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REGISTERED NUMBER: 00111673 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Erewash Valley Golf Club Limited

Erewash Valley Golf Club Limited (Registered number: 00111673)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Erewash Valley Golf Club Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: M Coxall
P K Thomas
K D Darby
N J Sorrell
J F Tracey
A Saxton
P Howe
D Law
A S Cater
S C Murphy
M J Towle





SECRETARY: C V Baker





REGISTERED OFFICE: Golf Club Road
Stanton by Dale
Ilkeston
Derbyshire
DE7 4QR





REGISTERED NUMBER: 00111673 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Erewash Valley Golf Club Limited (Registered number: 00111673)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,199,020 1,198,702

CURRENT ASSETS
Stocks 14,993 12,625
Debtors 5 39,532 34,544
Cash at bank and in hand 315,537 343,711
370,062 390,880
CREDITORS
Amounts falling due within one year 6 353,664 337,631
NET CURRENT ASSETS 16,398 53,249
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,215,418

1,251,951

CREDITORS
Amounts falling due after more than one year 7 71,099 82,456
NET ASSETS 1,144,319 1,169,495

RESERVES
Revaluation reserve 8 290,925 290,925
Income and expenditure account 853,394 878,570
1,144,319 1,169,495

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Erewash Valley Golf Club Limited (Registered number: 00111673)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:




J F Tracey - Director



P K Thomas - Director


Erewash Valley Golf Club Limited (Registered number: 00111673)

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

1. STATUTORY INFORMATION

Erewash Valley 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.

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.
Clubhouse: Fixtures, Fittings & Equipment
-
33% on cost, 20% on reducing balance and at varying rates on cost
Car park & course: fittings
& equipment

fittings &

-

25% on reducing balance
Driving Range - 10% 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.

Erewash Valley Golf Club Limited (Registered number: 00111673)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 26 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Clubhouse: Car park
Fixtures, & course:
Freehold Fittings fittings Driving
land & Equipment & equipment Range Totals
£    £    £    £    £   
COST
At 1 November 2023 295,000 1,208,976 703,458 271,548 2,478,982
Additions - 1,673 125,898 - 127,571
Disposals - - (17,661 ) - (17,661 )
At 31 October 2024 295,000 1,210,649 811,695 271,548 2,588,892
DEPRECIATION
At 1 November 2023 - 700,222 496,710 83,348 1,280,280
Charge for year - 30,336 67,127 27,155 124,618
Eliminated on disposal - - (15,026 ) - (15,026 )
At 31 October 2024 - 730,558 548,811 110,503 1,389,872
NET BOOK VALUE
At 31 October 2024 295,000 480,091 262,884 161,045 1,199,020
At 31 October 2023 295,000 508,754 206,748 188,200 1,198,702

Erewash Valley Golf Club Limited (Registered number: 00111673)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Car park
& course:
fittings
& equipment
£   
COST
At 1 November 2023 67,633
Additions 34,171
At 31 October 2024 101,804
DEPRECIATION
At 1 November 2023 11,859
Charge for year 22,299
At 31 October 2024 34,158
NET BOOK VALUE
At 31 October 2024 67,646
At 31 October 2023 55,774

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 331 900
Other debtors 39,201 33,644
39,532 34,544

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 23,835 11,845
Trade creditors 22,262 34,827
Taxation and social security 18,269 16,055
Other creditors 289,298 274,904
353,664 337,631

Erewash Valley Golf Club Limited (Registered number: 00111673)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 42,099 41,456
Other creditors 29,000 41,000
71,099 82,456

8. RESERVES
Revaluation
reserve
£   
At 1 November 2023
and 31 October 2024 290,925

9. ULTIMATE CONTROLLING PARTY

The Club is under the control of the Committee acting on behalf of the members.

10. GUARANTEE

The company is limited by guarantee. In the event of a winding up the liability of members and past members, who would be contributories, would be limited to £5 each.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Erewash Valley Golf Club Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Erewash Valley Golf Club Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Erewash Valley Golf Club Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Erewash Valley Golf Club Limited and state those matters that we have agreed to state to the Board of Directors of Erewash Valley Golf Club Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Erewash Valley Golf Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Erewash Valley Golf Club Limited. You consider that Erewash Valley Golf Club Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Erewash Valley Golf Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


24 January 2025