Company registration number 00179152 (England and Wales)
BLACKWELL GOLF CLUB LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BLACKWELL GOLF CLUB LIMITED
CONTENTS
Page
Statement of financial position
2 - 3
Notes to the financial statements
4 - 7
BLACKWELL GOLF CLUB LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr P C Gallimore
Mr P A Greenhalgh
Mr L Jones
Mr J H Markham
Mr P A Norton
Mr N Peplow
Mr A W Robinson
Mr S Williams
(Appointed 27 April 2024)
Secretary
Mr J Davis
Company number
00179152
Registered office
The Club House
Agmore Road
Blackwell
Nr Bromsgrove
Worcestershire
England
B60 1PY
Accountants
Haslehursts Limited
88 Hill Village Road
Sutton Coldfield
West Midlands
England
B75 5BE
BLACKWELL GOLF CLUB LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
735,783
611,442
Current assets
Stocks
50,105
49,946
Debtors
4
55,776
57,131
Cash at bank and in hand
504,276
410,667
610,157
517,744
Creditors: amounts falling due within one year
5
(510,060)
(428,754)
Net current assets
100,097
88,990
Total assets less current liabilities
835,880
700,432
Creditors: amounts falling due after more than one year
6
(58,813)
(16,124)
Net assets
777,067
684,308
Reserves
Income and expenditure account
777,067
684,308
Total members' funds
777,067
684,308
BLACKWELL GOLF CLUB LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 9 May 2025 and are signed on its behalf by:
Mr P C Gallimore
Mr J H Markham
Director
Director
Mr P A Norton
Director
Company registration number 00179152 (England and Wales)
BLACKWELL GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information
Blackwell Golf Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Club House, Agmore Road, Blackwell, Nr Bromsgrove, Worcestershire, England, B60 1PY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Income and expenditure
Income and expenses are included in the financial statements as they become receivable or due.
Expenses include VAT where applicable as the company cannot reclaim all of it.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
4% straight line on improvements only
Course plant and equipment
7.5% in year of acquisition, 15% straight line thereafter and 4% straight line
Computer, fixtures and fittings
7.5% in year of acquisition, 15% straight line thereafter and 20% on cost
Depreciation has not been provided on the freehold course and buildings because, in the view of the committee, the value is substantially in excess of the book value.
1.4
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.5
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
BLACKWELL GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.7
Leases
As lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
31
34
BLACKWELL GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2024
344,605
1,543,310
1,887,915
Additions
9,819
203,430
213,249
Disposals
(245,573)
(245,573)
At 31 December 2024
354,424
1,501,167
1,855,591
Depreciation and impairment
At 1 January 2024
44,288
1,232,185
1,276,473
Depreciation charged in the year
6,240
82,668
88,908
Eliminated in respect of disposals
(245,573)
(245,573)
At 31 December 2024
50,528
1,069,280
1,119,808
Carrying amount
At 31 December 2024
303,896
431,887
735,783
At 31 December 2023
300,317
311,125
611,442
Included in the total net book value of the tangible fixed assets held at 31 December 2024 was £74,636 (2023 £24,421) in respect of assets help under finance leases and hire purchase contracts.
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
23,381
28,596
Other debtors
32,395
28,535
55,776
57,131
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
31,734
22,438
Corporation tax
1,492
1,140
Other taxation and social security
20,028
16,724
Other creditors
456,806
388,452
510,060
428,754
BLACKWELL GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
58,813
16,124
7
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
8
Related party disclosure
No transactions with related parties were undertaken such as are required to be required to be disclosed under FRS 102 section 1A.
9
Control
The company was under the control of its members throughout the current and previous year.
10
Non statutory funds
The General Committee has created a Reserve Fund which under company law cannot be separated from the statutory reserves.
Reserve Funds
During the year the Company allocated £250,000 to this reserve which is the value at 31 December 2024.