2023-10-012024-09-302024-09-30false09862315Penrith Golf Club Limited2024-11-1293120falseiso4217:GBPxbrli:pure098623152023-10-01098623152024-09-30098623152023-10-012024-09-30098623152022-10-01098623152023-09-30098623152022-10-012023-09-3009862315bus:SmallEntities2023-10-012024-09-3009862315bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3009862315bus:FullAccounts2023-10-012024-09-3009862315bus:CompanyLimitedByGuarantee2023-10-012024-09-3009862315core:WithinOneYear2024-09-3009862315core:AfterOneYear2024-09-3009862315core:WithinOneYear2023-09-3009862315core:AfterOneYear2023-09-3009862315core:ShareCapital2024-09-3009862315core:SharePremium2024-09-3009862315core:RevaluationReserve2024-09-3009862315core:OtherReservesSubtotal2024-09-3009862315core:RetainedEarningsAccumulatedLosses2024-09-3009862315core:ShareCapital2023-09-3009862315core:SharePremium2023-09-3009862315core:RevaluationReserve2023-09-3009862315core:OtherReservesSubtotal2023-09-3009862315core:RetainedEarningsAccumulatedLosses2023-09-3009862315core:LandBuildings2024-09-3009862315core:PlantMachinery2024-09-3009862315core:Vehicles2024-09-3009862315core:FurnitureFittings2024-09-3009862315core:OfficeEquipment2024-09-3009862315core:NetGoodwill2024-09-3009862315core:IntangibleAssetsOtherThanGoodwill2024-09-3009862315core:ListedExchangeTraded2024-09-3009862315core:UnlistedNon-exchangeTraded2024-09-3009862315core:LandBuildings2023-09-3009862315core:PlantMachinery2023-09-3009862315core:Vehicles2023-09-3009862315core:FurnitureFittings2023-09-3009862315core:OfficeEquipment2023-09-3009862315core:NetGoodwill2023-09-3009862315core:IntangibleAssetsOtherThanGoodwill2023-09-3009862315core:ListedExchangeTraded2023-09-3009862315core:UnlistedNon-exchangeTraded2023-09-3009862315core:LandBuildings2023-10-012024-09-3009862315core:PlantMachinery2023-10-012024-09-3009862315core:Vehicles2023-10-012024-09-3009862315core:FurnitureFittings2023-10-012024-09-3009862315core:OfficeEquipment2023-10-012024-09-3009862315core:NetGoodwill2023-10-012024-09-3009862315core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3009862315core:ListedExchangeTraded2023-10-012024-09-3009862315core:UnlistedNon-exchangeTraded2023-10-012024-09-3009862315core:MoreThanFiveYears2023-10-012024-09-3009862315core:Non-currentFinancialInstruments2024-09-3009862315core:Non-currentFinancialInstruments2023-09-3009862315dpl:CostSales2023-10-012024-09-3009862315dpl:DistributionCosts2023-10-012024-09-3009862315core:LandBuildings2023-10-012024-09-3009862315core:PlantMachinery2023-10-012024-09-3009862315core:Vehicles2023-10-012024-09-3009862315core:FurnitureFittings2023-10-012024-09-3009862315core:OfficeEquipment2023-10-012024-09-3009862315dpl:AdministrativeExpenses2023-10-012024-09-3009862315core:NetGoodwill2023-10-012024-09-3009862315core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3009862315dpl:GroupUndertakings2023-10-012024-09-3009862315dpl:ParticipatingInterests2023-10-012024-09-3009862315dpl:GroupUndertakingscore:ListedExchangeTraded2023-10-012024-09-3009862315core:ListedExchangeTraded2023-10-012024-09-3009862315dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-10-012024-09-3009862315core:UnlistedNon-exchangeTraded2023-10-012024-09-3009862315dpl:CostSales2022-10-012023-09-3009862315dpl:DistributionCosts2022-10-012023-09-3009862315core:LandBuildings2022-10-012023-09-3009862315core:PlantMachinery2022-10-012023-09-3009862315core:Vehicles2022-10-012023-09-3009862315core:FurnitureFittings2022-10-012023-09-3009862315core:OfficeEquipment2022-10-012023-09-3009862315dpl:AdministrativeExpenses2022-10-012023-09-3009862315core:NetGoodwill2022-10-012023-09-3009862315core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3009862315dpl:GroupUndertakings2022-10-012023-09-3009862315dpl:ParticipatingInterests2022-10-012023-09-3009862315dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-3009862315core:ListedExchangeTraded2022-10-012023-09-3009862315dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-3009862315core:UnlistedNon-exchangeTraded2022-10-012023-09-3009862315core:NetGoodwill2024-09-3009862315core:IntangibleAssetsOtherThanGoodwill2024-09-3009862315core:LandBuildings2024-09-3009862315core:PlantMachinery2024-09-3009862315core:Vehicles2024-09-3009862315core:FurnitureFittings2024-09-3009862315core:OfficeEquipment2024-09-3009862315core:AfterOneYear2024-09-3009862315core:WithinOneYear2024-09-3009862315core:ListedExchangeTraded2024-09-3009862315core:UnlistedNon-exchangeTraded2024-09-3009862315core:ShareCapital2024-09-3009862315core:SharePremium2024-09-3009862315core:RevaluationReserve2024-09-3009862315core:OtherReservesSubtotal2024-09-3009862315core:RetainedEarningsAccumulatedLosses2024-09-3009862315core:NetGoodwill2023-09-3009862315core:IntangibleAssetsOtherThanGoodwill2023-09-3009862315core:LandBuildings2023-09-3009862315core:PlantMachinery2023-09-3009862315core:Vehicles2023-09-3009862315core:FurnitureFittings2023-09-3009862315core:OfficeEquipment2023-09-3009862315core:AfterOneYear2023-09-3009862315core:WithinOneYear2023-09-3009862315core:ListedExchangeTraded2023-09-3009862315core:UnlistedNon-exchangeTraded2023-09-3009862315core:ShareCapital2023-09-3009862315core:SharePremium2023-09-3009862315core:RevaluationReserve2023-09-3009862315core:OtherReservesSubtotal2023-09-3009862315core:RetainedEarningsAccumulatedLosses2023-09-3009862315core:NetGoodwill2022-10-0109862315core:IntangibleAssetsOtherThanGoodwill2022-10-0109862315core:LandBuildings2022-10-0109862315core:PlantMachinery2022-10-0109862315core:Vehicles2022-10-0109862315core:FurnitureFittings2022-10-0109862315core:OfficeEquipment2022-10-0109862315core:AfterOneYear2022-10-0109862315core:WithinOneYear2022-10-0109862315core:ListedExchangeTraded2022-10-0109862315core:UnlistedNon-exchangeTraded2022-10-0109862315core:ShareCapital2022-10-0109862315core:SharePremium2022-10-0109862315core:RevaluationReserve2022-10-0109862315core:OtherReservesSubtotal2022-10-0109862315core:RetainedEarningsAccumulatedLosses2022-10-0109862315core:AfterOneYear2023-10-012024-09-3009862315core:WithinOneYear2023-10-012024-09-3009862315core:Non-currentFinancialInstrumentscore:CostValuation2023-10-012024-09-3009862315core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-012024-09-3009862315core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-012024-09-3009862315core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-012024-09-3009862315core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-012024-09-3009862315core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-012024-09-3009862315core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3009862315core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3009862315core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3009862315core:Non-currentFinancialInstrumentscore:CostValuation2024-09-3009862315core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-09-3009862315core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-09-3009862315core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-09-3009862315core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-09-3009862315core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-09-3009862315core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-09-3009862315core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-09-3009862315core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-09-3009862315core:Non-currentFinancialInstrumentscore:CostValuation2023-09-3009862315core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-3009862315core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-3009862315core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-3009862315core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-3009862315core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-3009862315core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-3009862315core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-3009862315core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-3009862315bus:Director12023-10-012024-09-3009862315bus:Director22023-10-012024-09-30

Penrith Golf Club Limited

Registered Number
09862315
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

Penrith Golf Club Limited
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

Leslie John Balmer
Stephen Andrew Johnson

Registered Address

4 Mason Court Gillan Way
Penrith 40 Business Park
Penrith
CA11 9GR

Place of Business

Penrith Golf Club

Salkeld Road

Penrith

CA11 8SG


Registered Number

09862315 (England and Wales)
Penrith Golf Club Limited
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Current assets
Cash at bank and on hand21,5788,160
21,5788,160
Creditors amounts falling due within one year3(720)(720)
Net current assets (liabilities)20,8587,440
Total assets less current liabilities20,8587,440
Creditors amounts falling due after one year4(20,857)(7,439)
Net assets11
Capital and reserves
Profit and loss account11
Reserves11
The financial statements were approved and authorised for issue by the Board of Directors on 12 November 2024, and are signed on its behalf by:
Leslie John Balmer
Director
Stephen Andrew Johnson
Director

Registered Company No. 09862315
Penrith Golf Club Limited
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year00
3.Creditors: amounts due within one year

2024

2023

££
Accrued liabilities and deferred income720720
Total720720
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
4.Creditors: amounts due after one year

2024

2023

££
Amounts owed to related parties20,8577,439
Total20,8577,439
5.Guarantees provided on behalf of directors
Every Member of the Company undertakes to contribute such amount as may be required (not exceeding £1) to the company's assets if it should be wound up while he is a member or within one year after he ceases to be a member, for payment of the company's debts and liabilities contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.
6.Off-balance sheet arrangements
Penrith Golf Club Limited is a company limited by guarantee. It is the trading subsidiary of Penrith Golf Club which is a members club. Its principal place of business is Salkeld Road, Penrith, Cumbria, CA11 8SG. Within the articles of association the company is required to donate any profits generated back to Penrith Golf Club and on liquidation all remaining reserves are required to be transferred to the Golf Club.
7.Related party transactions
During the year Penrith Golf Club has invoiced the limited company for a share of the course expenses and administration costs. This figure was calculated at £12,600 (2023 - £12,600). As per the articles of association the company will be donating the profits to Penrith Golf Club, the figure to be donated this year is £136,882 (2023 - £115,559). At the end of the year the company owed its parent organisation £20,857 (2023 - £7,439).