| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| ASHTON-IN-MAKERFIELD GOLF CLUB LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| ASHTON-IN-MAKERFIELD GOLF CLUB LIMITED |
| ASHTON-IN-MAKERFIELD GOLF CLUB LIMITED (REGISTERED NUMBER: 01216701) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ASHTON-IN-MAKERFIELD GOLF CLUB LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditors |
| Britannia Chambers |
| 26 George Street |
| St Helens |
| Merseyside |
| WA10 1BZ |
| ASHTON-IN-MAKERFIELD GOLF CLUB LIMITED (REGISTERED NUMBER: 01216701) |
| BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| RESERVES |
| Capital reserves | 8 |
| Retained earnings | 8 |
| ASHTON-IN-MAKERFIELD GOLF CLUB LIMITED (REGISTERED NUMBER: 01216701) |
| BALANCE SHEET - continued |
| 30 SEPTEMBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ASHTON-IN-MAKERFIELD GOLF CLUB LIMITED (REGISTERED NUMBER: 01216701) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Ashton-in-Makerfield Golf Club Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| The turnover shown in the Profit and Loss account represents bar takings receivable during the year, exclusive of Value Added Tax. The main source of the other operating income is green fees and subscriptions. This is accounted for over the period to which it relates on an accruals basis as fees are received in advance for the year. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Freehold Land - Land is not depreciated |
| Freehold buildings & drainage -2% - 5% straight line |
| Plant and machinery -14% - 25% at varying rates |
| Fixtures and fittings -6% - 20% at varying rates |
| Trophies -2% or 20% straight line |
| Computer equipment -20% straight line |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after taking due allowance for obsolete and slow moving items. Cost is calculated as the costs incurred in bringing the stocks to their present location and condition. |
| 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. |
| Going concern |
| The directors have concluded that it is appropriate to prepare the accounts on a going concern basis as the company had adequate cash resources to indicate that the company will continue to trade within its existing bank facilities. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| Deferred grants |
| Deferred grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the asset to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| ASHTON-IN-MAKERFIELD GOLF CLUB LIMITED (REGISTERED NUMBER: 01216701) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Fixtures |
| land and | Plant and | and |
| buildings | machinery | fittings |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 October 2023 |
| Additions |
| Disposals | ( |
) | ( |
) |
| Revaluations |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| Computer |
| Trophies | equipment | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 October 2023 |
| Additions |
| Disposals | ( |
) |
| Revaluations |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| Land and buildings are reflected in the financial statements based on a professional valuation value of £1,400,000, plus additions since that date . The valuation was undertaken by Frank Marshall ,Chartered Surveyors,Wigan in December 2023.The historical cost of the land and buildings is £1,546,875 (2023 £1,535,389). |
| ASHTON-IN-MAKERFIELD GOLF CLUB LIMITED (REGISTERED NUMBER: 01216701) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Finance leases |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 2,582 | 833 |
| Other creditors |
| NCB grant - deferred income | 3,898 | 3,899 |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Finance leases |
| NCB grant-deferred income |
| 8. | RESERVES |
| Retained | Capital |
| earnings | reserves | Totals |
| £ | £ | £ |
| At 1 October 2023 | 1,404,549 |
| Profit for the year |
| At 30 September 2024 | 1,642,631 |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |