Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 01142536 Mr Andrew Clarke Mr Peter Fry Mr Stephen Robinson Mr Carl Stabler Mr Joseph Neale Mr Richard Wallis Mr John Brunton Mr Stuart Horne Mr Gary Oatham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01142536 2023-03-31 01142536 2024-03-31 01142536 2023-04-01 2024-03-31 01142536 frs-core:CurrentFinancialInstruments 2024-03-31 01142536 frs-core:Non-currentFinancialInstruments 2024-03-31 01142536 frs-core:BetweenOneFiveYears 2024-03-31 01142536 frs-core:ComputerEquipment 2024-03-31 01142536 frs-core:ComputerEquipment 2023-04-01 2024-03-31 01142536 frs-core:ComputerEquipment 2023-03-31 01142536 frs-core:FurnitureFittings 2024-03-31 01142536 frs-core:FurnitureFittings 2023-04-01 2024-03-31 01142536 frs-core:FurnitureFittings 2023-03-31 01142536 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 01142536 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01142536 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 01142536 frs-core:PlantMachinery 2024-03-31 01142536 frs-core:PlantMachinery 2023-04-01 2024-03-31 01142536 frs-core:PlantMachinery 2023-03-31 01142536 frs-core:WithinOneYear 2024-03-31 01142536 frs-core:CapitalRedemptionReserve 2024-03-31 01142536 frs-core:OtherReservesSubtotal 2024-03-31 01142536 frs-core:RevaluationReserve 2024-03-31 01142536 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01142536 frs-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 01142536 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 01142536 frs-bus:SmallEntities 2023-04-01 2024-03-31 01142536 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01142536 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01142536 frs-bus:Director1 2023-04-01 2024-03-31 01142536 frs-bus:Director2 2023-04-01 2024-03-31 01142536 frs-bus:Director3 2023-04-01 2024-03-31 01142536 frs-bus:Director4 2023-04-01 2024-03-31 01142536 frs-bus:Director5 2023-04-01 2024-03-31 01142536 frs-bus:Director6 2023-04-01 2024-03-31 01142536 frs-bus:Director7 2023-04-01 2024-03-31 01142536 frs-bus:Director8 2023-04-01 2024-03-31 01142536 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 01142536 frs-countries:EnglandWales 2023-04-01 2024-03-31 01142536 2022-03-31 01142536 2023-03-31 01142536 2022-04-01 2023-03-31 01142536 frs-core:CurrentFinancialInstruments 2023-03-31 01142536 frs-core:Non-currentFinancialInstruments 2023-03-31 01142536 frs-core:BetweenOneFiveYears 2023-03-31 01142536 frs-core:WithinOneYear 2023-03-31 01142536 frs-core:CapitalRedemptionReserve 2023-03-31 01142536 frs-core:OtherReservesSubtotal 2023-03-31 01142536 frs-core:RevaluationReserve 2023-03-31 01142536 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 01142536 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 01142536
Littlehampton Golf Club, Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01142536
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 705,136 686,754
705,136 686,754
CURRENT ASSETS
Stocks 5 9,894 7,498
Debtors 6 18,877 9,295
Cash at bank and in hand 396,378 360,430
425,149 377,223
Creditors: Amounts Falling Due Within One Year 7 (303,282 ) (282,369 )
NET CURRENT ASSETS (LIABILITIES) 121,867 94,854
TOTAL ASSETS LESS CURRENT LIABILITIES 827,003 781,608
Creditors: Amounts Falling Due After More Than One Year 8 (29,725 ) (43,484 )
NET ASSETS 797,278 738,124
RESERVES
Revaluation reserve 43,816 43,816
Capital redemption reserve 76,426 76,426
Other reserves 55,290 55,290
Income and Expenditure Account 621,746 562,592
MEMBERS' FUNDS 797,278 738,124
Page 1
Page 2
For the year ending 31 March 2024 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 Income and Expenditure Account.
On behalf of the board
Mr Andrew Clarke
Director
1st July 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Littlehampton Golf Club, Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 01142536 . The registered office is 170 Rope Walk, Riverside West, Littlehampton, Sussex, BN17 5DL.
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:
Clubhouse and Building 2% straight line
Course improvements 10% straight line
Course equipment 25% straight line
Kitchen equipment 20% straight line
Computers straight line over 3 years
Furniture 20% straight line
Fittings 25% reducing balance
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Page 4
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income and expenditure account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income and expenditure account as incurred.
2.5. 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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 9)
23 9
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 1,152,150 118,704 13,548 2,050 1,286,452
Additions 45,417 16,975 18,336 1,429 82,157
Disposals (1,719 ) (3,300 ) (1,671 ) - (6,690 )
As at 31 March 2024 1,195,848 132,379 30,213 3,479 1,361,919
Depreciation
As at 1 April 2023 555,921 39,366 4,153 258 599,698
Provided during the period 41,431 15,137 6,047 1,160 63,775
Disposals (1,719 ) (3,300 ) (1,671 ) - (6,690 )
As at 31 March 2024 595,633 51,203 8,529 1,418 656,783
...CONTINUED
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Page 5
Net Book Value
As at 31 March 2024 600,215 81,176 21,684 2,061 705,136
As at 1 April 2023 596,229 79,338 9,395 1,792 686,754
The club's freehold land excluding the course was revalued by the directors in 1982 at £100,000. This has been adapted at deemed cost on transition to FRS102 Section 1A. The historical cost of this asset was £56,184.
5. Stocks
2024 2023
£ £
Materials 9,894 7,498
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 17,079 9,295
Other debtors 1,798 -
18,877 9,295
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,947 16,947
Trade creditors 34,979 13,787
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 7,566 3,691
Other creditors 228,540 221,238
Other loans - 14,706
Accruals and deferred income 5,250 2,000
303,282 282,369
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,225 20,984
Bank loans 12,500 22,500
29,725 43,484
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,947 16,947
Later than one year and not later than five years 17,225 20,984
34,172 37,931
34,172 37,931
10. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 6