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REGISTERED NUMBER: 00211776 (England and Wales)










THE SAND MOOR GOLF CLUB LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






THE SAND MOOR GOLF CLUB LIMITED (REGISTERED NUMBER: 00211776)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


THE SAND MOOR GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: C A Hinchcliffe
J C Hallas
N A Stallworthy
K M Roper
A E Wright
W Carpenter
J Swithenbank
P A Evans
C J Mitchell
T A Martin
P Gratton
J Nelson


REGISTERED OFFICE: Alwoodley Lane
Leeds
LS17 7DJ


REGISTERED NUMBER: 00211776 (England and Wales)


AUDITORS: Thomas Coombs Limited
Statutory Auditor
Chartered Accountants
3365 The Pentagon
Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB


BANKERS: National Westminster Bank PLC
8 Park Row
Leeds
LS1 1QS

THE SAND MOOR GOLF CLUB LIMITED (REGISTERED NUMBER: 00211776)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,324,265 1,298,035

CURRENT ASSETS
Stocks 12,641 10,584
Debtors 5 19,598 17,721
Cash at bank and in hand 511,364 367,188
543,603 395,493
CREDITORS
Amounts falling due within one year 6 448,442 296,190
NET CURRENT ASSETS 95,161 99,303
TOTAL ASSETS LESS CURRENT LIABILITIES 1,419,426 1,397,338

PROVISIONS FOR LIABILITIES 14,885 9,902
NET ASSETS 1,404,541 1,387,436

CAPITAL AND RESERVES
Called up share capital 168 168
Retained earnings 1,404,373 1,387,268
SHAREHOLDERS' FUNDS 1,404,541 1,387,436

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 1st March 2024 and were signed on its behalf by:




P Gratton - Director K M Roper - Director




N A Stallworthy - Director


THE SAND MOOR GOLF CLUB LIMITED (REGISTERED NUMBER: 00211776)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

The Sand Moor Golf Club Limited is a private company, limited by shares , 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Income represents the amount derived from membership subscription fees receivable and the provisions of goods and services falling within the company's activities after deduction of Value Added Tax.

Depreciation
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold property:
Course buildings4% straight line
Practice ground1% straight line
Land & buildingsNil

Plant and machinery20% straight line

Fixtures and fittings:
Office furniture10% straight line
Computer equipment50% straight line
Refurbishments10% straight line
Motor vehicles25% straight line

Course alterations10% straight line

The land and buildings, comprising the golf course and club house are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the directors have concluded that the corresponding depreciation would not be material and therefore should not be charged in the profit and loss account. The directors perform annual impairment reviews in accordance with the requirement of FRS102 Section 27 to ensure that the carrying value is no lower than the recoverable amount.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


THE SAND MOOR GOLF CLUB LIMITED (REGISTERED NUMBER: 00211776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

Value added tax
The company is partially exempt for VAT purposes. The cost of additions to tangible assets includes the appropriate amount of irrecoverable input tax. The irrecoverable VAT relating to items of income and expenditure is included as an expense item within general expenses.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 22 ) .

THE SAND MOOR GOLF CLUB LIMITED (REGISTERED NUMBER: 00211776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st January 2023 1,110,602 866,148 938,265
Additions - 26,441 63,772
At 31st December 2023 1,110,602 892,589 1,002,037
DEPRECIATION
At 1st January 2023 162,203 751,362 860,587
Charge for year 11,732 41,337 23,504
At 31st December 2023 173,935 792,699 884,091
NET BOOK VALUE
At 31st December 2023 936,667 99,890 117,946
At 31st December 2022 948,399 114,786 77,678

Motor Course
vehicles Alterations Totals
£    £    £   
COST
At 1st January 2023 84,285 436,731 3,436,031
Additions 56,113 - 146,326
At 31st December 2023 140,398 436,731 3,582,357
DEPRECIATION
At 1st January 2023 56,239 307,605 2,137,996
Charge for year 22,885 20,638 120,096
At 31st December 2023 79,124 328,243 2,258,092
NET BOOK VALUE
At 31st December 2023 61,274 108,488 1,324,265
At 31st December 2022 28,046 129,126 1,298,035

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 11,089
Other debtors 19,598 6,632
19,598 17,721

THE SAND MOOR GOLF CLUB LIMITED (REGISTERED NUMBER: 00211776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 41,335 20,499
Taxation and social security 22,257 43,367
Other creditors 384,850 232,324
448,442 296,190

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 560 745
Between one and five years 3,779 4,339
4,339 5,084

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stuart Adam FCA (Senior Statutory Auditor)
for and on behalf of Thomas Coombs Limited

9. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 65,000 57,000