Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 00509576 Mrs W A Anscombe Mr I C Chilton Mr M Flanagan Mrs J Hunt Mr R J Baird Mr P Roberts Mr C Heritage Mr D Orourke Mr J Redmond Mrs H J Wilby Mr P M Beard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00509576 2023-02-28 00509576 2024-02-29 00509576 2023-03-01 2024-02-29 00509576 frs-core:CurrentFinancialInstruments 2024-02-29 00509576 frs-core:Non-currentFinancialInstruments 2024-02-29 00509576 frs-core:BetweenOneFiveYears 2024-02-29 00509576 frs-core:FurnitureFittings 2024-02-29 00509576 frs-core:FurnitureFittings 2023-03-01 2024-02-29 00509576 frs-core:FurnitureFittings 2023-02-28 00509576 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 00509576 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 00509576 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 00509576 frs-core:PlantMachinery 2024-02-29 00509576 frs-core:PlantMachinery 2023-03-01 2024-02-29 00509576 frs-core:PlantMachinery 2023-02-28 00509576 frs-core:WithinOneYear 2024-02-29 00509576 frs-core:OtherReservesSubtotal 2024-02-29 00509576 frs-core:RevaluationReserve 2023-02-28 00509576 frs-core:RevaluationReserve 2024-02-29 00509576 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 00509576 frs-bus:CompanyLimitedByGuarantee 2023-03-01 2024-02-29 00509576 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 00509576 frs-bus:SmallEntities 2023-03-01 2024-02-29 00509576 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 00509576 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 00509576 frs-bus:Director1 2023-03-01 2024-02-29 00509576 frs-bus:Director2 2023-03-01 2024-02-29 00509576 frs-bus:Director3 2023-03-01 2024-02-29 00509576 frs-bus:Director4 2023-03-01 2024-02-29 00509576 frs-bus:Director5 2023-03-01 2024-02-29 00509576 frs-bus:Director6 2023-03-01 2024-02-29 00509576 frs-bus:Director7 2023-03-01 2024-02-29 00509576 frs-bus:Director8 2023-03-01 2024-02-29 00509576 frs-bus:Director9 2023-03-01 2024-02-29 00509576 frs-bus:Director10 2023-03-01 2024-02-29 00509576 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 00509576 frs-countries:EnglandWales 2023-03-01 2024-02-29 00509576 2022-02-28 00509576 2023-02-28 00509576 2022-03-01 2023-02-28 00509576 frs-core:CurrentFinancialInstruments 2023-02-28 00509576 frs-core:Non-currentFinancialInstruments 2023-02-28 00509576 frs-core:BetweenOneFiveYears 2023-02-28 00509576 frs-core:WithinOneYear 2023-02-28 00509576 frs-core:OtherReservesSubtotal 2023-02-28 00509576 frs-core:RevaluationReserve 2023-02-28 00509576 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 00509576
Vicars Cross Golf Club Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Clear Accounting Limited
Parc Gwyddoniaeth Menai
Gaerwen
Ynys Mon
LL60 6AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00509576
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,517,467 1,461,153
1,517,467 1,461,153
CURRENT ASSETS
Stocks 5 9,499 6,498
Debtors 6 49,659 35,468
Cash at bank and in hand 358,975 412,728
418,133 454,694
Creditors: Amounts Falling Due Within One Year 7 (338,257 ) (338,583 )
NET CURRENT ASSETS (LIABILITIES) 79,876 116,111
TOTAL ASSETS LESS CURRENT LIABILITIES 1,597,343 1,577,264
Creditors: Amounts Falling Due After More Than One Year 8 (129,980 ) (99,371 )
NET ASSETS 1,467,363 1,477,893
RESERVES
Revaluation reserve 10 320,239 320,239
Other reserves 87,262 87,262
Income and Expenditure Account 1,059,862 1,070,392
MEMBERS' FUNDS 1,467,363 1,477,893
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Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mrs W A Anscombe
Director
17th July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vicars Cross Golf Club Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 00509576 . The registered office is Vicars Cross Golf Club Ltd, Tarvin Road, Great Barrow, Chester, CH3 7HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Plant & Machinery 20% on cost
Fixtures & Fittings 20% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income and expenditure account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income and expenditure account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 15)
16 15
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 1,329,901 488,860 - 1,818,761
Additions - 66,642 23,194 89,836
As at 29 February 2024 1,329,901 555,502 23,194 1,908,597
Depreciation
As at 1 March 2023 5,600 352,008 - 357,608
Provided during the period 1,200 15,047 2,319 18,566
Disposals - 14,956 - 14,956
As at 29 February 2024 6,800 382,011 2,319 391,130
Net Book Value
As at 29 February 2024 1,323,101 173,491 20,875 1,517,467
As at 1 March 2023 1,324,301 136,852 - 1,461,153
5. Stocks
2024 2023
£ £
Materials 9,499 6,498
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 377 -
Prepayments and accrued income 11,376 11,318
Other debtors 19,956 19,848
VAT 17,950 4,302
49,659 35,468
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,647 28,937
Trade creditors 31,152 26,082
Bank loans and overdrafts 8,745 10,836
Other taxes and social security 7,167 6,149
Other creditors 30,442 35,095
Accruals and deferred income 248,104 231,484
338,257 338,583
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 81,428 61,001
Bank loans 17,490 26,220
Other loans 19,279 -
Other creditors 11,783 12,150
129,980 99,371
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,647 28,937
Later than one year and not later than five years 81,428 61,001
94,075 89,938
94,075 89,938
10. Reserves
Revaluation Reserve
£
As at 1 March 2023 320,239
As at 29 February 2024 320,239
11. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 5