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REGISTERED NUMBER: 12246145 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Otley Golf Club Limited

Otley Golf Club Limited (Registered number: 12246145)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Otley Golf Club Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: M Haley
G P Power
O Butterworth
S J Hollidge
D E Hymas
S Moorcraft
J Tushingham





SECRETARY: M Moore





REGISTERED OFFICE: West Busk Lane
Otley
LS21 3NG





REGISTERED NUMBER: 12246145 (England and Wales)

Otley Golf Club Limited (Registered number: 12246145)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 496,791 557,085

CURRENT ASSETS
Stocks 20,840 13,018
Debtors 5 106,139 101,357
Cash at bank and in hand 460,539 480,126
587,518 594,501
CREDITORS
Amounts falling due within one year 6 378,874 390,293
NET CURRENT ASSETS 208,644 204,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

705,435

761,293

CREDITORS
Amounts falling due after more than
one year

7

38,716

60,529
NET ASSETS 666,719 700,764

RESERVES
Income and expenditure account 666,719 700,764
666,719 700,764

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

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

Otley Golf Club Limited (Registered number: 12246145)

Balance Sheet - continued
30 September 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 10 December 2024 and were signed on its behalf by:





S Moorcraft - Director


Otley Golf Club Limited (Registered number: 12246145)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Otley 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 10% on cost
Plant and machinery etc - 33% on cost and 20% 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.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment.

Cash and cash equivalents comprise cash at bank and on hand.

Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.


Otley Golf Club Limited (Registered number: 12246145)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 865,627 1,000,681 1,866,308
Additions - 53,341 53,341
Disposals - (900 ) (900 )
At 30 September 2024 865,627 1,053,122 1,918,749
DEPRECIATION
At 1 October 2023 478,227 830,996 1,309,223
Charge for year 27,319 86,316 113,635
Eliminated on disposal - (900 ) (900 )
At 30 September 2024 505,546 916,412 1,421,958
NET BOOK VALUE
At 30 September 2024 360,081 136,710 496,791
At 30 September 2023 387,400 169,685 557,085

Otley Golf Club Limited (Registered number: 12246145)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 106,139 101,357

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 16,862 26,330
Hire purchase contracts 21,792 35,400
Trade creditors 36,216 23,303
Taxation and social security 12,716 12,765
Other creditors 291,288 292,495
378,874 390,293

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 38,716 60,529

8. LIMITED BY GUARANTEE

The liability of each Member is limited to £1 being the amount that each Member undertakes to contribute to the assets of the Company in the event of it being wound up.