Company registration number 00197964 (England and Wales)
Halifax Bradley Hall Golf Club Limited
Unaudited
financial statements
for the year ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
Halifax Bradley Hall Golf Club Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Halifax Bradley Hall Golf Club Limited
Statement of financial position
as at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
326,518
330,013
Current assets
Stocks
8,424
5,078
Debtors
70,787
87,434
Cash at bank and in hand
25,924
40,958
105,135
133,470
Creditors: amounts falling due within one year
(110,748)
(150,773)
Net current liabilities
(5,613)
(17,303)
Total assets less current liabilities
320,905
312,710
Creditors: amounts falling due after more than one year
(23,306)
Net assets
297,599
312,710
Capital and reserves
Called up share capital
4
6,490
6,432
Profit and loss reserves
291,109
306,278
Total equity
297,599
312,710
Halifax Bradley Hall Golf Club Limited
Statement of financial position (continued)
as at 31 December 2023
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 2 April 2024 and are signed on its behalf by:
D M Wadcock
Director
Company Registration No. 00197964
Halifax Bradley Hall Golf Club Limited
Notes to the financial statements
for the year ended 31 December 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is recognised on an accruals basis.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
No Depreciation is provided on freehold buildings as it is the company's policy to ensure their maintenance so as to extend their useful lives. Any depreciation charge for the period or to date would be immaterial.
Land and buildings Freehold
Not depreciated
Property improvements
4% straight line
Furniture & equipment
20% straight line
Course equipment
20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit and loss account.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Current tax
The Company is liable to corporation tax on just its rental income.
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease.
Halifax Bradley Hall Golf Club Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 15 (2022 - 15).
2023
2022
Number
Number
Total
15
15
3
Tangible fixed assets
Land and buildings Freehold
Property improvements
Furniture & equipment
Course equipment
Total
£
£
£
£
£
Cost
At 1 January 2023 and 31 December 2023
282,000
71,253
179,389
160,309
692,951
Depreciation and impairment
At 1 January 2023
26,289
179,389
157,259
362,937
Depreciation charged in the year
2,854
642
3,496
At 31 December 2023
29,143
179,389
157,901
366,433
Carrying amount
At 31 December 2023
282,000
42,110
2,408
326,518
At 31 December 2022
282,000
44,964
3,049
330,013
4
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
458
453
458
453
'B' Ordinary shares non-voting of £1 each
6,032
5,979
6,032
5,979
6,490
6,432
6,490
6,432
Each eligible club member is issued one fully paid "A" Ordinary £1 share in the company. On termination of membership such share is converted to a "B" Ordinary share carrying no voting or distribution rights.
5
Company information
Halifax Bradley Hall Golf Club Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bradley Hall, Stainland Road, Holywell Green, Halifax, HX4 9AN.