SOMERSET GOLF CLUB LIMITED

Company Registration Number:
06848936 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

SOMERSET GOLF CLUB LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

SOMERSET GOLF CLUB LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,363,632 1,360,694
Total fixed assets: 1,363,632 1,360,694
Current assets
Stocks: 30,164 34,165
Debtors:   320,259 520,147
Cash at bank and in hand: 220,624 168,285
Total current assets: 571,047 722,597
Creditors: amounts falling due within one year: 4 (143,607) (292,788)
Net current assets (liabilities): 427,440 429,809
Total assets less current liabilities: 1,791,072 1,790,503
Provision for liabilities: (7,665) (7,665)
Total net assets (liabilities): 1,783,407 1,782,838
Capital and reserves
Called up share capital: 1,248,818 1,248,818
Revaluation reserve:5404,038404,038
Profit and loss account: 130,551 129,982
Shareholders funds: 1,783,407 1,782,838

The notes form part of these financial statements

SOMERSET GOLF CLUB LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 July 2023
and signed on behalf of the board by:

Name: Mr C Newby-Vincent
Status: Director

The notes form part of these financial statements

SOMERSET GOLF CLUB LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the Company, net of value added tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over their expected useful life as follows:Freehold property : NilMotor vehicles : 10% reducing balance basisOffice equipment: 15% reducing balance basisPlant and equipment: 15% reducing balance basisFixtures fittings and equipment: 15% reducing balance basis

Valuation and information policy

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Other accounting policies

Provision is made for taxation deferred as a result of timing differences between the incidence of income and expenditure for taxation and accounts purposes, using the liability method only to the extent that in the opinion of the directors there is a reasonable probability that a liability of asset will crystallise in the near future.

SOMERSET GOLF CLUB LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 23 21

SOMERSET GOLF CLUB LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 1,686,897
Additions 21,754
At 31 March 2023 1,708,651
Depreciation
At 01 April 2022 326,203
Charge for year 18,816
At 31 March 2023 345,019
Net book value
At 31 March 2023 1,363,632
At 31 March 2022 1,360,694

SOMERSET GOLF CLUB LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

2023:Trade creditors £52,586Social security and other taxes £11,160Other creditors £79,861Total £143,6072022:Trade creditors £74,071Social security and other taxes £68,670Other creditors £150,047Total £292,788

SOMERSET GOLF CLUB LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Revaluation reserve

2023
£
Balance at 01 April 2022 404,038
Surplus or deficit after revaluation 0
Balance at 31 March 2023 404,038