Copthorne Golf Club Limited Accounts






Copthorne Golf Club Limited

	Company No. 13806584
		Directors' Report and Audited Accounts
		31 August 2024




							Pages

Company Information							2
Directors' Report							3 to 4
Auditor's Report							5 to 7
Income and Expenditure Account							8

Balance Sheet							9
Statement of Changes in Equity							10
Notes to the Accounts							11 to 15

Directors


N. Guthrie
R.J. Hawkins
G.J.F. Ivory

S.J. May

L.G. Raymond

D.R. Vearncombe



































Registered Office

Borers Arms Road
Copthorne
Crawley
West Sussex
RH10 3LL

Auditor

Richard Place Dobson Services Limited
1-7 Station Road
Crawley
West Sussex

RH10 1HT

The Directors present their report and the accounts for the year ended 31 August 2024.

Principal activities

The principal activity of the company during the year under review was operating a golf club.




Directors

The Directors who served at any time during the year were as follows:

R. Grimwood		(Resigned 16 November 2023)
N. Guthrie
R.J. Hawkins
G.J.F. Ivory
I. Lawson		(Resigned 16 November 2023)
S.J. May
M.L. Parsons		(Resigned 16 November 2023)
L.G. Raymond
D.J. Smith		(Resigned 4 January 2024)
D.R. Vearncombe




































The directors are responsible for keeping adequate accounting records that show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Directors are responsible for preparing the Directors' report and the accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
*	select suitable accounting policies and then apply them consistently;
*	make judgments and estimates that are reasonable and prudent;
*	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

Statement of disclosure of information to auditor
So far as the directors are aware, there is no relevant audit information of which the company's auditors are unaware and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant information and to establish that the company's auditors are aware of that information.

















The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

L.G. Raymond
Director
19 November 2024

Independent Auditor's Report to the members of Copthorne Golf Club Limited

Opinion
We have audited the accounts of Copthorne Golf Club Limited (the 'company') for the year ended 31 August 2024 which comprise the Income and Expenditure Account, the Balance Sheet, the Statement of Changes in Equity and the Notes to the Accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the accounts:
	• give a true and fair view of the state of the company's affairs as at 31 August 2024 and of its loss for the year then ended; • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and • have been prepared in accordance with the requirements of the Companies Act 2006.

Therefore under section 495(3A) of the Companies Act 2006, in our opinion the accounts give a true and fair view of the state of the company's affairs at at year ended 31 August 2024 and of its profit/loss for the year then ended.

Basis for opinion
We conducted our audit in accordance with applicable law and International Standards on Auditing (UK) (ISAs (UK). Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 1 to the accounts, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the accounts, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the accounts is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.

Our responsibilities and the responsibillities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The other information comprises the information included in the annual report other than the accounts and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements , we are required to determine whether this gives rise to a material misstatement in the accounts themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based upon the work undertaken in the course of the audit:
	• the information given in the directors' report for the financial year for which the accounts are prepared is consistent with the accounts; and • the directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
	• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
	• the accounts are not in agreement with the accounting records and returns; or
	• certain disclosures of directors’ remuneration specified by law are not made; or
	• we have not received all the information and explanations we require for our audit; or
	• the directors were not entitled to prepare the accounts in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.

Responsibilities of directors
As explained more fully in the directors’ responsibilities statement found in the directors' report, the directors are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the accounts
Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. We have made enquiries of management, and directors, regarding the procedures relating to identifying, evaluating and complying with:

1. Laws and regulations and whether they were aware of any instances of non compliance; 2. Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; 3. The internal controls established to mitigate risks related to fraud or non compliance with laws and regulations.

Discussion among the engagement teams regarding how and where fraud might occur in the financial statements and potential indicators of fraud. As part of this discussion, we identified potential significant risks for fraud in the following areas:
1. Management override of the controls in place
The audit engagement team identified the risk of management override of controls as the area where the financial statements were the most susceptible to material misstatement of fraud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments and evaluating the business rationale in relation to any significant, unusual transactions entered into outside of the normal course of business.

Use of this report
This report is made solely to the company's members, as a body, in accordance the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Darren Harding
Senior Statutory Auditor
For and on behalf of		Richard Place Dobson Services Limited
Accountants and Statutory Auditors
1-7 Station Road
Crawley
West Sussex

RH10 1HT
19 November 2024

for the year ended 31 August 2024

	2024	2023
	£	£
Turnover	1,281,046	1,162,476

Course expenses	(586,112)	(467,931)

Gross Profit	694,934	694,545

House expenses	(492,845)	(409,229)

Administrative expenses	(264,434)	(270,090)



Operating (Deficit)/Surplus	(62,345)	15,226



Other interest receivable	1,912	110



Interest payable and similar charges	(3,899)	(1,320)

(Deficit)/Surplus on ordinary activities before taxation	(64,332)	14,016

Taxation	-	-

(Deficit)/Surplus for the financial year after taxation	(64,332)	14,016

at	31 August 2024

Company No.		13806584	Notes	2024	2023
				£	£
Fixed assets

	Tangible assets		4	720,273	622,755


				720,273	622,755
Current assets
	Stocks		5	6,474	5,899
	Debtors		6	331,280	358,129

	Cash at bank and in hand			637,255	709,619
				975,009	1,073,647
Creditors: Amount falling due within one year			7	(488,417)	(428,254)
Net current assets				486,592	645,393
Total assets less current liabilities				1,206,865	1,268,148
Creditors: Amounts falling due after more than one year			8	(37,851)	(34,802)



Net assets				1,169,014	1,233,346

Reserves


	Income and expenditure account			1,169,014	1,233,346

Total equity				1,169,014	1,233,346



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.









Approved by the board on 31 August 2024 and signed on its behalf by:

L.G. Raymond
Director
19 November 2024

for the year ended 31 August 2024

		Income and Expenditure Account	Total equity
		£	£
	At 1 September 2022	-	-


	Surplus for the year	14,016	14,016
	Transfers	1,219,330	1,219,330





	At 31 August 2023 and 1 September 2023	1,233,346	1,233,346


	Deficit for the year	(64,332)	(64,332)


	At 31 August 2024	1,169,014	1,169,014

for the year ended 31 August 2024

General information

Copthorne Golf Club Limited is a private company limited by guarantee and incorporated in England and Wales.

Its registered number is: 13806584

Its registered office is:

Borers Arms Road

Copthorne

Crawley

West Sussex

RH10 3LL

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

20% Straight line

Motor vehicles

20% Straight line

Furniture, fittings and equipment

20% Straight line

Drainage is depreciated at 10% straight line. Computers at 33% straight line. All items of a capital nature over £1,000 are capitalised.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in the income and expenditure account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to income and expenditure account as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the income and expenditure account, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	16	12

4	Tangible fixed assets
			Land and buildings	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£	£
		Cost or revaluation
		At 1 September 2023	659,548	922,297	10,705	295,261	1,887,811
		Additions	-	175,451	19,245	14,016	208,712


		Disposals	-	-	(4,000)	(965)	(4,965)
		At 31 August 2024	659,548	1,097,748	25,950	308,312	2,091,558
		Depreciation
		At 1 September 2023	226,670	759,464	10,705	268,217	1,265,056
		Charge for the year	17,317	62,806	15,228	15,843	111,194


		Disposals	-	-	(4,000)	(965)	(4,965)
		At 31 August 2024	243,987	822,270	21,933	283,095	1,371,285
		Net book values
		At 31 August 2024	415,561	275,478	4,017	25,217	720,273
		At 31 August 2023	432,878	162,833	-	27,044	622,755

5	Stocks
			2024	2023
			£	£


		Finished goods	6,474	5,899
			6,474	5,899

6	Debtors
			2024	2023
			£	£
		Trade debtors	15,190	32,182
		Amounts owed by group undertakings	259,913	259,913


		VAT recoverable	26,029	34,967

		Other debtors	20,791	22,426
		Prepayments and accrued income	9,357	8,641
			331,280	358,129

7	Creditors:
		amounts falling due within one year
			2024	2023
			£	£
		Bank loans	10,656	-

		Obligations under finance lease and hire purchase contracts	13,758	10,926
		Trade creditors	30,214	22,816

		Taxes and social security	(37)	2,013

		Other creditors	36,126	30,678
		Accruals and deferred income	397,700	361,821
			488,417	428,254

8	Creditors:
		amounts falling due after more than one year
			2024	2023
			£	£
		Bank loans	15,177	34,802

		Obligations under finance lease and hire purchase contracts	22,674	-




			37,851	34,802

Reserves

Income and expenditure account - includes all current and prior period retained surpluses and deficits.

Related party disclosures

There are no related party transactions to disclose.