IRIS Accounts Production v25.1.0.734 01624141 Board of Directors 1.1.24 31.12.24 31.12.24 18.3.25 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016241412023-12-31016241412024-12-31016241412024-01-012024-12-31016241412022-12-31016241412023-01-012023-12-31016241412023-12-3101624141ns15:EnglandWales2024-01-012024-12-3101624141ns14:PoundSterling2024-01-012024-12-3101624141ns10:Director12024-01-012024-12-3101624141ns10:CompanyLimitedByGuarantee2024-01-012024-12-3101624141ns10:SmallEntities2024-01-012024-12-3101624141ns10:Audited2024-01-012024-12-3101624141ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3101624141ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3101624141ns10:FullAccounts2024-01-012024-12-3101624141ns10:Director22024-01-012024-12-3101624141ns10:Director32024-01-012024-12-3101624141ns10:Director42024-01-012024-12-3101624141ns10:Director52024-01-012024-12-3101624141ns10:Director62024-01-012024-12-3101624141ns10:Director82024-01-012024-12-3101624141ns10:Director92024-01-012024-12-3101624141ns10:Director102024-01-012024-12-3101624141ns10:Director112024-01-012024-12-3101624141ns10:Director122024-01-012024-12-3101624141ns10:CompanySecretary12024-01-012024-12-3101624141ns10:RegisteredOffice2024-01-012024-12-3101624141ns5:CurrentFinancialInstruments2024-12-3101624141ns5:CurrentFinancialInstruments2023-12-3101624141ns5:Non-currentFinancialInstruments2024-12-3101624141ns5:Non-currentFinancialInstruments2023-12-3101624141ns5:RevaluationReserve2024-12-3101624141ns5:RevaluationReserve2023-12-3101624141ns5:FurtherSpecificReserve1ComponentTotalEquity2024-12-3101624141ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3101624141ns5:RetainedEarningsAccumulatedLosses2024-12-3101624141ns5:RetainedEarningsAccumulatedLosses2023-12-3101624141ns5:LandBuildings2023-12-3101624141ns5:LeaseholdImprovements2023-12-3101624141ns5:PlantMachinery2023-12-3101624141ns5:LandBuildings2024-01-012024-12-3101624141ns5:LeaseholdImprovements2024-01-012024-12-3101624141ns5:PlantMachinery2024-01-012024-12-3101624141ns5:LandBuildings2024-12-3101624141ns5:LeaseholdImprovements2024-12-3101624141ns5:PlantMachinery2024-12-3101624141ns5:LandBuildings2023-12-3101624141ns5:LeaseholdImprovements2023-12-3101624141ns5:PlantMachinery2023-12-3101624141ns5:FurnitureFittings2023-12-3101624141ns5:MotorVehicles2023-12-3101624141ns5:FurnitureFittings2024-01-012024-12-3101624141ns5:MotorVehicles2024-01-012024-12-3101624141ns5:FurnitureFittings2024-12-3101624141ns5:MotorVehicles2024-12-3101624141ns5:FurnitureFittings2023-12-3101624141ns5:MotorVehicles2023-12-3101624141ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3101624141ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3101624141ns5:Non-currentFinancialInstruments2024-01-012024-12-3101624141ns5:WithinOneYear2024-12-3101624141ns5:WithinOneYear2023-12-3101624141ns5:BetweenOneFiveYears2024-12-3101624141ns5:BetweenOneFiveYears2023-12-3101624141ns5:AllPeriods2024-12-3101624141ns5:AllPeriods2023-12-3101624141ns5:RetainedEarningsAccumulatedLosses2023-12-3101624141ns5:RevaluationReserve2023-12-3101624141ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3101624141ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31
REGISTERED NUMBER: 01624141 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TYRRELLS WOOD GOLF CLUB LIMITED

TYRRELLS WOOD GOLF CLUB LIMITED (REGISTERED NUMBER: 01624141)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TYRRELLS WOOD GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







Directors: M L Nicholls
S V Hood
T Moore
P I Young
J Shires
A Worboys
T Fenton
I N Gale
S Nelson
G Wettone
A J P Wilding





Secretary: R Shaw





Registered office: Tyrrells Wood Golf Club
Leatherhead
Surrey
KT22 8QP





Registered number: 01624141 (England and Wales)





Auditors: Rock Tax & Accounting
Elm House, Tanshire Park
Shackleford Road
Elstead
Godalming
Surrey
GU8 6LB

TYRRELLS WOOD GOLF CLUB LIMITED (REGISTERED NUMBER: 01624141)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £ £ £
Fixed assets
Tangible assets 4 1,401,174 1,496,221

Current assets
Stocks 10,735 17,368
Debtors 5 136,989 55,933
Cash in hand 1,097,234 196,393
1,244,958 269,694
Creditors
Amounts falling due within one year 6 514,013 431,761
Net current assets/(liabilities) 730,945 (162,067 )
Total assets less current liabilities 2,132,119 1,334,154

Creditors
Amounts falling due after more than one
year

7

711,112

79,167
Net assets 1,421,007 1,254,987

Reserves
Revaluation reserve 9 614,223 614,223
Capital reserve 9 90,000 90,000
Income and expenditure account 9 716,784 550,764
1,421,007 1,254,987

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 18 March 2025 and were signed on its behalf by:





A Worboys - Director


TYRRELLS WOOD GOLF CLUB LIMITED (REGISTERED NUMBER: 01624141)

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


1. Statutory information

Tyrrells Wood 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.

Hire purchase and leasing commitments
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

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.

Tangible fixed assets
Depreciation is charged at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to course between 5% and 15% on cost
Improvements to clubhouse over 10 years
Fixtures and fittings over 5 years and 25% reducing balance
Course equipment 25% reducing balance and 20% on cost

3. Employees and directors

The average number of employees during the year was 32 (2023 - 33 ) .

TYRRELLS WOOD GOLF CLUB LIMITED (REGISTERED NUMBER: 01624141)

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


4. Tangible fixed assets
Imprvmts to Improvements
Freehold property & to
property course clubhouse
£ £ £
Cost
At 1 January 2024 650,000 474,839 759,460
Additions - - -
At 31 December 2024 650,000 474,839 759,460
Depreciation
At 1 January 2024 - 226,515 267,308
Charge for year - 25,110 52,936
Eliminated on disposal - - -
At 31 December 2024 - 251,625 320,244
Net book value
At 31 December 2024 650,000 223,214 439,216
At 31 December 2023 650,000 248,324 492,152

Fixtures Motors &
and course
fittings equipment Totals
£ £ £
Cost
At 1 January 2024 168,916 278,862 2,332,077
Additions 2,500 12,589 15,089
At 31 December 2024 171,416 291,451 2,347,166
Depreciation
At 1 January 2024 124,443 217,590 835,856
Charge for year 12,662 21,311 112,019
Eliminated on disposal - (1,883 ) (1,883 )
At 31 December 2024 137,105 237,018 945,992
Net book value
At 31 December 2024 34,311 54,433 1,401,174
At 31 December 2023 44,473 61,272 1,496,221

The freehold land and buildings were revalued in 1982 (historical cost £35,777). On transition to FRS 102 Section 1A on 01 January 2016, this valuation was adopted as deemed cost.

TYRRELLS WOOD GOLF CLUB LIMITED (REGISTERED NUMBER: 01624141)

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


5. Debtors: amounts falling due within one year
31.12.24 31.12.23
£ £
Trade debtors 21,227 8,678
Other debtors 82,122 -
Prepayments 33,640 47,255
136,989 55,933

6. Creditors: amounts falling due within one year
31.12.24 31.12.23
£ £
Trade creditors 100,276 65,824
Tax 1,724 549
Social security and other taxes 24,752 41,035
Other creditors 59,285 19,673
Coronavirus Business
Interruption Loan 50,000 50,000
Accruals and deferred income 31,305 29,329
Subscriptions rec'd in advance 204,948 186,015
Members card system 41,723 39,336
514,013 431,761

7. Creditors: amounts falling due after more than one year
31.12.24 31.12.23
£ £
Member Loans 256,500 -
Coronavirus Business
Interruption Loan 29,167 79,167
Other creditors 46,085 -
Subscriptions rec'd in advance 379,360 -
711,112 79,167

On 24 June 2024 a resolution was passed to create a maximum nominal amount of £850,000 4% fixed rate unsecured loan notes 2035 to club members to raise funds for the clubhouse refurbishment project. The notes are repayable over 10 years, with a fixed interest rate of 4% p.a. with the first repayment due on 31 December 2026. As of 31 December 2024, there are outstanding balances of £256,500..

During the year members were given the opportunity to pay the annual subscriptions and refurbishment levy for the period 1 April 2025 to 31 March 2034 in advance at the 2024 rates.

During 2020, a Coronavirus Business Interruption Loan was taken out which is repayable on or before 15 July 2026. Interest is payable at Bank Base Rate plus 2.45% and is secured by an unlimited debenture dated 06 May 2021 incorporating a fixed and floating charge.

TYRRELLS WOOD GOLF CLUB LIMITED (REGISTERED NUMBER: 01624141)

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


8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£ £
Within one year 45,888 45,888
Between one and five years - 45,888
45,888 91,776

9. Reserves
Income and
expenditure Revaluation Capital
account reserve reserve Totals
£ £ £ £

At 1 January 2024 550,764 614,223 90,000 1,254,987
Surplus for the year 166,020 166,020
At 31 December 2024 716,784 614,223 90,000 1,421,007

10. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

A Prasanna (Senior Statutory Auditor)
for and on behalf of Rock Tax & Accounting

11. Capital commitments
31.12.24 31.12.23
£ £
Contracted but not provided for in the
financial statements 745,000 -

12. Related party disclosures

During the year there were a number of transactions with related parties whereby members' businesses were engaged to carry out building and construction work. All transactions were on an arms length basis and none were with directors. They totalled £3,878, excluding VAT.

13. Controlling party

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.