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REGISTERED NUMBER: 03560570 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

HARTLEY WINTNEY GOLF CLUB LIMITED
(A COMPANY LIMITED BY GUARUNTEE)

HARTLEY WINTNEY GOLF CLUB LIMITED (REGISTERED NUMBER: 03560570)
(A COMPANY LIMITED BY GUARUNTEE)






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 Certified Accountants' Report 8

HARTLEY WINTNEY GOLF CLUB LIMITED
(A COMPANY LIMITED BY GUARUNTEE)

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A G Lamerton
A J Walker
P J Brunton
R B Jamieson
P R Marsh
D Quinn
T Skipsey
J D Walker





SECRETARY: A J Bodimeade





REGISTERED OFFICE: London Road
Hartley Wintney
Hook
Hampshire
RG27 8PT





REGISTERED NUMBER: 03560570 (England and Wales)





ACCOUNTANTS: LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG

HARTLEY WINTNEY GOLF CLUB LIMITED (REGISTERED NUMBER: 03560570)
(A COMPANY LIMITED BY GUARUNTEE)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 761,987 708,878

CURRENT ASSETS
Stocks 8,386 8,356
Debtors 5 52,991 46,287
Cash at bank and in hand 6 950,055 1,008,382
1,011,432 1,063,025
CREDITORS
Amounts falling due within one year 7 863,708 919,565
NET CURRENT ASSETS 147,724 143,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

909,711

852,338

CREDITORS
Amounts falling due after more than one
year

8

-

20,833
NET ASSETS 909,711 831,505

RESERVES
Retained earnings 909,711 831,505
909,711 831,505

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 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.

HARTLEY WINTNEY GOLF CLUB LIMITED (REGISTERED NUMBER: 03560570)
(A COMPANY LIMITED BY GUARUNTEE)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





A J Walker - Director


HARTLEY WINTNEY GOLF CLUB LIMITED (REGISTERED NUMBER: 03560570)
(A COMPANY LIMITED BY GUARUNTEE)

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

1. STATUTORY INFORMATION

Hartley Wintney Golf Club 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 comprises income recognised by the Company in respect of goods and services supplied during the year, exclusive of VAT and trade discounts.

Turnover is recognised as follows:

- Subscription income is spread equally over the subscription period;

- Green fee income is recognised when the round of golf has been played;

- Bar and catering income is recognised when the goods have been provided;

- Other income is recognised when the service has been provided or goods despatched.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 35 years
Plant and machinery etc - 20% straight line, 12.5% straight line, 5% straight line, 4% straight line and Straight line over 13 years

Government grants
Grants are accounted under the accruals model as permitted by FRS102. Grants relating to expenditure on tangible fixed assets are credited to the profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

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 weighted average 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.

HARTLEY WINTNEY GOLF CLUB LIMITED (REGISTERED NUMBER: 03560570)
(A COMPANY LIMITED BY GUARUNTEE)

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

2. ACCOUNTING POLICIES - continued

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

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

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further obligations.

The contributions are recognised as an expense in the profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Finance costs
Finance costs are charged to the 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

HARTLEY WINTNEY GOLF CLUB LIMITED (REGISTERED NUMBER: 03560570)
(A COMPANY LIMITED BY GUARUNTEE)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 693,819 1,080,652 1,774,471
Additions - 151,195 151,195
At 31 March 2024 693,819 1,231,847 1,925,666
DEPRECIATION
At 1 April 2023 470,357 595,236 1,065,593
Charge for year 18,431 79,655 98,086
At 31 March 2024 488,788 674,891 1,163,679
NET BOOK VALUE
At 31 March 2024 205,031 556,956 761,987
At 31 March 2023 223,462 485,416 708,878

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:

20242023
£   £   

Irrigation system100,962110,577

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35 660
Other debtors 52,956 45,627
52,991 46,287

6. CASH AT BANK AND IN HAND

2024 2023
£    £   

Cash a bank and in hand 950,055 1,008,382

HARTLEY WINTNEY GOLF CLUB LIMITED (REGISTERED NUMBER: 03560570)
(A COMPANY LIMITED BY GUARUNTEE)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 20,833 41,667
Trade creditors 65,855 67,563
Taxation and social security 23,035 27,284
Other creditors 753,985 783,051
863,708 919,565

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) - 20,833

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 20,833 41,667
Between one and five years - 20,833
20,833 62,500

Non-cancellable operating leases
2024 2023
£    £   
Within one year 110,000 110,000
Between one and five years 440,000 440,000
In more than five years 678,333 788,333
1,228,333 1,338,333

10. COMPANY STRUCTURE

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.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HARTLEY WINTNEY GOLF CLUB 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 Hartley Wintney Golf Club Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Hartley Wintney Golf Club 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 Hartley Wintney Golf Club Limited and state those matters that we have agreed to state to the Board of Directors of Hartley Wintney Golf Club Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hartley Wintney Golf Club 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 profit of Hartley Wintney Golf Club Limited. You consider that Hartley Wintney Golf Club 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 Hartley Wintney Golf Club 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.






LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG


11 November 2024