IRIS Accounts Production v23.4.0.336 00111673 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh001116732022-10-31001116732023-10-31001116732022-11-012023-10-31001116732021-10-31001116732021-11-012022-10-31001116732022-10-3100111673ns15:EnglandWales2022-11-012023-10-3100111673ns14:PoundSterling2022-11-012023-10-3100111673ns10:Director12022-11-012023-10-3100111673ns10:CompanyLimitedByGuarantee2022-11-012023-10-3100111673ns10:SmallEntities2022-11-012023-10-3100111673ns10:AuditExemptWithAccountantsReport2022-11-012023-10-3100111673ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3100111673ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3100111673ns10:FullAccounts2022-11-012023-10-3100111673ns10:Director22022-11-012023-10-3100111673ns10:Director32022-11-012023-10-3100111673ns10:Director52022-11-012023-10-3100111673ns10:Director102022-11-012023-10-3100111673ns10:Director112022-11-012023-10-3100111673ns10:Director122022-11-012023-10-3100111673ns10:Director132022-11-012023-10-3100111673ns10:Director142022-11-012023-10-3100111673ns10:Director152022-11-012023-10-3100111673ns10:Director172022-11-012023-10-3100111673ns10:CompanySecretary12022-11-012023-10-3100111673ns10:RegisteredOffice2022-11-012023-10-3100111673ns5:CurrentFinancialInstruments2023-10-3100111673ns5:CurrentFinancialInstruments2022-10-3100111673ns5:Non-currentFinancialInstruments2023-10-3100111673ns5:Non-currentFinancialInstruments2022-10-3100111673ns5:RevaluationReserve2023-10-3100111673ns5:RevaluationReserve2022-10-3100111673ns5:RetainedEarningsAccumulatedLosses2023-10-3100111673ns5:RetainedEarningsAccumulatedLosses2022-10-3100111673ns5:LeaseholdImprovements2022-11-012023-10-3100111673ns5:PlantMachinery2022-11-012023-10-3100111673ns5:FurnitureFittings2022-11-012023-10-3100111673ns5:LandBuildings2022-10-3100111673ns5:LeaseholdImprovements2022-10-3100111673ns5:PlantMachinery2022-10-3100111673ns5:FurnitureFittings2022-10-3100111673ns5:LandBuildings2022-11-012023-10-3100111673ns5:LandBuildings2023-10-3100111673ns5:LeaseholdImprovements2023-10-3100111673ns5:PlantMachinery2023-10-3100111673ns5:FurnitureFittings2023-10-3100111673ns5:LandBuildings2022-10-3100111673ns5:LeaseholdImprovements2022-10-3100111673ns5:PlantMachinery2022-10-3100111673ns5:FurnitureFittings2022-10-3100111673ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-11-012023-10-3100111673ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3100111673ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3100111673ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3100111673ns5:RevaluationReserve2022-10-31
REGISTERED NUMBER: 00111673 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Erewash Valley Golf Club Limited

Erewash Valley Golf Club Limited (Registered number: 00111673)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Erewash Valley Golf Club Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: M Coxall
R Moulds
K D Darby
N J Sorrell
G Wheatley
C Beaton
L Wheatley
A M Stacey
A Saxton
P Howe
D Law





SECRETARY: C V Baker





REGISTERED OFFICE: Golf Club Road
Stanton by Dale
Ilkeston
Derbyshire
DE7 4QR





REGISTERED NUMBER: 00111673 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Erewash Valley Golf Club Limited (Registered number: 00111673)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,198,702 1,165,020

CURRENT ASSETS
Stocks 12,625 9,341
Debtors 5 34,544 14,213
Cash at bank and in hand 343,711 393,419
390,880 416,973
CREDITORS
Amounts falling due within one year 6 337,631 311,697
NET CURRENT ASSETS 53,249 105,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,251,951

1,270,296

CREDITORS
Amounts falling due after more than one
year

7

82,456

77,000
NET ASSETS 1,169,495 1,193,296

RESERVES
Revaluation reserve 8 290,925 290,925
Income and expenditure account 878,570 902,371
1,169,495 1,193,296

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.

Erewash Valley Golf Club Limited (Registered number: 00111673)

Balance Sheet - continued
31 October 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 26 January 2024 and were signed on its behalf by:





R Moulds - Director


Erewash Valley Golf Club Limited (Registered number: 00111673)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Erewash Valley Golf Club Limited is a private company, limited by guarantee , 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Clubhouse: Fixtures, Fittings & Equipment
-
33% on cost, 20% on reducing balance and at varying rates on cost
Car park & course:
fittings & equipment

fittings &

-

25% on reducing balance
Driving Range - 10% on cost

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 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.

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 surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

Erewash Valley Golf Club Limited (Registered number: 00111673)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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 28 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Clubhouse: Car park
Fixtures, & course:
Freehold Fittings fittings Driving
land & Equipment & equipment Range Totals
£    £    £    £    £   
COST
At 1 November 2022 295,000 1,193,841 594,459 271,548 2,354,848
Additions - 15,135 141,249 - 156,384
Disposals - - (32,250 ) - (32,250 )
At 31 October 2023 295,000 1,208,976 703,458 271,548 2,478,982
DEPRECIATION
At 1 November 2022 - 671,910 461,725 56,193 1,189,828
Charge for year - 28,312 44,559 27,155 100,026
Eliminated on disposal - - (9,574 ) - (9,574 )
At 31 October 2023 - 700,222 496,710 83,348 1,280,280
NET BOOK VALUE
At 31 October 2023 295,000 508,754 206,748 188,200 1,198,702
At 31 October 2022 295,000 521,931 132,734 215,355 1,165,020

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Car park
& course:
fittings
& equipment
£   
COST
Additions 67,633
At 31 October 2023 67,633
DEPRECIATION
Charge for year 11,859
At 31 October 2023 11,859
NET BOOK VALUE
At 31 October 2023 55,774

Erewash Valley Golf Club Limited (Registered number: 00111673)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 900 7,633
Other debtors 33,644 6,580
34,544 14,213

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 11,845 -
Trade creditors 34,827 29,116
Taxation and social security 16,055 20,234
Other creditors 274,904 262,347
337,631 311,697

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 41,456 -
Other creditors 41,000 77,000
82,456 77,000

8. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 290,925

9. ULTIMATE CONTROLLING PARTY

The Club is under the control of the Committee acting on behalf of the members.

10. GUARANTEE

The company is limited by guarantee. In the event of a winding up the liability of members and past members, who would be contributories, would be limited to £5 each.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Erewash Valley Golf Club Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Erewash Valley Golf Club Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Erewash Valley Golf Club Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Erewash Valley Golf Club Limited and state those matters that we have agreed to state to the Board of Directors of Erewash Valley Golf Club Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Erewash Valley Golf Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Erewash Valley Golf Club Limited. You consider that Erewash Valley Golf Club Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Erewash Valley Golf Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


26 January 2024