REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
Darlington Golf Club (Members) Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
Darlington Golf Club (Members) Limited |
Darlington Golf Club (Members) Limited (Registered number: 01286815) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Darlington Golf Club (Members) Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants & Business Advisers |
Business Central |
2 Union Square |
Darlington |
Co. Durham |
DL1 1GL |
Darlington Golf Club (Members) Limited (Registered number: 01286815) |
Balance Sheet |
31 December 2023 |
31/12/23 | 31/12/22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
RESERVES |
Income and expenditure account |
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. |
Darlington Golf Club (Members) Limited (Registered number: 01286815) |
Balance Sheet - continued |
31 December 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Darlington Golf Club (Members) Limited (Registered number: 01286815) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Darlington Golf Club (Members) Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address are below: |
Registered number: 01286815 |
Registered office: Haughton Grange |
Darlington |
Co Durham |
DL1 3JD |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared under the going concern basis of accounting. |
Turnover |
Turnover represents the value, excluding value added tax, of subscriptions and entrance fees, green fees and bar takings. |
Tangible fixed assets |
Short leasehold | - |
Buildings | - |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Freehold land is not depreciated. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Darlington Golf Club (Members) Limited (Registered number: 01286815) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The committee has considered the club's working capital requirements for at least one year from the date of signing these financial statements. It continues to review the club's financial performance with a view to increasing revenue, further reducing costs and increasing profitability. On this basis the committee considers that the club will continue to operate within its banking facilities. However, the margin of facilities over requirements is not large and, inherently there can be no certainty in relation to these matters. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Freehold | Short | Drainage |
property | leasehold | Buildings | & Fencing |
£ | £ | £ | £ |
COST |
At 1 January 2023 |
Additions |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2023 |
Additions |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
The net book value of tangible fixed assets includes £5,673 (2022 - £7,092) in respect of assets held under finance leases. |
Darlington Golf Club (Members) Limited (Registered number: 01286815) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/23 | 31/12/22 |
£ | £ |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/23 | 31/12/22 |
£ | £ |
Bank loans and overdrafts |
Other loans |
Hire purchase contracts |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 4,660 | 3,639 |
Other Creditors | 42,279 | 29,781 |
Accruals and deferred income |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/12/23 | 31/12/22 |
£ | £ |
Bank loans - 2-5 years |
Bank loans |
Hire purchase contracts |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans | 97,271 | 104,530 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31/12/23 | 31/12/22 |
£ | £ |
Bank loans |
Hire purchase contracts | 458 | 3,168 |
Bank loans and overdrafts are secured by way of a debenture over the assets of the company. Finance lease liabilities are secured on the assets to which they relate. |
9. | CONTINGENT LIABILITIES |
Grants receivable may be repayable in part or in full if certain conditions associated with the grants are not met. |
Darlington Golf Club (Members) Limited (Registered number: 01286815) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
10. | OPERATING LEASE COMMITMENTS |
At 31 December 2023 the company had aggregate annual commitments under non-cancellable operating leases totalling £130,978 (2022 - £105,865). |
11. | RELATED PARTY DISCLOSURES |
During the year honoraria of £14,811 (2022 - £7,791) were paid to members of the committee. |
12. | LIMITED BY GUARANTEE |
The company does not have share capital, but every member of the company undertakes to contribute such an amount as may be required to the assets of the company in the event of it being wound up while he is a member or within one year afterwards for payment of the debts and liabilities of the company contracted before he ceased as a member and the costs, charges and expenses of winding up and for the adjustments of the rights of the contributor's among themselves. Such amount as may be required is limited to £1 per member. |