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REGISTERED NUMBER: 00415017 (England and Wales)















BROADWAY GOLF CLUB LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






BROADWAY GOLF CLUB LIMITED (REGISTERED NUMBER: 00415017)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


BROADWAY GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M P Hunt
R Rouse
P Wragby
E L Fila
P Richardson
G Armstrong
M O'Sullivan





SECRETARY: A Nurse





REGISTERED OFFICE: Willersey Hill
Broadway
Worcestershire
WR12 7LG





REGISTERED NUMBER: 00415017 (England and Wales)





ACCOUNTANTS: William Hinton Limited
Chartered Accountants
Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF

BROADWAY GOLF CLUB LIMITED (REGISTERED NUMBER: 00415017)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,124,393 2,129,296

CURRENT ASSETS
Stocks 38,215 55,821
Debtors 5 28,496 18,137
Cash at bank 475,958 358,230
542,669 432,188
CREDITORS
Amounts falling due within one year 6 587,184 591,016
NET CURRENT LIABILITIES (44,515 ) (158,828 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,079,878

1,970,468

CREDITORS
Amounts falling due after more than one
year

7

68,972

30,078
NET ASSETS 2,010,906 1,940,390

RESERVES
Revaluation reserve 8 790,884 790,884
Other reserves 112,832 112,832
Income and expenditure account 1,107,190 1,036,674
2,010,906 1,940,390

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

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

BROADWAY GOLF CLUB LIMITED (REGISTERED NUMBER: 00415017)

BALANCE SHEET - continued
30 JUNE 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 28 March 2025 and were signed on its behalf by:




M O'Sullivan - Director



R Rouse - Director


BROADWAY GOLF CLUB LIMITED (REGISTERED NUMBER: 00415017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Broadway Golf Club 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

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is represented by members subscriptions, entrance fees, green fees, buggy hire, and bar sales. Members subscriptions and entrance fees are exempt from value added tax. Green fees, buggy hire and bar sales represent net invoiced sales, excluding 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.
Land and buildings - Nil
Plant and machinery etc - 25% per annum on cost, 20% per annum on cost, 15% on cost and 10% per annum on cost

No depreciation has been provided on freehold property. It is the company's practice to maintain these assets in a continual state of sound repair and in such condition that their value is not impaired by the passage of time. As a consequence, any element of depreciation would, in the opinion of the directors, be immaterial. Any permanent diminution in value of such properties is charged to the profit and loss account as appropriate.

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.


BROADWAY GOLF CLUB LIMITED (REGISTERED NUMBER: 00415017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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 surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 1,552,147 1,434,978 2,987,125
Additions - 89,257 89,257
Disposals - (22,627 ) (22,627 )
At 30 June 2024 1,552,147 1,501,608 3,053,755
DEPRECIATION
At 1 July 2023 - 857,829 857,829
Charge for year - 93,783 93,783
Eliminated on disposal - (22,250 ) (22,250 )
At 30 June 2024 - 929,362 929,362
NET BOOK VALUE
At 30 June 2024 1,552,147 572,246 2,124,393
At 30 June 2023 1,552,147 577,149 2,129,296

The company has chosen to take advantage of the transitional arrangement regarding the revaluation of tangible fixed assets as set out in FRS15. As a consequence, the property has not been revalued since 1992.

BROADWAY GOLF CLUB LIMITED (REGISTERED NUMBER: 00415017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 512
Other debtors 28,496 17,625
28,496 18,137

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Members' loans 12,000 12,000
Hire purchase contracts 22,018 23,020
Trade creditors 450,332 444,166
Social security and other taxes 8,107 11,713
VAT 11,905 6,992
Other creditors 82,822 93,125
587,184 591,016

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 68,972 30,078

8. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 790,884