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REGISTERED NUMBER: 01227012















Financial Statements for the Year Ended 30 September 2023

for

East Herts Golf Club Limited(The)

East Herts Golf Club Limited(The) (Registered number: 01227012)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


East Herts Golf Club Limited(The)

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr M S Benjamin
Mr J K Haslett
Ms J Reeve
Mr J A Watts
Mr D G Wheeler





SECRETARY: Mr D G Wheeler





REGISTERED OFFICE: East Herts Golf Cub
Hamels Park
Buntingford
Hertfordshire
SG9 9NB





REGISTERED NUMBER: 01227012





AUDITORS: Thickbroom Coventry
Chartered Accountants
and Statutory Auditors
147a High Street
Waltham Cross
EN8 7AP

East Herts Golf Club Limited(The) (Registered number: 01227012)

Statement of Financial Position
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,136,781 1,042,806

CURRENT ASSETS
Stocks 29,777 29,827
Debtors 6 33,403 33,449
Cash at bank 620,325 698,877
683,505 762,153
CREDITORS
Amounts falling due within one year 7 658,172 623,013
NET CURRENT ASSETS 25,333 139,140
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,162,114

1,181,946

CREDITORS
Amounts falling due after more than
one year

8

6,948

19,307
NET ASSETS 1,155,166 1,162,639

RESERVES
Income and expenditure account 1,155,166 1,162,639
MEMBERS' FUNDS 1,155,166 1,162,639

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2023 and were signed on its behalf by:




Mr D G Wheeler - Director



Mr M S Benjamin - Director


East Herts Golf Club Limited(The) (Registered number: 01227012)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

East Herts Golf Club Limited(The) is a private company, limited by guarantee , registered in Not specified/Other. 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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be readily measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes, as follows:

Subscriptions
The Membership year runs from 1 April to 31 March each year. Subscriptions paid which relate to the period after the year end (1 October) are deferred and carried forward in other creditors.

Green fees
Income is recognised on the date of play basis.

Bar, Catering and Loyalty Card Sales
Income is recognised on a served basis or when a loyalty card is used to purchase goods. Balances on loyalty cards at the year end represent an obligation and are carried forward in other creditors. Balances on the loyalty card of Ex-Members or unused at the end of the membership year are written off to income. The obligation in the financial statements at the year end is therefore only to current members.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold land, buildings and
improvements

-

over lease term
Plant and machinery - 25% on cost and 10% on cost
Fixtures and fittings - straight line over 3 years

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


East Herts Golf Club Limited(The) (Registered number: 01227012)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Hire purchase and leasing commitments
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 26 (2022 - 27 ) .

4. AUDITORS' REMUNERATION
2023 2022
£    £   
Fees payable to the company's auditors for the audit of the
company's financial statements

7,067

6,325

East Herts Golf Club Limited(The) (Registered number: 01227012)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Long
leasehold
land,
buildings Fixtures
and Plant and and
improvements machinery fittings Totals
£    £    £    £   
COST
At 1 October 2022 1,067,746 755,859 343,033 2,166,638
Additions 125,415 52,898 19,144 197,457
At 30 September 2023 1,193,161 808,757 362,177 2,364,095
DEPRECIATION
At 1 October 2022 274,966 538,548 310,318 1,123,832
Charge for year 19,421 60,707 23,354 103,482
At 30 September 2023 294,387 599,255 333,672 1,227,314
NET BOOK VALUE
At 30 September 2023 898,774 209,502 28,505 1,136,781
At 30 September 2022 792,780 217,311 32,715 1,042,806

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors (2,150 ) (2,250 )
Other debtors 35,553 35,699
33,403 33,449

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 12,360 12,837
Trade creditors 77,798 91,653
Taxation and social security 26,698 33,285
Other creditors 541,316 485,238
658,172 623,013

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,948 19,307

East Herts Golf Club Limited(The) (Registered number: 01227012)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Robert Boulton FCA (Senior Statutory Auditor)
for and on behalf of Thickbroom Coventry

10. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £2,467,500 (2022 - £2,520,000).