Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31992023-09-01falsegolf clubtruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00069797 2023-09-01 2024-12-31 00069797 2022-09-01 2023-08-31 00069797 2024-12-31 00069797 2023-08-31 00069797 c:Director1 2023-09-01 2024-12-31 00069797 c:Director2 2023-09-01 2024-12-31 00069797 c:Director2 2024-12-31 00069797 c:Director3 2023-09-01 2024-12-31 00069797 c:Director4 2023-09-01 2024-12-31 00069797 c:Director5 2023-09-01 2024-12-31 00069797 c:Director5 2024-12-31 00069797 c:Director7 2023-09-01 2024-12-31 00069797 c:Director8 2023-09-01 2024-12-31 00069797 c:Director9 2023-09-01 2024-12-31 00069797 c:Director9 2024-12-31 00069797 c:Director10 2023-09-01 2024-12-31 00069797 c:Director11 2023-09-01 2024-12-31 00069797 c:Director11 2024-12-31 00069797 c:Director12 2023-09-01 2024-12-31 00069797 c:Director12 2024-12-31 00069797 c:Director14 2023-09-01 2024-12-31 00069797 c:Director17 2023-09-01 2024-12-31 00069797 c:Director17 2024-12-31 00069797 c:RegisteredOffice 2023-09-01 2024-12-31 00069797 d:Buildings 2023-09-01 2024-12-31 00069797 d:Buildings 2024-12-31 00069797 d:Buildings 2023-08-31 00069797 d:Buildings d:OwnedOrFreeholdAssets 2023-09-01 2024-12-31 00069797 d:LandBuildings 2024-12-31 00069797 d:LandBuildings 2023-08-31 00069797 d:PlantMachinery 2023-09-01 2024-12-31 00069797 d:PlantMachinery 2024-12-31 00069797 d:PlantMachinery 2023-08-31 00069797 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-12-31 00069797 d:FurnitureFittings 2023-09-01 2024-12-31 00069797 d:FurnitureFittings 2024-12-31 00069797 d:FurnitureFittings 2023-08-31 00069797 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-12-31 00069797 d:OtherPropertyPlantEquipment 2023-09-01 2024-12-31 00069797 d:OtherPropertyPlantEquipment 2024-12-31 00069797 d:OtherPropertyPlantEquipment 2023-08-31 00069797 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-12-31 00069797 d:OwnedOrFreeholdAssets 2023-09-01 2024-12-31 00069797 d:CurrentFinancialInstruments 2024-12-31 00069797 d:CurrentFinancialInstruments 2023-08-31 00069797 d:Non-currentFinancialInstruments 2024-12-31 00069797 d:Non-currentFinancialInstruments 2023-08-31 00069797 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 00069797 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 00069797 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 00069797 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 00069797 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 00069797 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 00069797 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 00069797 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 00069797 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 00069797 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 00069797 d:RetainedEarningsAccumulatedLosses 2024-12-31 00069797 d:RetainedEarningsAccumulatedLosses 2023-08-31 00069797 c:FRS102 2023-09-01 2024-12-31 00069797 c:AuditExemptWithAccountantsReport 2023-09-01 2024-12-31 00069797 c:FullAccounts 2023-09-01 2024-12-31 00069797 c:PrivateLimitedCompanyLtd 2023-09-01 2024-12-31 00069797 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 00069797 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 00069797 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 00069797 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 00069797 2 2023-09-01 2024-12-31 00069797 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2024-12-31 00069797 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-08-31 00069797 d:LeasedAssetsHeldAsLessee 2024-12-31 00069797 d:LeasedAssetsHeldAsLessee 2023-08-31 00069797 e:PoundSterling 2023-09-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 00069797










MUNDESLEY GOLF CLUB LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
MUNDESLEY GOLF CLUB LIMITED
 
 
COMPANY INFORMATION


Directors
Paul Nicholas Harrington 
Carol Ann Baker (appointed 1 December 2023)
Paul Stephen Ellis 
Vivien Harrington 
Andrew Paul Basson (appointed 1 December 2023)
Caroline Jane Shipp 
Andrew William Keates 
Ryan Clarke (appointed 1 December 2023)
James Irving Mcquattie 
Stuart Brian Craske (appointed 1 December 2023)
Angela Sargeant Ellis (appointed 1 December 2023)
John Sewell 
Patrick Peal (appointed 1 December 2023)




Registered number
00069797



Registered office
Links Road
Mundesley

Norwich

Norfolk

NR11 8ES





 
MUNDESLEY GOLF CLUB LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 11


 
MUNDESLEY GOLF CLUB LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MUNDESLEY GOLF CLUB LIMITED
FOR THE PERIOD ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MUNDESLEY GOLF CLUB LIMITED for the period ended 31 December 2024 which comprise  the 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 Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of MUNDESLEY GOLF CLUB LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of MUNDESLEY GOLF CLUB LIMITED and state those matters that we have agreed to state to the Board of Directors of MUNDESLEY GOLF CLUB LIMITED, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MUNDESLEY GOLF CLUB LIMITED and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that MUNDESLEY 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 MUNDESLEY GOLF CLUB LIMITED. You consider that MUNDESLEY GOLF CLUB LIMITED is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of MUNDESLEY 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.

  



MA Partners LLP
 
Chartered Accountants
  
12 Church Street
Cromer
Norfolk
NR27 9ER
11 March 2025
Page 1

 
MUNDESLEY GOLF CLUB LIMITED
REGISTERED NUMBER: 00069797

BALANCE SHEET
AS AT 31 DECEMBER 2024

31 December
31 August
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
165,866
188,468

  
165,866
188,468

Current assets
  

Stocks
  
24,218
33,734

Debtors: amounts falling due within one year
 5 
6,912
9,020

Cash at bank and in hand
 6 
159,659
145,521

  
190,789
188,275

Creditors: amounts falling due within one year
 7 
(172,022)
(144,678)

Net current assets
  
 
 
18,767
 
 
43,597

Total assets less current liabilities
  
184,633
232,065

Creditors: amounts falling due after more than one year
 8 
(59,139)
(86,969)

  

Net assets
  
125,494
145,096


Capital and reserves
  

Profit and loss account
  
125,494
145,096

  
125,494
145,096


Page 2

 
MUNDESLEY GOLF CLUB LIMITED
REGISTERED NUMBER: 00069797
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 period 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 comprehensive income 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 on 11 March 2025.




................................................
Vivien Harrington
................................................
John Sewell
Director
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
MUNDESLEY GOLF CLUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

The Company is a private company limited by shares.  It is both incorporated and domiciled in England and Wales.  The address of its registered office is Links Road, Mundesley, Norwich, Norfolk, NR11 8ES.
The Company's principal activity is that of a golf club and bar and catering facilitiy.  

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
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 golf and other sporting equipment 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 is comprised of services for use of the golf course including membership subscirptions and green fees.  Revenue is also comprised from events and catering services at the golf club.  These services are 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.

Page 4

 
MUNDESLEY GOLF CLUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

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 profit or loss 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.

 
2.7

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, using the straight-line method and on a reducing balance.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant and machinery
-
5%
& 20% reducing balance
Fixtures and fittings
-
15%
reducing balance
Leased assets
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
MUNDESLEY GOLF CLUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are valued at the lower of cost and estimate selling price less costs to complete and sell.  Costs, which comprise of direct production costs, are based on the method most appropriated to the type of inventory class, but usually on a first in first out basis.  Overheads are charged to profit and loss as incurred.  Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred in the sale.  

 
2.9

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.

 
2.10

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.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 9 (2023 - 9).

Page 6

 
MUNDESLEY GOLF CLUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Tangible fixed assets







Freehold property
Plant and machinery
Fixtures and fittings
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 September 2023
163,333
114,258
111,022
197,350
585,963


Additions
-
-
10,520
-
10,520


Disposals
-
-
(5,125)
-
(5,125)



At 31 December 2024

163,333
114,258
116,417
197,350
591,358



Depreciation


At 1 September 2023
96,347
77,593
84,632
138,923
397,495


Charge for the period on owned assets
4,356
4,232
7,017
15,588
31,193


Disposals
-
-
(3,196)
-
(3,196)



At 31 December 2024

100,703
81,825
88,453
154,511
425,492



Net book value



At 31 December 2024
62,630
32,433
27,964
42,839
165,866



At 31 August 2023
66,986
36,665
26,390
58,427
188,468




The net book value of land and buildings may be further analysed as follows:


31 December
31 August
2024
2023
£
£

Freehold
62,630
66,986

62,630
66,986


The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


31 December
31 August
2024
2023
£
£

Page 7

 
MUNDESLEY GOLF CLUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

           4.Tangible fixed assets (continued)



Other fixed assets
60,623
59,744

60,623
59,744

Page 8

 
MUNDESLEY GOLF CLUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

5.


Debtors

31 December
31 August
2024
2023
£
£


Trade debtors
628
-

Other debtors
100
-

Prepayments and accrued income
6,184
9,020

6,912
9,020



6.


Cash and cash equivalents

31 December
31 August
2024
2023
£
£

Cash at bank and in hand
159,659
145,521

159,659
145,521



7.


Creditors: Amounts falling due within one year

31 December
31 August
2024
2023
£
£

Bank loans
5,556
5,556

Trade creditors
26,881
31,059

Other taxation and social security
3,765
5,801

Obligations under finance lease and hire purchase contracts
19,918
19,071

Other creditors
124
24

Accruals and deferred income
115,778
83,167

172,022
144,678


Page 9

 
MUNDESLEY GOLF CLUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due after more than one year

31 December
31 August
2024
2023
£
£

Bank loans
26,389
33,796

Net obligations under finance leases and hire purchase contracts
22,250
40,673

Other creditors
10,500
12,500

59,139
86,969



9.


Loans


Analysis of the maturity of loans is given below:


31 December
31 August
2024
2023
£
£

Amounts falling due within one year

Bank loans
5,556
5,556


5,556
5,556

Amounts falling due 1-2 years

Bank loans
5,556
5,556


5,556
5,556

Amounts falling due 2-5 years

Bank loans
16,667
16,667


16,667
16,667

Amounts falling due after more than 5 years

Bank loans
4,166
11,573

4,166
11,573

31,945
39,352


Page 10

 
MUNDESLEY GOLF CLUB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

31 December
31 August
2024
2023
£
£


Within one year
19,918
19,071

Between 1-5 years
22,250
40,673

42,168
59,744


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,360 (2023 - £2,238) . Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 11