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REGISTERED NUMBER: 00075219 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

The Bude and North Cornwall Golf Club
Limited

The Bude and North Cornwall Golf Club
Limited (Registered number: 00075219)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Bude and North Cornwall Golf Club
Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J Boundy
P Kelly
Mrs J A Smith
M W Hobbs
A S C Finley
A C Pelling
Miss J Tilbury
M Jenkins
D Bryant





REGISTERED OFFICE: The Golf Club House
Bude
Cornwall
EX23 8DA





REGISTERED NUMBER: 00075219 (England and Wales)





ACCOUNTANTS: Metherell Gard Ltd
Chartered Accountants
Burn View
Bude
Cornwall
EX23 8BX

The Bude and North Cornwall Golf Club
Limited (Registered number: 00075219)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 785,411 702,234
Investments 5 1 1
785,412 702,235

CURRENT ASSETS
Debtors 6 347,922 345,176
Cash at bank and in hand 150,462 236,026
498,384 581,202
CREDITORS
Amounts falling due within one year 7 124,819 128,071
NET CURRENT ASSETS 373,565 453,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,158,977

1,155,366

RESERVES
Retained earnings 1,158,977 1,155,366
1,158,977 1,155,366

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 26 February 2025 and were signed on its behalf by:





J Boundy - Director


The Bude and North Cornwall Golf Club
Limited (Registered number: 00075219)

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


1. STATUTORY INFORMATION

The Bude and North Cornwall 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements
The financial statements contain information about The Bude and North Cornwall Golf Club Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Commission
Commission income from bar sales are recognised when the related services are provided by the franchisee of the bar.

Subscriptions
Income is recognised over the period of the subscription. The subscription period runs from 1st April to 31st March each year. The financial statements run for the calendar year. Subscriptions paid which relate to the period after the year end are deferred and carried forward in other creditors.

Loyalty card income
Loyalty card income is accounted for in the period when the money is used to purchase goods. Balances on the loyalty cards of members at the year end represent an obligation and are carried forward in other creditors. Balances on the loyalty cards of Ex Members are written off to income at the end of each financial year. The obligation shown in the financial statements at the year end is therefore only to current members.

Donations
Donations from the company's trading subsidiary are recognised in interest and similar income when the donation becomes payable.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets (excluding Land), at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land and buildings - 2% - 10% on cost or net book value
Plant and machinery etc.- 10% - 33% on cost or net book value


Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

The Bude and North Cornwall Golf Club
Limited (Registered number: 00075219)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the straight line interest method. The related obligations, net of future finance charges, are included in creditors.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Debtors receivable in more than one year are recorded at transaction price.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 814,165 472,440 1,286,605
Additions 81,894 79,364 161,258
Disposals - (19,774 ) (19,774 )
At 31 December 2024 896,059 532,030 1,428,089
DEPRECIATION
At 1 January 2024 297,403 286,968 584,371
Charge for year 17,473 48,012 65,485
Eliminated on disposal - (7,178 ) (7,178 )
At 31 December 2024 314,876 327,802 642,678
NET BOOK VALUE
At 31 December 2024 581,183 204,228 785,411
At 31 December 2023 516,762 185,472 702,234

Included in cost of land and buildings is freehold land of £ 80,925 (2023 - £ 80,925 ) which is not depreciated.


The Bude and North Cornwall Golf Club
Limited (Registered number: 00075219)

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


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Burn View Trading Ltd
Registered office: United Kingdom
Nature of business: Golf club visitor income and other services
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,144 14,441
Amounts owed by group undertakings 199,999 199,999
Other debtors 130,000 130,000
Prepayments 779 736
347,922 345,176

Included in other debtors is £130,000 (2023 - £80,000) which is due in more than one year.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,131 34,193
Taxation and social security 1,540 3,246
Other creditors 101,148 90,632
124,819 128,071