IRIS Accounts Production v23.3.0.418 01600170 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:pure016001702022-03-31016001702023-03-31016001702022-04-012023-03-31016001702021-03-31016001702021-04-012022-03-31016001702022-03-3101600170ns16:EnglandWales2022-04-012023-03-3101600170ns15:PoundSterling2022-04-012023-03-3101600170ns11:Director12022-04-012023-03-3101600170ns11:Director22022-04-012023-03-3101600170ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3101600170ns11:SmallEntities2022-04-012023-03-3101600170ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3101600170ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3101600170ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3101600170ns11:FullAccounts2022-04-012023-03-3101600170ns11:Director32022-04-012023-03-3101600170ns11:RegisteredOffice2022-04-012023-03-3101600170ns6:CurrentFinancialInstruments2023-03-3101600170ns6:CurrentFinancialInstruments2022-03-3101600170ns6:Non-currentFinancialInstruments2023-03-3101600170ns6:Non-currentFinancialInstruments2022-03-3101600170ns6:ShareCapital2023-03-3101600170ns6:ShareCapital2022-03-3101600170ns6:SharePremium2023-03-3101600170ns6:SharePremium2022-03-3101600170ns6:RevaluationReserve2023-03-3101600170ns6:RevaluationReserve2022-03-3101600170ns6:RetainedEarningsAccumulatedLosses2023-03-3101600170ns6:RetainedEarningsAccumulatedLosses2022-03-3101600170ns6:LandBuildings2022-03-3101600170ns6:LeaseholdImprovements2022-03-3101600170ns6:PlantMachinery2022-03-3101600170ns6:FurnitureFittings2022-03-3101600170ns6:LandBuildings2022-04-012023-03-3101600170ns6:LeaseholdImprovements2022-04-012023-03-3101600170ns6:PlantMachinery2022-04-012023-03-3101600170ns6:FurnitureFittings2022-04-012023-03-3101600170ns6:LandBuildings2023-03-3101600170ns6:LeaseholdImprovements2023-03-3101600170ns6:PlantMachinery2023-03-3101600170ns6:FurnitureFittings2023-03-3101600170ns6:LandBuildings2022-03-3101600170ns6:LeaseholdImprovements2022-03-3101600170ns6:PlantMachinery2022-03-3101600170ns6:FurnitureFittings2022-03-3101600170ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-03-3101600170ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-04-012023-03-3101600170ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-03-3101600170ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-03-3101600170ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3101600170ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3101600170ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-03-3101600170ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-03-3101600170ns6:Secured2023-03-3101600170ns6:Secured2022-03-3101600170ns6:RevaluationReserve2022-03-31
REGISTERED NUMBER: 01600170 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HINCKLEY GOLF CLUB LIMITED

HINCKLEY GOLF CLUB LIMITED (REGISTERED NUMBER: 01600170)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HINCKLEY GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Barry Ayre
Stephen White
Andrew Quinton Bestwick





REGISTERED OFFICE: Leicester Road
Hinckley
Leicestershire
LE10 3DR





REGISTERED NUMBER: 01600170 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants
25 Station Road
Hinckley
Leicestershire
LE10 1AP

HINCKLEY GOLF CLUB LIMITED (REGISTERED NUMBER: 01600170)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,331,937 1,337,310

CURRENT ASSETS
Debtors 5 47,374 50,718
Cash at bank and in hand 626,374 521,100
673,748 571,818
CREDITORS
Amounts falling due within one year 6 786,788 762,538
NET CURRENT LIABILITIES (113,040 ) (190,720 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,218,897

1,146,590

CREDITORS
Amounts falling due after more than one
year

7

148,397

222,874
NET ASSETS 1,070,500 923,716

CAPITAL AND RESERVES
Called up share capital 703,836 703,836
Share premium 72,663 72,663
Revaluation reserve 9 117,484 117,484
Retained earnings 176,517 29,733
SHAREHOLDERS' FUNDS 1,070,500 923,716

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 profit or loss 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.

HINCKLEY GOLF CLUB LIMITED (REGISTERED NUMBER: 01600170)

BALANCE SHEET - continued
31 MARCH 2023


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 28 October 2023 and were signed on its behalf by:




Barry Ayre - Director



Andrew Quinton Bestwick - Director


HINCKLEY GOLF CLUB LIMITED (REGISTERED NUMBER: 01600170)

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

1. STATUTORY INFORMATION

Hinckley Golf Club Limited is a private company, limited by shares , 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.

As the Club's subscription year does coincide with the accounting year there is an adjustment for subscriptions received in advance. The relevant portion of the subscriptions received in the current accounting year but relating to the following accounting year are carried forward.

Turnover
Turnover represents subscriptions, retail sales and course fees, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life,
Improvements to property - 2% to 10% on cost Mowers and tractors - 25% on reducing balance
Fixtures and fittings - 10% to 20% on cost

No depreciation is provided on freehold land. The freehold property is not depreciated where the Directors are of the opinion that the buildings concerned are currently sufficiently well maintained to ensure that the residual values of such properties, which are appraised on the basis of prices prevailing at the times of acquisition or subsequent valuation, are not less than the carrying values and accordingly annual depreciation would not be material to the financial statements. Carrying values are reviewed for impairment annually.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HINCKLEY GOLF CLUB LIMITED (REGISTERED NUMBER: 01600170)

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

2. ACCOUNTING POLICIES - continued

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 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.

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 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Mowers Fixtures
Freehold to and and
property property tractors fittings Totals
£    £    £    £    £   
COST
At 1 April 2022 1,088,944 351,831 285,403 434,780 2,160,958
Additions - - 41,819 770 42,589
Disposals - - (11,600 ) (700 ) (12,300 )
At 31 March 2023 1,088,944 351,831 315,622 434,850 2,191,247
DEPRECIATION
At 1 April 2022 - 175,673 237,624 410,351 823,648
Charge for year - 17,023 19,139 11,265 47,427
Eliminated on disposal - - (11,065 ) (700 ) (11,765 )
At 31 March 2023 - 192,696 245,698 420,916 859,310
NET BOOK VALUE
At 31 March 2023 1,088,944 159,135 69,924 13,934 1,331,937
At 31 March 2022 1,088,944 176,158 47,779 24,429 1,337,310

Freehold property was revalued many years ago.
The value has been adopted as deemed cost of the assets concerned on transition to FRS102.

HINCKLEY GOLF CLUB LIMITED (REGISTERED NUMBER: 01600170)

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:
Mowers
and
tractors
£   
COST
At 1 April 2022 45,649
Additions 41,819
At 31 March 2023 87,468
DEPRECIATION
At 1 April 2022 26,391
Charge for year 12,113
At 31 March 2023 38,504
NET BOOK VALUE
At 31 March 2023 48,964
At 31 March 2022 19,258

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,178 6,023
Prepayments and accrued income 40,196 44,695
47,374 50,718

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 68,058 68,110
Hire purchase contracts and finance leases 8,557 5,133
Trade creditors 51,638 100,785
Corporation tax 2,767 3,876
Social security and other taxes 4,308 4,061
Accruals and deferred income 651,460 580,573
786,788 762,538

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-5 years 94,345 162,045
Hire purchase contracts and finance leases 28,302 8,079
Accruals and deferred income 25,750 52,750
148,397 222,874

HINCKLEY GOLF CLUB LIMITED (REGISTERED NUMBER: 01600170)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 162,403 230,155

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 117,484

10. VALUE ADDED TAX

The Club has partial exemption status associated with its income and hence its recovery of input VAT on costs and purchases is not all reclaimable. The irrecoverable proportion is shown separately as a cost in the detailed Trading and Profit and Loss Account.