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REGISTERED NUMBER: 00966137 (England and Wales)














CRANBROOK GOLF CLUB LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CRANBROOK GOLF CLUB LIMITED (REGISTERED NUMBER: 00966137)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


CRANBROOK GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr P H Wilcock
Ms J E Wilcock





SECRETARY: Mr P H Wilcock





REGISTERED OFFICE: Farningham Farm
Golford Road
Cranbrook
Kent
TN17 4AL





REGISTERED NUMBER: 00966137 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ

CRANBROOK GOLF CLUB LIMITED (REGISTERED NUMBER: 00966137)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,238,181 1,239,665

CURRENT ASSETS
Debtors 5 - 9,144
Cash at bank 482,957 495,378
482,957 504,522
CREDITORS
Amounts falling due within one year 6 972 840
NET CURRENT ASSETS 481,985 503,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,720,166

1,743,347

PROVISIONS FOR LIABILITIES 101,512 164,533
NET ASSETS 1,618,654 1,578,814

CAPITAL AND RESERVES
Called up share capital 7 14,727 14,727
Revaluation reserve 8 700,185 700,185
Retained earnings 903,742 863,902
SHAREHOLDERS' FUNDS 1,618,654 1,578,814

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

The members have not required the company to obtain an audit of its financial statements for the year 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 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.

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 25 July 2024 and were signed on its behalf by:




Mr P H Wilcock - Director


CRANBROOK GOLF CLUB LIMITED (REGISTERED NUMBER: 00966137)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Cranbrook Golf Club 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 as modified by the revaluation of certain assets.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

Freehold property is not depreciated in the financial statements, this is revalued at its market value by the directors on an annual basis.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

CRANBROOK GOLF CLUB LIMITED (REGISTERED NUMBER: 00966137)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 1,237,000 70,409 1,307,409
Additions - 1,575 1,575
At 31 March 2024 1,237,000 71,984 1,308,984
DEPRECIATION
At 1 April 2023 - 67,744 67,744
Charge for year - 3,059 3,059
At 31 March 2024 - 70,803 70,803
NET BOOK VALUE
At 31 March 2024 1,237,000 1,181 1,238,181
At 31 March 2023 1,237,000 2,665 1,239,665

Cost or valuation at 31 March 2024 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 1988 789,913 - 789,913
Valuation in 1992 414,449 - 414,449
Valuation in 2022 (339,936 ) - (339,936 )
Cost 372,574 71,984 444,558
1,237,000 71,984 1,308,984

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 372,574 372,574

Value of land in freehold land and buildings 372,574 372,574

Freehold land and buildings were valued on an open market basis on 31 March 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 9,144

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 972 840

CRANBROOK GOLF CLUB LIMITED (REGISTERED NUMBER: 00966137)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
14,727 Ordinary 1 14,727 14,727

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 700,185

The freehold land and buildings are included at open market value at 31 March 2024 and the revaluation reserve is reflected in the accounts net of the attributable deferred tax.