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REGISTERED NUMBER: 00209451 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

THE MANCHESTER GOLF CLUB LIMITED

THE MANCHESTER GOLF CLUB LIMITED (REGISTERED NUMBER: 00209451)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE MANCHESTER GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: K P Broderick
G D Clark
S Daynes
N S Melvin
D Ratcliffe
G I Shepherd
P Ferguson
H Sutcliffe





REGISTERED OFFICE: Hopwood Cottage, Rochdale Road
Middleton
Manchester
M24 6QP





REGISTERED NUMBER: 00209451 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

THE MANCHESTER GOLF CLUB LIMITED (REGISTERED NUMBER: 00209451)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 887,879 691,465

CURRENT ASSETS
Stocks 9,105 4,222
Debtors 5 28,823 56,829
Cash at bank and in hand 403,340 488,384
441,268 549,435
CREDITORS
Amounts falling due within one year 6 532,446 551,997
NET CURRENT LIABILITIES (91,178 ) (2,562 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

796,701

688,903

CREDITORS
Amounts falling due after more than one year 7 226,427 158,061
NET ASSETS 570,274 530,842

RESERVES
Revaluation reserve 9 208,908 208,908
Capital redemption reserve 9,140 9,140
Income and expenditure account 352,226 312,794
570,274 530,842

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 surplus or deficit 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2024 and were signed on its behalf by:





D Ratcliffe - Director


THE MANCHESTER GOLF CLUB LIMITED (REGISTERED NUMBER: 00209451)

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

1. STATUTORY INFORMATION

The Manchester 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.

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

The main element of the company's turnover is from bar and catering sales and subscription fees. Bar and catering income is recognised on sale. Subscription fees are due annually with the subscription period running consistent to the company's financial year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 50% on cost and 20% on cost

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 27 ) .

THE MANCHESTER GOLF CLUB LIMITED (REGISTERED NUMBER: 00209451)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property Buildings machinery fittings Totals
£    £    £    £    £   
COST
At 1 February 2023 220,000 879,473 712,498 277,339 2,089,310
Additions - 21,260 171,025 110,407 302,692
Disposals - - (36,290 ) - (36,290 )
At 31 January 2024 220,000 900,733 847,233 387,746 2,355,712
DEPRECIATION
At 1 February 2023 - 579,955 565,553 252,337 1,397,845
Charge for year - 16,421 62,587 27,270 106,278
Eliminated on disposal - - (36,290 ) - (36,290 )
At 31 January 2024 - 596,376 591,850 279,607 1,467,833
NET BOOK VALUE
At 31 January 2024 220,000 304,357 255,383 108,139 887,879
At 31 January 2023 220,000 299,518 146,945 25,002 691,465

The freehold land was valued last in 1985 at £220,000. The directors believe that a current valuation would be in excess of this amount.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,826 21,036
Other debtors 24,997 35,793
28,823 56,829

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 65,680 27,958
Trade creditors 56,825 78,441
Taxation and social security 9,630 9,336
Other creditors 390,311 426,262
532,446 551,997

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 18,333 28,333
Hire purchase contracts 112,094 48,728
Other creditors 96,000 81,000
226,427 158,061

Amounts falling due in more than five years:

Repayable by instalments
Debentures more 5yrs-instalm 48,000 45,000

THE MANCHESTER GOLF CLUB LIMITED (REGISTERED NUMBER: 00209451)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 28,333 38,333
Hire purchase contracts 177,774 76,686
206,107 115,019

The bank loan totalling £38,333 (2022: £48,225) is secured by way of a fixed and floating charge on the company's assets.

9. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 208,908

10. COMPANY LIMITED BY GUARANTEE

The company does not have an issued share capital being limited by guarantee. In the event of the company being wound up, every full member is liable to contribute an amount not exceeding £1.