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REGISTERED NUMBER: 11937000 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BUNGAY & WAVENEY VALLEY GOLF CLUB
LIMITED

BUNGAY & WAVENEY VALLEY GOLF CLUB
LIMITED (REGISTERED NUMBER: 11937000)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BUNGAY & WAVENEY VALLEY GOLF CLUB
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: W K Carson
Mrs S J Cooper
A B Graham
M E Spalding
P N Vass
T Parsons
Mrs J L Ray
J L P Hyde





REGISTERED OFFICE: Lothing House
7 Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 11937000 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

BUNGAY & WAVENEY VALLEY GOLF CLUB
LIMITED (REGISTERED NUMBER: 11937000)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 300,328 322,879

CURRENT ASSETS
Stocks 38,390 34,694
Debtors 5 54,439 70,151
Cash at bank 412,544 554,200
505,373 659,045
CREDITORS
Amounts falling due within one year 6 (279,025 ) (316,352 )
NET CURRENT ASSETS 226,348 342,693
TOTAL ASSETS LESS CURRENT
LIABILITIES

526,676

665,572

RESERVES
Capital Reserve Fund 7 89,631 184,033
Income and expenditure account 7 437,045 481,539
526,676 665,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 18 December 2024 and were signed on its behalf by:





P W Boardman - Director


BUNGAY & WAVENEY VALLEY GOLF CLUB
LIMITED (REGISTERED NUMBER: 11937000)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Bungay & Waveney Valley Golf Club Limited 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

BUNGAY & WAVENEY VALLEY GOLF CLUB
LIMITED (REGISTERED NUMBER: 11937000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 258,761 142,446 401,207
Additions - 103 103
Disposals - (7 ) (7 )
At 30 September 2024 258,761 142,542 401,303
DEPRECIATION
At 1 October 2023 25,769 52,559 78,328
Charge for year 6,463 16,184 22,647
At 30 September 2024 32,232 68,743 100,975
NET BOOK VALUE
At 30 September 2024 226,529 73,799 300,328
At 30 September 2023 232,992 89,887 322,879

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 54,439 70,151

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 19,999 30,832
Trade creditors 259,026 285,520
279,025 316,352

7. RESERVES
Income
and Capital
expenditure Reserve
account Fund Totals
£    £    £   

At 1 October 2023 481,539 184,033 665,572
Deficit for the year (44,494 ) (44,494 )
Capital expenditure - (94,402 ) (94,402 )
At 30 September 2024 437,045 89,631 526,676