Company registration number 10409124 (England and Wales)
PONTEFRACT AND DISTRICT GOLF CLUB LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
PONTEFRACT AND DISTRICT GOLF CLUB LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
PONTEFRACT AND DISTRICT GOLF CLUB LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
773,576
759,024
Current assets
Stocks
4,549
5,038
Debtors
4
9,276
8,263
Cash at bank and in hand
237,434
222,731
251,259
236,032
Creditors: amounts falling due within one year
5
(348,793)
(312,178)
Net current liabilities
(97,534)
(76,146)
Total assets less current liabilities
676,042
682,878
Creditors: amounts falling due after more than one year
6
(199,395)
(228,253)
Net assets
476,647
454,625
Reserves
Income and expenditure account
476,647
454,625
Total members' funds
476,647
454,625
For the financial year ended 30 September 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 15 May 2025 and are signed on its behalf by:
S Charlesworth
Director
Company registration number 10409124 (England and Wales)
PONTEFRACT AND DISTRICT GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information
Pontefract And District Golf Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Park Lane, Pontefract, West Yorkshire, WF8 4QS.
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
Turnover
The income shown represents the net amounts receivable by the Club exclusive of value added tax. Members subscriptions are recognised on provision of services. Ongoing subscriptions are received in advance and released to the trading and revenue account over the relevant period. Revenue from insurance compensation is recognised in income under the accrual model, on a systematic basis over the 5 years.
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
3% per annum on a straight line basis
Plant and equipment
20% - 33% reducing balance
1.4
Stocks
Stock on hand was valued by a professional stock taker at cost price exclusive of value added tax.
1.5
Current tax
The company is a Community Amateur Sports Club (CASC) and qualifies for exemption from corporation tax on its trading income.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
12
12
PONTEFRACT AND DISTRICT GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Total
£
£
£
Cost
At 1 October 2023
308,401
1,014,655
1,323,056
Additions
29,405
29,405
At 30 September 2024
308,401
1,044,060
1,352,461
Depreciation and impairment
At 1 October 2023
119,274
444,758
564,032
Depreciation charged in the year
14,853
14,853
At 30 September 2024
119,274
459,611
578,885
Carrying amount
At 30 September 2024
189,127
584,449
773,576
At 30 September 2023
189,127
569,897
759,024
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
9,276
8,263
5
Creditors: amounts falling due within one year
2024
2023
£
£
Loans and funds
24,387
22,405
Obligations under hire purchase
2,040
2,040
Trade creditors
28,916
39,372
Taxation and social security
6,298
8,755
Other creditors
265,829
224,344
Accruals and deferred income
21,323
15,262
348,793
312,178
Obligations under hire purchase are secured on the assets to which they relate.
PONTEFRACT AND DISTRICT GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Loans and funds
198,375
225,193
Obligations under hire purchase
1,020
3,060
199,395
228,253
Obligations under hire purchase are secured on the assets to which they relate.
Bank loans are secured on the assets to which they relate.
Deferred centenary fund represents the amount originally allocated from the accumulated fund for the construction of a building in celebration of the club's centenary. This is now being released back to the income and expenditure account at a rate of 3% per annum in line with the depreciation rate charged on the building.
The land and development fund represents loans from playing members to fund the development of the course. These loans are repayable if the member ceases to be a full or five day playing member.
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.