Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity2222truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09049360 2023-04-01 2024-03-31 09049360 2022-04-01 2023-03-31 09049360 2024-03-31 09049360 2023-03-31 09049360 c:Director1 2023-04-01 2024-03-31 09049360 d:Buildings 2023-04-01 2024-03-31 09049360 d:Buildings 2024-03-31 09049360 d:Buildings 2023-03-31 09049360 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09049360 d:PlantMachinery 2023-04-01 2024-03-31 09049360 d:PlantMachinery 2024-03-31 09049360 d:PlantMachinery 2023-03-31 09049360 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09049360 d:FurnitureFittings 2023-04-01 2024-03-31 09049360 d:FurnitureFittings 2024-03-31 09049360 d:FurnitureFittings 2023-03-31 09049360 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09049360 d:OfficeEquipment 2023-04-01 2024-03-31 09049360 d:OfficeEquipment 2024-03-31 09049360 d:OfficeEquipment 2023-03-31 09049360 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09049360 d:ComputerEquipment 2023-04-01 2024-03-31 09049360 d:ComputerEquipment 2024-03-31 09049360 d:ComputerEquipment 2023-03-31 09049360 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09049360 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 09049360 d:OtherPropertyPlantEquipment 2024-03-31 09049360 d:OtherPropertyPlantEquipment 2023-03-31 09049360 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09049360 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09049360 d:CurrentFinancialInstruments 2024-03-31 09049360 d:CurrentFinancialInstruments 2023-03-31 09049360 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09049360 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09049360 d:CapitalRedemptionReserve 2024-03-31 09049360 d:CapitalRedemptionReserve 2023-03-31 09049360 d:ForeignCurrencyTranslationReserve 2024-03-31 09049360 d:ForeignCurrencyTranslationReserve 2023-03-31 09049360 d:RetainedEarningsAccumulatedLosses 2024-03-31 09049360 d:RetainedEarningsAccumulatedLosses 2023-03-31 09049360 c:FRS102 2023-04-01 2024-03-31 09049360 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09049360 c:FullAccounts 2023-04-01 2024-03-31 09049360 c:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 09049360 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09049360










HOCKLEY GOLF CLUB LIMITED
(A company limited by guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
HOCKLEY GOLF CLUB LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 09049360

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
991,272
954,040

  
991,272
954,040

Current assets
  

Stocks
 5 
7,098
9,482

Debtors: amounts falling due within one year
 6 
100,700
4,654

Bank and cash balances
  
953,175
1,026,882

  
1,060,973
1,041,018

Creditors: amounts falling due within one year
 7 
(843,868)
(846,590)

Net current assets
  
 
 
217,105
 
 
194,428

Total assets less current liabilities
  
1,208,377
1,148,468

  

Net assets
  
1,208,377
1,148,468


Capital and reserves
  

Capital redemption reserve
  
447,634
447,634

Capital fund
  
33,478
33,478

Profit and loss account
  
727,265
667,356

  
1,208,377
1,148,468


Page 1

 
HOCKLEY GOLF CLUB LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 09049360
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2024.




P Blackburn
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
HOCKLEY GOLF CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Hockley Golf Club Limited, 09049360, is a private company limited by guarantee and incorporated in England and Wales. Its registered office is Hockley Golf Club, Twyford, Winchester, Hampshire, SO21 1PL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Revenue

Turnover is derived from the provision of golf and ancillary facilities and represents membership entrance fees and subscription income receivable in respect of the year. Turnover from membership fees is recognised over the period that it relates. 
Food, beverage and retail sales are made from the on-site restaurants and shop. This turnover is recognised as income at the time the sale is made, at invoice value excluding VAT. Turnover also includes non-membership golf and leisure income (green fees and driving range sales) which is also recognised at the time the sale is made.
Turnover from functions and conferences is deferred until the event takes place, at this point the turnover for the event is recognised including the release of the deferral. 

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3

 
HOCKLEY GOLF CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Clubhouse & course
-
Straight line over 50 and 10 years
Course development
-
Straight line over 10 years
Fixtures and fittings
-
Straight line over 5, 10 and 15 years
Office equipment
-
Straight line over 5 and 10 years
Estate equipment
-
Straight line over 5 and 10 years
Course machinery
-
Straight line over 3 - 20 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
HOCKLEY GOLF CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of  financial assets and liabilities like trade and other debtors and creditors, loans from banks and other  third parties, loans to related parties and investments in ordinary shares. 
Debt instruments (other than those wholly repayable or receivable within one year), including loans  and other accounts receivable and payable, are initially measured at present value of the future cash  flows and subsequently at amortised cost using the effective interest method. Debt instruments that  are payable or receivable within one year, typically trade debtors and creditors, are measured,  initially and subsequently, at the undiscounted amount of the cash or other consideration expected  to be paid or received. However, if the arrangements of a short-term instrument constitute a  financing transaction, like the payment of a trade debt deferred beyond normal business terms or in  case of an out-right short-term loan that is not at market rate, the financial asset or liability is  measured, initially at the present value of future cash flows discounted at a market rate of interest for  a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a  director in the case of a small company, or a public benefit entity concessionary loan. 


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2023 - 22).

Page 5

 
HOCKLEY GOLF CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Clubhouse and course
Course development
Fixtures and fittings
Office equipment
Estate equipment

£
£
£
£
£



Cost or valuation


At 1 April 2023
755,830
257,562
156,495
13,220
11,103


Additions
6,160
29,626
24,495
1,843
10,453


Disposals
(4,229)
-
(425)
-
-



At 31 March 2024

757,761
287,188
180,565
15,063
21,556



Depreciation


At 1 April 2023
182,041
131,481
84,472
9,557
3,366


Charge for the year on owned assets
26,416
26,878
17,967
1,708
523


Disposals
(3,978)
-
(425)
-
-



At 31 March 2024

204,479
158,359
102,014
11,265
3,889



Net book value



At 31 March 2024
553,282
128,829
78,551
3,798
17,667



At 31 March 2023
573,789
126,081
72,023
3,663
7,737
Page 6

 
HOCKLEY GOLF CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

           4.Tangible fixed assets (continued)


Course machinery
Total

£
£



Cost or valuation


At 1 April 2023
554,000
1,748,210


Additions
121,822
194,399


Disposals
(66,095)
(70,749)



At 31 March 2024

609,727
1,871,860



Depreciation


At 1 April 2023
383,253
794,170


Charge for the year on owned assets
74,210
147,702


Disposals
(56,881)
(61,284)



At 31 March 2024

400,582
880,588



Net book value



At 31 March 2024
209,145
991,272



At 31 March 2023
170,747
954,040


5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
7,098
9,482

7,098
9,482


Page 7

 
HOCKLEY GOLF CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
3,870
232

Other debtors
-
721

Prepayments and accrued income
96,830
3,701

100,700
4,654



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
67,336
20,378

Corporation tax
4,286
669

Other taxation and social security
4,595
-

Other creditors
65,571
58,898

Accruals and deferred income
702,080
766,645

843,868
846,590



8.


Reserves

Development Levy
Capital fund
Income and expenditure account
        £
        £
        £

At 1 April 2023

447,634

33,478

667,356
 
Surplus for the year

-

-

59,909
 
At 31 March 2024

447,634

33,478

727,265
 



9.


Company status

The company is a private company limited by guarantee 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.

Page 8

 
HOCKLEY GOLF CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Related party transactions

The directors are Members of the Golf Club and use the facilities as such. 

Page 9