Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr P Allerton 28/08/2022 Mr J Richmond 15/03/2019 05 August 2024 The principal activity of the Company during the year was undertaking the trading activities of a members' golf club. 10022690 2023-12-31 10022690 bus:Director1 2023-12-31 10022690 bus:Director2 2023-12-31 10022690 core:CurrentFinancialInstruments 2023-12-31 10022690 core:CurrentFinancialInstruments 2022-12-31 10022690 2022-12-31 10022690 core:ShareCapital 2023-12-31 10022690 core:ShareCapital 2022-12-31 10022690 2023-01-01 2023-12-31 10022690 bus:FilletedAccounts 2023-01-01 2023-12-31 10022690 bus:SmallEntities 2023-01-01 2023-12-31 10022690 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10022690 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10022690 bus:Director1 2023-01-01 2023-12-31 10022690 bus:Director2 2023-01-01 2023-12-31 10022690 2022-01-01 2022-12-31 10022690 core:CurrentFinancialInstruments 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 10022690 (England and Wales)

CLACTON GOLF CLUB TRADING LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

CLACTON GOLF CLUB TRADING LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

CLACTON GOLF CLUB TRADING LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
CLACTON GOLF CLUB TRADING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
2023 2022
£ £
Current assets
Debtors 3 0 1,646
Cash at bank and in hand 2,779 35
2,779 1,681
Creditors: amounts falling due within one year 4 ( 2,778) ( 1,680)
Net current assets 1 1
Total assets less current liabilities 1 1
Net assets 1 1
Capital and reserves
Called-up share capital 1 1
Total shareholder's funds 1 1

For the financial 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.

Directors' responsibilities:

The financial statements of Clacton Golf Club Trading Limited (registered number: 10022690) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Mr P Allerton
Director
Mr J Richmond
Director

05 August 2024

CLACTON GOLF CLUB TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
CLACTON GOLF CLUB TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Clacton Golf Club Trading Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is West Road, Clacton On Sea, CO15 1AJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 0 1,646

4. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to Group undertakings 928 0
Accruals 1,850 1,680
2,778 1,680

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

5. Related party transactions

During the year the Company made a donation of £228,541 (2022 - £149,413) to, and was recharged expenses totalling £180,404 (2022 - £92,170) by, its parent company. At 31 December 2023, the Company owed £928 to its parent company (2022 - £1,646 owed by the parent company).

6. Ultimate controlling party

Parent Company:

Clacton-on-Sea Golf Club Limited
West Road, Clacton-on-Sea, Essex, CO15 1AJ