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REGISTERED NUMBER: 11411499 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

ARSCOTT GOLF CLUB LIMITED

ARSCOTT GOLF CLUB LIMITED (REGISTERED NUMBER: 11411499)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ARSCOTT GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: R P Buckley
J N Jones
S H Turner
Ms B Parnell
C E Brace
Mrs J Chaff
G J Sadd





REGISTERED OFFICE: Arscott Golf Club
Arscott
Pontesbury
Shrewsbury
Shropshire
SY5 0XP





REGISTERED NUMBER: 11411499 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL

ARSCOTT GOLF CLUB LIMITED (REGISTERED NUMBER: 11411499)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 134,839 114,976

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 6 2,441 1,751
Cash at bank and in hand 265,715 251,783
270,656 256,034
CREDITORS
Amounts falling due within one year 7 159,098 155,521
NET CURRENT ASSETS 111,558 100,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,397

215,489

CREDITORS
Amounts falling due after more than one
year

8

-

5,284
NET ASSETS 246,397 210,205

RESERVES
Income and expenditure account 246,397 210,205
246,397 210,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 surplus or deficit 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.

ARSCOTT GOLF CLUB LIMITED (REGISTERED NUMBER: 11411499)

BALANCE SHEET - continued
31 JULY 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 20 December 2023 and were signed on its behalf by:





Ms B Parnell - Director


ARSCOTT GOLF CLUB LIMITED (REGISTERED NUMBER: 11411499)

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

1. STATUTORY INFORMATION

Arscott 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. STATEMENT OF COMPLIANCE

The 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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost conversation.

The financial statements are for the individual entity only.

The financial statements are presented in sterling (£), rounded to the nearest £1.

Turnover
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 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.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 15% on cost

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

Taxation
The organisation is a registered community amateur sports club and therefore is not subject to corporation tax on any surplus or deficit arisen during the year.

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 surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 19 ) .

ARSCOTT GOLF CLUB LIMITED (REGISTERED NUMBER: 11411499)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 30,385 150,708 8,247 2,850 192,190
Additions - 49,728 - - 49,728
At 31 July 2023 30,385 200,436 8,247 2,850 241,918
DEPRECIATION
At 1 August 2022 - 71,725 4,191 1,298 77,214
Charge for year - 28,200 1,237 428 29,865
At 31 July 2023 - 99,925 5,428 1,726 107,079
NET BOOK VALUE
At 31 July 2023 30,385 100,511 2,819 1,124 134,839
At 31 July 2022 30,385 78,983 4,056 1,552 114,976

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2022
and 31 July 2023 107,713
DEPRECIATION
At 1 August 2022 32,262
Charge for year 16,131
At 31 July 2023 48,393
NET BOOK VALUE
At 31 July 2023 59,320
At 31 July 2022 75,451

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 158 -
Prepayments and accrued income 2,283 1,751
2,441 1,751

ARSCOTT GOLF CLUB LIMITED (REGISTERED NUMBER: 11411499)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 5,284 19,348
Trade creditors 7,707 10,966
Social security and other taxes 392 1,838
VAT 8,659 8,106
Other creditors 5,231 5,607
Directors' current accounts 2,835 -
Accruals and deferred income 128,990 109,656
159,098 155,521

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts - 5,284

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts 5,284 24,632

Hire purchase liabilities are secured against the assets to which they relate.

10. RELATED PARTY DISCLOSURES

During the year, the company made purchases from a director totalling £21,581 (2022: £nil). Included in creditors due within one year is a balance of £2,835 (2022: £nil) due to a director.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ARSCOTT GOLF CLUB 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Arscott Golf Club Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Arscott Golf Club Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Arscott Golf Club Limited and state those matters that we have agreed to state to the Board of Directors of Arscott Golf Club Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arscott Golf Club Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Arscott Golf Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Arscott Golf Club Limited. You consider that Arscott Golf Club Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Arscott Golf Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D.R.E. & Co. Limited
Chartered Accountants
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL


20 December 2023