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REGISTERED NUMBER: 05973415 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Hintlesham Golf Club Limited

Hintlesham Golf Club Limited (Registered number: 05973415)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hintlesham Golf Club Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: H E Roblin
Mrs D J Roblin





REGISTERED OFFICE: The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 05973415 (England and Wales)





ACCOUNTANTS: Fisher Michael
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Hintlesham Golf Club Limited (Registered number: 05973415)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,333 18,333
Tangible assets 5 1,326,328 1,241,991
1,339,661 1,260,324

CURRENT ASSETS
Stocks 44,938 50,524
Debtors 6 19,237 22,894
Cash at bank and in hand 202,933 214,388
267,108 287,806
CREDITORS
Amounts falling due within one year 7 631,633 617,990
NET CURRENT LIABILITIES (364,525 ) (330,184 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

975,136

930,140

CREDITORS
Amounts falling due after more than one year 8 (567,804 ) (634,838 )

PROVISIONS FOR LIABILITIES (74,000 ) (51,000 )
NET ASSETS 333,332 244,302

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 175,000 175,000
Retained earnings 157,332 68,302
SHAREHOLDERS' FUNDS 333,332 244,302

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.

Hintlesham Golf Club Limited (Registered number: 05973415)

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 7 August 2024 and were signed on its behalf by:





H E Roblin - Director


Hintlesham Golf Club Limited (Registered number: 05973415)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hintlesham 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company is not part of a group.

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.

Significant judgements and estimates
No significant judgements or estimates have been applied in the preparation of the financial statements.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are initially measured at original cost or in the case of freehold property at historic revaluation. After initial recognition, tangible fixed assets are measured using the cost model less any accumulated depreciation and any accumulated impairment losses.

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

Freehold land - Nil
Buildings - 2% or 5% on cost and over 15 years straight line according to the type of asset
Plant and machinery etc - 33% on cost and 15% or 25% on reducing balance according to the type of asset

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

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.


Hintlesham Golf Club Limited (Registered number: 05973415)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account 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
Short term debtors are measured at the transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Other financial liabilities, including bank loans are also measured at transaction price since the difference between this basis and the amortised cost basis is not material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 38 ) .

Hintlesham Golf Club Limited (Registered number: 05973415)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023 81,667
Charge for year 5,000
At 31 March 2024 86,667
NET BOOK VALUE
At 31 March 2024 13,333
At 31 March 2023 18,333

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,156,422 795,489 1,951,911
Additions - 180,756 180,756
Disposals (1,646 ) (110,231 ) (111,877 )
At 31 March 2024 1,154,776 866,014 2,020,790
DEPRECIATION
At 1 April 2023 190,809 519,111 709,920
Charge for year 11,204 77,748 88,952
Eliminated on disposal (1,646 ) (102,764 ) (104,410 )
At 31 March 2024 200,367 494,095 694,462
NET BOOK VALUE
At 31 March 2024 954,409 371,919 1,326,328
At 31 March 2023 965,613 276,378 1,241,991

Included in the above are fixed assets held under hire purchase agreements with a net book value of £169,218 (2023: £163,032) and depreciation charged to the profit and loss account of £49,382 (2023: £45,228).

Hintlesham Golf Club Limited (Registered number: 05973415)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,091 7,854
Other debtors 16,146 15,040
19,237 22,894

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,819 49,044
Hire purchase contracts 47,938 44,750
Trade creditors 108,687 92,222
Taxation and social security 52,109 60,851
Other creditors 372,080 371,123
631,633 617,990

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 178,207 229,026
Hire purchase contracts 106,002 107,217
Other creditors 283,595 298,595
567,804 634,838

Amounts falling due in more than five years:

Repayable by instalments
in more than 5 years 178,207 229,026

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 229,026 278,070
Hire purchase contracts 153,940 151,967
382,966 430,037

The bank loans are secured by a legal mortgage over the freehold property and a fixed charge over the remaining assets of the company.

The hire purchase creditors are secured by the underlying assets.