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REGISTERED NUMBER: 06549435 (England and Wales)








Audited Financial Statements

for the Year Ended

31 March 2024

for

Halesowen Golf Club (2008) Limited

Halesowen Golf Club (2008) Limited (Registered number: 06549435)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Halesowen Golf Club (2008) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N Dale
R Fox
R Hawthorne
S Jones
Miss C Miller
P Skeldon
S Wagstaff





REGISTERED OFFICE: The Leasowes
Halesowen
West Midlands
B62 8QF





REGISTERED NUMBER: 06549435 (England and Wales)





AUDITORS: Nicklin Audit Limited
Chartered Accountants
Statutory Auditors
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Halesowen Golf Club (2008) Limited (Registered number: 06549435)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 108,762 81,705

CURRENT ASSETS
Stocks 14,089 8,023
Debtors 5 16,845 7,749
Cash at bank and in hand 300,179 349,506
331,113 365,278
CREDITORS
Amounts falling due within one year 6 190,195 158,786
NET CURRENT ASSETS 140,918 206,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,680

288,197

PROVISIONS FOR LIABILITIES 1,000 11,100
NET ASSETS 248,680 277,097

RESERVES
Income and expenditure account 248,680 277,097
248,680 277,097

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 22 January 2025 and were signed on its behalf by:





R Hawthorne - Director


Halesowen Golf Club (2008) Limited (Registered number: 06549435)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Halesowen Golf Club (2008) 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost and 15% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

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.

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

Turnover
Turnover represents subscription income from members, bar income and other associated income relevant to the operations of the club. All income is net of Value Added Tax where applicable.

Turnover received in advance is not recognised as income but as deferred income until such time as the service is supplied.

Company status
Halesowen Golf Club (2008) Limited is a company limited by guarantee and does not have any share capital.

In the event of winding up, every member of the company has agreed to contribute an amount as may be required (not exceeding £10) to the company's assets.

Halesowen Golf Club (2008) Limited (Registered number: 06549435)

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

2. ACCOUNTING POLICIES - continued

Grants and donations
Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied as a liability.

Donations given to fund the purchase of a specific fixed asset are recognised as deferred income and released to income in line with the depreciation of the asset acquired.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 311,611 35,572 10,353 357,536
Additions 55,842 8,405 - 64,247
Disposals - (1,842 ) - (1,842 )
At 31 March 2024 367,453 42,135 10,353 419,941
DEPRECIATION
At 1 April 2023 251,979 13,630 10,222 275,831
Charge for year 32,538 3,599 131 36,268
Eliminated on disposal - (920 ) - (920 )
At 31 March 2024 284,517 16,309 10,353 311,179
NET BOOK VALUE
At 31 March 2024 82,936 25,826 - 108,762
At 31 March 2023 59,632 21,942 131 81,705

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,845 -
Other debtors 9,000 7,749
16,845 7,749

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39,452 15,167
Taxation and social security 8,911 6,458
Other creditors 141,832 137,161
190,195 158,786

Halesowen Golf Club (2008) Limited (Registered number: 06549435)

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

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 8,423 5,894
Between one and five years 2,947 8,526
11,370 14,420

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

The Report of the Auditors was unqualified.

Mark Howell FCA (Senior Statutory Auditor)
for and on behalf of Nicklin Audit Limited

9. RELATED PARTY TRANSACTIONS

At the year end £1,665 (2023: £1,665) was owed to Halesowen Golf Club Limited.