Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07465344 Mr Pankaj Lakhani Mr Robert Michie Mr Anant Suchak iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07465344 2022-12-31 07465344 2023-12-31 07465344 2023-01-01 2023-12-31 07465344 frs-core:CurrentFinancialInstruments 2023-12-31 07465344 frs-core:FurnitureFittings 2023-12-31 07465344 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07465344 frs-core:FurnitureFittings 2022-12-31 07465344 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 07465344 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07465344 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 07465344 frs-core:PlantMachinery 2023-12-31 07465344 frs-core:PlantMachinery 2023-01-01 2023-12-31 07465344 frs-core:PlantMachinery 2022-12-31 07465344 frs-core:RevaluationReserve 2022-12-31 07465344 frs-core:RevaluationReserve 2023-12-31 07465344 frs-core:ShareCapital 2023-12-31 07465344 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07465344 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07465344 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07465344 frs-bus:SmallEntities 2023-01-01 2023-12-31 07465344 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07465344 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07465344 frs-bus:Director1 2023-01-01 2023-12-31 07465344 frs-bus:Director2 2023-01-01 2023-12-31 07465344 frs-bus:Director3 2023-01-01 2023-12-31 07465344 frs-countries:EnglandWales 2023-01-01 2023-12-31 07465344 2021-12-31 07465344 2022-12-31 07465344 2022-01-01 2022-12-31 07465344 frs-core:CurrentFinancialInstruments 2022-12-31 07465344 frs-core:RevaluationReserve 2022-12-31 07465344 frs-core:ShareCapital 2022-12-31 07465344 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07465344
Mid-Sussex Golf Club Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07465344
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,336,532 2,941,141
3,336,532 2,941,141
CURRENT ASSETS
Stocks 5 115,901 117,189
Debtors 6 16,548 20,169
Cash at bank and in hand 139,023 462,502
271,472 599,860
Creditors: Amounts Falling Due Within One Year 7 (529,057 ) (466,859 )
NET CURRENT ASSETS (LIABILITIES) (257,585 ) 133,001
TOTAL ASSETS LESS CURRENT LIABILITIES 3,078,947 3,074,142
PROVISIONS FOR LIABILITIES
Deferred Taxation (126,894 ) (118,774 )
NET ASSETS 2,952,053 2,955,368
CAPITAL AND RESERVES
Called up share capital 8 1,880,000 2,100,000
Revaluation reserve 9 455,664 455,664
Profit and Loss Account 616,389 399,704
SHAREHOLDERS' FUNDS 2,952,053 2,955,368
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 Profit and Loss Account.
On behalf of the board
Mr Pankaj Lakhani
Director
20/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mid-Sussex Golf Club Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07465344 . The registered office is Spatham Lane Ditchling, Hassocks, Sussex, BN6 8XJ.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 10% straight line prior to 1 January 2017
Plant & Machinery 20% straight line & solar panels 30yrs
Fixtures & Fittings 20% straight line
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit 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 profit. 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 profits 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 profits 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 profit or loss, 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.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in the profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
3. Average Number of Employees
Average number of employees, including directors, during the year amounted to 28 (2022: 23)
28 23
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 2,868,232 132,910 122,413 3,123,555
Additions 304,370 107,655 19,091 431,116
Disposals - (11,980 ) - (11,980 )
As at 31 December 2023 3,172,602 228,585 141,504 3,542,691
Depreciation
As at 1 January 2023 - 86,191 96,223 182,414
Provided during the period - 23,901 10,016 33,917
Disposals - (10,172 ) - (10,172 )
As at 31 December 2023 - 99,920 106,239 206,159
Net Book Value
As at 31 December 2023 3,172,602 128,665 35,265 3,336,532
As at 1 January 2023 2,868,232 46,719 26,190 2,941,141
5. Stocks
2023 2022
£ £
Materials 115,901 117,189
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6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 13,098 20,169
Other debtors 3,450 -
16,548 20,169
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 66,524 67,721
Other taxes and social security 44,790 36,230
Other creditors 417,743 362,908
529,057 466,859
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,880,000 2,100,000
9. Reserves
Revaluation Reserve
£
As at 1 January 2023 455,664
As at 31 December 2023 455,664
10. Share capital reduction
A share capital reduction of 110 shares at nominal value of £2,000 each was carried out during the year thus repaying shareholders £220,000.
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