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REGISTERED NUMBER: 01096432 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Retford Golf Club Limited

Retford Golf Club Limited (Registered number: 01096432)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Retford Golf Club Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S A Moore
M J Mahony
F J Britton





SECRETARY: M J Mahony





REGISTERED OFFICE: Brecks Road
Ordsall
Retford
Nottinghamshire
DN22 7UA





REGISTERED NUMBER: 01096432 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Retford Golf Club Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Retford Golf Club Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Retford Golf Club Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Retford Golf Club Limited and state those matters that we have agreed to state to the Board of Directors of Retford Golf Club Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Retford Golf Club Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Retford Golf Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Retford Golf Club Limited. You consider that Retford Golf Club Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Retford Golf Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES


22 September 2023

Retford Golf Club Limited (Registered number: 01096432)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 507,972 490,066

CURRENT ASSETS
Stocks 15,922 11,329
Debtors 5 15,228 17,699
Cash at bank and in hand 356,869 348,830
388,019 377,858
CREDITORS
Amounts falling due within one year 6 463,649 431,216
NET CURRENT LIABILITIES (75,630 ) (53,358 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

432,342

436,708

CREDITORS
Amounts falling due after more than one
year

7

(64,167

)

(63,317

)

PROVISIONS FOR LIABILITIES (23,195 ) (20,059 )
NET ASSETS 344,980 353,332

RESERVES
Income and expenditure account 344,980 353,332
344,980 353,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2023 and were signed on its behalf by:





M J Mahony - Director


Retford Golf Club Limited (Registered number: 01096432)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Retford Golf Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and Buildings - Straight line over 20 years and Straight line over 50 years
Plant and machinery - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 9 ) .

Retford Golf Club Limited (Registered number: 01096432)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and
Buildings machinery fittings
£    £    £   
COST
At 1 April 2022 594,593 567,480 165,164
Additions - 34,050 19,082
At 31 March 2023 594,593 601,530 184,246
DEPRECIATION
At 1 April 2022 210,099 470,602 156,904
Charge for year 8,741 23,520 4,641
At 31 March 2023 218,840 494,122 161,545
NET BOOK VALUE
At 31 March 2023 375,753 107,408 22,701
At 31 March 2022 384,494 96,878 8,260

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 1,700 20,212 1,349,149
Additions - 1,848 54,980
At 31 March 2023 1,700 22,060 1,404,129
DEPRECIATION
At 1 April 2022 1,662 19,816 859,083
Charge for year 10 162 37,074
At 31 March 2023 1,672 19,978 896,157
NET BOOK VALUE
At 31 March 2023 28 2,082 507,972
At 31 March 2022 38 396 490,066

Retford Golf Club Limited (Registered number: 01096432)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 112,411
Transfer to ownership (66,411 )
At 31 March 2023 46,000
DEPRECIATION
At 1 April 2022 64,353
Charge for year 11,970
Transfer to ownership (52,972 )
At 31 March 2023 23,351
NET BOOK VALUE
At 31 March 2023 22,649
At 31 March 2022 48,058

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 15,228 17,699

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,243 3,827
Hire purchase contracts and finance leases (see note 8)
14,957

13,563
Trade creditors 83,382 47,757
Taxation and social security 4,984 12,070
Other creditors 355,083 353,999
463,649 431,216

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 35,415 41,969
Hire purchase contracts and finance leases (see note 8)
28,752

21,348
64,167 63,317

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,032 18,402

Retford Golf Club Limited (Registered number: 01096432)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2023 2022 2023 2022
£    £    £    £   
Net obligations repayable:
Within one year 6,762 - 8,195 13,563
Between one and five years 15,599 - 13,153 21,348
22,361 - 21,348 34,911

Non-cancellable operating leases
2023 2022
£    £   
Within one year 11,390 9,735
Between one and five years 45,560 38,940
In more than five years 102,510 97,350
159,460 146,025

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts and finance leases 43,709 34,911

The finance lease and HP liabilities are secured on the assets to which they relate.

10. ULTIMATE CONTROLLING PARTY

The controlling interest is jointly held by the members who vote in the committee.

11. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have any share capital.