MARLAND GOLF C.I.C.

Company Registration Number:
11911212 (England and Wales)

Unaudited statutory accounts for the year ended 29 March 2023

Period of accounts

Start date: 31 March 2022

End date: 29 March 2023

MARLAND GOLF C.I.C.

Contents of the Financial Statements

for the Period Ended 29 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MARLAND GOLF C.I.C.

Directors' report period ended 29 March 2023

The directors present their report with the financial statements of the company for the period ended 29 March 2023

Directors

The directors shown below have held office during the whole of the period from
31 March 2022 to 29 March 2023

J Jackson
A Terry


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 November 2023

And signed on behalf of the board by:
Name: J Jackson
Status: Director

MARLAND GOLF C.I.C.

Profit And Loss Account

for the Period Ended 29 March 2023

2023 2022


£

£
Turnover: 261,372 225,774
Cost of sales: ( 131,868 ) ( 151,494 )
Gross profit(or loss): 129,504 74,280
Administrative expenses: ( 132,737 ) ( 122,926 )
Other operating income: 46,771
Operating profit(or loss): (3,233) (1,875)
Interest receivable and similar income: 33
Profit(or loss) before tax: (3,233) (1,842)
Tax: ( 1,411 ) ( 7,162 )
Profit(or loss) for the financial year: (4,644) (9,004)

MARLAND GOLF C.I.C.

Balance sheet

As at 29 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 65,810 91,630
Total fixed assets: 65,810 91,630
Current assets
Debtors: 4 5,884 5,416
Cash at bank and in hand: 21,302 63,013
Total current assets: 27,186 68,429
Creditors: amounts falling due within one year: 5 ( 13,390 ) ( 66,271 )
Net current assets (liabilities): 13,796 2,158
Total assets less current liabilities: 79,606 93,788
Creditors: amounts falling due after more than one year: 6 ( 43,197 ) ( 50,000 )
Provision for liabilities: ( 14,675 ) ( 17,410 )
Total net assets (liabilities): 21,734 26,378
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 21,732 26,376
Total Shareholders' funds: 21,734 26,378

The notes form part of these financial statements

MARLAND GOLF C.I.C.

Balance sheet statements

For the year ending 29 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.

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

This report was approved by the board of directors on 28 November 2023
and signed on behalf of the board by:

Name: J Jackson
Status: Director

The notes form part of these financial statements

MARLAND GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    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 policy

    Depreciation is provided at the rate of 20% on cost in order to write off each asset over its estimated useful life.

    Other accounting policies

    Basis of preparing the financial statementsThese 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.TaxationTaxation 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 taxDeferred 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 commitmentsRentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.Pension costs and other post-retirement benefitsThe 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.

MARLAND GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 8 9

MARLAND GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 March 2022 38,183 1,665 3,574 89,000 132,422
Additions 19,776 839 1,073 21,688
Disposals ( 42,000 ) ( 42,000 )
Revaluations
Transfers
At 29 March 2023 57,959 2,504 4,647 47,000 112,110
Depreciation
At 31 March 2022 12,732 577 1,283 26,200 40,792
Charge for year 11,592 501 815 9,400 22,308
On disposals ( 16,800 ) ( 16,800 )
Other adjustments
At 29 March 2023 24,324 1,078 2,098 18,800 46,300
Net book value
At 29 March 2023 33,635 1,426 2,549 28,200 65,810
At 30 March 2022 25,451 1,088 2,291 62,800 91,630

MARLAND GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2023

4. Debtors

2023 2022
£ £
Trade debtors 4,800 4,800
Prepayments and accrued income 1,084 616
Total 5,884 5,416

MARLAND GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 6,695 1,017
Accruals and deferred income 6,666 3,225
Other creditors 29 62,029
Total 13,390 66,271

MARLAND GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 29 March 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 43,197 50,000
Total 43,197 50,000

COMMUNITY INTEREST ANNUAL REPORT

MARLAND GOLF C.I.C.

Company Number: 11911212 (England and Wales)

Year Ending: 29 March 2023

Company activities and impact

Marland Golf CIC continued to operate Marland Golf Course situated in Springfield Park, Rochdale. The focus of MG CIC is on making golf accessible to ALL and to encourage more local residents to enjoy the benefits of golf as an outdoor activity across ALL age groups.2022/23 saw the removal of covid restrictionsBenefits to the local community;PandemicOperations returned to normal end of 2022 into 2023Best Value GolfMarland Golf CIC made its first price increase for green fees and season tickets off the back of high inflation increasing the price of all raw materials including fuel, fertilizer and parts.Course ImprovementsThe focus for the course was a refresh of machinery and new greens mower and rough mower were purchased to support the new greenkeeper team.Outreach ProgramThe junior academy continued to grow this year and further community outreach took place with SEN sessions provided on the mini golf course and in the simulator. Great thanks continues to RR Golf for their continued support in providing most of our outreach sessions

Consultation with stakeholders

Marland Golf CIC Stakeholders;Rochdale Borough CouncilLink 4 Life Leisure TrustSpringfield Park Golf Club Men’s and LadiesMarland Golf Course usersSpringfield Park usersRochdale Borough Council We continued to work on the key pillars of success-maintain a value for money golf course open to all local residents. -conduct outreach to encourage higher participation and utilization-offer free junior golf and lessons. Link 4 Life Leisure TrustL4L continued to support via equipment leasing Springfield Park Golf Cub Men’s and LadiesSPGC Men’s and Ladies members continue to hold competitions on the golf course on weekends.Marland Golf Course usersSocial media accounts on popular channels now have over 3,600 followers in the first 4years of opening.This has been the primary source for feedback on the work taking place at Marland Golf CIC, the feedback has been overwhelmingly positive.Springfield Park Users We continue to receive fantastic support from the ‘Friends of The Park” and MG CIC continues to complete planned maintenance on the running track at cost to try to support other community groups.

Directors' remuneration

Director’s remuneration for the year was in line with other Directors of golf operators and access to the company pension scheme in line with all employees who are members of the company pension scheme.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed”A company vehicle continued to be provided to support long-distance travel to and from the course

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 November 2023

And signed on behalf of the board by:
Name: J Jackson
Status: Director