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REGISTERED NUMBER: 11603478 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

LEICESTERSHIRE & RUTLAND GOLF LIMITED

LEICESTERSHIRE & RUTLAND GOLF LIMITED (REGISTERED NUMBER: 11603478)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEICESTERSHIRE & RUTLAND GOLF LIMITED

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTORS: Mr P Askew
Mr M J Billingham
Mr D H Dalby
Mr K D Elliot
Mr J J Fairbrother
Mr T A Walker
Mr K Whitfield-Green
Mr F Lock
Mr T Roberts
Mr A J Turton





SECRETARY: Mr T A Walker





REGISTERED OFFICE: Kirby Muxloe Golf Club
Station Road
Kirby Muxloe
Leicester
Leicestershire
LE9 2EP





REGISTERED NUMBER: 11603478 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2
Charnwood Edge Business Park
Syston Road
Leicester
LE7 4UZ

LEICESTERSHIRE & RUTLAND GOLF LIMITED (REGISTERED NUMBER: 11603478)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 5 12,251 13,528
Debtors 6 - 9,598
Cash at bank 150,161 135,245
162,412 158,371
CREDITORS
Amounts falling due within one year 7 (2,640 ) (16,182 )
NET CURRENT ASSETS 159,772 142,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,772

142,189

RESERVES
County finals contingency fund 8 20,677 18,677
Under 35's fund 8 2,955 2,705
Income and expenditure account 8 136,140 120,807
159,772 142,189

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 and Expenditure Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





Mr T A Walker - Director


LEICESTERSHIRE & RUTLAND GOLF LIMITED (REGISTERED NUMBER: 11603478)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023


1. STATUTORY INFORMATION

Leicestershire & Rutland Golf Limited is a limited company, limited by guarantee, registered in England and Wales. Its registered office address is Kirby Muxloe Golf Club, Station Road, Kirby Muxloe, Leicester, LE9 2EP and the registered number is 11603478.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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
Turnover represents the total value on a receivable basis of subscriptions and competition entrance fees.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% straight line

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
The company has applied for a dispensation from HMRC for completing a corporation tax return (subject to certain conditions) and, accordingly no corporation tax has been provided for in the accounts to 31 October 2023.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

LEICESTERSHIRE & RUTLAND GOLF LIMITED (REGISTERED NUMBER: 11603478)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022
and 31 October 2023 337
DEPRECIATION
At 1 November 2022
and 31 October 2023 337
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. STOCKS
2023 2022
£    £   
Finished goods 12,251 13,528

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 9,598

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 660 14,382
Accruals and deferred income 1,980 1,800
2,640 16,182

8. RESERVES
Income County
and finals
expenditure contingency Under
account fund 35's fund Totals
£    £    £    £   

At 1 November 2022 120,807 18,677 2,705 142,189
Surplus for the year 17,333 17,333
Contribution from Leicestershire &
Rutland Golf Union

(2,000

)

2,000

-

-

Excess of income over expenditure
for the year

-

-

250

250

At 31 October 2023 136,140 20,677 2,955 159,772

LEICESTERSHIRE & RUTLAND GOLF LIMITED (REGISTERED NUMBER: 11603478)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023


9. LIMITED BY GUARANTEE

The Company is a private company limited by guarantee and consequently does not have a share capital. Each of the guarantors are liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.