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REGISTERED NUMBER: 03408462 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

WEST HOVE GOLF CLUB LIMITED

WEST HOVE GOLF CLUB LIMITED (REGISTERED NUMBER: 03408462)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEST HOVE GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: M R Barry
J E Godley
B C Murphy (Chairman)
M Emery
Ms S Gleeson
I Parnell





REGISTERED OFFICE: Badgers Way
Hangleton
Hove
East Sussex
BN3 8EX





REGISTERED NUMBER: 03408462 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

WEST HOVE GOLF CLUB LIMITED (REGISTERED NUMBER: 03408462)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,000,549 1,847,526

CURRENT ASSETS
Stocks 7,369 8,071
Debtors 5 74,474 49,551
Cash in hand 397,305 442,516
479,148 500,138
CREDITORS
Amounts falling due within one year 6 209,696 185,192
NET CURRENT ASSETS 269,452 314,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,270,001

2,162,472

CREDITORS
Amounts falling due after more than one
year

7

(918,242

)

(823,999

)

PROVISIONS FOR LIABILITIES 9 (43,936 ) (24,137 )
NET ASSETS 1,307,823 1,314,336

CAPITAL AND RESERVES
Called up share capital 45,297 45,297
Share premium 732,926 732,926
Revaluation reserve 10 96,730 96,730
Capital redemption reserve 31 31
Retained earnings 432,839 439,352
SHAREHOLDERS' FUNDS 1,307,823 1,314,336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 profit or loss 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.

WEST HOVE GOLF CLUB LIMITED (REGISTERED NUMBER: 03408462)

BALANCE SHEET - continued
31ST AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th March 2025 and were signed on its behalf by:





B C Murphy (Chairman) - Director


WEST HOVE GOLF CLUB LIMITED (REGISTERED NUMBER: 03408462)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

1. STATUTORY INFORMATION

West Hove 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

In common with many other companies, the outbreak of COVID-19 in the UK and the measures taken to control its spread had a detrimental impact on our business. Specifically, there was been a severe decline in our takings from green fees and the bar in the previous year. The position in this year is much improved as the restrictions have eased. With the support of our loyal members and staff, our sponsors, NatWest Bank, Brighton & Hove Council and the Government’s furlough scheme, at the date of approving these accounts the directors have a reasonable expectation that the Company has adequate resources for the foreseeable future.

Significant judgements and estimates
Land and buildings are accounted for at valuation.

Turnover
Turnover represents members' subscriptions and amounts invoiced to third parties, net of value added tax. Members' subscriptions are credited to the profit and loss account on a straight line basis over the accounting period to which they relate.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Land and buildings are accounted for at revaluation. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings over 50 years straight line
Plant and machinery over 5 years and 10 years on reducing balance
Club furniture and fittings over 5 years on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.

WEST HOVE GOLF CLUB LIMITED (REGISTERED NUMBER: 03408462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

2. ACCOUNTING POLICIES - continued

Grants receivable
Grants received in respect of tangible fixed assets are credited to the profit and loss account over the expected useful economic lives of the assets to which they relate. Grants received but not yet released to the profit and loss account are included as deferred income in the balance sheet. A grant received for the purpose of giving immediate financial support to the Company with no future related costs is recognised as income in the period in which it is received.

Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1st September 2023 1,943,018 724,874 2,667,892
Additions 64,868 159,807 224,675
At 31st August 2024 2,007,886 884,681 2,892,567
DEPRECIATION
At 1st September 2023 222,531 597,835 820,366
Charge for year 16,046 55,606 71,652
At 31st August 2024 238,577 653,441 892,018
NET BOOK VALUE
At 31st August 2024 1,769,309 231,240 2,000,549
At 31st August 2023 1,720,487 127,039 1,847,526

Freehold Land & Buildings20242023
£   £   
Historical cost1,886,8581,821,990

The freehold land and buildings, comprising 18 hole golf course, clubhouse, practice range and greenkeepers' maintenance facility are included at directors' valuation.

The net book value of plant and machinery held under hire purchase contracts was £170,429 (2023 £62,726).

WEST HOVE GOLF CLUB LIMITED (REGISTERED NUMBER: 03408462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,657 12,483
Other debtors 71,817 37,068
74,474 49,551

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 46,302 46,302
Hire purchase contracts 50,248 17,854
Trade creditors 44,983 59,338
Tax 10,789 5,911
Social security and other taxes 7,680 8,680
VAT 3,819 3,015
Other creditors 28,587 27,795
Accruals and deferred income 17,288 16,297
209,696 185,192

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan repayable in more
than 5 years by instalments 301,279 333,284
Hire purchase contracts 221,596 81,972
Subscriptions received in
advance (non-refundable) 395,357 402,481
Deferred government grants 10 6,262
918,242 823,999

Amounts falling due in more than five years:

Repayable by instalments
Bank loan repayable in more
than 5 years by instalments 301,279 333,284
301,279 333,284

8. SECURED DEBTS

The NatWest bank loan is secured by a fixed and floating charge over the company's assets for 25 years at 1.5% over base.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 43,936 24,137

WEST HOVE GOLF CLUB LIMITED (REGISTERED NUMBER: 03408462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st September 2023 24,137
Charge to Income Statement during year 19,799
Balance at 31st August 2024 43,936

10. RESERVES
Revaluation
reserve
£   
At 1st September 2023
and 31st August 2024 96,730

11. CONTROLLING PARTY

The company is owned by the members of West Hove Golf Club, none of whom have a controlling interest.