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REGISTERED NUMBER: 00175343 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE TURTON GOLF CLUB LIMITED

THE TURTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00175343)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE TURTON GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C M Kay
A R Bullough
M C Smith
S Booth
S A Hurst
J D Laverick
R Taylor
T A Berry
A Foy
T Gee
H Mosscrop





SECRETARY: M C Smith





REGISTERED OFFICE: Wood End Farm
Chapeltown Road
Bromley Cross
Bolton
Lancashire
BL7 9QD





REGISTERED NUMBER: 00175343 (England and Wales)





ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ

THE TURTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00175343)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,395,741 2,396,009
Investments 5 200 200
2,395,941 2,396,209

CURRENT ASSETS
Stocks 3,070 2,920
Debtors 6 59,277 52,768
Cash at bank and in hand 9,862 109,946
72,209 165,634
CREDITORS
Amounts falling due within one year 7 544,610 626,406
NET CURRENT LIABILITIES (472,401 ) (460,772 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,923,540

1,935,437

CREDITORS
Amounts falling due after more than one
year

8

336,018

374,508
NET ASSETS 1,587,522 1,560,929

CAPITAL AND RESERVES
Called up share capital 10 5,000 5,000
Revaluation reserve 11 1,193,525 1,193,525
Retained earnings 11 388,997 362,404
SHAREHOLDERS' FUNDS 1,587,522 1,560,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 TURTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00175343)

BALANCE SHEET - continued
31 MARCH 2024


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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





S Booth - Director


THE TURTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00175343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

The Turton 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.

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 as modified by the revaluation of certain assets.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about The Turton 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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
There are currently no significant judgements and estimates applied by the directors which are considered key to the preparation of the financial statements.

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

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.
Freehold land and buildings - Nil
Clubhouse development - not provided
Greens equipment - 10% on reducing balance
Fixtures fittings and equipment - at variable rates on reducing balance
Access road - 10% on cost

With the exception of freehold property fixed assets are stated at cost less accumulated depreciation. Freehold property is stated in the balance sheet at revalued amounts, being the fair value on the date of revaluation less any subsequent depreciation and impairment losses. Due to the specialised nature of the asset, insurance replacement value is used as the fair value. Revaluations are performed with sufficient regularity such that the carrying amount does not differ materially from that which could be determined using fair values at the reporting end date.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


THE TURTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00175343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Freehold
land and Clubhouse Greens
buildings development equipment
£    £    £   
COST OR VALUATION
At 1 April 2023 1,546,000 671,156 279,181
Additions - 14,947 -
Disposals - - -
At 31 March 2024 1,546,000 686,103 279,181
DEPRECIATION
At 1 April 2023 - - 241,843
Charge for year - - 3,733
At 31 March 2024 - - 245,576
NET BOOK VALUE
At 31 March 2024 1,546,000 686,103 33,605
At 31 March 2023 1,546,000 671,156 37,338

THE TURTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00175343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
fittings
and Access
equipment road Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 161,226 31,173 2,688,736
Additions 6,361 - 21,308
Disposals (2,453 ) - (2,453 )
At 31 March 2024 165,134 31,173 2,707,591
DEPRECIATION
At 1 April 2023 38,530 12,354 292,727
Charge for year 13,300 2,090 19,123
At 31 March 2024 51,830 14,444 311,850
NET BOOK VALUE
At 31 March 2024 113,304 16,729 2,395,741
At 31 March 2023 122,696 18,819 2,396,009

Cost or valuation at 31 March 2024 is represented by:

Freehold
land and Clubhouse Greens
buildings development equipment
£    £    £   
Valuation in 2007 1,193,525 - -
Cost 352,475 686,103 279,181
1,546,000 686,103 279,181

Fixtures
fittings
and Access
equipment road Totals
£    £    £   
Valuation in 2007 - - 1,193,525
Cost 165,134 31,173 1,514,066
165,134 31,173 2,707,591

THE TURTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00175343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
fittings
and
equipment
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 114,262
DEPRECIATION
At 1 April 2023 14,770
Charge for year 10,455
Reclassification/transfer (105 )
At 31 March 2024 25,120
NET BOOK VALUE
At 31 March 2024 89,142
At 31 March 2023 99,492

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 200
NET BOOK VALUE
At 31 March 2024 200
At 31 March 2023 200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,889 2,544
VAT 7,845 2,946
Prepayments and accrued income 37,543 47,278
59,277 52,768

THE TURTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00175343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,083 25,299
Other loans 85,000 88,257
Hire purchase contracts 21,450 21,450
Trade creditors 22,104 13,097
Subscriptions received in advance 269,627 331,778
Amounts owed to group undertakings 6,490 11,936
Social security and other taxes 4,962 19,751
Members card balances 11,615 10,777
Directors current account 75,000 75,000
Accruals and deferred income 13,279 29,061
544,610 626,406

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 95,057 95,021
Bank loans - over 5 years 171,467 188,501
Hire purchase contracts 46,994 68,486
Life membership subscriptions in advance 22,500 22,500
336,018 374,508

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years 171,467 188,501

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 290,288 307,277

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary £1 5,000 5,000

THE TURTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00175343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 362,404 1,193,525 1,555,929
Profit for the year 26,593 26,593
At 31 March 2024 388,997 1,193,525 1,582,522

12. RELATED PARTY DISCLOSURES

During the previous year the company received loans amounting to £75,000 from directors. The loans are included in creditors due within one year.

The company has received a loan from Woodend Catering Limited, a subsidiary company. At the balance sheet date £6,049 (2023 - £11,936) is included within creditors due within one year.

13. ULTIMATE CONTROLLING PARTY

The trustees of the Deed of Trust dated 5 December 1966 are authorised to and actually hold all the shares in the company on behalf of the actual members of the Turton Golf Club Limited. The control of the Turton Golf Club Limited rests solely with the current actual members of the Club.

14. SUBSIDIARY COMPANIES

The company owns 100% of the issued share capital of the following companies:

Turton Golf Club Catering Limited - 100 ordinary £1 shares
Woodend Catering Limited - 100 ordinary £1 shares