HEATON PARK GOLF C.I.C.

Company Registration Number:
11888279 (England and Wales)

Unaudited statutory accounts for the year ended 28 March 2024

Period of accounts

Start date: 30 March 2023

End date: 28 March 2024

HEATON PARK GOLF C.I.C.

Contents of the Financial Statements

for the Period Ended 28 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HEATON PARK GOLF C.I.C.

Directors' report period ended 28 March 2024

The directors present their report with the financial statements of the company for the period ended 28 March 2024

Directors

The directors shown below have held office during the whole of the period from
30 March 2023 to 28 March 2024

J Jackson
A Terry


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 October 2024

And signed on behalf of the board by:
Name: J Jackson
Status: Director

HEATON PARK GOLF C.I.C.

Profit And Loss Account

for the Period Ended 28 March 2024

2024 2023


£

£
Turnover: 567,382 437,825
Cost of sales: ( 372,826 ) ( 290,581 )
Gross profit(or loss): 194,556 147,244
Administrative expenses: ( 197,742 ) ( 163,654 )
Other operating income: 4,500
Operating profit(or loss): (3,186) (11,910)
Interest receivable and similar income: 125
Profit(or loss) before tax: (3,061) (11,910)
Tax: 12 5,353
Profit(or loss) for the financial year: (3,049) (6,557)

HEATON PARK GOLF C.I.C.

Balance sheet

As at 28 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 15,690 31,971
Total fixed assets: 15,690 31,971
Current assets
Stocks: 4 2,300
Debtors: 5 47,881 2,325
Cash at bank and in hand: 25,758 40,957
Total current assets: 73,639 45,582
Creditors: amounts falling due within one year: 6 ( 36,984 ) ( 12,818 )
Net current assets (liabilities): 36,655 32,764
Total assets less current liabilities: 52,345 64,735
Creditors: amounts falling due after more than one year: 7 ( 35,699 ) ( 43,092 )
Provision for liabilities: ( 4,127 ) ( 6,075 )
Total net assets (liabilities): 12,519 15,568
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 12,517 15,566
Total Shareholders' funds: 12,519 15,568

The notes form part of these financial statements

HEATON PARK GOLF C.I.C.

Balance sheet statements

For the year ending 28 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 15 October 2024
and signed on behalf of the board by:

Name: J Jackson
Status: Director

The notes form part of these financial statements

HEATON PARK GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 28 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

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

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Plant and machinery - 20% on cost Fixtures and fittings - 15% on reducing balance

    Other accounting policies

    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 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. Hire purchase and leasing commitments Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. 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 profit or loss in the period to which they relate.

HEATON PARK GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 28 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 21 20

HEATON PARK GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 28 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 30 March 2023 72,100 6,077 909 79,086
Additions 10,150 2,500 12,650
Disposals ( 13,292 ) ( 953 ) ( 152 ) ( 14,397 )
Revaluations
Transfers
At 28 March 2024 68,958 7,624 757 77,339
Depreciation
At 30 March 2023 43,831 2,899 385 47,115
Charge for year 13,552 878 104 14,534
On disposals
Other adjustments
At 28 March 2024 57,383 3,777 489 61,649
Net book value
At 28 March 2024 11,575 3,847 268 15,690
At 29 March 2023 28,269 3,178 524 31,971

HEATON PARK GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 28 March 2024

4. Stocks

2024 2023
£ £
Stocks 2,300
Total   2,300

HEATON PARK GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 28 March 2024

5. Debtors

2024 2023
£ £
Prepayments and accrued income 459 2,325
Other debtors 47,422
Total 47,881 2,325

HEATON PARK GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 28 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 19,041 115
Taxation and social security 3,552 2,585
Accruals and deferred income 4,546 5,292
Other creditors 9,845 4,826
Total 36,984 12,818

HEATON PARK GOLF C.I.C.

Notes to the Financial Statements

for the Period Ended 28 March 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 35,699 43,092
Total 35,699 43,092

COMMUNITY INTEREST ANNUAL REPORT

HEATON PARK GOLF C.I.C.

Company Number: 11888279 (England and Wales)

Year Ending: 28 March 2024

Company activities and impact

Heaton Park Golf CIC operates Heaton Park Golf Course situated in Heaton Park, Manchester. The focus of HPG CIC is on making golf accessible to ALL and to encourage more local residents to enjoy the benefits of golf as an outdoor activity across ALL age groups. Heaton Park Golf CIC was created to keep golf being played at “The Park”. Benefits to the local community; The Pavilion Another strong year in The Pavilion with strong number of events The new marquee was installed last year on the old 1st tee to accommodate more functions has continued to be a great success. Gas and Electric bills have continued to be a strain with increasing costs in this financial year. A sustainability program was introduced last year to reduce energy usage and a smart thermostat installed to reduce heating costs. All these initiatives worked but the utilities costs remained higher than manageable. Best Value Golf HP Golf CIC has kept prices for green fees and season tickets with inflationary increases , costs are still increasing of all raw materials including fuel, fertilizer and parts. There continued to be investment in new machinery. Pitch and Putt Course The pitch and putt course remained a huge success and the mini golf had further investment with characters added to them the course. The refreshment continued to remain open to service the golfers and the park users Outreach Program The junior academy continued to grow this year and further community outreach took place with SEN sessions provided on the mini golf course and in the simulator. Great thanks continues to RR Golf for their continued support in providing most of our outreach sessions

Consultation with stakeholders

Heaton Park Golf CIC Stakeholders; Manchester City Council Heaton Park Golf Club Heaton Park Golf Course users Heaton Park users Manchester City Council We continued to work on the key pillars of success. -maintain a value for money golf course open to all local residents. -conduct outreach to encourage higher participation and utilization -offer free junior golf and lessons. -open up “The Pavilion” to both golf users and park users Heaton Park Golf Cub HPGC have continued to be a strong supporter of the Golf Course. Competitions run once a week and the feedback on the course and Pavilion has been positive. Heaton Park and Heaton Park Golf users Social media accounts on popular channels now have over 8,000 followers in the first 3years of opening. This has been the primary source for feedback on the work taking place at Heaton Park Golf CIC, the feedback has been overwhelmingly positive.

Directors' remuneration

Director’s remuneration for the year was in line with other Directors of golf operators and access to the company pension scheme in line with all employees who are members of the company pension scheme. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed”. A company vehicle continued to be provided to support long-distance travel to and from the course.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
7 March 2025

And signed on behalf of the board by:
Name: J Jackson
Status: Director