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REGISTERED NUMBER: 00702799 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Upton-by-Chester Golf Club Limited

Upton-by-Chester Golf Club Limited (Registered number: 00702799)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Upton-by-Chester Golf Club Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: P M Lloyd
N A Sargent
Mrs A Brown
J A Peel
N Zarac
J D Hughes
J M Fitzgerald





REGISTERED OFFICE: The Oaks
Upton Lane
Chester
Cheshire
CH2 1EE





REGISTERED NUMBER: 00702799 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Upton-by-Chester Golf Club Limited (Registered number: 00702799)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,908,005 1,910,436

CURRENT ASSETS
Stocks 14,103 11,223
Debtors 5 18,767 19,578
Cash at bank and in hand 389,014 390,694
421,884 421,495
CREDITORS
Amounts falling due within one year 6 168,224 176,424
NET CURRENT ASSETS 253,660 245,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,161,665

2,155,507

CREDITORS
Amounts falling due after more than one year 7 (238,635 ) (293,875 )

ACCRUALS AND DEFERRED INCOME (398,599 ) (369,748 )
NET ASSETS 1,524,431 1,491,884

CAPITAL AND RESERVES
Called up share capital 127,885 127,885
Revaluation reserve 9 775,910 775,910
Capital redemption reserve 31,290 31,290
Retained earnings 589,346 556,799
SHAREHOLDERS' FUNDS 1,524,431 1,491,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 profit or loss 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.

Upton-by-Chester Golf Club Limited (Registered number: 00702799)

Balance Sheet - continued
30 June 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 11 September 2023 and were signed on its behalf by:





P M Lloyd - Director


Upton-by-Chester Golf Club Limited (Registered number: 00702799)

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

1. STATUTORY INFORMATION

Upton-by-Chester Golf Club Limited is a private company, limited by shares , 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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover comprises the receivable value of all the activities of the Club including members' subscriptions, entrance fees, locker rents, green fees, bar takings and gaming machines.

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.
Plant and machinery etc - 20% and 33.3% Straight Line

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Upton-by-Chester Golf Club Limited (Registered number: 00702799)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 July 2022 1,739,922 930,582 2,670,504
Additions - 40,013 40,013
Disposals - (22,237 ) (22,237 )
At 30 June 2023 1,739,922 948,358 2,688,280
DEPRECIATION
At 1 July 2022 4,000 756,068 760,068
Charge for year 1,000 41,444 42,444
Eliminated on disposal - (22,237 ) (22,237 )
At 30 June 2023 5,000 775,275 780,275
NET BOOK VALUE
At 30 June 2023 1,734,922 173,083 1,908,005
At 30 June 2022 1,735,922 174,514 1,910,436

Cost or valuation at 30 June 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2003 775,910 - 775,910
Cost 964,012 948,358 1,912,370
1,739,922 948,358 2,688,280

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 957,288 957,288

Freehold land and buildings were valued on an open market basis on 30 June 2023 by the Directors .

Upton-by-Chester Golf Club Limited (Registered number: 00702799)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 July 2022 228,537
Additions 24,611
Transfer to ownership (24,232 )
At 30 June 2023 228,916
DEPRECIATION
At 1 July 2022 76,963
Charge for year 37,976
Transfer to ownership (19,386 )
At 30 June 2023 95,553
NET BOOK VALUE
At 30 June 2023 133,363
At 30 June 2022 151,574

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 5,709 6,449
Other debtors 13,058 13,129
18,767 19,578

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 35,757 42,065
Finance leases 45,256 45,753
Trade creditors 35,600 36,070
Taxation and social security 2,365 2,417
Other creditors 49,246 50,119
168,224 176,424

Upton-by-Chester Golf Club Limited (Registered number: 00702799)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 153,932 183,381
Finance leases 84,703 110,494
238,635 293,875

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 15,121

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 189,689 225,446
Finance leases 129,959 156,247
319,648 381,693

The bank overdraft and bank loan are secured by way of legal charges over freehold property owned by the Club.

9. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 775,910

10. RELATED PARTY DISCLOSURES

During the year, N A Sargent was paid £42,111 (2022: £40,848) in fees and commission for his services as Club Professional.