IRIS Accounts Production v24.2.0.383 13625648 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh136256482022-12-31136256482023-12-31136256482023-01-012023-12-31136256482021-09-15136256482021-09-162022-12-31136256482022-12-3113625648ns15:EnglandWales2023-01-012023-12-3113625648ns14:PoundSterling2023-01-012023-12-3113625648ns10:Director12023-01-012023-12-3113625648ns10:Director22023-01-012023-12-3113625648ns10:CompanyLimitedByGuarantee2023-01-012023-12-3113625648ns10:SmallEntities2023-01-012023-12-3113625648ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113625648ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113625648ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113625648ns10:FullAccounts2023-01-012023-12-3113625648ns5:CurrentFinancialInstruments2023-12-3113625648ns5:CurrentFinancialInstruments2022-12-3113625648ns5:Non-currentFinancialInstruments2023-12-3113625648ns5:Non-currentFinancialInstruments2022-12-3113625648ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3113625648ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3113625648ns5:RetainedEarningsAccumulatedLosses2023-12-3113625648ns5:RetainedEarningsAccumulatedLosses2022-12-3113625648ns10:RegisteredOffice2023-01-012023-12-3113625648ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-01-012023-12-3113625648ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3113625648ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3113625648ns5:LeaseholdImprovements2023-01-012023-12-3113625648ns5:PlantMachinery2023-01-012023-12-3113625648ns5:FurnitureFittings2023-01-012023-12-3113625648ns5:ComputerEquipment2023-01-012023-12-3113625648ns5:LandBuildings2022-12-3113625648ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3113625648ns5:LongLeaseholdAssetsns5:LandBuildings2022-12-3113625648ns5:LeaseholdImprovements2022-12-3113625648ns5:LandBuildings2023-01-012023-12-3113625648ns5:LandBuildings2023-12-3113625648ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3113625648ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-3113625648ns5:LeaseholdImprovements2023-12-3113625648ns5:LandBuildings2022-12-3113625648ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3113625648ns5:LongLeaseholdAssetsns5:LandBuildings2022-12-3113625648ns5:LeaseholdImprovements2022-12-3113625648ns5:PlantMachinery2022-12-3113625648ns5:FurnitureFittings2022-12-3113625648ns5:ComputerEquipment2022-12-3113625648ns5:PlantMachinery2023-12-3113625648ns5:FurnitureFittings2023-12-3113625648ns5:ComputerEquipment2023-12-3113625648ns5:PlantMachinery2022-12-3113625648ns5:FurnitureFittings2022-12-3113625648ns5:ComputerEquipment2022-12-3113625648ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3113625648ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3113625648ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3113625648ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3113625648ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3113625648ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 13625648 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Hale Golf Club Limited

Hale Golf Club Limited (Registered number: 13625648)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Hale Golf Club Limited (Registered number: 13625648)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,072,337 987,234

CURRENT ASSETS
Stocks 13,323 11,524
Debtors 5 77,843 48,850
Cash at bank and in hand 462,627 473,646
553,793 534,020
CREDITORS
Amounts falling due within one year 6 353,331 317,133
NET CURRENT ASSETS 200,462 216,887
TOTAL ASSETS LESS CURRENT LIABILITIES 1,272,799 1,204,121

CREDITORS
Amounts falling due after more than one year 7 332,773 246,880
NET ASSETS 940,026 957,241

RESERVES
Capital fund 36,646 62,420
Income and expenditure account 903,380 894,821
940,026 957,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Hale Golf Club Limited (Registered number: 13625648)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:




Mr D G Isaac - Director



Mr R D Sheen - Director


Hale Golf Club Limited (Registered number: 13625648)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Hale Golf Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13625648

Registered office: Hale Golf Club
Rappax Road
Hale
Altrincham
WA15 0NU

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


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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the financial statements have been prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land - Nil due to nominal value
Buildings - Nil due to nominal value
Clubhouse development - Nil due to nominal value
Car Park - Nil due to nominal value
Plant and machinery - 10.5% on cost
Fixtures and fittings - 8.33% - 33.33% straight line
Greens, shed & yard - Nil due to nominal value

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Hale Golf Club Limited (Registered number: 13625648)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Clubhouse
Land Buildings development Car Park
£    £    £    £   
COST
At 1 January 2023 49,474 459,222 155,125 59,251
Additions - - - -
Disposals - - - -
At 31 December 2023 49,474 459,222 155,125 59,251
DEPRECIATION
At 1 January 2023 - - - -
Charge for year - - - -
Eliminated on disposal - - - -
At 31 December 2023 - - - -
NET BOOK VALUE
At 31 December 2023 49,474 459,222 155,125 59,251
At 31 December 2022 49,474 459,222 155,125 59,251

Hale Golf Club Limited (Registered number: 13625648)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixtures Greens,
Plant and and shed &
machinery fittings yard Totals
£    £    £    £   
COST
At 1 January 2023 365,089 276,215 43,463 1,407,839
Additions 87,841 44,039 - 131,880
Disposals (43,747 ) - - (43,747 )
At 31 December 2023 409,183 320,254 43,463 1,495,972
DEPRECIATION
At 1 January 2023 259,090 161,515 - 420,605
Charge for year 25,131 21,646 - 46,777
Eliminated on disposal (43,747 ) - - (43,747 )
At 31 December 2023 240,474 183,161 - 423,635
NET BOOK VALUE
At 31 December 2023 168,709 137,093 43,463 1,072,337
At 31 December 2022 105,999 114,700 43,463 987,234

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023 71,000
Additions 83,225
At 31 December 2023 154,225
DEPRECIATION
At 1 January 2023 9,052
Charge for year 12,290
At 31 December 2023 21,342
NET BOOK VALUE
At 31 December 2023 132,883
At 31 December 2022 61,948

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 69,971 40,416
Other debtors 7,872 8,434
77,843 48,850

Hale Golf Club Limited (Registered number: 13625648)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 25,789 11,857
Trade creditors 15,023 26,891
Taxation and social security 12,335 7,670
Other creditors 300,184 270,715
353,331 317,133

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 87,023 47,880
Other creditors 245,750 199,000
332,773 246,880

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 1,952

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 112,812 59,737

Hire purchase liabilities are secured on the assets to which they relate.

9. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 292,915 -

10. RELATED PARTY DISCLOSURES

Under the Company's articles, certain directors are granted a waiver of their annual subscriptions.

In 2023, five directors were granted a full waiver of the annual subscriptions of £1,275 and five directors were granted a waiver of 50%.