Company registration number 0166446 (England and Wales)
ROMFORD GOLF CLUB LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
ROMFORD GOLF CLUB LIMITED
COMPANY INFORMATION
Directors
Mr I Seymour
Mr GJ Tyler
Mr J Graham
Mr J Vass
Mrs L Vass
Mr J Styles
President
Mr S A Baker
Vice Presidents
Mr J Newitt
Mr D J Mould
Mr H Mallace
Mr J Fitch
Mr R J Oakley
Mrs S Cash
Mr K L Smith
Mr G Kirwan
Mr D Taylor
Mr B Probert
Mr I Atkinson
Captain
Mr R Vass (to 16.11.23)
Mr R Galvin (from 16.11.23)
Secretary
Mr R Hall
Company number
0166446
Registered office
The Club House
Heath Drive
Romford
Essex
RM2 5QB
Auditor
Rowland Hall
44-54 Orsett Road
Grays
Essex
RM17 5ED
Business address
The Club House
Heath Drive
Romford
Essex
RM2 5QB
ROMFORD GOLF CLUB LIMITED
CONTENTS
Page
Directors' report
1 - 2
Independent auditor's report
3 - 5
Profit and loss account
6
Balance sheet
7
Notes to the financial statements
8 - 14
ROMFORD GOLF CLUB LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2024
- 1 -

The directors present their annual report and financial statements for the year ended 30 April 2024.

Principal activities

The principal activity of the company continued to be that of running a Golf Club.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr I Seymour
Mr R Eklund
(Resigned 7 August 2024)
Mr C Jones
(Resigned 17 November 2023)
Mr GJ Tyler
Mr PJ Hyde
(Resigned 17 November 2023)
Mr D Feasey
(Resigned 1 May 2023)
Mr J Graham
Mr J Vass
Mrs L Vass
Mr J Styles
Directors' interests

The directors' interests in the shares of the company were as stated below:

Ordinary of £1 each
30 April 2024
30 April 2023
Mr I Seymour
10
10
Mr R Eklund
10
10
Mr C Jones
10
10
Mr GJ Tyler
10
10
Mr PJ Hyde
10
10
Mr D Feasey
10
10
Mr J Graham
10
10
Mr J Vass
10
-
Mrs L Vass
10
-
Mr J Styles
10
-
Auditor

The auditor, Rowland Hall, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

ROMFORD GOLF CLUB LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

 

 

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr J Vass
Director
3 September 2024
ROMFORD GOLF CLUB LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ROMFORD GOLF CLUB LIMITED
- 3 -
Opinion

We have audited the financial statements of Romford Golf Club Limited (the 'company') for the year ended 30 April 2024 which comprise the profit and loss account, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

ROMFORD GOLF CLUB LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ROMFORD GOLF CLUB LIMITED (CONTINUED)
- 4 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

 

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

- Obtaining an understanding of the legal and regulatory frameworks applicable to the entity including, but not limited to, the Companies Act 2006, The Financial Reporting Standard 102 and UK Tax Legislation and considering the culture and control environment of the organisation.

- Enquiry of management and those charged with governance around actual and potential litigation and claims..

- Reviewing minutes of meetings of those charged with governance.

- Review of legal costs to ascertain the nature of the costs and possible related non-compliance.

- Performing audit work over the risk of management override of controls, including testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.  This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

ROMFORD GOLF CLUB LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ROMFORD GOLF CLUB LIMITED (CONTINUED)
- 5 -

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Lynette Marie Thompson FCCA
Senior Statutory Auditor
For and on behalf of Rowland Hall
3 September 2024
Chartered Certified Accountants
Statutory Auditor
44-54 Orsett Road
Grays
Essex
RM17 5ED
ROMFORD GOLF CLUB LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
2024
2023
£
£
Turnover
1,353,638
1,271,992
Cost of sales
(392,514)
(368,579)
Gross profit
961,124
903,413
Administrative expenses
(1,054,951)
(987,690)
Other operating income
84,015
56,743
Operating loss
(9,812)
(27,534)
Interest receivable and similar income
6,937
1,196
Interest payable and similar expenses
(23,876)
(15,693)
Loss before taxation
(26,751)
(42,031)
Tax on loss
(3,394)
(2,130)
Loss for the financial year
(30,145)
(44,161)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

ROMFORD GOLF CLUB LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 7 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
436,288
465,960
Current assets
Stocks
17,597
15,336
Debtors
6
50,789
115,311
Cash at bank and in hand
369,514
297,821
437,900
428,468
Creditors: amounts falling due within one year
7
(312,602)
(286,956)
Net current assets
125,298
141,512
Total assets less current liabilities
561,586
607,472
Creditors: amounts falling due after more than one year
8
(286,638)
(302,379)
Net assets
274,948
305,093
Capital and reserves
Called up share capital
9
2,792
2,792
Profit and loss reserves
272,156
302,301
Total equity
274,948
305,093

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

The financial statements were approved by the board of directors and authorised for issue on 3 September 2024 and are signed on its behalf by:
Mr I Seymour
Mr J Vass
Director
Director
Company registration number 0166446 (England and Wales)
ROMFORD GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 8 -
1
Accounting policies
Company information

Romford Golf Club Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Club House, Heath Drive, Romford, Essex, RM2 5QB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents entrance fees, subscriptions and temporary members' fees excluding value added tax. The Club's subscription year ends on 30th April. Subscriptions are recognised in the year to which they relate. Full credit for entrance fees is taken on admission of a new member.

Other operating income comprises Bar and Catering takings net of associated direct expenses.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
2% on cost pre 2001 assets, 5%/10% post 2000
Plant and machinery
25% on cost and 20% on cost (1999 : 25% and 10% on cost)

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.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

ROMFORD GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 9 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
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 current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

ROMFORD GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 10 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

 

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

ROMFORD GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 11 -
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.14
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ROMFORD GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 12 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
34
36
4
Other operating income

Other operating income includes sundry income such as the Development Fund, Members Donations, Advertising, Rental Income and any other Miscellaneous income.

5
Tangible fixed assets
Land and buildings Freehold
Plant and machinery
Total
£
£
£
Cost
At 1 May 2023 and 30 April 2024
963,946
419,101
1,383,047
Depreciation and impairment
At 1 May 2023
498,003
419,084
917,087
Depreciation charged in the year
29,672
-
0
29,672
At 30 April 2024
527,675
419,084
946,759
Carrying amount
At 30 April 2024
436,271
17
436,288
At 30 April 2023
465,943
17
465,960
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
50,789
115,311
ROMFORD GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 13 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
3,600
4,000
Trade creditors
31,594
35,977
Subscriptions received in advance
199,351
152,658
Corporation tax
3,394
2,130
Other taxation and social security
18,511
30,329
Other creditors
56,152
61,862
312,602
286,956
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
120,399
123,565
Other creditors
166,239
178,814
286,638
302,379

The long-term loans are secured by fixed charges over the freehold premises.

Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable by instalments
219,445
231,095
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2,792
2,792
2,792
2,792
10
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
88,453
86,077
ROMFORD GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 14 -
11
Development Fund

Part of the annual income is set aside for specific development purposes. This income is placed in a specific bank account. At 30.04.24 the balance on the development fund bank account, after payment of prizes, outstanding liabilities and purchase of assets is £24,346 (2023 : £25,213).

2024-04-302023-05-01falseCCH SoftwareCCH Accounts Production 2024.200Mr I SeymourMr R EklundMr C JonesMr GJ TylerMr PJ HydeMr D FeaseyMr J GrahamMr J VassMrs L VassMr J StylesMr R Hallfalsefalse01664462023-05-012024-04-300166446bus:Director12023-05-012024-04-300166446bus:Director42023-05-012024-04-300166446bus:Director72023-05-012024-04-300166446bus:Director82023-05-012024-04-300166446bus:Director92023-05-012024-04-300166446bus:Director102023-05-012024-04-300166446bus:CompanySecretary12023-05-012024-04-300166446bus:Director22023-05-012024-04-300166446bus:Director32023-05-012024-04-300166446bus:Director52023-05-012024-04-300166446bus:Director62023-05-012024-04-300166446bus:RegisteredOffice2023-05-012024-04-3001664462024-04-3001664462022-05-012023-04-3001664462023-04-300166446core:LandBuildingscore:OwnedOrFreeholdAssets2024-04-300166446core:PlantMachinery2024-04-300166446core:LandBuildingscore:OwnedOrFreeholdAssets2023-04-300166446core:PlantMachinery2023-04-300166446core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-300166446core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-300166446core:Non-currentFinancialInstrumentscore:AfterOneYear2024-04-300166446core:Non-currentFinancialInstrumentscore:AfterOneYear2023-04-300166446core:CurrentFinancialInstruments2023-04-300166446core:Non-currentFinancialInstruments2024-04-300166446core:Non-currentFinancialInstruments2023-04-300166446core:ShareCapital2024-04-300166446core:ShareCapital2023-04-300166446core:RetainedEarningsAccumulatedLosses2024-04-300166446core:RetainedEarningsAccumulatedLosses2023-04-300166446core:LandBuildingscore:OwnedOrFreeholdAssets2023-05-012024-04-300166446core:PlantMachinery2023-05-012024-04-300166446core:LandBuildingscore:OwnedOrFreeholdAssets2023-04-300166446core:PlantMachinery2023-04-3001664462023-04-300166446core:CurrentFinancialInstruments2024-04-300166446bus:PrivateLimitedCompanyLtd2023-05-012024-04-300166446bus:FRS1022023-05-012024-04-300166446bus:Audited2023-05-012024-04-300166446bus:FullAccounts2023-05-012024-04-30xbrli:purexbrli:sharesiso4217:GBP