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REGISTERED NUMBER: 00240576 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HESSLE GOLF COURSE COMPANY LIMITED

HESSLE GOLF COURSE COMPANY LIMITED (REGISTERED NUMBER: 00240576)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HESSLE GOLF COURSE COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: N Muir
A Dibnah
P Hull
I Moffitt



SECRETARY: M Hoyland



REGISTERED OFFICE: Hessle Golf Club, Westfield Road
Raywell
Cottingham
Hull
HU16 5ZA



REGISTERED NUMBER: 00240576 (England and Wales)



ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF



BANKERS: HSBC Bank plc
55 Whitefriargate
Hull
HU1 2HX



SOLICITORS: Sandersons
17 Parliament Street
Hull
East Yorkshire
HU1 2BH

HESSLE GOLF COURSE COMPANY LIMITED (REGISTERED NUMBER: 00240576)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,777,399 1,777,399

CURRENT ASSETS
Cash at bank 14,228 13,018

CREDITORS
Amounts falling due within one year 5 614 600
NET CURRENT ASSETS 13,614 12,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,791,013

1,789,817

PROVISIONS FOR LIABILITIES 146,421 146,421
NET ASSETS 1,644,592 1,643,396

CAPITAL AND RESERVES
Called up share capital 5,377 5,377
Share premium 6 31,559 31,559
Capital redemption reserve 6 1,853 1,853
Capital reserve 6 500,431 500,431
Retained earnings 6 1,105,372 1,104,176
SHAREHOLDERS' FUNDS 1,644,592 1,643,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 profit or loss 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.

HESSLE GOLF COURSE COMPANY LIMITED (REGISTERED NUMBER: 00240576)

BALANCE SHEET - continued
31 December 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 7 May 2025 and were signed on its behalf by:





N Muir - Director


HESSLE GOLF COURSE COMPANY LIMITED (REGISTERED NUMBER: 00240576)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Hessle Golf Course Company Limited is a private company, limited by shares, registered in England. The registered office is Westfield Road, Raywell, Cottingham, HU16 5ZA.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Preparation of consolidated financial statements
The financial statements contain information about Hessle Golf Course Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

HESSLE GOLF COURSE COMPANY LIMITED (REGISTERED NUMBER: 00240576)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 1,777,399
NET BOOK VALUE
At 31 December 2024 1,777,399
At 31 December 2023 1,777,399

The investment property comprises the golf course at Raywell which is used by Hessle Golf Club Limited.

The vast majority of the valuation relates to land; it is not possible to determine how much of the valuation relates to buildings.

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2018 1,330,000
Cost 447,399
1,777,399

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 716,056 716,056

The investment property was valued on an open market basis on 31 May 2018 by Christie & Co .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security (361 ) -
Other creditors 975 600
614 600

HESSLE GOLF COURSE COMPANY LIMITED (REGISTERED NUMBER: 00240576)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


6. RESERVES
Capital
Retained Share redemption Capital
earnings premium reserve reserve Totals
£    £    £    £    £   

At 1 January 2024 1,104,176 31,559 1,853 500,431 1,638,019
Profit for the year 1,196 1,196
At 31 December 2024 1,105,372 31,559 1,853 500,431 1,639,215

7. RELATED PARTY DISCLOSURES

Hessle Golf Club Limited - Company under common control

Rent of £2,500 was charged to Hessle Golf Club Limited.