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REGISTERED NUMBER: 09916008 (England and Wales)
















































Report of the Directors and

Financial Statements

for the Year Ended 30 April 2024

for

Chippenham Golf Club Limited

Chippenham Golf Club Limited (Registered number: 09916008)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Report of the Directors 2

Statement of Comprehensive Income 3

Balance Sheet 4

Statement of Changes in Equity 5

Notes to the Financial Statements 6


Chippenham Golf Club Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S A Ball
M J Goodwin
M Garrett
K A Dunn
Q M Grandison
Dr S M Foreman





REGISTERED OFFICE: The Club House
Malmesbury Road
Chippenham
Wiltshire
SN15 5LT





REGISTERED NUMBER: 09916008 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Chippenham Golf Club Limited (Registered number: 09916008)

Report of the Directors
for the Year Ended 30 April 2024

The directors present their report with the financial statements of the company for the year ended 30 April 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

M J Goodwin
M Garrett
K A Dunn
Q M Grandison
Dr S M Foreman

Other changes in directors holding office are as follows:

S A Ball - appointed 11 December 2023
A Webb - resigned 11 December 2023
G Seaton - resigned 11 December 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M J Goodwin - Director


28 November 2024

Chippenham Golf Club Limited (Registered number: 09916008)

Statement of Comprehensive
Income
for the Year Ended 30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   

TURNOVER 340,731 316,940

Cost of sales 330,034 307,896
GROSS PROFIT 10,697 9,044

Distribution costs 384,572 332,059
Administrative expenses 477,515 344,240
862,087 676,299
(851,390 ) (667,255 )

Other operating income 769,692 699,669
OPERATING (LOSS)/PROFIT 4 (81,698 ) 32,414

Interest receivable and similar income 3,273 1,626
(78,425 ) 34,040
Gain/loss on revaluation of investments 49,225 (102 )
(29,200 ) 33,938

Interest payable and similar expenses 6,796 4,246
(LOSS)/PROFIT BEFORE TAXATION (35,996 ) 29,692

Tax on (loss)/profit - -
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(35,996

)

29,692

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(35,996

)

29,692

Chippenham Golf Club Limited (Registered number: 09916008)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,893,737 2,793,611

CURRENT ASSETS
Stocks 5,920 7,921
Debtors 6 61,633 50,268
Investments 7 427,428 438,203
Cash at bank and in hand 434,878 537,605
929,859 1,033,997
CREDITORS
Amounts falling due within one year 8 637,088 572,396
NET CURRENT ASSETS 292,771 461,601
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,186,508

3,255,212

CREDITORS
Amounts falling due after more than one
year

9

82,912

115,620
NET ASSETS 3,103,596 3,139,592

RESERVES
Retained earnings 3,103,596 3,139,592
3,103,596 3,139,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:



M J Goodwin - Director


Chippenham Golf Club Limited (Registered number: 09916008)

Statement of Changes in Equity
for the Year Ended 30 April 2024

Retained Total
earnings equity
£    £   
Balance at 1 May 2022 3,109,900 3,109,900

Changes in equity
Total comprehensive income 29,692 29,692
Balance at 30 April 2023 3,139,592 3,139,592

Changes in equity
Total comprehensive income (35,996 ) (35,996 )
Balance at 30 April 2024 3,103,596 3,103,596

Chippenham Golf Club Limited (Registered number: 09916008)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Chippenham 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 presentation currency of the financial statements is the Pound Sterling (£).


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. Specifically, bar and catering income is recognised at the point that the transaction takes place. Golf membership income is recognised in the period to which they relate.

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.
Land and buildings - 5% on cost and Over remaining term of the lease
Plant and machinery etc - 20% on reducing balance and 10% on reducing balance

Included in land and buildings is an asset depreciated over the length of its lease term of 99 years.

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.

Chippenham Golf Club Limited (Registered number: 09916008)

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Investments
Investments are shown at their fair value as outlined by the market rate. Any movements in fair value are recognised in the Income Statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

30.4.24 30.4.23
£    £   
Depreciation - owned assets 23,675 21,389

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 2,551,482 453,201 3,004,683
Additions 48,277 114,677 162,954
Disposals - (2,382 ) (2,382 )
At 30 April 2024 2,599,759 565,496 3,165,255
DEPRECIATION
At 1 May 2023 34,610 176,462 211,072
Charge for year 6,737 54,864 61,601
Eliminated on disposal - (1,155 ) (1,155 )
At 30 April 2024 41,347 230,171 271,518
NET BOOK VALUE
At 30 April 2024 2,558,412 335,325 2,893,737
At 30 April 2023 2,516,872 276,739 2,793,611

Chippenham Golf Club Limited (Registered number: 09916008)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 247,674
DEPRECIATION
At 1 May 2023 58,042
Charge for year 37,926
At 30 April 2024 95,968
NET BOOK VALUE
At 30 April 2024 151,706
At 30 April 2023 189,632

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,766 11,620
Other debtors 59,867 38,648
61,633 50,268

7. CURRENT ASSET INVESTMENTS
30.4.24 30.4.23
£    £   
Listed investments 427,428 438,203

This listed investments are held in a portfolio managed by St James's Place Wealth Management.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 27,432 33,600
Trade creditors 47,528 37,064
Taxation and social security 21,231 24,038
Other creditors 530,897 467,694
637,088 572,396

Chippenham Golf Club Limited (Registered number: 09916008)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 11,616 21,667
Hire purchase contracts 71,296 93,953
82,912 115,620

10. LIABILITY OF MEMBERS

The company is limited by guarantee and has no share capital. In the event of the company being wound up, the members have undertaken to contribute to the assets of the company such amounts as may be required, not exceeding £1.