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REGISTERED NUMBER: 01286815 (England and Wales)














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: Mr S Atkinson
Mr J Austin
Mr R T Harris
Mr J Welsh
Mr J Wright





REGISTERED OFFICE: Haughton Grange
Darlington
Co. Durham





REGISTERED NUMBER: 01286815 (England and Wales)





ACCOUNTANTS: Lyons Watson
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 4 343,842 358,423

CURRENT ASSETS
Stocks 7,898 9,385
Debtors 5 5,696 5,333
Cash at bank and in hand 31,167 43,885
44,761 58,603
CREDITORS
Amounts falling due within one year 6 102,596 100,789
NET CURRENT LIABILITIES (57,835 ) (42,186 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,007

316,237

CREDITORS
Amounts falling due after more than one
year

7

(161,785

)

(169,502

)

ACCRUALS AND DEFERRED INCOME (37,189 ) (38,860 )
NET ASSETS 87,033 107,875

RESERVES
Income and expenditure account 87,033 107,875
87,033 107,875

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.

Darlington Golf Club (Members) Limited (Registered number: 01286815)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2024 and were signed on its behalf by:




Mr J Welsh - Director



Mr R T Harris - Director


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
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.

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
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.
Short leasehold - 3% on cost
Buildings - 10% on cost and 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost and 15% on reducing balance

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 27 (2022 - 26 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Drainage
property leasehold Buildings & Fencing
£    £    £    £   
COST
At 1 January 2023 151,688 137,750 290,818 88,342
Additions - - - -
At 31 December 2023 151,688 137,750 290,818 88,342
DEPRECIATION
At 1 January 2023 - 30,998 250,688 87,061
Charge for year - 4,132 6,747 -
At 31 December 2023 - 35,130 257,435 87,061
NET BOOK VALUE
At 31 December 2023 151,688 102,620 33,383 1,281
At 31 December 2022 151,688 106,752 40,130 1,281

Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 159,348 113,468 7,258 948,672
Additions 5,145 1,090 - 6,235
At 31 December 2023 164,493 114,558 7,258 954,907
DEPRECIATION
At 1 January 2023 140,904 75,485 5,113 590,249
Charge for year 4,377 4,859 701 20,816
At 31 December 2023 145,281 80,344 5,814 611,065
NET BOOK VALUE
At 31 December 2023 19,212 34,214 1,444 343,842
At 31 December 2022 18,444 37,983 2,145 358,423

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 5,696 5,333

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 14,713 21,505
Other loans 13,856 5,679
Hire purchase contracts 458 2,710
Trade creditors 17,280 19,919
Tax - 675
Social security and other taxes 2,559 2,310
VAT 4,660 3,639
Other Creditors 42,279 29,781
Accruals and deferred income 1,003 7,394
Accrued expenses 5,788 7,177
102,596 100,789

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans - 2-5 years 64,514 64,514
Bank loans 97,271 104,530
Hire purchase contracts - 458
161,785 169,502

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 176,498 190,549
Hire purchase contracts 458 3,168
176,956 193,717

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.