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REGISTERED NUMBER: 00098139 (England and Wales)












NEW ZEALAND GOLF CLUB LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






NEW ZEALAND GOLF CLUB LTD (REGISTERED NUMBER: 00098139)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEW ZEALAND GOLF CLUB LTD

COMPANY INFORMATION
for the year ended 31 May 2023







DIRECTORS: M T Burnyeat Esq
J N Green Esq
Dr M I Criswell
B St G MacDowel Esq
T J Peach Esq
S B Pritchett-Brown Esq
D E Willmott Esq
J C F Hanham Esq





SECRETARY: A J O Stewart-Wilson Esq





REGISTERED OFFICE: Woodham Lane
Addlestone
Surrey
KT15 3QD





REGISTERED NUMBER: 00098139 (England and Wales)





AUDITOR: Shaw Gibbs Audit Ltd
264 Banbury Road
Oxford
Oxfordshire
OX2 7DY

NEW ZEALAND GOLF CLUB LTD (REGISTERED NUMBER: 00098139)

BALANCE SHEET
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 857,619 843,327

CURRENT ASSETS
Stocks 5 75,607 37,815
Debtors 6 101,904 95,668
Cash at bank and in hand 1,088,557 1,081,471
1,266,068 1,214,954
CREDITORS
Amounts falling due within one year 7 (547,409 ) (477,962 )
NET CURRENT ASSETS 718,659 736,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,576,278

1,580,319

CAPITAL AND RESERVES
Called up share capital 8 48,303 48,003
Capital redemption reserve 9 26,355 24,755
Retained earnings 9 1,501,620 1,507,561
SHAREHOLDERS' FUNDS 1,576,278 1,580,319

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 1 November 2023 and were signed on its behalf by:




M T Burnyeat Esq - Director



J N Green Esq - Director


NEW ZEALAND GOLF CLUB LTD (REGISTERED NUMBER: 00098139)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2023

1. STATUTORY INFORMATION

New Zealand Golf Club Ltd 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.

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

Grants
Incoming grants are included in the accounts when they are received

Tangible fixed assets
Land and buildings are shown at original historical cost or subsequent valuation. Property additions since the last revaluation and plant and equipment are stated at cost. Refurbishment expenditure on the freehold properties is written off in the year it is incurred.

Depreciation is provided at rates calculated to write off the cost or valuation of the fixed assets on a straight line basis over their estimated useful lives as follows:

Freehold property 50 years (2% per annum)
Plant and implements 5 years (20% per annum)
Furniture, equipment and outbuildings 10 years (10% per annum)

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

Taxation
Corporation tax has been provided on taxable income at the current rate in force.

Pension
Pension contributions are charged to the profit and loss account so as to spread the cost of the pensions over the employees' working lives with the company. These contributions are invested separately from the company's assets.

Artisans subscriptions
Subscriptions for Artisans cover the calendar year and are included in the income of the club on the basis of the club's year. In previous years it was recognised on a receipts basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 22 ) .

NEW ZEALAND GOLF CLUB LTD (REGISTERED NUMBER: 00098139)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Course Plant and and
property Improvements machinery fittings Totals
£    £    £    £    £   
COST
At 1 June 2022 373,024 448,571 533,477 409,157 1,764,229
Additions 28,967 58,896 37,460 10,573 135,896
Disposals - - - (508 ) (508 )
At 31 May 2023 401,991 507,467 570,937 419,222 1,899,617
DEPRECIATION
At 1 June 2022 101,854 71,717 428,074 319,257 920,902
Charge for year 7,759 48,085 48,523 16,831 121,198
Eliminated on disposal - - - (102 ) (102 )
At 31 May 2023 109,613 119,802 476,597 335,986 1,041,998
NET BOOK VALUE
At 31 May 2023 292,378 387,665 94,340 83,236 857,619
At 31 May 2022 271,170 376,854 105,403 89,900 843,327

5. STOCKS

Stocks comprise the following:
20232022
£ £
Bar stock36,03832,257
Catering stock4,8414,558
Proshop33,727-
Other 1,000 1,000
75,60637,815

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,568 2,149
Club master 61,437 56,423
Prepayments and accrued income 38,899 37,096
101,904 95,668

NEW ZEALAND GOLF CLUB LTD (REGISTERED NUMBER: 00098139)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 56,329 72,501
Social security and other taxes 22,802 13,060
VAT 16,031 5,495
Other creditors 14,541 24,356
Dick Hollins Trust 16,485 -
Accruals and deferred income 21,398 19,948
Deferred subscriptions 399,823 342,602
547,409 477,962

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
46,303 Ordinary £1 46,303 46,403
2,000 Deferred Non Voting £1 2,000 1,600
48,303 48,003

20232022
£ £

Authorised Share Capital
Shares of £1 each52,00052,000






During the year 1,900 new Ordinary shares were issued and 2,000 Ordinary shares were converted to Deferred Non Voting shares. At the next Annual General Meeting a resolution will be proposed to buy back these 2,000 Deferred Non Voting shares. At the previous Annual General Meeting a resolution was passed to buy back 1,600 Deferred Non Voting shares.

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 June 2022 1,507,561 24,755 1,532,316
Deficit for the year (4,341 ) (4,341 )
Purchase of own shares (1,600 ) 1,600 -
At 31 May 2023 1,501,620 26,355 1,527,975

NEW ZEALAND GOLF CLUB LTD (REGISTERED NUMBER: 00098139)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Lance Redman Senior Statutory Auditor
for and on behalf of Shaw Gibbs Audit Ltd

11. CAPITAL COMMITMENTS

At the balance sheet date the Board had authorised capital expenditure of £nil (2022: £nil).

20232022
£ £

Contractednilnil