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REGISTERED NUMBER: 14077107 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Long Ashton Golf Club Limited

Long Ashton Golf Club Limited (Registered number: 14077107)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Long Ashton Golf Club Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R H Abrahams
C M Brooke
P A Donkin
K Gould
M A Hatton
H G F Purvis
N P Ring
J Shapcott





SECRETARY: R D Miller





REGISTERED OFFICE: Long Ashton Golf Club
Clevedon Road
Long Ashton
Bristol
BS41 9DW





REGISTERED NUMBER: 14077107 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Long Ashton Golf Club Limited (Registered number: 14077107)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 774,035 -
Investments 5 - -
774,035 -

CURRENT ASSETS
Stocks 25,036 -
Debtors 6 62,878 -
Prepayments and accrued income 4,828 -
Cash at bank and in hand 827,596 -
920,338 -
CREDITORS
Amounts falling due within one year 7 841,612 -
NET CURRENT ASSETS 78,726 -
TOTAL ASSETS LESS CURRENT
LIABILITIES

852,761

-

CREDITORS
Amounts falling due after more than one
year

8

22,562

-
NET ASSETS 830,199 -

RESERVES
Income and expenditure account 9 830,199 -
830,199 -

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.

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 18 October 2024 and were signed on its behalf by:




M A Hatton - Director


Long Ashton Golf Club Limited (Registered number: 14077107)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Long Ashton 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.

The company was incorporated on 29 April 2022 and commenced trading on 1 April 2023 by acquiring assets and undertakings of unincorporated Long Ashton Long Golf Club and the entire share capital of Long Ashton Golf Club Estates Limited.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Course irrigation - 20% on straight line basis
Greens units & improvements - between 3-30 years
Plant & machinery - between 1-20 years
Driving range building - 20% on straight line basis

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

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Long Ashton Golf Club Limited (Registered number: 14077107)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Greens
Course units & Plant &
irrigation improvements machinery
£    £    £   
COST
Additions 1,190 146,196 184,401
Disposals - - (51,655 )
Reclassification/transfer 250,810 237,963 865,152
At 31 March 2024 252,000 384,159 997,898
DEPRECIATION
Charge for year 8,541 9,950 89,652
Eliminated on disposal - - (51,655 )
Reclassification/transfer 170,160 122,515 678,237
At 31 March 2024 178,701 132,465 716,234
NET BOOK VALUE
At 31 March 2024 73,299 251,694 281,664

Furniture,
fittings Driving Driving
& equipmen range range
t building equipment Totals
£    £    £    £   
COST
Additions 30,136 - 22,015 383,938
Disposals - - - (51,655 )
Reclassification/transfer 253,492 134,921 52,308 1,794,646
At 31 March 2024 283,628 134,921 74,323 2,126,929
DEPRECIATION
Charge for year 12,846 6,746 4,751 132,486
Eliminated on disposal - - - (51,655 )
Reclassification/transfer 178,181 77,913 45,057 1,272,063
At 31 March 2024 191,027 84,659 49,808 1,352,894
NET BOOK VALUE
At 31 March 2024 92,601 50,262 24,515 774,035

Long Ashton Golf Club Limited (Registered number: 14077107)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant &
machinery
£   
COST
Transfer to ownership (219,352 )
Reclassification/transfer 254,640
At 31 March 2024 35,288
DEPRECIATION
Charge for year 40,496
Transfer to ownership (219,352 )
Reclassification/transfer 195,912
At 31 March 2024 17,056
NET BOOK VALUE
At 31 March 2024 18,232

5. FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Long Ashton Golf Club Estates Limited
Registered office: Long Ashton Golf Club, Clarken Coombe, Long Ashton, Bristol. BS41 9DW
Nature of business: Golf club land and buildings
%
Class of shares: holding
Ordinary 100.00
2024
£   
Aggregate capital and reserves 59,024
Loss for the year (372 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 420 -
Amounts due from group
undertakings 62,458 -
62,878 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,082 -
Hire purchase contracts 6,032 -
Trade creditors 63,251 -
Social security and other taxes 17,616 -
Other creditors 11,691 -
Accruals and deferred income 732,940 -
841,612 -

Long Ashton Golf Club Limited (Registered number: 14077107)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 16,530 -
Hire purchase contracts 6,032 -
22,562 -

9. RESERVES
Income
and
expenditure
account
£   

Surplus for the year 19,897
Transfer 810,302
At 31 March 2024 830,199

10. RELATED PARTY DISCLOSURES

Freehold land and building is held by Long Ashton Golf Club Estates Limited. At the balance sheet date the historical net book value amounts to £121,732.

The company utilizes the freehold land and buildings without charge. At the balance sheet date the amount due to the company amounts to £62,458.