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REGISTERED NUMBER: 14539541 (England and Wales)











EASINGWOLD GOLF CLUB LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024






EASINGWOLD GOLF CLUB LIMITED (REGISTERED NUMBER: 14539541)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


EASINGWOLD GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024







DIRECTORS: W A Bartlett
J P Wake





REGISTERED OFFICE: Stillington Road
Easingwold
York
YO61 3ET





REGISTERED NUMBER: 14539541 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

EASINGWOLD GOLF CLUB LIMITED (REGISTERED NUMBER: 14539541)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 190,769 192,625
Investments 5 2 2
190,771 192,627

CURRENT ASSETS
Stocks 3,337 14,458
Debtors 6 124,483 70,770
Cash at bank 184,755 197,409
312,575 282,637
CREDITORS
Amounts falling due within one year 7 364,428 294,542
NET CURRENT LIABILITIES (51,853 ) (11,905 )
TOTAL ASSETS LESS CURRENT LIABILITIES 138,918 180,722

CREDITORS
Amounts falling due after more than one year 8 3,800 9,946
NET ASSETS 135,118 170,776

RESERVES
Income and expenditure account 135,118 170,776
135,118 170,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

EASINGWOLD GOLF CLUB LIMITED (REGISTERED NUMBER: 14539541)

BALANCE SHEET - continued
31 MARCH 2024


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 2 July 2024 and were signed on its behalf by:





W A Bartlett - Director


EASINGWOLD GOLF CLUB LIMITED (REGISTERED NUMBER: 14539541)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Easingwold Golf Club Limited ("the club") 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
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.

These financial statements cover the 8 month period from 1 August 2023 to 31 March 2024. The comparatives presented cover the 7 month period 1 January 2023 to 31 July 2023 and are not therefore entirely comparable. See note 4 for further details on the comparatives presented. The length of the accounting period was shortened to align the reporting date with the golf membership year.

Merger Accounting
In accordance with the merger accounting rules set out in FRS 102, the comparative amounts presented in the financial statements are those of the club in its previous legal form. Further details are given in Note 4.

Going Concern
The directors have considered the financial position and projections of the club and have a reasonable expectation that the club has adequate resources to continue for the foreseeable future. The club therefore continues to adopt the going concern basis in preparing the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Easingwold Golf Club Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
The club's income represents members subscriptions, temporary members fees and associated goods and services provided by the club during the year, excluding Value Added Tax.
Subscriptions relating to future periods are deferred and held as a liability on the balance sheet at the year end.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on reducing balance and 4% on cost
Plant and machinery etc - 25% straight line and 15% straight line

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

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


EASINGWOLD GOLF CLUB LIMITED (REGISTERED NUMBER: 14539541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 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 club is a registered Community Amateur Sports Club (CASC) and as a CASC, the club would not usually be subject to UK Corporation Tax providing it meets certain criteria.

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 period 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
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Grants receivable
Grants receivable are recognised in the income and expenditure account when the club is fully entitled to the grant. Where there are future performance related conditions attached to the grant, the grant is recognised in income only when these performance related conditions have been met. A grant with no future performance related conditions is recognised when the grant proceeds are received or receivable. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.


.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2023 - 10 ) .

EASINGWOLD GOLF CLUB LIMITED (REGISTERED NUMBER: 14539541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 211,410 208,137 419,547
Additions - 17,799 17,799
At 31 March 2024 211,410 225,936 437,346
DEPRECIATION
At 1 August 2023 72,493 154,429 226,922
Charge for period 4,920 14,735 19,655
At 31 March 2024 77,413 169,164 246,577
NET BOOK VALUE
At 31 March 2024 133,997 56,772 190,769
At 31 July 2023 138,917 53,708 192,625

Included in Course Equipment are assets held under finance leases. The net book value of these assets amounted to £14,204 (2023: £18,939). Deprecation charged on these assets amounted to £4,735 (2023: £4,143).

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 March 2024 2
NET BOOK VALUE
At 31 March 2024 2
At 31 July 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,728 198
Other debtors 54,755 70,572
124,483 70,770

EASINGWOLD GOLF CLUB LIMITED (REGISTERED NUMBER: 14539541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases (see note 9) 7,102 7,102
Trade creditors 26,391 17,835
Taxation and social security 4,974 11,572
Other creditors 325,961 258,033
364,428 294,542

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Finance leases (see note 9) 3,800 9,946

9. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
2024 2023
£    £   
Net obligations repayable:
Within one year 7,102 7,102
Between one and five years 3,800 9,946
10,902 17,048

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Expiring:
Within one year 45,000 45,000
Between one and five years 75,000 115,000
115,000 160,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Finance leases 10,902 17,048

EASINGWOLD GOLF CLUB LIMITED (REGISTERED NUMBER: 14539541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024


11. RELATED PARTY DISCLOSURES

Easingwold Golf Centre Ltd is a 100% subsidiary of Easingwold Golf Club Limited.

During the year, Easingwold Golf Centre Ltd paid £7,000 (2022: £12,000) to Easingwold Golf Club for rent. At the year end the balance owed to Easingwold Golf Club Limited from Easingwold Golf Centre Ltd was £54,632 (2022: Easingwold Golf Club owed Easingwold Golf Centre Ltd £923).