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REGISTERED NUMBER: 00137097 (England and Wales)










THE FULFORD (YORK) GOLF CLUB LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






THE FULFORD (YORK) GOLF CLUB LIMITED (REGISTERED NUMBER: 00137097)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


THE FULFORD (YORK) GOLF CLUB LIMITED (REGISTERED NUMBER: 00137097)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 698,252 673,046

CURRENT ASSETS
Stocks 9,330 11,220
Debtors 5 91,970 91,812
Cash at bank and in hand 807,444 618,222
908,744 721,254
CREDITORS
Amounts falling due within one year 6 530,408 472,413
NET CURRENT ASSETS 378,336 248,841
TOTAL ASSETS LESS CURRENT LIABILITIES 1,076,588 921,887

CREDITORS
Amounts falling due after more than one year 7 - 67,115
NET ASSETS 1,076,588 854,772

RESERVES
Income and expenditure account 1,076,588 854,772
1,076,588 854,772

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 17th February 2025 and were signed on its behalf by:





C Barrett - Director


THE FULFORD (YORK) GOLF CLUB LIMITED (REGISTERED NUMBER: 00137097)

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


1. STATUTORY INFORMATION

The Fulford (York) Golf Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00137097

Registered office: Heslington Lane
York
YO10 5DY

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

Turnover
Income represents the amount derived from membership subscription fees receivable and the provisions of goods and services falling within the company's activities after deduction of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Clubhouse improvementsover 10 to 21 years straight line
Course & buildingsover 15 years straight line
Clubhouse equipmentover 3 to 20 years straight line
Course equipmentover 3 to 10 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

THE FULFORD (YORK) GOLF CLUB LIMITED (REGISTERED NUMBER: 00137097)

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


2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, investments, trade creditors and other creditors.

Trade debtors, other debtors, cash and bank balances, investments, trade creditors and other creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 41 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Clubhouse Plant and and Course &
improvements machinery fittings Buildings Totals
£    £    £    £    £   
COST
At 1st January 2024 972,738 898,886 266,397 374,236 2,512,257
Additions 1,557 48,645 22,105 50,627 122,934
Disposals (4,824 ) (23,332 ) (131,882 ) (801 ) (160,839 )
At 31st December 2024 969,471 924,199 156,620 424,062 2,474,352
DEPRECIATION
At 1st January 2024 609,026 695,323 234,479 300,383 1,839,211
Charge for year 31,825 40,524 10,678 10,742 93,769
Eliminated on disposal (3,829 ) (23,332 ) (128,919 ) (800 ) (156,880 )
At 31st December 2024 637,022 712,515 116,238 310,325 1,776,100
NET BOOK VALUE
At 31st December 2024 332,449 211,684 40,382 113,737 698,252
At 31st December 2023 363,712 203,563 31,918 73,853 673,046

THE FULFORD (YORK) GOLF CLUB LIMITED (REGISTERED NUMBER: 00137097)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,862 2,925
Other debtors 54,108 88,887
91,970 91,812

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans - 30,000
Trade creditors 57,458 61,397
Taxation and social security 21,723 20,199
Other creditors 451,227 360,817
530,408 472,413

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 67,115

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 95,500 103,578
Between one and five years 285,000 380,500
380,500 484,078

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

The Report of the Auditors was unqualified.

Stuart Adam FCA (Senior Statutory Auditor)
for and on behalf of Thomas Coombs Limited