REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2024 |
for |
Kirkbymoorside Golf Club Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2024 |
for |
Kirkbymoorside Golf Club Limited |
Kirkbymoorside Golf Club Limited (Registered number: 02568407) |
Contents of the Financial Statements |
for the Year Ended 31 December 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Kirkbymoorside Golf Club Limited |
Company Information |
for the Year Ended 31 December 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
2 Hallgarth |
Pickering |
North Yorkshire |
YO18 7AW |
Kirkbymoorside Golf Club Limited (Registered number: 02568407) |
Balance Sheet |
31 December 2024 |
31.12.24 | 31.12.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Investments | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
RESERVES |
Income and expenditure account | 9 |
Kirkbymoorside Golf Club Limited (Registered number: 02568407) |
Balance Sheet - continued |
31 December 2024 |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Kirkbymoorside Golf Club Limited (Registered number: 02568407) |
Notes to the Financial Statements |
for the Year Ended 31 December 2024 |
1. | STATUTORY INFORMATION |
Kirkbymoorside Golf Club Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents income derived from the provision of golfing and related facilities. |
Depreciation |
Land | - |
Buildings & Improvements | - |
Plant & Equipment | - |
Fixtures and fittings | - |
Motor vehicles | - |
No depreciation has been provided for on Buildings and Improvements, except for the irrigation system and road surface, which is to be depreciated over 10 years. It is the practice to maintain the assets in a continual state of sound repair, accordingly the lives are so long and the residual value so high that their depreciation is insignificant. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Current tax for the year is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to surplus or deficit 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. |
Kirkbymoorside Golf Club Limited (Registered number: 02568407) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Buildings | Plant & |
Land | & Improvements | Equipment |
£ | £ | £ |
COST |
At 1 January 2024 |
Additions |
Disposals | ( |
) |
At 31 December 2024 |
DEPRECIATION |
At 1 January 2024 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 December 2023 |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2024 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
At 31 December 2024 |
DEPRECIATION |
At 1 January 2024 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 December 2023 |
Kirkbymoorside Golf Club Limited (Registered number: 02568407) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows: |
Plant & |
Equipment |
£ |
COST |
At 1 January 2024 |
and 31 December 2024 |
DEPRECIATION |
At 1 January 2024 |
Charge for year |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Other debtors |
Prepaid expenditure |
Trade debtors |
6. | CURRENT ASSET INVESTMENTS |
31.12.24 | 31.12.23 |
£ | £ |
B.A.T.A. Investments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts and finance leases |
Members 200 club fund | - | 2,564 |
Members discount schemes | 18,676 | 18,362 |
Vouchers control account | 595 | 385 |
VAT | 12,974 | 11,891 |
Locker rentals in advance |
Captain's Charities to donate | 2,455 | - |
Subscriptions in advance | 17,393 | 17,735 |
Open days in advance | 3,247 | 3,441 |
Juniors fund | 1,416 | 1,416 |
Competition funds | 674 | 715 |
Purchase ledger balances | 25,685 | 38,548 |
Accrued expenses |
Kirkbymoorside Golf Club Limited (Registered number: 02568407) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Bounce Back Loan after 1 year |
Hire purchase contracts and finance leases |
9. | RESERVES |
Income |
and |
expenditure |
account |
£ |
At 1 January 2024 |
Deficit for the year | ( |
) |
At 31 December 2024 |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is that of the committee on behalf of the members. |