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REGISTERED NUMBER: 03667874 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 December 2023

for

Cretingham Golf Club Ltd.

Cretingham Golf Club Ltd. (Registered number: 03667874)






Contents of the Financial Statements
for the Year Ended 30 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cretingham Golf Club Ltd.

Company Information
for the Year Ended 30 December 2023







DIRECTORS: Mr T W Coe
Mr N A Jackson
Mrs K A Jackson
Mrs I R Coe





SECRETARY: Mrs K A Jackson





REGISTERED OFFICE: 5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ





REGISTERED NUMBER: 03667874 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

Cretingham Golf Club Ltd. (Registered number: 03667874)

Balance Sheet
30 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 16,192
Tangible assets 5 - 1,297
Investment property 6 256,788 256,788
256,788 274,277

CURRENT ASSETS
Stocks - 200
Debtors 7 71,731 207,229
Cash at bank and in hand 40,842 8,506
112,573 215,935
CREDITORS
Amounts falling due within one year 8 95,216 98,646
NET CURRENT ASSETS 17,357 117,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,145

391,566

CREDITORS
Amounts falling due after more than one
year

9

25,138

33,864
NET ASSETS 249,007 357,702

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 248,917 357,612
SHAREHOLDERS' FUNDS 249,007 357,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 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.

Cretingham Golf Club Ltd. (Registered number: 03667874)

Balance Sheet - continued
30 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:




Mrs K A Jackson - Director Mr T W Coe - Director




Mrs I R Coe - Director Mr N A Jackson - Director


Cretingham Golf Club Ltd. (Registered number: 03667874)

Notes to the Financial Statements
for the Year Ended 30 December 2023

1. STATUTORY INFORMATION

Cretingham Golf Club Ltd. 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Income Statement, 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.

Cretingham Golf Club Ltd. (Registered number: 03667874)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Lease
£   
COST
At 31 December 2022 20,000
Disposals (20,000 )
At 30 December 2023 -
AMORTISATION
At 31 December 2022 3,808
Eliminated on disposal (3,808 )
At 30 December 2023 -
NET BOOK VALUE
At 30 December 2023 -
At 30 December 2022 16,192

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 31 December 2022 3,165
Disposals (3,165 )
At 30 December 2023 -
DEPRECIATION
At 31 December 2022 1,868
Eliminated on disposal (1,868 )
At 30 December 2023 -
NET BOOK VALUE
At 30 December 2023 -
At 30 December 2022 1,297

Cretingham Golf Club Ltd. (Registered number: 03667874)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 December 2022
and 30 December 2023 256,788
NET BOOK VALUE
At 30 December 2023 256,788
At 30 December 2022 256,788

For the year ended 31st December 2023 the Directors' reviewed the valuation of the investment property on an open market basis and were of the opinion that no revaluation adjustment was required.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 159,356
Directors' current accounts 49,878 37,645
Tax 12,236 -
VAT 114 3,024
Prepayments and accrued income 9,503 7,204
71,731 207,229

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 11,567 20,150
Trade creditors 48,538 57,408
Tax 2,746 5,265
Social security and other taxes 8,109 5,823
Directors' current accounts 14,736 -
Accrued expenses 9,520 10,000
95,216 98,646

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 10) 25,138 33,864

Cretingham Golf Club Ltd. (Registered number: 03667874)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 11,567 20,150

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,648 19,374

Amounts falling due between two and five years:
Bank loans - 2-5 years 14,490 14,490

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 36,705 54,014

Amounts owing under hire purchase contracts are secured on the assets to which they relate.

Bank borrowings are secured by a charge over the company's assets.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 December 2023 and 30 December 2022:

2023 2022
£    £   
Mr T W Coe and Mrs I R Coe
Balance outstanding at start of year 518 30,518
Amounts advanced 14,746 -
Amounts repaid (15,264 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 518

Mr N A Jackson and Mrs K A Jackson
Balance outstanding at start of year 37,127 54,652
Amounts advanced 42,751 12,475
Amounts repaid (30,000 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,878 37,127