Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31false23true2024-01-01falseoperation of a members golf club24trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00785399 2024-01-01 2024-12-31 00785399 2023-01-01 2023-12-31 00785399 2024-12-31 00785399 2023-12-31 00785399 c:Director6 2024-01-01 2024-12-31 00785399 d:Buildings 2024-01-01 2024-12-31 00785399 d:Buildings 2024-12-31 00785399 d:Buildings 2023-12-31 00785399 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00785399 d:PlantMachinery 2024-01-01 2024-12-31 00785399 d:PlantMachinery 2024-12-31 00785399 d:PlantMachinery 2023-12-31 00785399 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00785399 d:FurnitureFittings 2024-01-01 2024-12-31 00785399 d:FurnitureFittings 2024-12-31 00785399 d:FurnitureFittings 2023-12-31 00785399 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00785399 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 00785399 d:OtherPropertyPlantEquipment 2024-12-31 00785399 d:OtherPropertyPlantEquipment 2023-12-31 00785399 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00785399 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00785399 d:CurrentFinancialInstruments 2024-12-31 00785399 d:CurrentFinancialInstruments 2023-12-31 00785399 d:Non-currentFinancialInstruments 2024-12-31 00785399 d:Non-currentFinancialInstruments 2023-12-31 00785399 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 00785399 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00785399 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 00785399 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 00785399 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 00785399 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 00785399 d:CapitalRedemptionReserve 2024-12-31 00785399 d:CapitalRedemptionReserve 2023-12-31 00785399 d:RetainedEarningsAccumulatedLosses 2024-12-31 00785399 d:RetainedEarningsAccumulatedLosses 2023-12-31 00785399 c:FRS102 2024-01-01 2024-12-31 00785399 c:IndependentExaminationCharity 2024-01-01 2024-12-31 00785399 c:FullAccounts 2024-01-01 2024-12-31 00785399 c:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 00785399 d:BetweenOneFiveYears 2024-12-31 00785399 d:BetweenOneFiveYears 2023-12-31 00785399 2 2024-01-01 2024-12-31 00785399 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-12-31 00785399 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-31 00785399 d:LeasedAssetsHeldAsLessee 2024-12-31 00785399 d:LeasedAssetsHeldAsLessee 2023-12-31 00785399 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 00785399










HIGH POST GOLF CLUB LIMITED
(A Company Limited by Guarantee)










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
HIGH POST GOLF CLUB LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 00785399

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
997,141
1,013,291

  
997,141
1,013,291

Current assets
  

Stocks
 5 
6,372
8,164

Debtors: amounts falling due within one year
 6 
50,056
110,678

Cash at bank and in hand
 7 
485,658
132,737

  
542,086
251,579

Creditors: amounts falling due within one year
 8 
(359,097)
(355,802)

Net current assets/(liabilities)
  
 
 
182,989
 
 
(104,223)

Total assets less current liabilities
  
1,180,130
909,068

Creditors: amounts falling due after more than one year
 9 
(132,692)
(210,942)

  

Net assets
  
1,047,438
698,126


Capital and reserves
  

Infill project reserve
  
377,993
95,918

Income and expenditure account
  
669,445
602,208

  
1,047,438
698,126


Page 1

 
HIGH POST GOLF CLUB LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 00785399

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 February 2025.



T Grimshaw CBE

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HIGH POST GOLF CLUB LIMITED

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

High Post Golf Club Limited is a private company limited by guarantee and is incorporated in England. Its registered office is The Clubhouse, Great Durnford, Salisbury, Wiltshire, SP4 6AT. The financial statements are presented in sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Membership income is recognised over the period the membership covers. Membership income that
relates to periods falling after the accounting year end is recorded in creditors, as deferred income.

Page 3

 
HIGH POST GOLF CLUB LIMITED

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Plant & machinery
-
10% - 20% straight line
Fixtures & fittings
-
4% - 33.3% straight line
Other fixed assets
-
4% - 10% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash at bank and in hand

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
HIGH POST GOLF CLUB LIMITED

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.12

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees during the year was 23 (2023 - 22).

Page 5

 
HIGH POST GOLF CLUB LIMITED

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Freehold property
Plant & machinery
Fixtures & fittings
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
702,773
817,039
415,187
453,695
2,388,694


Additions
-
136,062
16,760
-
152,822


Disposals
-
(62,570)
-
-
(62,570)



At 31 December 2024

702,773
890,531
431,947
453,695
2,478,946



Depreciation


At 1 January 2024
324,002
412,119
343,114
296,168
1,375,403


Depreciation charge
28,755
97,868
23,503
18,846
168,972


Disposals
-
(62,570)
-
-
(62,570)



At 31 December 2024

352,757
447,417
366,617
315,014
1,481,805



Net book value



At 31 December 2024
350,016
443,114
65,330
138,681
997,141



At 31 December 2023
378,771
404,920
72,073
157,527
1,013,291

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
286,020
349,381

286,020
349,381


5.


Stocks

2024
2023
£
£

Bar and catering stocks
6,372
8,164

6,372
8,164


Page 6

 
HIGH POST GOLF CLUB LIMITED

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
19,782
81,616

Prepayments and accrued income
30,274
29,062

50,056
110,678



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
485,658
132,737

485,658
132,737



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Debenture loans
6,460
6,460

Bank loans
11,852
16,285

Trade creditors
42,698
31,506

Corporation tax
7,907
-

Other taxation and social security
10,574
32,596

Obligations under finance lease and hire purchase contracts
66,385
78,983

Other creditors
88,590
62,468

Accruals and deferred income
124,631
127,504

359,097
355,802



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,776
20,626

Net obligations under finance leases and hire purchase contracts
123,916
190,316

132,692
210,942


Page 7

 
HIGH POST GOLF CLUB LIMITED

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
11,852
16,285

Debenture loans
6,460
6,460


18,312
22,745


Amounts falling due 2-5 years

Bank loans
8,776
20,626


8,776
20,626


27,088
43,371




11.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £0.05 towards the assets of the company in the event of liquidation.


12.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Later than 1 year and not later than 5 years
35,517
3,612

35,517
3,612


Page 8