IRIS Accounts Production v23.3.1.45 06050644 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060506442022-12-31060506442023-12-31060506442023-01-012023-12-31060506442021-12-31060506442022-01-012022-12-31060506442022-12-3106050644ns10:Originalns15:EnglandWales2023-01-012023-12-3106050644ns14:PoundSterlingns10:Original2023-01-012023-12-3106050644ns10:Originalns10:Director12023-01-012023-12-3106050644ns10:Original2023-01-012023-12-3106050644ns10:Original2023-12-3106050644ns10:Originalns10:CompanyLimitedByGuarantee2023-01-012023-12-3106050644ns10:Originalns10:SmallEntities2023-01-012023-12-3106050644ns10:Originalns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106050644ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106050644ns10:SmallCompaniesRegimeForAccountsns10:Original2023-01-012023-12-3106050644ns10:Originalns10:FullAccounts2023-01-012023-12-3106050644ns10:Originalns10:Director22023-01-012023-12-3106050644ns10:Originalns10:Director32023-01-012023-12-3106050644ns10:Originalns10:Director52023-01-012023-12-3106050644ns10:Director8ns10:Original2023-01-012023-12-3106050644ns10:Director10ns10:Original2023-01-012023-12-3106050644ns10:Originalns10:Director112023-01-012023-12-3106050644ns10:Originalns10:Director122023-01-012023-12-3106050644ns10:CompanySecretary1ns10:Original2023-01-012023-12-3106050644ns10:Originalns10:RegisteredOffice2023-01-012023-12-3106050644ns10:Original2022-12-3106050644ns10:Originalns5:CurrentFinancialInstruments2023-12-3106050644ns10:Originalns5:CurrentFinancialInstruments2022-12-3106050644ns10:Originalns5:Non-currentFinancialInstruments2023-12-3106050644ns10:Originalns5:Non-currentFinancialInstruments2022-12-3106050644ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-12-3106050644ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3106050644ns10:Original2022-01-012022-12-3106050644ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3106050644ns10:Originalns5:PlantMachinery2022-12-3106050644ns10:Originalns5:FurnitureFittings2022-12-3106050644ns10:Originalns5:ComputerEquipment2022-12-3106050644ns10:Original2022-12-3106050644ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3106050644ns10:Originalns5:PlantMachinery2023-01-012023-12-3106050644ns10:Originalns5:FurnitureFittings2023-01-012023-12-3106050644ns10:Originalns5:ComputerEquipment2023-01-012023-12-3106050644ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3106050644ns10:Originalns5:PlantMachinery2023-12-3106050644ns10:Originalns5:FurnitureFittings2023-12-3106050644ns10:Originalns5:ComputerEquipment2023-12-3106050644ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3106050644ns10:Originalns5:PlantMachinery2022-12-3106050644ns10:Originalns5:FurnitureFittings2022-12-3106050644ns10:Originalns5:ComputerEquipment2022-12-3106050644ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106050644ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3106050644ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3106050644ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3106050644ns10:Originalns5:WithinOneYear2023-12-3106050644ns10:Originalns5:WithinOneYear2022-12-3106050644ns5:BetweenOneFiveYearsns10:Original2023-12-3106050644ns5:BetweenOneFiveYearsns10:Original2022-12-3106050644ns10:Originalns5:AllPeriods2023-12-3106050644ns10:Originalns5:AllPeriods2022-12-31
REGISTERED NUMBER: 06050644 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE SALISBURY & SOUTH WILTS GOLF CLUB
LIMITED

THE SALISBURY & SOUTH WILTS GOLF CLUB
LIMITED (REGISTERED NUMBER: 06050644)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE SALISBURY & SOUTH WILTS GOLF CLUB
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R W Whitmore
R James
A Bissett
H Thorne
D J Lewin
A Jenkins
I Revell
R P Law





SECRETARY: A P W Beal





REGISTERED OFFICE: Netherhampton Road
Netherhampton
Salisbury
Wiltshire
SP2 8PR





REGISTERED NUMBER: 06050644 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

THE SALISBURY & SOUTH WILTS GOLF CLUB
LIMITED (REGISTERED NUMBER: 06050644)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 461,348 479,388

CURRENT ASSETS
Stocks 5 18,748 15,553
Debtors 6 22,872 24,121
Cash at bank 7 577,045 493,158
618,665 532,832
CREDITORS
Amounts falling due within one year 8 240,210 200,117
NET CURRENT ASSETS 378,455 332,715
TOTAL ASSETS LESS CURRENT LIABILITIES 839,803 812,103

CREDITORS
Amounts falling due after more than one
year

9

667

1,333
NET ASSETS 839,136 810,770

RESERVES
Income and expenditure account 839,136 810,770
839,136 810,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 SALISBURY & SOUTH WILTS GOLF CLUB
LIMITED (REGISTERED NUMBER: 06050644)

BALANCE SHEET - continued
31 DECEMBER 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 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 9 February 2024 and were signed on its behalf by:





H Thorne - Director


THE SALISBURY & SOUTH WILTS GOLF CLUB
LIMITED (REGISTERED NUMBER: 06050644)

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


1. GENERAL INFORMATION

The Salisbury & South Wilts Golf Club Limited is a private company (06050644) limited by guarantee and was incorporated in England & Wales. The principal activity of the company was the provision of a golf course and club for its members. The main place of business and registered office is The Salisbury & South Wilts Golf Club Limited, Netherhampton, Salisbury, Wiltshire, SP2 8PR.

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.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sales of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- The Company has transferred the significant risks and rewards of ownership to the buyer;

- The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over goods sold;

- The amount of revenue can be measured reliably;

- It is probable that the Company will receive the consideration due under the transaction; and

- The costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- The amount of revenue can be measured reliably;

- It is probable that the Company will receive the consideration due under the contract;

- The stage of completion of the contract at the end of the reporting period can be measured reliably; and

- The costs incurred and the costs to complete the contract can be measured reliably.

THE SALISBURY & SOUTH WILTS GOLF CLUB
LIMITED (REGISTERED NUMBER: 06050644)

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


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their cost, together with any incidental costs of acquisition.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% reducing balance or straight line over the remaining period of the lease (expires 2048 see below)
Plant and machinery - 20% straight line or reducing balance. Irrigation system straight line over 5 years.
Fixtures and fittings - 20% straight line or reducing balance
Office equipment - 10-33% straight line or reducing balance

The lease has expired and a 25 year extension is being negotiated.

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

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 21 ) .

THE SALISBURY & SOUTH WILTS GOLF CLUB
LIMITED (REGISTERED NUMBER: 06050644)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Office
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 1,143,915 896,903 159,220 23,055 2,223,093
Additions 9,140 67,097 11,919 1,177 89,333
Disposals (725 ) (1,449 ) (7,073 ) - (9,247 )
At 31 December 2023 1,152,330 962,551 164,066 24,232 2,303,179
DEPRECIATION
At 1 January 2023 884,406 704,759 134,901 19,639 1,743,705
Charge for year 24,658 73,235 6,941 1,872 106,706
Eliminated on disposal (725 ) (1,449 ) (6,406 ) - (8,580 )
At 31 December 2023 908,339 776,545 135,436 21,511 1,841,831
NET BOOK VALUE
At 31 December 2023 243,991 186,006 28,630 2,721 461,348
At 31 December 2022 259,509 192,144 24,319 3,416 479,388

5. STOCKS
2023 2022
£    £   
Finished goods and goods for resale 18,748 15,553

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,482 203
Prepayments and accrued income 19,390 23,918
22,872 24,121

7. CASH AT BANK
2023 2022
£    £   
Cash at bank and in hand 577,045 493,158

THE SALISBURY & SOUTH WILTS GOLF CLUB
LIMITED (REGISTERED NUMBER: 06050644)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Debentures (see note 10) 667 667
Payments received on account 116,748 103,524
Trade creditors 26,858 28,145
Corporation tax 3,154 1,784
Social security and other taxes 12,699 4,248
Other creditors 30,060 28,477
Accruals and deferred income 50,024 33,272
240,210 200,117

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Debentures (see note 10) 667 1,333

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Debenture loans 667 667

Amounts falling due between one and two years:
Debenture loans 667 1,333

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 6,782 88,373
Between one and five years 10,584 15,117
17,366 103,490