IRIS Accounts Production v24.3.2.46 00413370 Board of Directors 1.10.23 30.9.24 30.9.24 19/3/2025 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh004133702023-09-30004133702024-09-30004133702023-10-012024-09-30004133702022-09-30004133702022-10-012023-09-30004133702023-09-3000413370ns15:EnglandWales2023-10-012024-09-3000413370ns14:PoundSterling2023-10-012024-09-3000413370ns10:Director12023-10-012024-09-3000413370ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3000413370ns10:SmallEntities2023-10-012024-09-3000413370ns10:Audited2023-10-012024-09-3000413370ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3000413370ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3000413370ns10:FullAccounts2023-10-012024-09-3000413370ns10:OrdinaryShareClass12023-10-012024-09-3000413370ns10:Director22023-10-012024-09-3000413370ns10:Director32023-10-012024-09-3000413370ns10:Director42023-10-012024-09-3000413370ns10:Director52023-10-012024-09-3000413370ns10:RegisteredOffice2023-10-012024-09-3000413370ns5:CurrentFinancialInstruments2024-09-3000413370ns5:CurrentFinancialInstruments2023-09-3000413370ns5:Non-currentFinancialInstruments2024-09-3000413370ns5:Non-currentFinancialInstruments2023-09-3000413370ns5:ShareCapital2024-09-3000413370ns5:ShareCapital2023-09-3000413370ns5:RetainedEarningsAccumulatedLosses2024-09-3000413370ns5:RetainedEarningsAccumulatedLosses2023-09-3000413370ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-10-012024-09-3000413370ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-012024-09-3000413370ns5:PlantMachinery2023-10-012024-09-3000413370ns5:FurnitureFittings2023-10-012024-09-3000413370ns5:ComputerEquipment2023-10-012024-09-3000413370ns5:LandBuildings2023-09-3000413370ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-3000413370ns5:PlantMachinery2023-09-3000413370ns5:LandBuildings2023-10-012024-09-3000413370ns5:LandBuildings2024-09-3000413370ns5:LongLeaseholdAssetsns5:LandBuildings2024-09-3000413370ns5:PlantMachinery2024-09-3000413370ns5:LandBuildings2023-09-3000413370ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-3000413370ns5:PlantMachinery2023-09-3000413370ns5:FurnitureFittings2023-09-3000413370ns5:ComputerEquipment2023-09-3000413370ns5:FurnitureFittings2024-09-3000413370ns5:ComputerEquipment2024-09-3000413370ns5:FurnitureFittings2023-09-3000413370ns5:ComputerEquipment2023-09-3000413370ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3000413370ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3000413370ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 00413370 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

WIGAN GOLF CLUB LIMITED

WIGAN GOLF CLUB LIMITED (REGISTERED NUMBER: 00413370)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WIGAN GOLF CLUB LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: Mrs J E Lowe
B A Mort
M S Gregory
D J Gregson
C J Robinson





REGISTERED OFFICE: Arley Hall
Haigh
Wigan
Lancashire
WN1 2UH





REGISTERED NUMBER: 00413370 (England and Wales)





AUDITORS: Fairhurst Audit Services Ltd
Statutory Auditor
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

WIGAN GOLF CLUB LIMITED (REGISTERED NUMBER: 00413370)

STATEMENT OF FINANCIAL POSITION
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 625,723 623,784

CURRENT ASSETS
Stocks 10,582 14,842
Debtors 5 28,480 10,406
Cash at bank and in hand 11,174 20,419
50,236 45,667
CREDITORS
Amounts falling due within one year 6 118,253 195,281
NET CURRENT LIABILITIES (68,017 ) (149,614 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

557,706

474,170

CREDITORS
Amounts falling due after more than one
year

7

(63,093

)

(67,679

)

ACCRUALS AND DEFERRED INCOME (112,771 ) -
NET ASSETS 381,842 406,491

CAPITAL AND RESERVES
Called up share capital 8 490 578
Retained earnings 381,352 405,913
SHAREHOLDERS' FUNDS 381,842 406,491

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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





Mrs J E Lowe - Director


WIGAN GOLF CLUB LIMITED (REGISTERED NUMBER: 00413370)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Wigan Golf Club Limited is a private company, limited by shares , 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.

Going Concern
The Directors recognise that the balance sheet shown net current liabilities however they have reviewed the budget, cash flows and cost saving initiatives to be implemented and have concluded that the club will have sufficient resources to remain in operation for at least 12 months following the signing of the accounts.

They are therefore of the opinion that the going concern basis for the preparation of these accounts remains appropriate.

Turnover
Turnover represents income from membership subscriptions, bar income, green fees, competition fees, room hire fees and sundry income and is stated exclusive of VAT, where appropriate.

Income from membership income is recognised evenly over the accounting period into which it falls due.

Income from bar sales is recognised at the point of sale.

Income from green fees and competition fees are recognised at the point at which the customer receives the service.

Room hire fees are recognised at the point at which the event is held.

Sundry income is usually recognised at the point at which the service is provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Long leasehold - not provided
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

No depreciation has been provided on freehold property and long leasehold property on the grounds that the depreciation charge and accumulated depreciation are not material. This is due to the high residual value of the land and building. The company performs an annual maintenance review and has a policy and practice of regular maintenance and repair, such that the asset is kept at its previously assessed standard of performance, and it is unlikely to suffer from economic or technological obsolescence.

Stocks
Bar stocks have been valued independently by professional stock takers and have been stated at the lower of cost and net estimated selling price.


WIGAN GOLF CLUB LIMITED (REGISTERED NUMBER: 00413370)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, 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 statement of financial position date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the statement of financial position and are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to income statement as incurred.

Pension costs and other post-retirement benefits
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.

Financial instruments
The company only uses basic financial instruments. The following assets and liabilities are classified as financial instruments; trade debtors, bank loans, hire purchase agreements, trade creditors and accruals.

Financial instruments that are payable or receivable within one year; typically trade debtors, trade creditors and accruals are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

Financial instruments repayable in more than one year such as bank loans and hire purchase agreements are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 19 ) .

WIGAN GOLF CLUB LIMITED (REGISTERED NUMBER: 00413370)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 October 2023 246,842 350,273 165,864
Additions - - -
At 30 September 2024 246,842 350,273 165,864
DEPRECIATION
At 1 October 2023 - - 160,473
Charge for year - - 1,862
At 30 September 2024 - - 162,335
NET BOOK VALUE
At 30 September 2024 246,842 350,273 3,529
At 30 September 2023 246,842 350,273 5,391

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 87,296 4,049 854,324
Additions 9,466 368 9,834
At 30 September 2024 96,762 4,417 864,158
DEPRECIATION
At 1 October 2023 66,018 4,049 230,540
Charge for year 6,021 12 7,895
At 30 September 2024 72,039 4,061 238,435
NET BOOK VALUE
At 30 September 2024 24,723 356 625,723
At 30 September 2023 21,278 - 623,784

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 28,480 10,406

WIGAN GOLF CLUB LIMITED (REGISTERED NUMBER: 00413370)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 40,104 52,247
Taxation and social security 6,327 12,394
Other creditors 66,266 125,084
118,253 195,281

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 25,927 31,483
Other creditors 37,166 36,196
63,093 67,679

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,704 9,260

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
490 Ordinary £1 490 578
(2023 - 578 )

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mrs Jane Dennis BA(Hons) FCA (Senior Statutory Auditor)
for and on behalf of Fairhurst Audit Services Ltd

10. OBLIGATIONS UNDER OPERATING LEASES

Lessee

At the reporting end date the company had outstanding commitments for future minimum lease
payments under non-cancellable operating leases, which fall due as follows:


20242023
££
Within one year66,30368,524
Between two and five years72,500126,302
138,803194,826

WIGAN GOLF CLUB LIMITED (REGISTERED NUMBER: 00413370)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

11. ULTIMATE CONTROLLING PARTY

The club is controlled by its management committee acting in the interests of the members.