Silverfin false false 31/03/2024 01/04/2023 31/03/2024 N Bobroff 19/05/2023 J Cooper 09/10/2023 T Franks 09/09/2021 G C Goodkind 09/10/2023 D Grant 01/02/2024 M B Green 10/05/2019 A Kay 29/09/2022 S M Lauder 29/09/2022 R Layton 09/09/2021 L Raymond 31/05/2023 03/05/2012 V F Schaverien 01/10/2020 G R Silver 31/05/2023 01/05/2014 19 September 2024 The principal activity of the company during the financial year was the activities of sport clubs. 00889882 2024-03-31 00889882 bus:Director1 2024-03-31 00889882 bus:Director2 2024-03-31 00889882 bus:Director3 2024-03-31 00889882 bus:Director4 2024-03-31 00889882 bus:Director5 2024-03-31 00889882 bus:Director6 2024-03-31 00889882 bus:Director7 2024-03-31 00889882 bus:Director8 2024-03-31 00889882 bus:Director9 2024-03-31 00889882 bus:Director10 2024-03-31 00889882 bus:Director11 2024-03-31 00889882 bus:Director12 2024-03-31 00889882 2023-03-31 00889882 core:CurrentFinancialInstruments 2024-03-31 00889882 core:CurrentFinancialInstruments 2023-03-31 00889882 core:Non-currentFinancialInstruments 2024-03-31 00889882 core:Non-currentFinancialInstruments 2023-03-31 00889882 core:ShareCapital 2024-03-31 00889882 core:ShareCapital 2023-03-31 00889882 core:SharePremium 2024-03-31 00889882 core:SharePremium 2023-03-31 00889882 core:RetainedEarningsAccumulatedLosses 2024-03-31 00889882 core:RetainedEarningsAccumulatedLosses 2023-03-31 00889882 core:LandBuildings 2023-03-31 00889882 core:OtherPropertyPlantEquipment 2023-03-31 00889882 core:LandBuildings 2024-03-31 00889882 core:OtherPropertyPlantEquipment 2024-03-31 00889882 bus:OrdinaryShareClass1 2024-03-31 00889882 core:WithinOneYear 2024-03-31 00889882 core:WithinOneYear 2023-03-31 00889882 core:BetweenOneFiveYears 2024-03-31 00889882 core:BetweenOneFiveYears 2023-03-31 00889882 2023-04-01 2024-03-31 00889882 bus:FilletedAccounts 2023-04-01 2024-03-31 00889882 bus:SmallEntities 2023-04-01 2024-03-31 00889882 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00889882 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00889882 bus:Director1 2023-04-01 2024-03-31 00889882 bus:Director2 2023-04-01 2024-03-31 00889882 bus:Director3 2023-04-01 2024-03-31 00889882 bus:Director4 2023-04-01 2024-03-31 00889882 bus:Director5 2023-04-01 2024-03-31 00889882 bus:Director6 2023-04-01 2024-03-31 00889882 bus:Director7 2023-04-01 2024-03-31 00889882 bus:Director8 2023-04-01 2024-03-31 00889882 bus:Director9 2023-04-01 2024-03-31 00889882 bus:Director10 2023-04-01 2024-03-31 00889882 bus:Director11 2023-04-01 2024-03-31 00889882 bus:Director12 2023-04-01 2024-03-31 00889882 core:LandBuildings core:TopRangeValue 2023-04-01 2024-03-31 00889882 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-04-01 2024-03-31 00889882 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 00889882 2022-01-01 2023-03-31 00889882 core:LandBuildings 2023-04-01 2024-03-31 00889882 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 00889882 bus:OrdinaryShareClass1 2022-01-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00889882 (England and Wales)

HARTSBOURNE COUNTRY CLUB (MEMBERS) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

HARTSBOURNE COUNTRY CLUB (MEMBERS) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

HARTSBOURNE COUNTRY CLUB (MEMBERS) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
HARTSBOURNE COUNTRY CLUB (MEMBERS) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 31.03.2024 31.03.2023
£ £
Fixed assets
Tangible assets 3 525,631 569,364
525,631 569,364
Current assets
Stocks 4 30,083 33,503
Debtors 5 163,923 102,865
Cash at bank and in hand 322,309 168,353
516,315 304,721
Creditors: amounts falling due within one year 6 ( 564,254) ( 425,569)
Net current liabilities (47,939) (120,848)
Total assets less current liabilities 477,692 448,516
Creditors: amounts falling due after more than one year 7 ( 13,217) ( 19,658)
Net assets 464,475 428,858
Capital and reserves
Called-up share capital 8 44 44
Share premium account 62,347 62,347
Profit and loss account 402,084 366,467
Total shareholders' funds 464,475 428,858

For the financial 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.

Directors' responsibilities:

The financial statements of Hartsbourne Country Club (Members) Limited (registered number: 00889882) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

N Bobroff
Director

19 September 2024

HARTSBOURNE COUNTRY CLUB (MEMBERS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
HARTSBOURNE COUNTRY CLUB (MEMBERS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Hartsbourne Country Club (Members) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Hartsbourne Country Club, Hartsbourne Avenue, Bushey Heath, WD23 1JW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover consists of annual subscriptions of members, catering income, green fees and other sundry income. It is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business of the golf and country club and is shown net of VAT and other sales related taxes where applicable.

Revenue from the sale of good is recognised when the significant risks and rewards of ownership of the good have passed to the buyer. The amount of revenue can be measured reliably when it is probable that the economic benefits associated with the transactions will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably and are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 20 years straight line
Plant and machinery etc. 20 years straight line
20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value after making allowance adjustments for obsolete and slow-moving stocks. Cost includes all direct costs and appropriate proportion of fixed and variable overheads.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and 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 and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

Year ended
31.03.2024
Period from
01.01.2022 to
31.03.2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 51 47

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 April 2023 1,270,566 1,626,855 2,897,421
Additions 0 11,737 11,737
At 31 March 2024 1,270,566 1,638,592 2,909,158
Accumulated depreciation
At 01 April 2023 1,270,566 1,057,491 2,328,057
Charge for the financial year 0 55,470 55,470
At 31 March 2024 1,270,566 1,112,961 2,383,527
Net book value
At 31 March 2024 0 525,631 525,631
At 31 March 2023 0 569,364 569,364

4. Stocks

31.03.2024 31.03.2023
£ £
Stocks 30,083 33,503

5. Debtors

31.03.2024 31.03.2023
£ £
Trade debtors 6,080 8,736
Other debtors 157,843 94,129
163,923 102,865

6. Creditors: amounts falling due within one year

31.03.2024 31.03.2023
£ £
Trade creditors 95,941 96,793
Other taxation and social security 27,538 19,270
Other creditors 440,775 309,506
564,254 425,569

7. Creditors: amounts falling due after more than one year

31.03.2024 31.03.2023
£ £
Obligations under finance leases and hire purchase contracts 13,217 19,658

8. Called-up share capital

31.03.2024 31.03.2023
£ £
Allotted, called-up and fully-paid
877 Ordinary shares of £ 0.05 each 44 44

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

31.03.2024 31.03.2023
£ £
within one year 175,000 21,560
between one and five years 700,000 30,768
875,000 52,328