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REGISTERED NUMBER: 09347409 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

CHORLEY GOLF CLUB LIMITED

CHORLEY GOLF CLUB LIMITED (REGISTERED NUMBER: 09347409)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHORLEY GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







DIRECTORS: P N Lowe
D P Myers
P L Dodd
B A Rigby
Ms K A Leach
R Lal
D Wright
A Taylor





REGISTERED OFFICE: Chorley Golf Club
Hall o'th' Hill
Heath Charnock
Chorley
PR6 9HX





REGISTERED NUMBER: 09347409 (England and Wales)





ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ

CHORLEY GOLF CLUB LIMITED (REGISTERED NUMBER: 09347409)

BALANCE SHEET
30TH NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 940,847 952,632

CURRENT ASSETS
Stocks 20,200 26,500
Debtors 5 38,240 26,571
Cash at bank and in hand 5,394 99,422
63,834 152,493
CREDITORS
Amounts falling due within one year 6 280,315 306,317
NET CURRENT LIABILITIES (216,481 ) (153,824 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

724,366

798,808

CREDITORS
Amounts falling due after more than one
year

7

107,403

147,005
NET ASSETS 616,963 651,803

RESERVES
Income and expenditure account 616,963 651,803
616,963 651,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

CHORLEY GOLF CLUB LIMITED (REGISTERED NUMBER: 09347409)

BALANCE SHEET - continued
30TH NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th March 2025 and were signed on its behalf by:





B A Rigby - Director


CHORLEY GOLF CLUB LIMITED (REGISTERED NUMBER: 09347409)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024

1. STATUTORY INFORMATION

Chorley 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.

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
Revenue, described as turnover, represents income from the operation of a golf club stated net of VAT.

Depreciation
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 and course - at varying rates on cost
Plant, machinery and motor vehicle - 20% on cost
Fixtures, fittings and equipment - 20% on cost and 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 Statement of Income and Retained Earnings, 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.

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.

CHORLEY GOLF CLUB LIMITED (REGISTERED NUMBER: 09347409)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant, Fixtures,
Clubhouse machinery fittings
and and motor and
course vehicle equipment Totals
£    £    £    £   
COST
At 1st December 2023 917,078 109,056 106,505 1,132,639
Additions - - 33,055 33,055
Disposals - (6,151 ) (8,038 ) (14,189 )
At 30th November 2024 917,078 102,905 131,522 1,151,505
DEPRECIATION
At 1st December 2023 39,206 48,616 92,185 180,007
Charge for year 9,800 - 33,825 43,625
Eliminated on disposal - (4,936 ) (8,038 ) (12,974 )
At 30th November 2024 49,006 43,680 117,972 210,658
NET BOOK VALUE
At 30th November 2024 868,072 59,225 13,550 940,847
At 30th November 2023 877,872 60,440 14,320 952,632

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant, Fixtures,
machinery fittings
and motor and
vehicle equipment Totals
£    £    £   
COST
At 1st December 2023
and 30th November 2024 102,905 - 102,905
DEPRECIATION
At 1st December 2023 44,500 - 44,500
Charge for year - 21,425 21,425
At 30th November 2024 44,500 21,425 65,925
NET BOOK VALUE
At 30th November 2024 58,405 (21,425 ) 36,980
At 30th November 2023 58,405 - 58,405

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 38,240 26,571

CHORLEY GOLF CLUB LIMITED (REGISTERED NUMBER: 09347409)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 18,694 18,082
Taxation and social security 927 -
Other creditors 260,694 288,235
280,315 306,317

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 18,403 37,005
Other creditors 89,000 110,000
107,403 147,005

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 37,097 55,087