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REGISTERED NUMBER: 00121441 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

REDDISH VALE GOLF CLUB COMPANY LIMITED

REDDISH VALE GOLF CLUB COMPANY LIMITED (REGISTERED NUMBER: 00121441)






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




Page

Company information 1

Directors' responsibilities statement 2

Independent chartered accountants' review report 3

Balance sheet 4

Notes to the financial statements 6


REDDISH VALE GOLF CLUB COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: T E Bate
C Barr
L Costello
D Ibbotson
A Booth
R Renshaw





SECRETARY: A Booth





REGISTERED OFFICE: Southcliffe Road
Reddish
Stockport
SK5 7EP





REGISTERED NUMBER: 00121441 (England and Wales)





ACCOUNTANTS: Hunter & Co.
Chartered Accountants
415 Blackburn Road
Bolton
BL1 8NJ

DIRECTORS' RESPONSIBILITIES STATEMENT
ON THE UNAUDITED FINANCIAL STATEMENTS OF
REDDISH VALE GOLF CLUB COMPANY LIMITED


The following reproduces the text of the report prepared for the directors and members 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 Balance sheet. 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 confirm that as directors we have met our duty in accordance with the Companies Act 2006 to:

- ensure that the company has kept proper accounting records;
- prepare financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2023 and of its loss for that period in accordance with United Kingdom Generally Accepted Accounting Practice; and
- follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements.


ON BEHALF OF THE BOARD:




R Renshaw - Director



A Booth - Director

21 March 2024

INDEPENDENT CHARTERED ACCOUNTANTS' REVIEW REPORT TO THE DIRECTORS OF
REDDISH VALE GOLF CLUB COMPANY 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 Balance sheet. 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 Reddish Vale Golf Club Company Limited for the year ended 31 December 2023, which comprise the Income statement, Balance sheet and the related notes 1 to 12. 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 our engagement letter 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 the conclusions we have formed.

Directors' responsibility for the financial statements
As explained more fully in the Directors' responsibilities statement set out on page three, 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 based on our review of 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 'Assurance review engagements on historical financial statements'. ISRE 2400 also requires us to comply with the ICAEW Code of Ethics.

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 to those required under a compilation engagement. These primarily consist 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 and Ireland). 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 loss 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.




Hunter & Co.
Chartered Accountants
415 Blackburn Road
Bolton
BL1 8NJ


21 March 2024

REDDISH VALE GOLF CLUB COMPANY LIMITED (REGISTERED NUMBER: 00121441)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 317,592 325,358
Investments 5 1 1
317,593 325,359

CURRENT ASSETS
Debtors 6 28,305 20,493
Cash at bank and in hand 6,800 25,652
35,105 46,145
CREDITORS
Amounts falling due within one year 7 (154,364 ) (127,510 )
NET CURRENT LIABILITIES (119,259 ) (81,365 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,334

243,994

CREDITORS
Amounts falling due after more than one
year

8

(26,493

)

(48,365

)
NET ASSETS 171,841 195,629

CAPITAL AND RESERVES
Called up share capital 2,265 2,265
Retained earnings 169,576 193,364
SHAREHOLDERS' FUNDS 171,841 195,629

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 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.

REDDISH VALE GOLF CLUB COMPANY LIMITED (REGISTERED NUMBER: 00121441)

BALANCE SHEET - continued
31 DECEMBER 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2024 and were signed on its behalf by:




R Renshaw - Director



A Booth - Director


REDDISH VALE GOLF CLUB COMPANY LIMITED (REGISTERED NUMBER: 00121441)

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

1. STATUTORY INFORMATION

Reddish Vale Golf Club Company 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.

Going concern
The directors believe that the company is experiencing good levels of growth and will return to profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Income recognition
Revenue is the amount derived from ordinary activities which principally includes members subscriptions, green fees and other golf related activities. It is measured at the fair value of the consideration received or receivable, and is stated net of VAT.

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.
Land and buildings - 1% on cost
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals 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 benefits
The 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 7 ) .

REDDISH VALE GOLF CLUB COMPANY LIMITED (REGISTERED NUMBER: 00121441)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 291,181 545,247 836,428
Additions 25,329 12,180 37,509
At 31 December 2023 316,510 557,427 873,937
DEPRECIATION
At 1 January 2023 82,002 429,068 511,070
Charge for year 6,453 38,822 45,275
At 31 December 2023 88,455 467,890 556,345
NET BOOK VALUE
At 31 December 2023 228,055 89,537 317,592
At 31 December 2022 209,179 116,179 325,358

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 91,540
Reclassification/transfer (21,040 )
At 31 December 2023 70,500
DEPRECIATION
At 1 January 2023 18,449
Charge for year 21,453
Reclassification/transfer (17,468 )
At 31 December 2023 22,434
NET BOOK VALUE
At 31 December 2023 48,066
At 31 December 2022 73,091

REDDISH VALE GOLF CLUB COMPANY LIMITED (REGISTERED NUMBER: 00121441)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,899 4,896
Other debtors 15,406 15,597
28,305 20,493

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 12,127 14,211
Trade creditors 15,443 16,648
Amounts owed to group undertakings 10,784 1,938
Taxation and social security 13,960 13,161
Other creditors 92,050 71,552
154,364 127,510

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,833 25,833
Hire purchase contracts (see note 9) 10,660 22,532
26,493 48,365

REDDISH VALE GOLF CLUB COMPANY LIMITED (REGISTERED NUMBER: 00121441)

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

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 12,127 14,211
Between one and five years 10,660 22,532
22,787 36,743

Non-cancellable operating leases
2023 2022
£    £   
Within one year 6,358 -
Between one and five years 19,605 -
25,963 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 22,787 36,743