Registration number:
Walmer And Kingsdown Golf Club (1948) Limited
(A company limited by guarantee)
for the Year Ended 30 June 2024
(filleted for filing purposes)
Walmer And Kingsdown Golf Club (1948) Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Walmer And Kingsdown Golf Club (1948) Limited
Company Information
Chairman |
Mr Ian Dunkerley |
Directors |
Mrs Pamela Mabbs Miss Jane S Willis Mr Paul Woolhouse Mr Christopher Coleman Mr Kevin Patrick Hall Mr John Peter Boyd Mr Mark Taylor Mr Jeffrey Mark Knight |
Registered office |
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Auditors |
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Walmer And Kingsdown Golf Club (1948) Limited
(Registration number: 00462157)
Balance Sheet as at 30 June 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Reserves |
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Future capital projects reserve |
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Retained earnings |
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Surplus |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Walmer And Kingsdown Golf Club (1948) Limited
Notes to the Financial Statements for the Year Ended 30 June 2024
General information |
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
England
The principal place of business is:
The Leas
Kingsdown
Deal
Kent
CT14 8EP
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Audit report
Revenue recognition
Turnover and investment income comprises the fair value of amounts receivable (net of Value Added Tax)) in respect of income from subscriptions, green fees and other income streams from members and visitors.
Membership subscriptions are allocated to the year that the period of membership relates to. Green fees are allocated to the period in which the rounds were played. Bar and catering income is allocated to the period in which the sales were made. Rental income is allocated to the year that the rent relates to.
Walmer And Kingsdown Golf Club (1948) Limited
Notes to the Financial Statements for the Year Ended 30 June 2024
Tax
The tax expense for the period comprises current tax.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Freehold property (excluding land) |
2% straight line basis |
Plant and machinery |
10% straight line basis |
Fixtures and fittings |
10% straight line basis |
Computer equipment |
20% straight line basis |
Stocks
Stocks are stated 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 cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Defined contribution pension obligation
The company operates a defined contribution pension scheme, and the pension charge represents the amount payable by the company to the fund in respect of the year.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Walmer And Kingsdown Golf Club (1948) Limited
Notes to the Financial Statements for the Year Ended 30 June 2024
Tangible assets |
Land and buildings |
Fixtures and fittings |
Plant and machinery |
Office equipment |
Total |
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Cost or valuation |
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At 1 July 2023 |
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Additions |
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At 30 June 2024 |
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Depreciation |
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At 1 July 2023 |
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Charge for the year |
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At 30 June 2024 |
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Carrying amount |
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At 30 June 2024 |
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- |
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At 30 June 2023 |
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Walmer And Kingsdown Golf Club (1948) Limited
Notes to the Financial Statements for the Year Ended 30 June 2024
Included within the net book value of land and buildings above is £701,996 (2023 - £504,736) in respect of freehold land and buildings.
Stocks |
2024 |
2023 |
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Other inventories |
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Debtors |
Current |
2024 |
2023 |
Trade debtors |
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Prepayments |
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Other debtors |
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Creditors |
Note |
2024 |
2023 |
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Due within one year |
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HP and finance lease liabilities |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Due after one year |
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Loans and borrowings |
- |
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Loans and borrowings |
2024 |
2023 |
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Non-current loans and borrowings |
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Hire purchase contracts |
- |
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £