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REGISTERED NUMBER: 00285957 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

THE HOUGHTON LE SPRING GOLF CLUB LIMITED

THE HOUGHTON LE SPRING GOLF CLUB LIMITED (REGISTERED NUMBER: 00285957)






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


THE HOUGHTON LE SPRING GOLF CLUB LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: B Munroe
J Walvin





REGISTERED OFFICE: Copt Hill
Houghton Le Spring
Tyne and Wear
DH5 8LU





REGISTERED NUMBER: 00285957 (England and Wales)





ACCOUNTANTS: Robert Miller & Co.
Kings Hall
4 Imperial Buildings
Houghton Le Spring
Tyne and Wear
DH4 4DJ

THE HOUGHTON LE SPRING GOLF CLUB LIMITED (REGISTERED NUMBER: 00285957)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,043,865 1,063,696

CURRENT ASSETS
Stocks 4,650 4,600
Debtors 5 16,519 11,664
Cash at bank and in hand 91,970 135,355
113,139 151,619
CREDITORS
Amounts falling due within one
year

6

85,435

82,796
NET CURRENT ASSETS 27,704 68,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,071,569

1,132,519

CREDITORS
Amounts falling due after more
than one year

7

133,799

189,725
NET ASSETS 937,770 942,794

RESERVES
Income and expenditure account 937,770 942,794
937,770 942,794

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.

THE HOUGHTON LE SPRING GOLF CLUB LIMITED (REGISTERED NUMBER: 00285957)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:




J Walvin - Director



B Munroe - Director


THE HOUGHTON LE SPRING GOLF CLUB LIMITED (REGISTERED NUMBER: 00285957)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

The Houghton le Spring 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold land - Not provided
Club house and garage - 2.5% on reducing balance
Course improvements - Not provided
Plant and machinery - 25% Reducing Balance
Club house furnishings - 25% 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

THE HOUGHTON LE SPRING GOLF CLUB LIMITED (REGISTERED NUMBER: 00285957)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Club
Freehold house and Course
land garage improvements
£    £    £   
COST
At 1 October 2023 266,077 817,835 210,901
Additions - - -
At 30 September 2024 266,077 817,835 210,901
DEPRECIATION
At 1 October 2023 - 326,930 -
Charge for year - 12,273 -
At 30 September 2024 - 339,203 -
NET BOOK VALUE
At 30 September 2024 266,077 478,632 210,901
At 30 September 2023 266,077 490,905 210,901

Club
Plant and house
machinery furnishings Totals
£    £    £   
COST
At 1 October 2023 467,543 90,128 1,852,484
Additions - 16,395 16,395
At 30 September 2024 467,543 106,523 1,868,879
DEPRECIATION
At 1 October 2023 373,932 87,926 788,788
Charge for year 23,403 550 36,226
At 30 September 2024 397,335 88,476 825,014
NET BOOK VALUE
At 30 September 2024 70,208 18,047 1,043,865
At 30 September 2023 93,611 2,202 1,063,696

In the opinion of the committee the market value of Freehold Land and Course Improvements will always exceed cost.

THE HOUGHTON LE SPRING GOLF CLUB LIMITED (REGISTERED NUMBER: 00285957)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 October 2023
and 30 September 2024 117,709
DEPRECIATION
At 1 October 2023 49,338
Charge for year 17,093
At 30 September 2024 66,431
NET BOOK VALUE
At 30 September 2024 51,278
At 30 September 2023 68,371

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,138 1,045
Other debtors 12,381 10,619
16,519 11,664

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 39,397 37,518
Hire purchase contracts 15,900 17,031
Trade creditors 9,133 4,182
Taxation and social security 9,510 7,646
Other creditors 11,495 16,419
85,435 82,796

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 106,274 146,300
Hire purchase contracts 27,525 43,425
133,799 189,725

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 17,645

THE HOUGHTON LE SPRING GOLF CLUB LIMITED (REGISTERED NUMBER: 00285957)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 145,671 183,818
Hire purchase contracts 43,425 60,456
189,096 244,274

The bank loan is secured by a legal charge over the Club House and the Land.

9. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - -