Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30false2023-10-01No description of principal activity3240falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00186498 2023-10-01 2024-09-30 00186498 2022-10-01 2023-09-30 00186498 2024-09-30 00186498 2023-09-30 00186498 c:Director3 2023-10-01 2024-09-30 00186498 d:Buildings 2023-10-01 2024-09-30 00186498 d:Buildings 2024-09-30 00186498 d:Buildings 2023-09-30 00186498 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00186498 d:PlantMachinery 2023-10-01 2024-09-30 00186498 d:PlantMachinery 2024-09-30 00186498 d:PlantMachinery 2023-09-30 00186498 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00186498 d:FurnitureFittings 2023-10-01 2024-09-30 00186498 d:FurnitureFittings 2024-09-30 00186498 d:FurnitureFittings 2023-09-30 00186498 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00186498 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 00186498 d:OtherPropertyPlantEquipment 2024-09-30 00186498 d:OtherPropertyPlantEquipment 2023-09-30 00186498 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00186498 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00186498 d:CurrentFinancialInstruments 2024-09-30 00186498 d:CurrentFinancialInstruments 2023-09-30 00186498 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 00186498 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 00186498 d:ShareCapital 2024-09-30 00186498 d:ShareCapital 2023-09-30 00186498 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 00186498 d:RetainedEarningsAccumulatedLosses 2024-09-30 00186498 d:RetainedEarningsAccumulatedLosses 2023-09-30 00186498 c:FRS102 2023-10-01 2024-09-30 00186498 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 00186498 c:FullAccounts 2023-10-01 2024-09-30 00186498 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00186498 2 2023-10-01 2024-09-30 00186498 6 2023-10-01 2024-09-30 00186498 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 00186498


WELLINGBOROUGH GOLF CLUB COMPANY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
WELLINGBOROUGH GOLF CLUB COMPANY LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 9


 
WELLINGBOROUGH GOLF CLUB COMPANY LIMITED
REGISTERED NUMBER:00186498

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
1,695,689
1,730,811

Investments
 5 
1,749,530
1,609,904

  
3,445,219
3,340,715

Current assets
  

Stocks
  
20,131
19,796

Debtors: amounts falling due within one year
 6 
67,806
70,610

Cash at bank and in hand
 7 
453,308
446,588

  
541,245
536,994

Creditors: amounts falling due within one year
 8 
(436,310)
(425,461)

Net current assets
  
 
 
104,935
 
 
111,533

  

Net assets
  
3,550,154
3,452,248


Capital and reserves
  

Called up share capital 
  
1,581
1,581

Profit and loss account
 11 
3,548,573
3,450,667

  
3,550,154
3,452,248


Page 1

 
WELLINGBOROUGH GOLF CLUB COMPANY LIMITED
REGISTERED NUMBER:00186498
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






................................................
S D Munns
Director

Date: 5 March 2025


The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
WELLINGBOROUGH GOLF CLUB COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Wellingborough Golf Club Company Limited is a private company limited by shares, incorporated in England and Wales, registered number 00186498.
The registered office and principal place of business is Harrowden Hall, Great Harrowden, Northamptonshire, NN9 5AD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

Page 3

 
WELLINGBOROUGH GOLF CLUB COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Subscription income
Subscription income received in respect of future periods is recorded as income in advance within creditors and released as it is due.

Page 4

 
WELLINGBOROUGH GOLF CLUB COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives:

Depreciation is provided on the following basis:

Freehold land and buildings
-
50 years
Plant and machinery
-
5 years
Fixtures and fittings
-
5 - 10 years
Course reconstruction
-
20 years

 
2.4

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

  
2.5

Stocks

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

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

  
2.9

Creditors

Short term creditors are measured at the transaction price.

Page 5

 
WELLINGBOROUGH GOLF CLUB COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

 
2.11

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.12

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the Company pays fixed contributions into a separate entity. Once the
contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Income and Retained Earnings
when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The
assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 32 (2023 - 40).

Page 6

 
WELLINGBOROUGH GOLF CLUB COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Freehold land and buildings
Plant and machinery
Fixtures & fittings
Course reconstruction
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
751,618
1,134,021
1,057,211
1,861,245
4,804,095


Additions
-
93,246
63,639
12,387
169,272


Disposals
-
(26,653)
-
-
(26,653)



At 30 September 2024

751,618
1,200,614
1,120,850
1,873,632
4,946,714



Depreciation


At 1 October 2023
290,095
978,748
864,509
939,932
3,073,284


Charge for the year on owned assets
15,032
69,700
59,750
59,912
204,394


Disposals
-
(26,653)
-
-
(26,653)



At 30 September 2024

305,127
1,021,795
924,259
999,844
3,251,025



Net book value



At 30 September 2024
446,491
178,819
196,591
873,788
1,695,689



At 30 September 2023
461,523
155,273
192,702
921,313
1,730,811


5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 October 2023
1,609,904


Additions
426,714


Disposals
(424,980)


Revaluations
137,892



At 30 September 2024
1,749,530




Page 7

 
WELLINGBOROUGH GOLF CLUB COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
28,457
35,068

Other debtors
39,349
35,542

67,806
70,610



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
453,308
446,588



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
61,476
71,055

Other taxation and social security
29,493
20,490

Other creditors
345,341
333,916

436,310
425,461





9.


Capital commitments


At 30 September 2024 the Company had capital commitments as follows:

2024
2023
£
£


Capital items contracted for but not provided in these financial statements.
22,500
47,000

Page 8

 
WELLINGBOROUGH GOLF CLUB COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Pension commitments

The Company operates a defined contributions pension scheme for the employees (excluding the directors). 
The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £nil (2023 - £nil) were payable to the fund at the balance sheet date and are included in creditors.


11.


Reserves

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.

 
Page 9