IRIS Accounts Production v24.1.9.2 00125784 Board of Directors 1.11.22 31.10.23 31.10.23 7/2/24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh001257842022-10-31001257842023-10-31001257842022-11-012023-10-31001257842021-10-31001257842021-11-012022-10-31001257842022-10-3100125784ns15:EnglandWales2022-11-012023-10-3100125784ns14:PoundSterling2022-11-012023-10-3100125784ns10:Director12022-11-012023-10-3100125784ns10:CompanyLimitedByGuarantee2022-11-012023-10-3100125784ns10:SmallEntities2022-11-012023-10-3100125784ns10:Audited2022-11-012023-10-3100125784ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3100125784ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3100125784ns10:FullAccounts2022-11-012023-10-3100125784ns5:CurrentFinancialInstruments2023-10-3100125784ns5:CurrentFinancialInstruments2022-10-3100125784ns5:RetainedEarningsAccumulatedLosses2023-10-3100125784ns5:RetainedEarningsAccumulatedLosses2022-10-3100125784ns10:RegisteredOffice2022-11-012023-10-3100125784ns5:LandBuildings2022-10-3100125784ns5:LeaseholdImprovements2022-10-3100125784ns5:PlantMachinery2022-10-3100125784ns5:LandBuildings2022-11-012023-10-3100125784ns5:LeaseholdImprovements2022-11-012023-10-3100125784ns5:PlantMachinery2022-11-012023-10-3100125784ns5:LandBuildings2023-10-3100125784ns5:LeaseholdImprovements2023-10-3100125784ns5:PlantMachinery2023-10-3100125784ns5:LandBuildings2022-10-3100125784ns5:LeaseholdImprovements2022-10-3100125784ns5:PlantMachinery2022-10-3100125784ns5:FurnitureFittings2022-10-3100125784ns5:ComputerEquipment2022-10-3100125784ns5:FurnitureFittings2022-11-012023-10-3100125784ns5:ComputerEquipment2022-11-012023-10-3100125784ns5:FurnitureFittings2023-10-3100125784ns5:ComputerEquipment2023-10-3100125784ns5:FurnitureFittings2022-10-3100125784ns5:ComputerEquipment2022-10-3100125784ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3100125784ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: 00125784 (England and Wales)










GARFORTH GOLF CLUB,LIMITED(THE)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023






GARFORTH GOLF CLUB,LIMITED(THE) (REGISTERED NUMBER: 00125784)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 5


GARFORTH GOLF CLUB,LIMITED(THE) (REGISTERED NUMBER: 00125784)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,070,715 948,748

CURRENT ASSETS
Stocks 5 8,080 6,831
Debtors 6 34,425 14,067
Cash at bank and in hand 238,097 331,366
280,602 352,264
CREDITORS
Amounts falling due within one year 7 253,372 216,129
NET CURRENT ASSETS 27,230 136,135
TOTAL ASSETS LESS CURRENT LIABILITIES 1,097,945 1,084,883

RESERVES
Income and expenditure account 1,097,945 1,084,883
1,097,945 1,084,883

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 7th February 2024 and were signed on its behalf by:





A Garbutt - Director


GARFORTH GOLF CLUB,LIMITED(THE) (REGISTERED NUMBER: 00125784)

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


1. STATUTORY INFORMATION

Garforth Golf Club,limited(The) is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00125784

Registered office: The Club House
Long Lane
Garforth
Leeds
LS25 2DS

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.

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

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
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land and buildings2% to 5% straight line
Irrigation10% straight line
Plant and machinery20% straight line
Fixtures and fittings20% straight line
Computer equipment33% straight line

Stocks
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. 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.


GARFORTH GOLF CLUB,LIMITED(THE) (REGISTERED NUMBER: 00125784)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 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.

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.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Land and Irrigation Plant and
buildings equipment machinery
£    £    £   
COST
At 1st November 2022 1,311,339 98,947 739,916
Additions 76,593 11,395 67,881
Disposals - - (1,850 )
At 31st October 2023 1,387,932 110,342 805,947
DEPRECIATION
At 1st November 2022 467,356 97,563 646,529
Charge for year 21,957 440 40,631
Eliminated on disposal - - (1,480 )
At 31st October 2023 489,313 98,003 685,680
NET BOOK VALUE
At 31st October 2023 898,619 12,339 120,267
At 31st October 2022 843,983 1,384 93,387

GARFORTH GOLF CLUB,LIMITED(THE) (REGISTERED NUMBER: 00125784)

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


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st November 2022 478,604 27,222 2,656,028
Additions 12,973 26,749 195,591
Disposals - - (1,850 )
At 31st October 2023 491,577 53,971 2,849,769
DEPRECIATION
At 1st November 2022 471,072 24,760 1,707,280
Charge for year 3,867 6,359 73,254
Eliminated on disposal - - (1,480 )
At 31st October 2023 474,939 31,119 1,779,054
NET BOOK VALUE
At 31st October 2023 16,638 22,852 1,070,715
At 31st October 2022 7,532 2,462 948,748

5. STOCKS
2023 2022
£    £   
Bar stock 7,680 6,431
Sundry stock 400 400
8,080 6,831

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 34,425 14,067

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 18,559 9,477
Taxation and social security 28,351 66,746
Other creditors 206,462 139,906
253,372 216,129

GARFORTH GOLF CLUB,LIMITED(THE) (REGISTERED NUMBER: 00125784)

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


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

The Report of the Auditors was unqualified.


The comparative figures have been restated. This has been done as a result of a prior year errors on deferred income, taxes, trade creditors and cash at bank and in hand. Our opinion is not modified in respect of this matter.

Thomas Bond ACA (Senior Statutory Auditor)
for and on behalf of Thomas Coombs Limited