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REGISTERED NUMBER: 00184559 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LILLEY BROOK GOLF CLUB (CHELTENHAM)
LIMITED

LILLEY BROOK GOLF CLUB (CHELTENHAM)
LIMITED (REGISTERED NUMBER: 00184559)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Statement of Directors' Responsibilities 6

Independent Chartered Accountants' Review Report 7


LILLEY BROOK GOLF CLUB (CHELTENHAM)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J A Ashenhurst
A Babbage
T M Clink
R J Barker
V M Sheridan



SECRETARY: J B Lannon



REGISTERED OFFICE: Lilley Brook Golf Club
Cirencester Road
Charlton Kings
Cheltenham
Gloucestershire
GL53 8EG



REGISTERED NUMBER: 00184559 (England and Wales)



ACCOUNTANTS: Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX



BANKERS: National Westminster Bank PLC
PO Box 9
31 Promenade
Cheltenham
GLOS
GL50 1LH

LILLEY BROOK GOLF CLUB (CHELTENHAM)
LIMITED (REGISTERED NUMBER: 00184559)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 943,788 803,999

CURRENT ASSETS
Stocks 6,053 7,808
Debtors 5 19,138 22,555
Cash at bank and in hand 201,510 211,231
226,701 241,594
CREDITORS
Amounts falling due within one year 6 (294,228 ) (322,472 )
NET CURRENT LIABILITIES (67,527 ) (80,878 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

876,261

723,121

RESERVES
Income and expenditure account 876,261 723,121
876,261 723,121

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 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 2 February 2024 and were signed on its behalf by:





J A Ashenhurst - Director


LILLEY BROOK GOLF CLUB (CHELTENHAM)
LIMITED (REGISTERED NUMBER: 00184559)

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

1. STATUTORY INFORMATION

Lilley Brook Golf Club (Cheltenham) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income from subscriptions is credited to turnover in the period to which it relates. Dividends from the trading subsidiary are recognised when received. Income from ground reconstruction, which is treated as exceptional, is recognised in the period in which it is received from the contractor.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Course & office equipment - at varying rates on cost
House - at varying rates 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 statement of financial position date.

Value added tax
As part of the Club's income is exempt from VAT, the VAT borne on costs is not fully recoverable from HM Revenue & Customs. The irrecoverable part of VAT borne on costs is written off to the income and expenditure account, except for that on tangible fixed assets, which is added to the relevant asset in the balance sheet.

3. EMPLOYEES AND DIRECTORS

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

LILLEY BROOK GOLF CLUB (CHELTENHAM)
LIMITED (REGISTERED NUMBER: 00184559)

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

4. TANGIBLE FIXED ASSETS
Course &
Freehold office
property equipment House Totals
£    £    £    £   
COST
At 1 January 2023 702,175 1,176,571 345,358 2,224,104
Additions 12,000 217,730 10,742 240,472
At 31 December 2023 714,175 1,394,301 356,100 2,464,576
DEPRECIATION
At 1 January 2023 405,208 789,575 225,322 1,420,105
Charge for year 8,218 61,082 31,383 100,683
At 31 December 2023 413,426 850,657 256,705 1,520,788
NET BOOK VALUE
At 31 December 2023 300,749 543,644 99,395 943,788
At 31 December 2022 296,967 386,996 120,036 803,999

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors - 4,113
Prepayments 19,138 18,442
19,138 22,555

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 18,396 19,372
Members deposits 20,380 22,106
Members loans 27,550 32,550
Tax 2,052 42,972
Social security and other taxes 7,915 6,419
VAT 43 15,027
Other creditors and income in
advance 215,892 182,026
Accrued expenses 2,000 2,000
294,228 322,472

7. SECURED DEBTS

The bank loan was secured by a legal mortgage over the company's freehold property. The loan was repaid in the year.

LILLEY BROOK GOLF CLUB (CHELTENHAM)
LIMITED (REGISTERED NUMBER: 00184559)

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

8. PENSION SCHEME

The company operates a defined contribution pension scheme. The scheme funds are administered by trustees and are independent of the company's finances. The scheme is fully funded and contributions are paid to the scheme in accordance with the recommendations of independent actuaries. The company's contributions are charged against profits in the year in which contributions are made.

9. COMPANY STATUS

The company is limited by guarantee and therefore has no share capital. In the event of the company being wound up and the liabilities and winding up expenses being in excess of the assets, the liability of a member is limited to 50p.

LILLEY BROOK GOLF CLUB (CHELTENHAM)
LIMITED (REGISTERED NUMBER: 00184559)

STATEMENT OF DIRECTORS' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023


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 Statement of Financial Position. 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.

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


ON BEHALF OF THE BOARD:





J A Ashenhurst - Director

2 February 2024

INDEPENDENT CHARTERED ACCOUNTANTS' REVIEW REPORT TO THE DIRECTORS OF
LILLEY BROOK GOLF CLUB (CHELTENHAM)
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 Statement of Financial Position. 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.

We have reviewed the financial statements of Lilley Brook Golf Club (Cheltenham) Limited for the year ended 31 December 2023, which comprise the Income Statement, Statement of Financial Position and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Directors' responsibility for the financial statements
As explained more fully in the Statement of Directors' Responsibilities set out on page six, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants' responsibility
Our responsibility is to express a conclusion on the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review historical financial statements' and ICAEW Technical Release TECH 09/13AAF (Revised) 'Assurance review engagements on historical financial statements'. ISRE 2400 (Revised) requires us to conclude whether anything has come to our attention that causes us to believe that the financial statements, taken as a whole, are not prepared, in all material respects, in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). ISRE 2400 (Revised) also requires us to comply with the ICAEW Code of Ethics and the FRC's Ethical Standard, as applicable.

Scope of the assurance review
A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures, primarily consisting of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

- so as to give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its surplus for the year then ended;
- in accordance with United Kingdom Generally Accepted Accounting Practice; and
- in accordance with the requirements of the Companies Act 2006.

Use of our report
This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in a reviewer's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report, or for the conclusions we have formed.




Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire

INDEPENDENT CHARTERED ACCOUNTANTS' REVIEW REPORT TO THE DIRECTORS OF
LILLEY BROOK GOLF CLUB (CHELTENHAM)
LIMITED

GL51 9TX


2 February 2024