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REGISTERED NUMBER: 08846887 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

VENTNOR GOLF CLUB (1892) LIMITED

VENTNOR GOLF CLUB (1892) LIMITED (REGISTERED NUMBER: 08846887)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

VENTNOR GOLF CLUB (1892) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: L R Dawson
S G Lines





REGISTERED OFFICE: Steephill Down Road
Ventnor
Isle of Wight
PO38 1BP





REGISTERED NUMBER: 08846887 (England and Wales)





ACCOUNTANTS: Harrison Black Limited
East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA

VENTNOR GOLF CLUB (1892) LIMITED (REGISTERED NUMBER: 08846887)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 235,046 235,039

CURRENT ASSETS
Stocks 1,070 65
Debtors 5 187 1,010
Cash at bank and in hand 9,864 31,300
11,121 32,375
CREDITORS
Amounts falling due within one year 6 26,023 33,953
NET CURRENT LIABILITIES (14,902 ) (1,578 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,144

233,461

CREDITORS
Amounts falling due after more than one
year

7

-

11,438
NET ASSETS 220,144 222,023

RESERVES
Revaluation reserve 6,937 6,937
Capital contribution reserve 144,832 144,832
Income and expenditure account 68,375 70,254
220,144 222,023

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

VENTNOR GOLF CLUB (1892) LIMITED (REGISTERED NUMBER: 08846887)

BALANCE SHEET - continued
31 MARCH 2024


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 20 November 2024 and were signed on its behalf by:





S G Lines - Director


VENTNOR GOLF CLUB (1892) LIMITED (REGISTERED NUMBER: 08846887)

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


1. STATUTORY INFORMATION

Ventnor Golf Club (1892) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on cost
Fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

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

VENTNOR GOLF CLUB (1892) LIMITED (REGISTERED NUMBER: 08846887)

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


4. TANGIBLE FIXED ASSETS
Fittings
Freehold and Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023 250,396 24,767 - 275,163
Additions - 2,920 995 3,915
At 31 March 2024 250,396 27,687 995 279,078
DEPRECIATION
At 1 April 2023 18,225 21,899 - 40,124
Charge for year 2,212 1,447 249 3,908
At 31 March 2024 20,437 23,346 249 44,032
NET BOOK VALUE
At 31 March 2024 229,959 4,341 746 235,046
At 31 March 2023 232,171 2,868 - 235,039

Included in cost of land and buildings is freehold land of £ 210,396 (2023 - £ 210,396 ) which is not depreciated.

Land valued by Surveyor for Lloyds bank at time of transfer from old club
(12/03/2014)

210,396
Building40,000
210,396

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 187 1,010

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,595 2,006
Other creditors 21,428 31,947
26,023 33,953

VENTNOR GOLF CLUB (1892) LIMITED (REGISTERED NUMBER: 08846887)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 11,438

8. 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.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
VENTNOR GOLF CLUB (1892) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ventnor Golf Club (1892) Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ventnor Golf Club (1892) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ventnor Golf Club (1892) Limited and state those matters that we have agreed to state to the Board of Directors of Ventnor Golf Club (1892) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ventnor Golf Club (1892) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ventnor Golf Club (1892) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ventnor Golf Club (1892) Limited. You consider that Ventnor Golf Club (1892) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ventnor Golf Club (1892) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Harrison Black Limited
East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA


25 November 2024