IRIS Accounts Production v23.3.1.45 00733927 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure007339272022-03-31007339272023-03-31007339272022-04-012023-03-31007339272021-03-31007339272021-04-012022-03-31007339272022-03-3100733927ns16:EnglandWales2022-04-012023-03-3100733927ns15:PoundSterling2022-04-012023-03-3100733927ns11:Director12022-04-012023-03-3100733927ns11:Director22022-04-012023-03-3100733927ns11:CompanyLimitedByGuarantee2022-04-012023-03-3100733927ns11:SmallEntities2022-04-012023-03-3100733927ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3100733927ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3100733927ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3100733927ns11:FullAccounts2022-04-012023-03-3100733927ns11:Director32022-04-012023-03-3100733927ns11:Director42022-04-012023-03-3100733927ns11:Director52022-04-012023-03-3100733927ns11:Director72022-04-012023-03-3100733927ns11:Director82022-04-012023-03-3100733927ns11:Director92022-04-012023-03-3100733927ns11:Director102022-04-012023-03-3100733927ns11:Director112022-04-012023-03-3100733927ns11:Director122022-04-012023-03-3100733927ns11:Director142022-04-012023-03-3100733927ns11:Director152022-04-012023-03-3100733927ns11:Director162022-04-012023-03-3100733927ns11:Director172022-04-012023-03-3100733927ns11:Director182022-04-012023-03-3100733927ns11:Director192022-04-012023-03-3100733927ns11:RegisteredOffice2022-04-012023-03-3100733927ns6:CurrentFinancialInstruments2023-03-3100733927ns6:CurrentFinancialInstruments2022-03-3100733927ns6:Non-currentFinancialInstruments2023-03-3100733927ns6:Non-currentFinancialInstruments2022-03-3100733927ns6:RetainedEarningsAccumulatedLosses2023-03-3100733927ns6:RetainedEarningsAccumulatedLosses2022-03-3100733927ns6:LandBuildings2022-03-3100733927ns6:PlantMachinery2022-03-3100733927ns6:LandBuildings2022-04-012023-03-3100733927ns6:PlantMachinery2022-04-012023-03-3100733927ns6:LandBuildings2023-03-3100733927ns6:PlantMachinery2023-03-3100733927ns6:LandBuildings2022-03-3100733927ns6:PlantMachinery2022-03-3100733927ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3100733927ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3100733927ns6:Non-currentFinancialInstruments2022-04-012023-03-3100733927ns6:Secured2023-03-3100733927ns6:Secured2022-03-31
REGISTERED NUMBER: 00733927 (England and Wales)















BOSTON GOLF CLUB LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






BOSTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00733927)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


BOSTON GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M A Hyde
T West
P Bastock
A Castley
S Cooper
J Hicks
S P Hodgson
S Hunt
P Keal
C C Latham
P J Pearson
M Pond
A Potter
Mrs Y Schaffarczyk
Mrs V Simpson
I Taylor
G Tempest





REGISTERED OFFICE: Cowbridge
Horncastle Road
Boston
Lincolnshire
PE22 7EL





REGISTERED NUMBER: 00733927 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
5 Resolution Close
Endeavour Park
Boston
Lincolnshire
PE21 7TT

BOSTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00733927)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 517,390 354,846

CURRENT ASSETS
Stocks 7,107 5,608
Debtors 5 8,800 66,973
Cash at bank and in hand 116,268 175,169
132,175 247,750
CREDITORS
Amounts falling due within one year 6 153,790 158,021
NET CURRENT (LIABILITIES)/ASSETS (21,615 ) 89,729
TOTAL ASSETS LESS CURRENT LIABILITIES 495,775 444,575

CREDITORS
Amounts falling due after more than one year 7 132,242 85,417
NET ASSETS 363,533 359,158

RESERVES
Income and expenditure account 363,533 359,158
363,533 359,158

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 30 August 2023 and were signed on its behalf by:




M A Hyde - Director



T West - Director


BOSTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00733927)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Boston 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 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.

The directors consider that the preparation of the financial statements on a going concern basis is appropriate.

Turnover
Turnover represents income generated from the various activities in the year, excluding value added tax. Income is recognised when the sale or service is provided with tee sponsorship income being credited over the term of the sponsorship.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation.

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.

Freehold land- not provided
Freehold buildings - expenditure on course- 7.5% on reducing balance
Freehold buildings - clubhouse- 10% on reducing balance
Equipment and machinery- 7.5% - 20% on reducing balance

Stocks
Stocks are included at the lower of cost and estimated selling price less costs to sell.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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 the income statement as incurred.

BOSTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00733927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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 the income statement in the period to which they relate.

Taxation
The company has mutual tax status and therefore taxation is only provided for on non-mutual income received in the year.

Other activities
The financial statements do not contain the activities of the "Seniors", "Ladies" and "Rabbits" sections of the club nor do they contain the social events and competitions sections of the club.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Freehold Equipment
land and and
buildings machinery Totals
£    £    £   
COST
At 1 April 2022 466,788 220,232 687,020
Additions 4,379 243,894 248,273
Disposals - (107,729 ) (107,729 )
At 31 March 2023 471,167 356,397 827,564
DEPRECIATION
At 1 April 2022 218,855 113,319 332,174
Charge for year 10,303 34,924 45,227
Eliminated on disposal - (67,227 ) (67,227 )
At 31 March 2023 229,158 81,016 310,174
NET BOOK VALUE
At 31 March 2023 242,009 275,381 517,390
At 31 March 2022 247,933 106,913 354,846

Included in cost of land and buildings is freehold land of £ 128,091 (2022 - £ 128,091 ) which is not depreciated.

The net book value of tangible fixed assets includes £ 137,677 (2022 - £ 71,963 ) in respect of assets held under hire purchase contracts and finance leases.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8,800 66,973

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 212
Hire purchase contracts and finance leases 25,262 17,673
Taxation and social security 5,260 2,646
Other creditors 123,268 137,490
153,790 158,021

BOSTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00733927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts and finance leases 90,748 35,737
Other creditors 41,494 49,680
132,242 85,417

Amounts falling due in more than five years:

Repayable by instalments
Other loans 15,311 21,380

The other loan included within creditors is a 'Covid' related 'bounce back loan' from the bank which has been converted into a 'Pay as you Grow' loan. This is repayable in instalments and is unsecured.

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 212
Hire purchase contracts and finance leases 116,010 53,410
116,010 53,622

Bank borrowings are secured by a first charge over the company's freehold land and premises together with all fixtures.
Hire purchase and finance lease contracts are secured on the asset to which they relate.

9. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the statement of financial position date of £3,423 (2022 - £3,423).