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REGISTERED NUMBER: 10350209 (England and Wales)


















Mapperley Golf Club Trading Limited
Company limited by guarantee

Unaudited Financial Statements

for the Year Ended 31st August 2024






Mapperley Golf Club Trading Limited (Registered number: 10350209)
Company limited by guarantee






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mapperley Golf Club Trading Limited
Company limited by guarantee

Company Information
for the Year Ended 31st August 2024







DIRECTORS: P J Adams
M C Millichip
M Galloway





REGISTERED OFFICE: Mapperley Golf Club
Central Avenue
Mapperley
Nottingham
NG3 5LD





REGISTERED NUMBER: 10350209 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Mapperley Golf Club Trading Limited (Registered number: 10350209)
Company limited by guarantee

Statement of Financial Position
31st August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 6,055 7,519

CURRENT ASSETS
Stocks 14,725 12,487
Debtors 6 788 -
Cash at bank 5,309 1,834
20,822 14,321
CREDITORS
Amounts falling due within one year 7 (139,121 ) (88,909 )
NET CURRENT LIABILITIES (118,299 ) (74,588 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(112,244

)

(67,069

)

CREDITORS
Amounts falling due after more than one
year

8

(27,545

)

(32,598

)
NET LIABILITIES (139,789 ) (99,667 )

RESERVES
Retained earnings (139,789 ) (99,667 )
MEMBERS' FUNDS (139,789 ) (99,667 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 profit or loss 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.

Mapperley Golf Club Trading Limited (Registered number: 10350209)
Company limited by guarantee

Statement of Financial Position - continued
31st August 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th December 2024 and were signed on its behalf by:





M C Millichip - Director


Mapperley Golf Club Trading Limited (Registered number: 10350209)
Company limited by guarantee

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

Mapperley Golf Club Trading 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 presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going Concern
Following a loss in the accounts of £40,122 the company has net liabilities of £139,789 as at 31st August 2024. The financial statements have been prepared on a going concern basis which assumes the continuing financial measures of the UK Government and the continuing financial support of its controlling party, Mapperley Golf Club Limited.

The directors of Mapperley Golf Club Limited have confirmed that it is their present intention to provide financial support to the company for the foreseeable future and, therefore, the directors of Mapperley Golf Club Trading Limited have a reasonable expectation that the company will be able to continue as a going concern for the foreseeable future.

Turnover
Revenue from the sale of beverages and food is recognised when the items are purchased, net of discounts and Value Added Tax. Revenue from room hire is recognised when the bookings are made, net of discounts and Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Kitchen equipment - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

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 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 statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Mapperley Golf Club Trading Limited (Registered number: 10350209)
Company limited by guarantee

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

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Kitchen and
equipment fittings Totals
£    £    £   
COST
At 1st September 2023
and 31st August 2024 9,801 7,202 17,003
DEPRECIATION
At 1st September 2023 5,472 4,012 9,484
Charge for year 937 527 1,464
At 31st August 2024 6,409 4,539 10,948
NET BOOK VALUE
At 31st August 2024 3,392 2,663 6,055
At 31st August 2023 4,329 3,190 7,519

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 788 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 22,145 23,859
Amounts owed to participating interests 68,250 12,962
Taxation and social security 41,537 44,300
Other creditors 2,189 2,788
139,121 88,909

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 27,545 32,598

Mapperley Golf Club Trading Limited (Registered number: 10350209)
Company limited by guarantee

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,580 2,490
Between one and five years 659 2,633
2,239 5,123

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mapperley Golf Club Limited.