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REGISTERED NUMBER: 00098139 (England and Wales)












NEW ZEALAND GOLF CLUB LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






NEW ZEALAND GOLF CLUB LTD (REGISTERED NUMBER: 00098139)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEW ZEALAND GOLF CLUB LTD

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTORS: M T Burnyeat Esq
J N Green Esq
Dr M I Criswell
B St G MacDowel Esq
T J Peach Esq
S B Pritchett-Brown Esq
D E Willmott Esq
J C F Hanham Esq





SECRETARY: A J O Stewart-Wilson Esq





REGISTERED OFFICE: Woodham Lane
Addlestone
Surrey
KT15 3QD





REGISTERED NUMBER: 00098139 (England and Wales)





AUDITOR: Shaw Gibbs Audit Ltd
264 Banbury Road
Oxford
Oxfordshire
OX2 7DY

NEW ZEALAND GOLF CLUB LTD (REGISTERED NUMBER: 00098139)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,056,203 857,619

CURRENT ASSETS
Stocks 5 75,858 75,607
Debtors 6 51,512 101,904
Cash at bank and in hand 1,028,505 1,088,557
1,155,875 1,266,068
CREDITORS
Amounts falling due within one year 7 (612,757 ) (547,409 )
NET CURRENT ASSETS 543,118 718,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,599,321

1,576,278

CAPITAL AND RESERVES
Called up share capital 8 47,303 48,303
Capital redemption reserve 9 26,910 26,355
Retained earnings 9 1,525,108 1,501,620
SHAREHOLDERS' FUNDS 1,599,321 1,576,278

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 13 October 2024 and were signed on its behalf by:




M T Burnyeat Esq - Director



J N Green Esq - Director


NEW ZEALAND GOLF CLUB LTD (REGISTERED NUMBER: 00098139)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

New Zealand Golf Club Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Grants
Incoming grants are included in the accounts when they are received

Tangible fixed assets
Land and buildings are shown at original historical cost or subsequent valuation. Property additions since the last revaluation and plant and equipment are stated at cost. Refurbishment expenditure on the freehold properties is written off in the year it is incurred.

Depreciation is provided at rates calculated to write off the cost or valuation of the fixed assets on a straight line basis over their estimated useful lives as follows:

Freehold property 50 years (2% per annum)
Plant and implements 5 years (20% per annum)
Furniture, equipment and outbuildings 10 years (10% per annum)

Stocks
Stocks are valued at the lower of cost and net realisable value.

Taxation
Corporation tax has been provided on taxable income at the current rate in force.

Pension
Pension contributions are charged to the profit and loss account so as to spread the cost of the pensions over the employees' working lives with the company. These contributions are invested separately from the company's assets.

Artisans subscriptions
Subscriptions for Artisans cover the calendar year and are included in the income of the club on the basis of the club's year. In previous years it was recognised on a receipts basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 26 ) .

NEW ZEALAND GOLF CLUB LTD (REGISTERED NUMBER: 00098139)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Course Plant and and
property Improvements machinery fittings Totals
£    £    £    £    £   
COST
At 1 June 2023 401,991 507,467 570,937 419,222 1,899,617
Additions 112,112 137,043 10,228 58,561 317,944
Disposals - - (35,500 ) (3,080 ) (38,580 )
At 31 May 2024 514,103 644,510 545,665 474,703 2,178,981
DEPRECIATION
At 1 June 2023 109,613 119,802 476,597 335,986 1,041,998
Charge for year 8,403 56,975 35,242 18,201 118,821
Eliminated on disposal - - (35,500 ) (2,541 ) (38,041 )
At 31 May 2024 118,016 176,777 476,339 351,646 1,122,778
NET BOOK VALUE
At 31 May 2024 396,087 467,733 69,326 123,057 1,056,203
At 31 May 2023 292,378 387,665 94,340 83,236 857,619

5. STOCKS

Stocks comprise the following:
20242023
£ £
Bar stock25,24836,038
Catering stock6,1254,841
Proshop42,48533,727
Other 1,000 1,000
75,85875,606

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 1,568
Club master 35,977 61,437
Prepayments and accrued income 15,535 38,899
51,512 101,904

NEW ZEALAND GOLF CLUB LTD (REGISTERED NUMBER: 00098139)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 61,404 56,329
Social security and other taxes 23,052 22,802
VAT 9,810 16,031
Other creditors 15,618 14,541
Dick Hollins Trust 16,485 16,485
Accruals and deferred income 19,622 21,398
Deferred subscriptions 466,766 399,823
612,757 547,409

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
49,203 Ordinary £1 46,748 46,303
2,000 Deferred Non Voting £1 555 2,000
47,303 48,303

1,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

20242023
£ £

Authorised Share Capital
Shares of £1 each52,00052,000






During the year 1,000 new Ordinary shares were issued and 555 Ordinary shares were converted to Deferred Non Voting shares. At the next Annual General Meeting a resolution will be proposed to buy back these 555 Deferred Non Voting shares. At the previous Annual General Meeting a resolution was passed to buy back 2,000 Deferred Non Voting shares.

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 June 2023 1,501,620 26,355 1,527,975
Profit for the year 22,043 22,043
Purchase of own shares (555 ) 555 -
Cancellation of deferred share 2,000 - 2,000
At 31 May 2024 1,525,108 26,910 1,552,018

NEW ZEALAND GOLF CLUB LTD (REGISTERED NUMBER: 00098139)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Lance Redman Senior Statutory Auditor
for and on behalf of Shaw Gibbs Audit Ltd