Kirkby Lonsdale Golf Club Limited 07561173 false 2024-03-01 2025-02-28 2025-02-28 The principal activity of the company is to provide facilities for and to promote participation in the amateur sport of golf in Kirkby Lonsdale. Digita Accounts Production Advanced 6.30.9574.0 true true 07561173 2024-03-01 2025-02-28 07561173 2025-02-28 07561173 core:RetainedEarningsAccumulatedLosses 2025-02-28 07561173 core:CurrentFinancialInstruments 2025-02-28 07561173 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 07561173 core:Non-currentFinancialInstruments core:AfterOneYear 2025-02-28 07561173 core:FurnitureFittingsToolsEquipment 2025-02-28 07561173 core:LandBuildings 2025-02-28 07561173 bus:SmallEntities 2024-03-01 2025-02-28 07561173 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 07561173 bus:FilletedAccounts 2024-03-01 2025-02-28 07561173 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 07561173 bus:RegisteredOffice 2024-03-01 2025-02-28 07561173 bus:Director1 2024-03-01 2025-02-28 07561173 bus:Director10 2024-03-01 2025-02-28 07561173 bus:Director2 2024-03-01 2025-02-28 07561173 bus:Director4 2024-03-01 2025-02-28 07561173 bus:Director8 2024-03-01 2025-02-28 07561173 bus:CompanyLimitedByGuarantee 2024-03-01 2025-02-28 07561173 bus:Agent1 2024-03-01 2025-02-28 07561173 core:Buildings 2024-03-01 2025-02-28 07561173 core:FurnitureFittingsToolsEquipment 2024-03-01 2025-02-28 07561173 core:LandBuildings 2024-03-01 2025-02-28 07561173 core:PlantMachinery 2024-03-01 2025-02-28 07561173 countries:EnglandWales 2024-03-01 2025-02-28 07561173 2024-02-29 07561173 core:FurnitureFittingsToolsEquipment 2024-02-29 07561173 core:LandBuildings 2024-02-29 07561173 2023-03-01 2024-02-29 07561173 2024-02-29 07561173 core:RetainedEarningsAccumulatedLosses 2024-02-29 07561173 core:CurrentFinancialInstruments 2024-02-29 07561173 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 07561173 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 07561173 core:FurnitureFittingsToolsEquipment 2024-02-29 07561173 core:LandBuildings 2024-02-29 iso4217:GBP xbrli:pure

Registration number: 07561173

Kirkby Lonsdale Golf Club Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

Kirkby Lonsdale Golf Club Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Kirkby Lonsdale Golf Club Limited

Company Information

Directors

N R Udale

P McCafferty

J K Derosier

Ms Kate Hampshire

C L Parsons

Registered office

Scaleber Lane
Barbon Kirkby Lonsdale
Carnforth
Cumbria
LA6 2LJ

Accountants

Stables Thompson & Briscoe Limited
Chartered Accountants & Business AdvisersLowther House
Lowther Street
Kendal
LA9 4DX

 

Kirkby Lonsdale Golf Club Limited

(Registration number: 07561173)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

359,089

406,865

Current assets

 

Debtors

5

29,356

30,582

Cash at bank and in hand

 

15,666

17,892

 

45,022

48,474

Creditors: Amounts falling due within one year

6

(217,247)

(205,917)

Net current liabilities

 

(172,225)

(157,443)

Total assets less current liabilities

 

186,864

249,422

Creditors: Amounts falling due after more than one year

6

(51,700)

(87,319)

Net assets

 

135,164

162,103

Reserves

 

Retained earnings

135,164

162,103

Surplus

 

135,164

162,103

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 May 2025 and signed on its behalf by:
 

.........................................
C L Parsons
Director

 

Kirkby Lonsdale Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended
28 February 2025

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £500 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Scaleber Lane
Barbon Kirkby Lonsdale
Carnforth
Cumbria
LA6 2LJ

These financial statements were authorised for issue by the Board on 14 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of disclosure exemptions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group..

Group accounts not prepared

The financial statements contain information about Kirkby Lonsdale Golf Club Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

The company has one subsidiary, KLGC Enterprises Ltd, which manages the non-member services such as catering, visitor fees and buggy hire.
.

 

Kirkby Lonsdale Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended
28 February 2025

Going concern

The financial statements have been prepared on a going concern basis.

The company has net current liabilities of £217,247 (2024 - £205,916). Of this £101,821 (2024 - £106,543) relate to subscriptions received in advance for the current year. A further £127,311 (2024 - £134,036) in subscriptions have been received since the year end. On this basis the directors are confident that the company is a going concern and the accounts have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

As a CASC corporation tax is only payable on profits from trading with non-members and rental income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Kirkby Lonsdale Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended
28 February 2025

Asset class

Depreciation method and rate

Golf course and greens

5% straight line

Clubhouse

2% straight line

Plant and machinery

20% reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 14).

The company employees include those staff working for KLGC Enterprises Ltd whose cost is shown in those accounts. The number of staff working for the Club was 6 (2024 - 6).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2024

360,099

408,445

768,544

Additions

-

645

645

Disposals

-

(50,620)

(50,620)

At 28 February 2025

360,099

358,470

718,569

Depreciation

At 1 March 2024

137,573

224,106

361,679

Charge for the year

6,989

33,204

40,193

Eliminated on disposal

-

(42,392)

(42,392)

At 28 February 2025

144,562

214,918

359,480

Carrying amount

At 28 February 2025

215,537

143,552

359,089

At 29 February 2024

222,526

184,339

406,865

5

Debtors

Current

2025
£

2024
£

Amounts owed by related parties

3,561

6,537

Prepayments

 

642

642

Other debtors

 

25,153

23,403

   

29,356

30,582

 

Kirkby Lonsdale Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended
28 February 2025

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

 

Loans and borrowings

34,816

41,879

Trade creditors

 

51,242

26,063

Taxation and social security

 

3,220

5,556

Accruals and deferred income

 

101,821

106,543

Other creditors

 

26,148

25,876

 

217,247

205,917

Creditors: amounts falling due after more than one year

2025
£

2024
£

Due after one year

 

Loans and borrowings

51,700

87,319

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £32,000 (2024 - £32,000).
The Company leases land from the Trustees of the Simon Pease Will Trust, which expires on 21 January 2042.

The rent concession has been agreed with the trustees for the next three years as follows: £32,000 for 2024 and £32,000 for 2025.

The lease can be terminated by either the Company or the Landlord on a break date of (1 November each year) by serving a break notice of not less than 12 months notice.