Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 19 February 2024 1 January 2023 31 December 2023 31 December 2023 10390760 Mr Alan Freke Dr Rachel Hall Mr Anthony Sanderson Mr Andrew Bryan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10390760 2022-12-31 10390760 2023-12-31 10390760 2023-01-01 2023-12-31 10390760 frs-core:CurrentFinancialInstruments 2023-12-31 10390760 frs-core:ComputerEquipment 2023-12-31 10390760 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10390760 frs-core:ComputerEquipment 2022-12-31 10390760 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 10390760 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10390760 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 10390760 frs-core:PlantMachinery 2023-12-31 10390760 frs-core:PlantMachinery 2023-01-01 2023-12-31 10390760 frs-core:PlantMachinery 2022-12-31 10390760 frs-core:OtherReservesSubtotal 2023-12-31 10390760 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10390760 frs-bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 10390760 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10390760 frs-bus:SmallEntities 2023-01-01 2023-12-31 10390760 frs-bus:Audited 2023-01-01 2023-12-31 10390760 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10390760 frs-bus:Director1 2023-01-01 2023-12-31 10390760 frs-bus:Director2 2023-01-01 2023-12-31 10390760 frs-bus:Director3 2023-01-01 2023-12-31 10390760 frs-bus:Director4 2023-01-01 2023-12-31 10390760 frs-core:CurrentFinancialInstruments 1 2023-12-31 10390760 frs-core:CurrentFinancialInstruments 2 2023-12-31 10390760 frs-core:CurrentFinancialInstruments 3 2023-12-31 10390760 frs-core:CurrentFinancialInstruments 4 2023-12-31 10390760 frs-core:CurrentFinancialInstruments 5 2023-12-31 10390760 frs-countries:EnglandWales 2023-01-01 2023-12-31 10390760 2021-12-31 10390760 2022-12-31 10390760 2022-01-01 2022-12-31 10390760 frs-core:CurrentFinancialInstruments 2022-12-31 10390760 frs-core:OtherReservesSubtotal 2022-12-31 10390760 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 10390760 frs-core:CurrentFinancialInstruments 1 2022-12-31 10390760 frs-core:CurrentFinancialInstruments 2 2022-12-31 10390760 frs-core:CurrentFinancialInstruments 3 2022-12-31 10390760 frs-core:CurrentFinancialInstruments 4 2022-12-31 10390760 frs-core:CurrentFinancialInstruments 5 2022-12-31
Registered number: 10390760
The Henley Golf Club Limited
Financial Statements
For The Year Ended 31 December 2023
Haines and Company
Chartered Certified Accountants
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10390760
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 926,058 957,260
Investment Properties 5 1,420,000 1,420,000
2,346,058 2,377,260
CURRENT ASSETS
Stocks 6 42,715 25,993
Debtors 7 14,551 12,444
Cash at bank and in hand 778,713 676,383
835,979 714,820
Creditors: Amounts Falling Due Within One Year 8 (454,261 ) (439,879 )
NET CURRENT ASSETS (LIABILITIES) 381,718 274,941
TOTAL ASSETS LESS CURRENT LIABILITIES 2,727,776 2,652,201
PROVISIONS FOR LIABILITIES
Provisions For Charges (5,603 ) (12,202 )
Deferred Taxation (255,000 ) (255,000 )
NET ASSETS 2,467,173 2,384,999
RESERVES
Other reserves 1,155,000 1,155,000
Income and Expenditure Account 1,312,173 1,229,999
MEMBERS' FUNDS 2,467,173 2,384,999
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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
Dr Rachel Hall
Director
16th February 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Henley Golf Club Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 10390760 . The registered office is The Henley Golf Club, Harpsden, Henley-On-Thames, Oxfordshire, RG9 4HG.
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. Turnover is derived from the provision of golf and ancilliary facilities and represents membership enterance fees and subscription income receivable in respect of the year. Turnover from membership fees is initially deferred and subsequently recognised over the period that it relates.

Food, beverage and retail sales are made from on-site restaurant and shop. The turnover is recognised as income at the time the sale is made, at invoice value excluding value added tax. Turnover also includes non-membership gollf and leisure income (green fees, competition income and social income) which is also recognised at the time the sale is made.


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:
Freehold Nil
Plant & Machinery At rates varying between 10% and 30% on cost
Computer Equipment At rates varying between 10% and 30% on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income and expenditure account.
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.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2022: 21)
19 21
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 941,006 1,034,180 417,016 2,392,202
Additions 24,059 20,081 - 44,140
Disposals (48,038 ) - - (48,038 )
As at 31 December 2023 917,027 1,054,261 417,016 2,388,304
Depreciation
As at 1 January 2023 117,713 917,107 400,122 1,434,942
Provided during the period - 21,869 5,435 27,304
As at 31 December 2023 117,713 938,976 405,557 1,462,246
...CONTINUED
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Net Book Value
As at 31 December 2023 799,314 115,285 11,459 926,058
As at 1 January 2023 823,293 117,073 16,894 957,260
Included within the net book value of land and buildings above is £805,318 (2022 - £823,293) in respect of freehold land and buildings.
The club adopts a policy of fully maintaining its freehold property and as such the current market value is regarded by the directors to be significantly in excess of book value, therefore no depreciation has been provided during the period.
5. Investment Property
2023
£
Fair Value
As at 1 January 2023 and 31 December 2023 1,420,000
6. Stocks
2023 2022
£ £
Stocks 42,715 25,993
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 850 (900 )
Prepayments and accrued income 13,201 13,344
Other debtors 500 -
14,551 12,444
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 21,082 20,322
Corporation tax 7,310 5,003
Other taxes and social security 15,400 14,106
VAT 4,269 13,442
Other creditors 1,944 -
Swipe card balances 50,020 45,415
Pension contributions unpaid 3,642 3,090
Subscriptions in advance 235,092 227,775
Members loans 43,596 43,796
...CONTINUED
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Credit card 1,438 258
Accruals and deferred income 70,468 66,672
454,261 439,879
9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
10. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
11. Audit Information
The auditors report on the account of The Henley Golf Club Limited for the year ended 31 December 2023 was unqualified
The auditor's report was signed by B Haines FCCA (Senior Statutory Auditor) (Senior Statutory Auditor) for and on behalf of Haines & Company , Statutory Auditor
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