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REGISTERED NUMBER: 10397564 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Hexham Golf And Hospitality Limited

Hexham Golf And Hospitality Limited (Registered number: 10397564)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hexham Golf And Hospitality Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: M Bayly
Mrs A J D Bennett
S Brown
I Crawford
D Fletcher
S Heads
Mrs S L Mather
Mrs J Purdy
P J Smith
W Stevenson
D Watts
G Wilson





REGISTERED OFFICE: Spital Park
Hexham
NE46 3RZ





REGISTERED NUMBER: 10397564 (England and Wales)






Hexham Golf And Hospitality Limited (Registered number: 10397564)

Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 18,678

CURRENT ASSETS
Stocks - 8,207
Debtors 5 - 4,910
Cash at bank - 68,109
- 81,226
CREDITORS
Amounts falling due within one year 6 - 99,202
NET CURRENT LIABILITIES - (17,976 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

702

RESERVES
Other reserves 58,000 58,000
Income and expenditure account (58,000 ) (57,298 )
- 702

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

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

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 10 December 2024 and were signed on its behalf by:





G Wilson - Director


Hexham Golf And Hospitality Limited (Registered number: 10397564)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Hexham Golf And Hospitality 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

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. The principal accounting
policies adopted are set out below.

Going concern

In determining the appropriateness of the use of the going concern basis of preparation of the financial
statements, the directors were required to consider whether the company could continue in operational
existence for the foreseeable future.

The directors transferred for £nil the whole trade and assets of the company to Hexham Golf Club Limited, a company limited by guarantee and the sole subscriber to Hexham Golf & Hospitality Limited, with economic effect from 1 October 2023.

Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.
Expenses include VAT where applicable as the company cannot reclaim it.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Hexham Golf And Hospitality Limited (Registered number: 10397564)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to
determine whether there is any indication that those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the
impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset,
the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use,
the estimated future cash flows are discounted to their present value using a pre-tax discount rate that
reflects current market assessments of the time value of money and the risks specific to the asset for which
the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying
amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An
impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a
revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased
carrying amount does not exceed the carrying amount that would have been determined had no impairment
loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is
recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in
which case the reversal of the impairment loss is treated as a revaluation increase.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and
replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks
over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or
loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments
The company only enters into financial instruments transactions that result in the recognition of basic debt
financial assets and liabilities like trade and other accounts receivable and payable, cash and bank balances and loans to or from related parties, including fellow group companies. All such instruments are due within one year, and are measured, initially and subsequently at the transaction price.

At the end of each reporting period debt financial assets are assessed for impairment, and their carrying
value reduced if necessary. Any impairment charge is recognised in the profit and loss account.


Hexham Golf And Hospitality Limited (Registered number: 10397564)

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 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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs
are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are
received.

Termination benefits are recognised immediately as an expense when the company is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with
banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 12 ).

Hexham Golf And Hospitality Limited (Registered number: 10397564)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 143,217
Disposals (143,217 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 124,539
Eliminated on disposal (124,539 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 18,678

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors - 572
Other debtors - 4,338
- 4,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade creditors - 22,132
Taxation and social security - 33,928
Other creditors - 43,142
- 99,202

7. RELATED PARTY TRANSACTIONS

Hexham Golf & Hospitality Limited operated a loan account with Hexham Golf Club Limited, a company limited by guarantee which was the sole subscriber to Hexham Golf & Hospitality Limited.

At 30 September 2024 a balance of £nil (2023: £17,919) was owed to Hexham Golf Club Limited by Hexham Golf & Hospitality Limited.

No interest was charged to Hexham Golf & Hospitality Limited on this balance.

The directors transferred for £nil the whole trade and assets of the company to Hexham Golf Club Limited, a company limited by guarantee and the sole subscriber to Hexham Golf & Hospitality Limited, with economic effect from 1 October 2023.

Hexham Golf And Hospitality Limited (Registered number: 10397564)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. MEMBERS' LIABILITY

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.