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REGISTERED NUMBER: 10584146 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Malton & Norton Golf Club Ltd

Malton & Norton Golf Club Ltd (Registered number: 10584146)






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


Malton & Norton Golf Club Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr J A K Potts
Mr B W Stevens
Mr J R L Brown
Mr R J Carter-Ferris
Mr P D Hart
Mr M Parkin





REGISTERED OFFICE: Malton & Norton Golf Club
Welham Park
Norton
Malton
North Yorkshire
YO17 9QE





REGISTERED NUMBER: 10584146 (England and Wales)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Malton & Norton Golf Club Ltd (Registered number: 10584146)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,819,834 1,603,208

CURRENT ASSETS
Stocks 20,464 22,620
Debtors 5 26,865 29,803
Cash at bank and in hand 54,404 91,997
101,733 144,420
CREDITORS
Amounts falling due within one year 6 373,337 339,410
NET CURRENT LIABILITIES (271,604 ) (194,990 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,548,230

1,408,218

CREDITORS
Amounts falling due after more than one
year

7

284,661

148,296
NET ASSETS 1,263,569 1,259,922

RESERVES
Other reserves 1,063,418 1,063,418
Fair value reserve 9 154,394 154,394
Income and expenditure account 45,757 42,110
1,263,569 1,259,922

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 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.

Malton & Norton Golf Club Ltd (Registered number: 10584146)

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 28 April 2025 and were signed on its behalf by:





Mr J R L Brown - Director


Malton & Norton Golf Club Ltd (Registered number: 10584146)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Malton & Norton Golf Club Ltd 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 as modified by the revaluation of certain assets.

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.
Land and buildings - 25% on reducing balance, 2% on cost and at variable rates on reducing balance
Plant and machinery etc - 20% on reducing balance and 10% on cost

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

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.

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.

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Malton & Norton Golf Club Ltd (Registered number: 10584146)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 1,898,385 935,753 2,834,138
Additions 13,759 297,455 311,214
Disposals - (149,549 ) (149,549 )
At 31 December 2024 1,912,144 1,083,659 2,995,803
DEPRECIATION
At 1 January 2024 584,925 646,005 1,230,930
Charge for year 28,925 63,979 92,904
Eliminated on disposal - (147,865 ) (147,865 )
At 31 December 2024 613,850 562,119 1,175,969
NET BOOK VALUE
At 31 December 2024 1,298,294 521,540 1,819,834
At 31 December 2023 1,313,460 289,748 1,603,208

Included in cost or valuation of land and buildings is freehold land of £ 644,411 (2023 - £ 629,846 ) which is not depreciated.

The directors agree that the market value at 31 December 2024 has not changed materially from the date of the previous valuation.

Malton & Norton Golf Club Ltd (Registered number: 10584146)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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
etc
£   
COST OR VALUATION
At 1 January 2024 262,542
Additions 264,632
Disposals (56,146 )
At 31 December 2024 471,028
DEPRECIATION
At 1 January 2024 76,385
Charge for year 36,416
Eliminated on disposal (56,146 )
At 31 December 2024 56,655
NET BOOK VALUE
At 31 December 2024 414,373
At 31 December 2023 186,157

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 4,169 5,664
Other debtors 22,696 24,139
26,865 29,803

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 5,760 5,280
Hire purchase contracts 85,781 50,681
Trade creditors 15,415 23,228
Taxation and social security 10,254 6,946
Other creditors 256,127 253,275
373,337 339,410

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 57,003 63,472
Hire purchase contracts 227,658 84,824
284,661 148,296

Malton & Norton Golf Club Ltd (Registered number: 10584146)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.24 31.12.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,216 28,685

8. SECURED DEBTS

Obligations under finance leases and hire purchase contracts are secured by a fixed and floating charge over the company's assets.

Bank loans and overdrafts are secured by a fixed and floating charge over all assets of the company dated 19 January 2018.

9. RESERVES
Fair
value
reserve
£   
At 1 January 2024
and 31 December 2024 154,394