Company Registration No. 10280338 (England and Wales)
YORK GOLF CLUB LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
IDS Chartered Accountants LLP
23/25 Queen Street
COLERAINE
Co Londonderry
BT52 1BG
YORK GOLF CLUB LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
YORK GOLF CLUB LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,739,427
1,606,875
Current assets
Stocks
7,885
8,084
Debtors
1,880
536
Cash at bank and in hand
291,449
314,939
301,214
323,559
Creditors: amounts falling due within one year
4
(301,249)
(243,077)
Net current (liabilities)/assets
(35)
80,482
Total assets less current liabilities
1,739,392
1,687,357
Creditors: amounts falling due after more than one year
5
(245,892)
(235,311)
Net assets
1,493,500
1,452,046
Reserves
Income and expenditure account
1,493,500
1,452,046

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 17 February 2025 and are signed on its behalf by:
K Dunham
P Bullivant
Director
Director
Company Registration No. 10280338
YORK GOLF CLUB LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

York Golf Club Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Lords Moor Lane, Strensall, YORK, YO32 5XF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

The accounts have been prepared on the assumption that the company is able to carry on business as a going concern.

1.3
Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land
Nil
Buildings
5%-20% pa straight line method
Clubhouse and equipment
20% pa straight line method
Course improvements
10% pa straight line method
Machinery & equipment
10%-20% pa straight line method
1.5
Stocks

Stock is valued at the lower of cost and net realisable value. Cost is defined as that expenditure which has been incurred in bringing the product/service to its present location and condition. Net realisable value is based on normal selling price, less further costs expected to be incurred to completion and disposal.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6
Taxation

The yearly charge for taxation is based on the profit for the year and is calculated with reference to the tax rates applying at the balance sheet date.

1.7
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 the profit and loss account in the period to which they relate.

YORK GOLF CLUB LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2024
1,747,381
157,614
1,904,995
Additions
-
0
193,979
193,979
Disposals
(7,431)
(53,158)
(60,589)
At 31 December 2024
1,739,950
298,435
2,038,385
Depreciation and impairment
At 1 January 2024
198,396
99,724
298,120
Depreciation charged in the year
31,332
29,119
60,451
Eliminated in respect of disposals
(7,431)
(52,182)
(59,613)
At 31 December 2024
222,297
76,661
298,958
Carrying amount
At 31 December 2024
1,517,653
221,774
1,739,427
At 31 December 2023
1,548,985
57,890
1,606,875
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
81,316
79,440
Trade creditors
60,543
12,524
Corporation tax
849
4,399
Other creditors
158,541
146,714
301,249
243,077
YORK GOLF CLUB LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
58,902
142,094
Other creditors
186,990
93,217
245,892
235,311
6
Members' liability

The company is Ltd by guarantee not having a share capital. Every member undertakes to contribute to the assets of the Club, in the event of it being wound up while he is a Member, or within one year afterwards, for the payment of debts and liabilities of the Club contracted before he ceases to be a Member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves, such amount as may be required not exceeding One Pound.

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