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REGISTERED NUMBER: 00263620 (England and Wales)















MOOR HALL GOLF CLUB LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






MOOR HALL GOLF CLUB LIMITED (REGISTERED NUMBER: 00263620)






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


MOOR HALL GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: N J Keegan
A M Sanders
A Youngman
C Clark
R J Morgan
T Regan
F Longbottom
A N Burns
S J Wynn
J P Murray


SECRETARY: F Longbottom


REGISTERED OFFICE: Moor Hall Golf Club House
Sutton Coldfield
West Midlands
B75 6LN


REGISTERED NUMBER: 00263620 (England and Wales)


AUDITORS: Harwoods
(Statutory auditor)
1 Trinity Place
Midland Drive
Sutton Coldfield
West Midlands
B72 1TX


BANKERS: Lloyds Bank Plc
9 Birmingham Road
Sutton Coldfield
B72 1QA

MOOR HALL GOLF CLUB LIMITED (REGISTERED NUMBER: 00263620)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,139,763 1,102,729

CURRENT ASSETS
Stocks 9,487 10,098
Debtors 5 298,789 127,251
Cash at bank and in hand 549,749 788,891
858,025 926,240
CREDITORS
Amounts falling due within one year 6 1,189,797 1,270,054
NET CURRENT LIABILITIES (331,772 ) (343,814 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

807,991

758,915

CREDITORS
Amounts falling due after more than one
year

7

150,687

146,097
NET ASSETS 657,304 612,818

RESERVES
Retained earnings 657,304 612,818
MEMBERS' FUNDS 657,304 612,818

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by:





A M Sanders - Director


MOOR HALL GOLF CLUB LIMITED (REGISTERED NUMBER: 00263620)

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

1. STATUTORY INFORMATION

Moor Hall 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.

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


The financial statements are rounded to the nearest £1.

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 have been prepared on a going concern basis, are presented in sterling which is the functional currency of the company and are rounded to the nearest £.

Management have determined that there are no material uncertainties in relation to going concern by considering future cash flows, liquidity and borrowing facilities.

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.

The company's turnover represents the value, exceeding value added tax, of subscriptions, entrance fees, bar sales, green fees and other sundry receipts receivable in respect of the year during the year.

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 - 2% on cost and Straight line over 20 years
Plant and machinery etc - 33% on cost, 25% on cost, 20% on cost and 10% on cost

Land and buildings amounting to £188,010 has been held at it's 1978 cost and has not been depreciated.

Expenditure on any major course re-development is to be depreciated over 20 years on a straight line basis.

Expenditure on any clubhouse refurbishment will not be capitalised as this is considered to be substantially of a refurbishment nature.

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 company is formed to promote the common interests of its members and derives its funds from annual subscriptions and charges paid by its members. Consequently, for taxation purposes, it is a non-trading concern and thus outside the scope of taxation provision on its operating surplus or deficit. However the company is liable to corporation tax on any investment income received. No provision is required for deferred taxation.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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.

MOOR HALL GOLF CLUB LIMITED (REGISTERED NUMBER: 00263620)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 35 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,388,028 1,176,652 2,564,680
Additions 117,924 59,480 177,404
Disposals - (205,343 ) (205,343 )
At 31 March 2024 1,505,952 1,030,789 2,536,741
DEPRECIATION
At 1 April 2023 472,071 989,880 1,461,951
Charge for year 41,631 46,161 87,792
Eliminated on disposal - (152,765 ) (152,765 )
At 31 March 2024 513,702 883,276 1,396,978
NET BOOK VALUE
At 31 March 2024 992,250 147,513 1,139,763
At 31 March 2023 915,957 186,772 1,102,729

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,080 -
Other debtors 296,709 127,251
298,789 127,251

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,087 24,087
Finance leases (see note 8) 9,100 46,800
Trade creditors 57,286 96,951
Taxation and social security 18,292 32,818
Other creditors 1,081,032 1,069,398
1,189,797 1,270,054

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 122,010 146,097
Finance leases (see note 8) 28,677 -
150,687 146,097

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 14,463 38,550

MOOR HALL GOLF CLUB LIMITED (REGISTERED NUMBER: 00263620)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2024 2023
£    £   
Net obligations repayable:
Within one year 9,100 46,800
Between one and five years 28,677 -
37,777 46,800

Non-cancellable operating leases
2024 2023
£    £   
Within one year 65,567 4,297
Between one and five years 202,466 -
268,033 4,297

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 146,097 170,184
Finance leases 37,777 46,800
183,874 216,984

Lloyds Bank plc. have a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

The finance lease is secured on the related assets.

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

The Report of the Auditors was unqualified.

Adam Bexon MChem FCA (Senior Statutory Auditor)
for and on behalf of Harwoods

11. PENSION COMMITMENTS

The pension cost charge represents contributions payable by the company regarding the pension amounting to £14,444 (2023 - £12,233). Contributions totalling £5,095 (2023 - £2,506) were payable to the fund at the balance sheet date.

12. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 238,961 -

13. RELATED PARTY DISCLOSURES

During the year the directors received a total of £8,019 (2023 - £6,649) to cover expenditure incurred in performance of their duties. At the balance sheet £nil was due to the directors (2023 - £nil).

MOOR HALL GOLF CLUB LIMITED (REGISTERED NUMBER: 00263620)

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

14. LIMITED BY GUARANTEE

Each member of the company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.

15. CONTINGENT ASSETS AND LIABILITIES

The maintenance of Moor Hall Drive is the responsibility of the company, however the company has entered into an agreement with Moor Hall Hotel Limited and with the residents of Moor Hall Drive whereby they and the company will contribute monies into a fund each year and that fund will meet the costs of any drive maintenance.

At 31st March 2024 the fund stood at £191,823 (2023 - £211,842). Neither the fund movements or balance sheet have been included in the financial statements, although the company's annual contribution is included. Funds can only be withdrawn on the agreement of all parties to the arrangement.