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REGISTERED NUMBER: 01286815 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Darlington Golf Club (Members) Limited

Darlington Golf Club (Members) Limited (Registered number: 01286815)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Darlington Golf Club (Members) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr J Austin
Mr J Welsh
Mr J Wright
Mr D A Bates
Mr D B Lee





REGISTERED OFFICE: Haughton Grange
Darlington
Co. Durham
DL1 3JD





REGISTERED NUMBER: 01286815 (England and Wales)





ACCOUNTANTS: Lyons Watson
Accountants & Business Advisers
Business Central
2 Union Square
Darlington
Co. Durham
DL1 1GL

Darlington Golf Club (Members) Limited (Registered number: 01286815)

Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 282,731 343,842

CURRENT ASSETS
Stocks 9,307 7,898
Debtors 5 5,269 5,696
Cash at bank and in hand 839,781 31,167
854,357 44,761
CREDITORS
Amounts falling due within one year 6 72,182 102,596
NET CURRENT ASSETS/(LIABILITIES) 782,175 (57,835 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,064,906

286,007

CREDITORS
Amounts falling due after more than one
year

7

(28,770

)

(161,785

)

ACCRUALS AND DEFERRED INCOME (35,518 ) (37,189 )
NET ASSETS 1,000,618 87,033

RESERVES
Income and expenditure account 1,000,618 87,033
1,000,618 87,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Darlington Golf Club (Members) Limited (Registered number: 01286815)

Balance Sheet - continued
31 December 2024


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 25 March 2025 and were signed on its behalf by:




Mr J Welsh - Director



Mr J Wright - Director


Darlington Golf Club (Members) Limited (Registered number: 01286815)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Darlington Golf Club (Members) Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address are below:


Registered number: 01286815


Registered office: Haughton Grange
Darlington
Co Durham
DL1 3JD

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared under the going concern basis of accounting.

Turnover
Turnover represents the value, excluding value added tax, of subscriptions and entrance fees, green fees and bar takings.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 3% on cost
Buildings - 10% on cost and 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost and 15% on reducing balance

Freehold land is not depreciated.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

Darlington Golf Club (Members) Limited (Registered number: 01286815)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Going concern
The committee has considered the club's working capital requirements for at least one year from the date of signing these financial statements. It continues to review the club's financial performance with a view to increasing revenue, further reducing costs and increasing profitability. On this basis the committee considers that the club will continue to operate within its banking facilities. However, the margin of facilities over requirements is not large and, inherently there can be no certainty in relation to these matters.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Drainage
property leasehold Buildings & Fencing
£    £    £    £   
COST
At 1 January 2024 151,688 137,750 290,818 88,342
Disposals (42,000 ) - - -
At 31 December 2024 109,688 137,750 290,818 88,342
DEPRECIATION
At 1 January 2024 - 35,130 257,435 87,061
Charge for year - 4,132 5,193 -
At 31 December 2024 - 39,262 262,628 87,061
NET BOOK VALUE
At 31 December 2024 109,688 98,488 28,190 1,281
At 31 December 2023 151,688 102,620 33,383 1,281

Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 164,493 114,558 7,258 954,907
Disposals - - - (42,000 )
At 31 December 2024 164,493 114,558 7,258 912,907
DEPRECIATION
At 1 January 2024 145,281 80,344 5,814 611,065
Charge for year 3,842 5,131 813 19,111
At 31 December 2024 149,123 85,475 6,627 630,176
NET BOOK VALUE
At 31 December 2024 15,370 29,083 631 282,731
At 31 December 2023 19,212 34,214 1,444 343,842

The net book value of tangible fixed assets includes £4,539 (2023 - £5,673) in respect of assets held under finance leases.

Darlington Golf Club (Members) Limited (Registered number: 01286815)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Prepayments and accrued income 5,269 5,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 16,226 14,713
Other loans - 13,856
Hire purchase contracts - 458
Trade creditors 7,416 17,280
Social security and other taxes 4,159 2,559
VAT 4,259 4,660
Other Creditors 30,144 42,279
Accruals and deferred income 3,970 1,003
Accrued expenses 6,008 5,788
72,182 102,596

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans - 2-5 years 27,778 64,514
Bank loans 992 97,271
28,770 161,785

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 992 97,271

8. SECURED DEBTS

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Bank loans 44,996 176,498
Hire purchase contracts - 458
44,996 176,956

Bank loans and overdrafts are secured by way of a debenture over the assets of the company. Finance lease liabilities are secured on the assets to which they relate.

9. CONTINGENT LIABILITIES

Grants receivable may be repayable in part or in full if certain conditions associated with the grants are not met.

Darlington Golf Club (Members) Limited (Registered number: 01286815)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. OPERATING LEASE COMMITMENTS

At 31 December 2024 the company had aggregate annual commitments under non-cancellable operating leases totalling £89,684 (2023 - £130,978).

11. RELATED PARTY DISCLOSURES

During the year honoraria of £7,910 (2023 - £14,811) were paid to members of the committee.

12. LIMITED BY GUARANTEE

The company does not have share capital, but every member of the company undertakes to contribute such an amount as may be required to the assets of the company in the event of it being wound up while he is a member or within one year afterwards for payment of the debts and liabilities of the company contracted before he ceased as a member and the costs, charges and expenses of winding up and for the adjustments of the rights of the contributor's among themselves. Such amount as may be required is limited to £1 per member.