CLECKHEATON AND DISTRICT GOLF CLUB LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
CLECKHEATON AND DISTRICT GOLF CLUB LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
CLECKHEATON AND DISTRICT GOLF CLUB LTD (REGISTERED NUMBER: 00166250) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
CLECKHEATON AND DISTRICT GOLF CLUB LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Fairfax House |
6a Mill Field Road |
Cottingley Business Park |
Bradford |
West Yorkshire |
BD16 1PY |
CLECKHEATON AND DISTRICT GOLF CLUB LTD (REGISTERED NUMBER: 00166250) |
BALANCE SHEET |
30 APRIL 2024 |
30.4.24 | 30.4.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
RESERVES |
Course development reserve | 10 |
Income and expenditure account | 10 |
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. |
CLECKHEATON AND DISTRICT GOLF CLUB LTD (REGISTERED NUMBER: 00166250) |
BALANCE SHEET - continued |
30 APRIL 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
CLECKHEATON AND DISTRICT GOLF CLUB LTD (REGISTERED NUMBER: 00166250) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | STATUTORY INFORMATION |
Cleckheaton and District Golf Club Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Depreciation is calculated so as to write off the cost of tangible fixed assets over their estimated useful lives as follows: |
Car park - 10% per annum, straight line |
Furniture, fixtures and fittings - 10% per annum, straight line |
Course machinery - 20% per annum, straight line |
Water scheme - 10% per annum, straight line |
Computer equipment - 33% per annum, straight line |
No depreciation is provided on freehold land or the club house building. The council members consider the remaining useful life of the club house to be in excess of fifty years. Any depreciation would not be material and none has been provided since 30 April 1967. It is the council member's policy to maintain the property in good condition, costs or repairs and maintenance being charged against income in the year in which they are incurred. |
Stocks |
Stocks consist of bar and course stocks, these are stated at the lower of cost and net realisable value. |
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. |
CLECKHEATON AND DISTRICT GOLF CLUB LTD (REGISTERED NUMBER: 00166250) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
2. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease. |
Form of accounts |
In view of the nature of the company's activities, the headings in Companies Act 2006 are considered to be inappropriate, and a summary income and expenditure account is presented in place of the prescribed profit and loss account. The directors have taken advantage of the provisions laid down in Companies Act 2006 which allows the preparation of accounts to be adopted to reflect the special nature of the company's activities. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and | Computer |
property | machinery | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 May 2023 |
Additions |
At 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
Included in cost of land and buildings is freehold land of £ 340,683 (2023 - £ 340,683 ) which is not depreciated. |
The net book value of tangible fixed assets includes £ 45,534 (2023 - £ 50,030 ) in respect of assets held under hire purchase contracts. |
CLECKHEATON AND DISTRICT GOLF CLUB LTD (REGISTERED NUMBER: 00166250) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 May 2023 |
Reversal of impairments |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
The investment consists of 150,000 Club Shares at £1.00 each in Cleckheaton Virtual Golf Centre Limited. |
A provision has been made in previous years to reflect the impairment in value of the investment. As a result of a small increase in the value of Cleckheaton Virtual Golf Centre Limited over the year, a reversal of the provision has been made of £3,093 to bring the value of the investment in line with the net assets value of the company as at 30 April 2024. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Other debtors |
Prepayments |
Other debtors includes a loan of £Nil (2023: £521) to Cleckheaton Virtual Golf Centre Limited. |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Hire purchase contracts (see note 9) |
Trade creditors |
Social security and other taxes |
VAT | 3,445 | 2,549 |
Other creditors |
Accruals and deferred income |
Other creditors includes a loan of £6,991 (2023: £Nil) from Cleckheaton Virtual Golf Centre Limited. |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Hire purchase contracts (see note 9) |
CLECKHEATON AND DISTRICT GOLF CLUB LTD (REGISTERED NUMBER: 00166250) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
9. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
30.4.24 | 30.4.23 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable | operating leases |
30.4.24 | 30.4.23 |
£ | £ |
Within one year |
Between one and five years |
Based on agreements in place at the year end the total obligations are forecast to reduce to £94,203 by 30 April 2025. |
10. | RESERVES |
Income |
and | Course |
expenditure | development |
account | reserve | Totals |
£ | £ | £ |
At 1 May 2023 | 653,469 |
Deficit for the year | ( |
) | ( |
) |
At 30 April 2024 | 650,070 |