BURNHAM BEECHES GOLF CLUB,LIMITED(THE)

Company limited by guarantee

Company Registration Number:
00104037 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

BURNHAM BEECHES GOLF CLUB,LIMITED(THE)

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

BURNHAM BEECHES GOLF CLUB,LIMITED(THE)

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

J Hayes
J Woodland
G Taylor
T Wilcox


The director shown below has held office during the period of
1 January 2023 to 10 June 2023

Brian Clark


The director shown below has held office during the period of
10 June 2023 to 31 December 2023

Colin Pickett


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 April 2024

And signed on behalf of the board by:
Name: G Taylor
Status: Director

BURNHAM BEECHES GOLF CLUB,LIMITED(THE)

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 2,442,070 2,308,927
Total fixed assets: 2,442,070 2,308,927
Current assets
Stocks: 4 7,578 8,549
Debtors: 5 95,639 172,850
Cash at bank and in hand: 760,191 997,046
Total current assets: 863,408 1,178,445
Creditors: amounts falling due within one year: 6 ( 548,244 ) ( 709,745 )
Net current assets (liabilities): 315,164 468,700
Total assets less current liabilities: 2,757,234 2,777,627
Creditors: amounts falling due after more than one year: 7 ( 380,332 ) ( 427,187 )
Total net assets (liabilities): 2,376,902 2,350,440
Members' funds
Profit and loss account: 2,376,902 2,350,440
Total members' funds: 2,376,902 2,350,440

The notes form part of these financial statements

BURNHAM BEECHES GOLF CLUB,LIMITED(THE)

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 24 April 2024
and signed on behalf of the board by:

Name: G Taylor
Status: Director

The notes form part of these financial statements

BURNHAM BEECHES GOLF CLUB,LIMITED(THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Subscription revenue is recognised in the period to which the subscription relates to. Entrance fees are recognised in the period when they are paid or due. Revenue in respect of the sale of other services, including green fees, events, buggy hire and locker rental are recognised in the period in which the services are provided. Revenue in respect of the sale of goods, including bar sales are recognised on the date the sale of the goods takes place.

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Freehold property - Land not depreciated, buildings 2%, irrigation system 6.67%, course improvements 2% - 12.5%. Plant and machinery - 12.5% - 20% Clubhouse furniture and equipment - 12.5% - 25% The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

    Other accounting policies

    Stocks Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. Debtors Short-term debtors are measured at transaction price, less any impairment. Cash and cash equivalents Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Creditors Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

BURNHAM BEECHES GOLF CLUB,LIMITED(THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 14 15

BURNHAM BEECHES GOLF CLUB,LIMITED(THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 2,788,041 349,743 332,679 3,470,463
Additions 206,806 61,946 21,027 289,779
Disposals ( 169,250 ) ( 10,875 ) ( 3,692 ) ( 183,817 )
Revaluations
Transfers
At 31 December 2023 2,825,597 400,814 350,014 3,576,425
Depreciation
At 1 January 2023 705,296 199,081 257,159 1,161,536
Charge for year 83,722 46,897 24,170 154,789
On disposals ( 169,250 ) ( 10,875 ) ( 1,845 ) ( 181,970 )
Other adjustments
At 31 December 2023 619,768 235,103 279,484 1,134,355
Net book value
At 31 December 2023 2,205,829 165,711 70,530 2,442,070
At 31 December 2022 2,082,745 150,662 75,520 2,308,927

BURNHAM BEECHES GOLF CLUB,LIMITED(THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Stocks

2023 2022
£ £
Stocks 7,578 8,549
Total 7,578 8,549

BURNHAM BEECHES GOLF CLUB,LIMITED(THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 8,888 110,433
Prepayments and accrued income 85,585 53,078
Other debtors 1,166 9,339
Total 95,639 172,850

BURNHAM BEECHES GOLF CLUB,LIMITED(THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 30,586 50,327
Amounts due under finance leases and hire purchase contracts 3,863
Trade creditors 89,576 148,621
Taxation and social security 89,576 148,621
Accruals and deferred income 12,556 25,114
Other creditors 325,950 333,199
Total 548,244 709,745

BURNHAM BEECHES GOLF CLUB,LIMITED(THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 254,518 283,920
Other creditors 125,814 143,267
Total 380,332 427,187