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01/01/2024
31/12/2024
2024-12-31
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No description of principal activities is disclosed
2024-01-01
Sage Accounts Production 23.0 - FRS102_2023
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11867636
2024-01-01
2024-12-31
11867636
2024-12-31
11867636
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11867636
2023-01-01
2023-12-31
11867636
2023-12-31
11867636
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11867636
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2024-01-01
2024-12-31
11867636
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2024-12-31
11867636
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2024-12-31
11867636
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2024-12-31
11867636
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2024-12-31
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2024-12-31
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2024-12-31
11867636
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2024-12-31
11867636
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2024-12-31
11867636
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2024-12-31
11867636
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2024-01-01
2024-12-31
11867636
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2024-01-01
2024-12-31
11867636
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2024-12-31
11867636
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2023-12-31
11867636
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2023-12-31
11867636
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2023-12-31
11867636
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2023-12-31
11867636
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2024-12-31
11867636
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2024-12-31
11867636
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2024-12-31
11867636
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2024-12-31
11867636
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2024-12-31
11867636
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2023-12-31
11867636
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2024-12-31
11867636
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2023-12-31
11867636
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2024-12-31
11867636
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2023-12-31
11867636
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core:LongLeaseholdAssets
2023-12-31
11867636
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2023-12-31
11867636
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2023-12-31
11867636
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2023-12-31
11867636
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2024-12-31
11867636
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2024-12-31
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2024-12-31
Company registration number:
11867636
Reigate Heath Golf Club Limited
Company limited by guarantee
Unaudited filleted financial statements
31 December 2024
Reigate Heath Golf Club Limited
Company limited by guarantee
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
Reigate Heath Golf Club Limited
Company limited by guarantee
Directors and other information
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Directors |
David Campbell |
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David Clarke |
(Retired 27 March 2024) |
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Neil Gayner |
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Ross Hortop |
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Kyle Haughton |
(Appointed 27 March 2024) |
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Timothy Redburn |
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Brian Riddick |
(Appointed 27 March 2024) |
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Company number |
11867636 |
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Registered office |
Flanchford Road |
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Reigate |
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Surrey |
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RH2 8QR |
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Accountant |
Braidwood & Co |
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Lowood |
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The Street |
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Betchworth |
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Surrey |
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RH3 7DJ |
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Reigate Heath Golf Club Limited
Company limited by guarantee
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of Reigate Heath Golf Club Limited
Year ended 31 December 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Braidwood & Co
Chartered Accountants
Lowood
The Street
Betchworth
Surrey
RH3 7DJ
19 February 2025
Reigate Heath Golf Club Limited
Company limited by guarantee
Statement of financial position
31 December 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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6 |
526,311 |
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505,956 |
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_______ |
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_______ |
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526,311 |
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505,956 |
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Current assets |
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Stocks |
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11,403 |
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9,223 |
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Debtors |
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7 |
37,636 |
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44,149 |
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Cash at bank and in hand |
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202,613 |
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199,672 |
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_______ |
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_______ |
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251,652 |
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253,044 |
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Creditors: amounts falling due |
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within one year |
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8 |
(
264,909) |
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(
277,516) |
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_______ |
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_______ |
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Net current liabilities |
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(
13,257) |
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(
24,472) |
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_______ |
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_______ |
Total assets less current liabilities |
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513,054 |
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481,484 |
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Creditors: amounts falling due |
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after more than one year |
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9 |
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(
35,680) |
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(
29,767) |
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_______ |
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_______ |
Net assets |
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477,374 |
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451,717 |
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_______ |
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_______ |
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Capital and reserves |
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Profit and loss account |
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477,374 |
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451,717 |
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_______ |
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_______ |
Members funds |
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477,374 |
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451,717 |
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_______ |
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_______ |
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
19 February 2025
, and are signed on behalf of the board by:
Neil Gayner
Director
Company registration number:
11867636
Reigate Heath Golf Club Limited
Company limited by guarantee
Notes to the financial statements
Year ended 31 December 2024
1.
General information
The company is a private company limited by guarantee, registered in UK. The address of the registered office is The Clubhouse, Flanchford Road, Reigate, Surrey, RH2 8QR.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover consists of subscriptions received from members, green fees from visitors and gross income from catering and bar activities.
Taxation
Tax is not payable in respect of mutual trading, being trading activities of the club with its members. Tax is payable on any non-mutual trading profits.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.All assets were transferred from Reigate Heath Golf Club at their net value on 01.01.2020
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Building improvements |
- |
2 % |
straight line |
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Clubhouse Fittings & Equipment |
- |
20% % |
straight line |
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Office & Computer Equipment |
- |
33.33 % |
straight line |
|
Course Machinery & Borehole |
- |
20% for equipment and 4% for Borehole |
straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured 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 the stocks to their present location and condition.
Hire purchase and finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Limited by guarantee
The Company is Limited by Guarantee and in the case of the Company being wound up each member would be subject to the Guarantee of £1.00
5.
Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2023: 9).
6.
Tangible assets
|
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Building improvements |
Clubhouse Fittings & Equipment |
Office & Computer equipment |
Course Machinery & Borehole |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2024 |
329,598 |
101,641 |
11,753 |
175,130 |
618,122 |
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Additions |
32,646 |
17,717 |
1,013 |
23,109 |
74,485 |
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_______ |
_______ |
_______ |
_______ |
_______ |
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At 31 December 2024 |
362,244 |
119,358 |
12,766 |
198,239 |
692,607 |
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_______ |
_______ |
_______ |
_______ |
_______ |
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Depreciation |
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At 1 January 2024 |
25,144 |
31,574 |
7,283 |
48,165 |
112,166 |
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Charge for the year |
6,286 |
19,762 |
2,808 |
25,274 |
54,130 |
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_______ |
_______ |
_______ |
_______ |
_______ |
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At 31 December 2024 |
31,430 |
51,336 |
10,091 |
73,439 |
166,296 |
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_______ |
_______ |
_______ |
_______ |
_______ |
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Carrying amount |
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At 31 December 2024 |
330,814 |
68,022 |
2,675 |
124,800 |
526,311 |
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_______ |
_______ |
_______ |
_______ |
_______ |
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At 31 December 2023 |
304,454 |
70,067 |
4,470 |
126,965 |
505,956 |
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_______ |
_______ |
_______ |
_______ |
_______ |
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The net assets were all transferred from Reigate Heath Golf Club at 01.01.2020. The title to the Freehold Land and Buildings was transferred to RHGC Properties Limited while the net cost of improvements to clubhouse and cottages was transferred to this company along with all other assets and liabilities.There is a licence to occupy in place between RHGC Properties Limited and this company which makes this company responsible for all day to day operating expenses of both companies.
7.
Debtors
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|
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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3,336 |
12,732 |
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Other debtors |
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34,300 |
31,417 |
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_______ |
_______ |
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37,636 |
44,149 |
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_______ |
_______ |
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8.
Creditors: amounts falling due within one year
|
|
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2024 |
2023 |
|
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£ |
£ |
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Trade creditors |
|
114,876 |
142,422 |
|
Social security and other taxes |
|
7,210 |
7,870 |
|
Other creditors |
|
142,823 |
127,224 |
|
|
|
_______ |
_______ |
|
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264,909 |
277,516 |
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_______ |
_______ |
|
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9.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
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£ |
£ |
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Other creditors |
|
35,680 |
29,767 |
|
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_______ |
_______ |
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