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REGISTERED NUMBER: 06929632 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

Bigbury Bay Golf Club Limited

Bigbury Bay Golf Club Limited (Registered number: 06929632)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Bigbury Bay Golf Club Limited

COMPANY INFORMATION
for the year ended 29 February 2024







Directors: T Alderton
D W Hall
Lt Cdr S M Ryder
S M Bastone
J Shorrocks
C P Thomson





Registered office: The Club House
Bigbury Bay Golf Club
Bigbury
Kingsbridge
Devon
TQ7 4BB





Registered number: 06929632 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Bigbury Bay Golf Club Limited (Registered number: 06929632)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 443,631 438,492
Investments 5 100 100
443,731 438,592

Current assets
Stocks 23,571 25,905
Debtors 6 17,077 14,529
Cash at bank and in hand 291,218 305,953
331,866 346,387
Creditors
Amounts falling due within one year 7 486,715 499,860
Net current liabilities (154,849 ) (153,473 )
Total assets less current liabilities 288,882 285,119

Creditors
Amounts falling due after more than
one year

8

80,168

93,293
Net assets 208,714 191,826

Reserves
Retained earnings 10 208,714 191,826
208,714 191,826

Bigbury Bay Golf Club Limited (Registered number: 06929632)

BALANCE SHEET - continued
29 February 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 profit or loss 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.

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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2024 and were signed on its behalf by:





Lt Cdr S M Ryder - Director


Bigbury Bay Golf Club Limited (Registered number: 06929632)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Bigbury Bay Golf Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Preparation of consolidated financial statements
The financial statements contain information about Bigbury Bay Golf Club Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Turnover includes:
Revenue from membership subscriptions - recognised on a year basis to 28 February.
The sale of goods - recognised upon receipt.
Donations received - recognised upon receipt.
Management fee from subsidiary company - recognised upon receipt.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off ech asset over its estimated useful life.

Club buildings and improvementsOn a straight line basis over the shorter of the period
of the lease or the estimated life of the asset ranging
betwen 4% and 8%
Course improvementsOn a straight line basis over the shorter of the period
of the lease or the estimated life of the asset ranging
between 4% and 8%
Fixtures, equipment, machinery
and tools
between 10% and 15% on a reducing balance basis


The company capitalises assets with a cost in excess of £500.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost. If the directors consider that there has been a permanent diminution in value of an investment such that its value is less than cost then a provision is made to reflect this in the year that it is identified.

Bigbury Bay Golf Club Limited (Registered number: 06929632)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
As the company is a CASC and the income derived from provision of services to non-members is below the taxable threshold, no corporation tax liability arises.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 15 ) .

Bigbury Bay Golf Club Limited (Registered number: 06929632)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Club Fixtures
buildings equipment
and Course machinery
improvements improvements and tools Totals
£    £    £    £   
Cost
At 1 March 2023 351,731 255,929 532,837 1,140,497
Additions - - 73,595 73,595
At 29 February 2024 351,731 255,929 606,432 1,214,092
Depreciation
At 1 March 2023 198,449 192,062 311,494 702,005
Charge for year 19,575 14,265 34,616 68,456
At 29 February 2024 218,024 206,327 346,110 770,461
Net book value
At 29 February 2024 133,707 49,602 260,322 443,631
At 28 February 2023 153,282 63,867 221,343 438,492

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1 March 2023
and 29 February 2024 100
Net book value
At 29 February 2024 100
At 28 February 2023 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Bigbury Bay Golf Club Trading Limited
Registered office: The Club House, Bigbury Bay Golf Club, Bigbury, Kingsbridge, TQ7 4BB.
Nature of business: Golf club
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 172,723 158,904
Profit/(loss) for the year 14,629 (21,773 )

Bigbury Bay Golf Club Limited (Registered number: 06929632)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 17,077 14,529

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,000 20,000
Finance leases 21,488 14,114
Trade creditors 20,440 30,349
Rent settlement accrual - 160,000
Amounts owed to group undertakings 139,976 77,846
VAT 369 -
Other creditors 264,343 174,511
Deferred grants 20,099 23,040
486,715 499,860

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 26,667 46,667
Finance leases 53,501 46,626
80,168 93,293

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Finance leases 74,989 60,740

10. RESERVES

The company receives voluntary donations under Gift Aid which are accumulating as a development fund in a dedicated bank account. These funds are being used solely to help finance major enhancement projects for the benefit of members. None of the fund has been, or will be, used to meet general running expenses of the club. The funds are held within retained earnings. At the balance sheet date £7,718 is held in the dedicated bank account.

11. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. In the event of the company being wound up each member is limited to a liability of £1.