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Company registration number: 10062442
Harpenden Common Golf Club Trading Ltd
Unaudited filleted financial statements
31 May 2024
Harpenden Common Golf Club Trading Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Harpenden Common Golf Club Trading Ltd
Directors and other information
Directors Mr David Thompson
Mr Christopher Riley
Mr John Moffat
Mr Peter Housden (Appointed 29 November 2023)
Mr Max Sullivan (Appointed 6 November 2023)
Company number 10062442
Registered office Cravells Road
East Common
Harpenden
AL5 1BL
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Harpenden Common Golf Club Trading Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Harpenden Common Golf Club Trading Ltd
Year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harpenden Common Golf Club Trading Ltd for the year ended 31 May 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Harpenden Common Golf Club Trading Ltd, as a body, in accordance with the terms of our engagement letter dated 16 December 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Harpenden Common Golf Club Trading Ltd and state those matters that we have agreed to state to the board of directors of Harpenden Common Golf Club Trading Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harpenden Common Golf Club Trading Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Harpenden Common Golf Club Trading Ltd 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 Harpenden Common Golf Club Trading Ltd. You consider that Harpenden Common Golf Club Trading Ltd 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 Harpenden Common Golf Club Trading Ltd. 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.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
28 November 2024
Harpenden Common Golf Club Trading Ltd
Statement of financial position
31 May 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 5 - 1,677
Cash at bank and in hand 12,513 8,220
_______ _______
12,513 9,897
Creditors: amounts falling due
within one year 6 ( 38,109) ( 61,166)
_______ _______
Net current liabilities ( 25,596) ( 51,269)
_______ _______
Total assets less current liabilities ( 25,596) ( 51,269)
Creditors: amounts falling due
after more than one year 7 ( 11,439) ( 19,058)
_______ _______
Net liabilities ( 37,035) ( 70,327)
_______ _______
Capital and reserves
Called up share capital 4 4
Profit and loss account ( 37,039) ( 70,331)
_______ _______
Shareholders deficit ( 37,035) ( 70,327)
_______ _______
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 November 2024 , and are signed on behalf of the board by:
Mr Christopher Riley
Director
Company registration number: 10062442
Harpenden Common Golf Club Trading Ltd
Notes to the financial statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cravells Road, East Common, Harpenden, AL5 1BL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts are prepared on a going concern basis which assumes the continued support of Harpenden Common Golf Club, the companies beneficial owner.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 11 ).
5. Debtors
2024 2023
£ £
Trade debtors - 1,405
Other debtors - 272
_______ _______
- 1,677
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 7,077 6,889
Trade creditors - 1,080
Amounts owed to group undertakings and undertakings in which the company has a participating interest 20,288 37,104
Social security and other taxes 7,912 9,122
Other creditors 2,832 6,971
_______ _______
38,109 61,166
_______ _______
7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 11,439 19,058
_______ _______