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Registered number: 00279756
Accrington & District Golf Club Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Marsden and Co.
Oswaldtwistle Mills Business Centre
Clifton Mill, Pickup Street
Accrington
BB5 0EY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 00279756
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 348,464 348,464
Investments 5 1 1
348,465 348,465
CURRENT ASSETS
Stocks 6 300 300
Debtors 7 10,358 10,074
Cash at bank and in hand 2,006 1,415
12,664 11,789
Creditors: Amounts Falling Due Within One Year 8 (260,869 ) (233,256 )
NET CURRENT ASSETS (LIABILITIES) (248,205 ) (221,467 )
TOTAL ASSETS LESS CURRENT LIABILITIES 100,260 126,998
Creditors: Amounts Falling Due After More Than One Year 9 (11,020 ) (19,577 )
NET ASSETS 89,240 107,421
Income and Expenditure Account 89,240 107,421
MEMBERS' FUNDS 89,240 107,421
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For the year ending 28 February 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr R Harrison
Director
20 May 2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Accrington & District Golf Club Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 00279756 . The registered office is Accrington Golf Club, Devon Avenue, Oswaldtwistle, Accrington, BB5 4LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Long Leasehold 20% on cost
Plant & Machinery 4% on cost
Course Machinery 20% to 100% on cost
Fixtures & Fittings 10% to 100% on cost
Computer Equipment 20% to 33% on cost
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income and expenditure account.
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2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income 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.
...CONTINUED
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2.8. Taxation - continued
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 surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing 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 surplus 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Tangible Assets
Land & Property
Long Leasehold Short Leasehold Plant & Machinery Course Machinery
£ £ £ £
Cost
As at 1 March 2024 348,464 30,106 50,072 74,907
As at 28 February 2025 348,464 30,106 50,072 74,907
Depreciation
As at 1 March 2024 - 30,106 50,072 74,907
As at 28 February 2025 - 30,106 50,072 74,907
Net Book Value
As at 28 February 2025 348,464 - - -
As at 1 March 2024 348,464 - - -
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Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 113,335 7,392 624,276
As at 28 February 2025 113,335 7,392 624,276
Depreciation
As at 1 March 2024 113,335 7,392 275,812
As at 28 February 2025 113,335 7,392 275,812
Net Book Value
As at 28 February 2025 - - 348,464
As at 1 March 2024 - - 348,464
5. Investments
Subsidiaries
£
Cost
As at 1 March 2024 1
As at 28 February 2025 1
Provision
As at 1 March 2024 -
As at 28 February 2025 -
Net Book Value
As at 28 February 2025 1
As at 1 March 2024 1
The company owns 100% of the issued share capital of Accrington and District Golf Club Services Limited.
                                                                                                      2025      2024
                                                                                                         £            £
Aggregate capital and reserves                                                        1            1
Profit and (loss) for the year                                                            nil           nil
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consilidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
6. Stocks
2025 2024
£ £
Stock 300 300
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7. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 10,358 10,074
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 23,316 15,687
Bank loans and overdrafts 39,759 24,439
Amounts owed to group undertakings 7,630 5,571
Other creditors 182,508 172,538
Taxation and social security 7,656 15,021
260,869 233,256
Bank loans of £ 9781 (2024- £ 9921) are secured by a government backed guarantee against the outstanding facility balance.
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 4,175 14,195
Other creditors 6,845 5,382
11,020 19,577
Bank loans of £ 4175 (2024- £ 14195) are secured by a government backed guarantee against the outstanding facility balance.
10. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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