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REGISTERED NUMBER: 13625648 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Hale Golf Club Limited

Hale Golf Club Limited (Registered number: 13625648)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Hale Golf Club Limited (Registered number: 13625648)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,309,634 1,072,337

CURRENT ASSETS
Stocks 14,005 13,323
Debtors 5 50,791 77,843
Cash at bank and in hand 254,557 462,627
319,353 553,793
CREDITORS
Amounts falling due within one year 6 373,136 353,331
NET CURRENT (LIABILITIES)/ASSETS (53,783 ) 200,462
TOTAL ASSETS LESS CURRENT LIABILITIES 1,255,851 1,272,799

CREDITORS
Amounts falling due after more than one year 7 306,984 332,773
NET ASSETS 948,867 940,026

RESERVES
Capital fund 53,001 36,646
Income and expenditure account 895,866 903,380
948,867 940,026

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 surplus or deficit 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.

Hale Golf Club Limited (Registered number: 13625648)

Balance Sheet - continued
31 December 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:




Mr D G Isaac - Director



Mr R D Sheen - Director


Hale Golf Club Limited (Registered number: 13625648)

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

1. STATUTORY INFORMATION

Hale Golf Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13625648

Registered office: Hale Golf Club
Rappax Road
Hale
Altrincham
WA15 0NU

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.

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 - Nil due to nominal value
Buildings - Nil due to nominal value
Clubhouse development - Nil due to nominal value
Car Park - Nil due to nominal value
Plant and machinery - 12.5% on cost
Fixtures and fittings - 8.33% - 33.33% straight line
Irrigation system - 6.67% on cost
Greens, shed & yard - Nil due to nominal value

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 Profit and Loss Account, 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.

Hale Golf Club Limited (Registered number: 13625648)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Clubhouse
Land Buildings development Car Park
£    £    £    £   
COST
At 1 January 2024 49,474 459,222 155,125 59,251
Additions - - - -
At 31 December 2024 49,474 459,222 155,125 59,251
DEPRECIATION
At 1 January 2024 - - - -
Charge for year - - - -
At 31 December 2024 - - - -
NET BOOK VALUE
At 31 December 2024 49,474 459,222 155,125 59,251
At 31 December 2023 49,474 459,222 155,125 59,251

Fixtures Greens,
Plant and and Irrigation shed &
machinery fittings system yard Totals
£    £    £    £    £   
COST
At 1 January 2024 409,183 320,254 - 43,463 1,495,972
Additions 5,599 11,909 276,550 - 294,058
At 31 December 2024 414,782 332,163 276,550 43,463 1,790,030
DEPRECIATION
At 1 January 2024 240,474 183,161 - - 423,635
Charge for year 27,182 21,897 7,682 - 56,761
At 31 December 2024 267,656 205,058 7,682 - 480,396
NET BOOK VALUE
At 31 December 2024 147,126 127,105 268,868 43,463 1,309,634
At 31 December 2023 168,709 137,093 - 43,463 1,072,337

Hale Golf Club Limited (Registered number: 13625648)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2024
and 31 December 2024 154,225
DEPRECIATION
At 1 January 2024 21,342
Charge for year 19,278
At 31 December 2024 40,620
NET BOOK VALUE
At 31 December 2024 113,605
At 31 December 2023 132,883

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,294 69,971
Other debtors 12,497 7,872
50,791 77,843

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 25,789 25,789
Trade creditors 33,241 15,023
Taxation and social security 7,076 12,335
Other creditors 307,030 300,184
373,136 353,331

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 61,234 87,023
Members Loans 245,750 245,750
306,984 332,773

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 87,023 112,812

Hire purchase liabilities are secured on the assets to which they relate.

Hale Golf Club Limited (Registered number: 13625648)

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

9. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 17,964 292,915

10. RELATED PARTY DISCLOSURES

Under the Company's articles, certain directors are granted a waiver of their annual subscriptions.

In 2024, five directors were granted a full waiver of the annual subscriptions of £1,350 and five directors were granted a waiver of 50%.