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REGISTERED NUMBER: 00166676 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Withington Golf Club Limited

Withington Golf Club Limited (Registered number: 00166676)






Contents of the Financial Statements
for the year ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

Withington Golf Club Limited

Company Information
for the year ended 30 April 2023







DIRECTORS: M C Keates
A Folland
T Keely
J Heathcote
A Lacey





SECRETARY: J Dunn





REGISTERED OFFICE: Withington Golf Club
243 Palatine Rd
West Didsbury
Greater Manchester
M20 2UE





REGISTERED NUMBER: 00166676 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Withington Golf Club Limited (Registered number: 00166676)

Balance Sheet
30 April 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 632,976 652,118
Investments 5 100 100
633,076 652,218

CURRENT ASSETS
Debtors 6 183,814 99,013
Cash at bank and in hand 115,402 235,971
299,216 334,984
CREDITORS
Amounts falling due within one year 7 (188,421 ) (179,551 )
NET CURRENT ASSETS 110,795 155,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

743,871

807,651

CREDITORS
Amounts falling due after more than one year 8 (27,359 ) (43,748 )
NET ASSETS 716,512 763,903

RESERVES
Income and expenditure account 716,512 763,903
716,512 763,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 6 November 2023 and were signed on its behalf by:





J Heathcote - Director


Withington Golf Club Limited (Registered number: 00166676)

Notes to the Financial Statements
for the year ended 30 April 2023

1. STATUTORY INFORMATION

Withington 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover represents the income for the year excluding value added tax. Income for the year is made up of subscriptions, entrance fees, locker rent, green fees, bar sales and other miscellaneous receipts.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

Clubhouse and course development- 2% per annum reducing balance
Plant and machinery- 20% per annum reducing balance
Fixtures and fittings- 20% per annum reducing balance
Locker room equipment- 5% per annum straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

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

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

Taxation
Taxation expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity when it is recognised in those statements respectively. Current and deferred tax assets and liabilities are not discounted.

Current tax
Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years and is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

Withington Golf Club Limited (Registered number: 00166676)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Insurance proceeds
Insurance proceeds received in the year to compensate for lost profits and additional expenditure incurred during the year is recognised as "other operating income" in the profit and loss account.The business was affected for 30% of the trading year.

Grant Income
Grant income has been received to compensate for business interruption due to COVID-19 pandemic and from related sporting institutions.

Cash and cash equivalents
ash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 May 2022 15,805 1,461,728 1,477,533
Additions - 15,355 15,355
At 30 April 2023 15,805 1,477,083 1,492,888
DEPRECIATION
At 1 May 2022 - 825,415 825,415
Charge for year - 34,497 34,497
At 30 April 2023 - 859,912 859,912
NET BOOK VALUE
At 30 April 2023 15,805 617,171 632,976
At 30 April 2022 15,805 636,313 652,118

Withington Golf Club Limited (Registered number: 00166676)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

5. FIXED ASSET INVESTMENTS


Subsidiary
undertakings shares


Total
£    £   
Cost 100 100

Net book value 100 100


The company holds 20% or more of the share capital of the following companies:



Company
Country of
registration or
incorporation


Nature of business

Shares held
class

Proportion of
shares held
Withington Golf Club
(Trading) Limited

UK
Commercial Activities On
Behalf of Parent Company

Ordinary

100%

This company commenced trading on 1 May 2016, and has a registered office of 243 Palatine Road, Manchester, England, M20 2UE.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 684 -
Amounts owed by group undertakings 168,016 85,680
Other debtors 15,114 13,333
183,814 99,013

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans 11,273 11,273
Trade creditors 93,456 93,184
Taxation and social security 6,797 6,239
Other creditors 76,895 68,855
188,421 179,551

The finance lease liabilities are secured on the assets concerned.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 27,359 38,727
Other creditors - 5,021
27,359 43,748

Withington Golf Club Limited (Registered number: 00166676)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Loans from Members

a) Debenture Loans

These represent debentures of £50 and £100, each of which are secured by a floating charge over the assets of the club. The debentures are interest free and, subject to one months notice, repayable on demand.

b) Other loans

Interest free loans received from Members were due for repayment on 1 May 2012. Funds have been retained in anticipation of repayment and Council is in the process of trying to contact the individuals concerned with a view to making repayment where required.

9. RELATED PARTY DISCLOSURES

All transactions are at an arms length basis.

The board of directors are considered to be "Key management" for the purposes of key management disclosures.

Exemption has been taken under section 33 of FRS 102 with regards to the disclosure of inter-group transactions.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Withington 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 Withington Golf Club Limited for the year ended 30 April 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 Withington 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 Withington Golf Club Limited and state those matters that we have agreed to state to the Board of Directors of Withington 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 Withington 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 Withington 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 Withington Golf Club Limited. You consider that Withington 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 Withington 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.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


6 November 2023