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Registered number: 03645176
The Uttoxeter Golf Club Limited
Financial Statements
For The Year Ended 31 December 2023
The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03645176
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 802,343 730,726
802,343 730,726
CURRENT ASSETS
Stocks 5 3,743 4,039
Debtors 6 4,532 4,923
Cash at bank and in hand 59,653 81,948
67,928 90,910
Creditors: Amounts Falling Due Within One Year 7 (111,599 ) (107,751 )
NET CURRENT ASSETS (LIABILITIES) (43,671 ) (16,841 )
TOTAL ASSETS LESS CURRENT LIABILITIES 758,672 713,885
Creditors: Amounts Falling Due After More Than One Year 8 (238,965 ) (122,224 )
NET ASSETS 519,707 591,661
Income and Expenditure Account 519,707 591,661
MEMBERS' FUNDS 519,707 591,661
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr Michael Cleaver
Director
Mrs Susan Jones
Director
Mr Norman Tweddle
Director
Mr Graham Gill
Director
Mr Mark Shaw
Director
Mr Paul Hassall
Director
Ms Elaine Croft
Director
Mr Lee Hill
Director
17th May 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Uttoxeter Golf Club Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 03645176 . The registered office is Wood Lane, Uttoxeter, Staffordshire, ST14 8JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Buildings -
Course land -
Plant & Machinery 20% On Cost
Fixtures & Fittings 25% On Cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income and expenditure account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income and expenditure account as incurred.
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2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 5)
6 5
4. Tangible Assets
Land & Property
Buildings Course land Plant & Machinery Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2023 393,767 567,072 255,651 41,257 1,257,747
Additions - - 157,320 1,087 158,407
Disposals - - (2,341 ) - (2,341 )
As at 31 December 2023 393,767 567,072 410,630 42,344 1,413,813
Depreciation
As at 1 January 2023 307,989 - 185,979 33,053 527,021
Provided during the period 15,752 - 65,269 4,364 85,385
Disposals - - (936 ) - (936 )
As at 31 December 2023 323,741 - 250,312 37,417 611,470
Net Book Value
As at 31 December 2023 70,026 567,072 160,318 4,927 802,343
As at 1 January 2023 85,778 567,072 69,672 8,204 730,726
5. Stocks
2023 2022
£ £
Stock 3,743 4,039
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 4,532 3,378
VAT - 1,545
4,532 4,923
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 10,097 6,564
Trade creditors 3,562 6,839
Bank loans and overdrafts 31,254 32,643
Other taxes and social security 1,753 1,688
VAT 3,478 -
Other creditors 54,201 55,535
Pension contribution creditor 475 409
Bar card deposits creditor 3,450 3,091
Society deposits creditor 850 300
Accruals and deferred income 2,479 682
111,599 107,751
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 57,217 -
Bank loans 91,748 122,224
Other creditors 90,000 -
238,965 122,224
The mortgage with National Westminster Bank plc is repayable by 31st March 2025 subject to the interest rate chargeable, of 1.5% over Bank of England base rate, not increasing. If it does increase the repayment period can be extended.
The Bounce Back Loan with Barclays Bank plc is repayable by 30th June 2026 with interest rate fixed at 2.50%
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,097 6,564
Later than one year and not later than five years 40,389 -
Later than five years 16,828 -
67,314 6,564
67,314 6,564
10. Control Relationships
Page 5
Page 6
The company is controlled by the Board of Directors acting on behalf of the membership whose numbers at 31st Dcember 2023 were:
134 7 day
43 5 day
55 Play more golf
17 Corporate
37 Retired. Country & Associate
12 Restricted play hours
7 Youth
24 Junior
31 Social
3 Overseas
1 Spouse of fully paid member
5 Staff
Page 6