REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2023 |
for |
Scarborough North Cliff Golf Club |
Trading Company Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2023 |
for |
Scarborough North Cliff Golf Club |
Trading Company Limited |
Scarborough North Cliff Golf Club |
Trading Company Limited (Registered number: 09989579) |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Scarborough North Cliff Golf Club |
Trading Company Limited |
Company Information |
for the Year Ended 31 March 2023 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Auditors: |
Statutory Auditor |
2 Belgrave Crescent |
Scarborough |
North Yorkshire |
YO11 1UB |
Scarborough North Cliff Golf Club |
Trading Company Limited (Registered number: 09989579) |
Balance Sheet |
31 March 2023 |
2023 | 2022 |
Notes | £ | £ |
Current assets |
Stocks | 4 |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 7 |
Retained earnings |
Shareholders' funds |
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 |
Scarborough North Cliff Golf Club |
Trading Company Limited (Registered number: 09989579) |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
1. | Statutory information |
Scarborough North Cliff Golf Club Trading Company Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
Provisions |
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. |
Tax |
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Scarborough North Cliff Golf Club |
Trading Company Limited (Registered number: 09989579) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
2. | Accounting policies - continued |
Government grants |
Grants of a revenue nature are credited to the income statement in the period to which they relate. Government grants are presented separately and disclosed in Other operating income in the income statement. Grants in the previous year comprise of the UK Government assistance provided during the Covid-19 pandemic. |
Share capital |
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resource received or receivable, net of the direct costs of issuing the equity instrument. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. |
Gift Aid to parent |
The company and parent CASC have adopted the changes detailed in the Triennial Review (FRS 102) in relation to the presentation of Gift Aid. As a result the Gift Aid payable by the trading company to the CASC is no longer recognised as an expense in the profit and loss account. The Gift Aid is shown when paid (as no deed of covenant is in place) as a movement through reserves in the Statement of Changes in Equity. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Stocks |
2023 | 2022 |
£ | £ |
Stocks |
5. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Social security and other |
taxes | - | 42 |
Scarborough North Cliff Golf Club |
Trading Company Limited (Registered number: 09989579) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Social security and other taxes |
VAT | 1,504 | 795 |
Other creditors |
Bar card top ups | 9,003 | 9,838 |
Accruals and deferred income |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | 1 | 1 | 1 |
8. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
9. | Related party disclosures |
During the year the company made a gift aid donation to Scarborough North Cliff Golf Club Limited totalling £114,945 (2022 - £60,391). At the year end the total amount owed from Scarborough North Cliff Golf Club Trading Company Limited was £17,927 (2022 - £32,705) and is included within creditors due within one year. |