IRIS Accounts Production v24.1.0.578 00137097 Board of Directors 1.1.23 31.12.23 31.12.23 26/2/24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh001370972022-12-31001370972023-12-31001370972023-01-012023-12-31001370972021-12-31001370972022-01-012022-12-31001370972022-12-3100137097ns15:EnglandWales2023-01-012023-12-3100137097ns14:PoundSterling2023-01-012023-12-3100137097ns10:Director12023-01-012023-12-3100137097ns10:CompanyLimitedByGuarantee2023-01-012023-12-3100137097ns10:SmallEntities2023-01-012023-12-3100137097ns10:Audited2023-01-012023-12-3100137097ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3100137097ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100137097ns10:FullAccounts2023-01-012023-12-3100137097ns10:Director22023-01-012023-12-3100137097ns10:Director32023-01-012023-12-3100137097ns10:Director42023-01-012023-12-3100137097ns10:Director52023-01-012023-12-3100137097ns10:Director62023-01-012023-12-3100137097ns10:Director72023-01-012023-12-3100137097ns10:Director122023-01-012023-12-3100137097ns10:Director132023-01-012023-12-3100137097ns10:Director142023-01-012023-12-3100137097ns10:Director152023-01-012023-12-3100137097ns10:CompanySecretary12023-01-012023-12-3100137097ns10:RegisteredOffice2023-01-012023-12-3100137097ns5:CurrentFinancialInstruments2023-12-3100137097ns5:CurrentFinancialInstruments2022-12-3100137097ns5:Non-currentFinancialInstruments2023-12-3100137097ns5:Non-currentFinancialInstruments2022-12-3100137097ns5:RetainedEarningsAccumulatedLosses2023-12-3100137097ns5:RetainedEarningsAccumulatedLosses2022-12-3100137097ns5:LandBuildings2022-12-3100137097ns5:PlantMachinery2022-12-3100137097ns5:FurnitureFittings2022-12-3100137097ns5:ComputerEquipment2022-12-3100137097ns5:LandBuildings2023-01-012023-12-3100137097ns5:PlantMachinery2023-01-012023-12-3100137097ns5:FurnitureFittings2023-01-012023-12-3100137097ns5:ComputerEquipment2023-01-012023-12-3100137097ns5:LandBuildings2023-12-3100137097ns5:PlantMachinery2023-12-3100137097ns5:FurnitureFittings2023-12-3100137097ns5:ComputerEquipment2023-12-3100137097ns5:LandBuildings2022-12-3100137097ns5:PlantMachinery2022-12-3100137097ns5:FurnitureFittings2022-12-3100137097ns5:ComputerEquipment2022-12-3100137097ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3100137097ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3100137097ns5:WithinOneYear2023-12-3100137097ns5:WithinOneYear2022-12-3100137097ns5:BetweenOneFiveYears2023-12-3100137097ns5:BetweenOneFiveYears2022-12-3100137097ns5:MoreThanFiveYears2023-12-3100137097ns5:MoreThanFiveYears2022-12-3100137097ns5:AllPeriods2023-12-3100137097ns5:AllPeriods2022-12-31
REGISTERED NUMBER: 00137097 (England and Wales)










THE FULFORD (YORK) GOLF CLUB LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






THE FULFORD (YORK) GOLF CLUB LIMITED (REGISTERED NUMBER: 00137097)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


THE FULFORD (YORK) GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: W Gradwell
D Low
T Maddison
S L Mendus
D Parkinson
B Pickles
G Wood
J Somerville
C Barrett
T Dobbins
P Pearcy





SECRETARY: A J A Cook





REGISTERED OFFICE: Heslington Lane
York
YO10 5DY





REGISTERED NUMBER: 00137097 (England and Wales)





AUDITORS: Thomas Coombs Limited
Statutory Auditor
Chartered Accountants
3365 The Pentagon
Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB

THE FULFORD (YORK) GOLF CLUB LIMITED (REGISTERED NUMBER: 00137097)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 673,046 671,709

CURRENT ASSETS
Stocks 11,220 10,074
Debtors 5 91,812 56,349
Cash at bank and in hand 618,222 462,087
721,254 528,510
CREDITORS
Amounts falling due within one year 6 472,413 347,395
NET CURRENT ASSETS 248,841 181,115
TOTAL ASSETS LESS CURRENT LIABILITIES 921,887 852,824

CREDITORS
Amounts falling due after more than one year 7 67,115 97,115
NET ASSETS 854,772 755,709

RESERVES
Income and expenditure account 854,772 755,709
854,772 755,709

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 26th February 2024 and were signed on its behalf by:





C Barrett - Director


THE FULFORD (YORK) GOLF CLUB LIMITED (REGISTERED NUMBER: 00137097)

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


1. STATUTORY INFORMATION

The Fulford (York) Golf Club Limited is a private company, limited by guarantee , 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
Basis of preparing the financial statements
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Income represents the amount derived from membership subscription fees receivable and the provisions of goods and services falling within the company's activities after deduction of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Clubhouse improvementsover 10 to 21 years straight line
Course & buildingsover 15 years straight line
Clubhouse equipmentover 3 to 20 years straight line
Course equipmentover 3 to 10 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation 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.


THE FULFORD (YORK) GOLF CLUB LIMITED (REGISTERED NUMBER: 00137097)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred 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 commitments
Rentals paid under operating leases are charged to surplus or deficit 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2022 - 38 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Clubhouse Plant and and Course &
improvements machinery fittings Buildings Totals
£    £    £    £    £   
COST
At 1st January 2023 972,738 832,241 257,416 354,322 2,416,717
Additions - 66,645 8,981 19,914 95,540
At 31st December 2023 972,738 898,886 266,397 374,236 2,512,257
DEPRECIATION
At 1st January 2023 578,146 647,649 227,301 291,912 1,745,008
Charge for year 30,880 47,674 7,178 8,471 94,203
At 31st December 2023 609,026 695,323 234,479 300,383 1,839,211
NET BOOK VALUE
At 31st December 2023 363,712 203,563 31,918 73,853 673,046
At 31st December 2022 394,592 184,592 30,115 62,410 671,709

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,925 381
Other debtors 88,887 55,968
91,812 56,349

THE FULFORD (YORK) GOLF CLUB LIMITED (REGISTERED NUMBER: 00137097)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans 30,000 30,000
Trade creditors 61,397 19,043
Taxation and social security 20,199 17,586
Other creditors 360,817 280,766
472,413 347,395

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 67,115 97,115

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 103,578 104,028
Between one and five years 380,500 391,601
In more than five years - 96,320
484,078 591,949

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

The Report of the Auditors was unqualified.

Stuart Adam FCA (Senior Statutory Auditor)
for and on behalf of Thomas Coombs Limited