IRIS Accounts Production v25.1.3.33 00351617 Board of Directors 1.4.24 31.3.25 31.3.25 9/6/2025 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh003516172024-03-31003516172025-03-31003516172024-04-012025-03-31003516172023-03-31003516172023-04-012024-03-31003516172024-03-3100351617ns15:EnglandWales2024-04-012025-03-3100351617ns14:PoundSterling2024-04-012025-03-3100351617ns10:Director12024-04-012025-03-3100351617ns10:UnlimitedCompany2024-04-012025-03-3100351617ns10:SmallEntities2024-04-012025-03-3100351617ns10:Audited2024-04-012025-03-3100351617ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3100351617ns10:FullAccounts2024-04-012025-03-3100351617ns10:Director22024-04-012025-03-3100351617ns10:Director32024-04-012025-03-3100351617ns10:Director42024-04-012025-03-3100351617ns10:Director52024-04-012025-03-3100351617ns10:Director62024-04-012025-03-3100351617ns10:Director72024-04-012025-03-3100351617ns10:Director82024-04-012025-03-3100351617ns10:RegisteredOffice2024-04-012025-03-3100351617ns5:CurrentFinancialInstruments2025-03-3100351617ns5:CurrentFinancialInstruments2024-03-3100351617ns5:Non-currentFinancialInstruments2025-03-3100351617ns5:Non-currentFinancialInstruments2024-03-3100351617ns5:RetainedEarningsAccumulatedLosses2025-03-3100351617ns5:RetainedEarningsAccumulatedLosses2024-03-3100351617ns5:LeaseholdImprovements2024-03-3100351617ns5:PlantMachinery2024-03-3100351617ns5:LeaseholdImprovements2024-04-012025-03-3100351617ns5:PlantMachinery2024-04-012025-03-3100351617ns5:LeaseholdImprovements2025-03-3100351617ns5:PlantMachinery2025-03-3100351617ns5:LeaseholdImprovements2024-03-3100351617ns5:PlantMachinery2024-03-3100351617ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3100351617ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3100351617ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2025-03-3100351617ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-03-3100351617ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2025-03-3100351617ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3100351617ns5:HirePurchaseContracts2025-03-3100351617ns5:HirePurchaseContracts2024-03-3100351617ns5:RetainedEarningsAccumulatedLosses2024-03-3100351617ns5:RetainedEarningsAccumulatedLosses2024-04-012025-03-31
REGISTERED NUMBER: 00351617 (England and Wales)















STOURBRIDGE GOLF CLUB LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






STOURBRIDGE GOLF CLUB LIMITED (REGISTERED NUMBER: 00351617)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


STOURBRIDGE GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr N Barrett
Mr C Darby
Mr T James
Ms C Kenny
Mr R B Macey
Mr A Pooler
Mr. C. Thomas
Mr. S.C. Markey





REGISTERED OFFICE: The Club House
Worcester Lane
Pedmore
Stourbridge
West Midlands
DY8 2RB





REGISTERED NUMBER: 00351617 (England and Wales)





AUDITORS: Folkes Worton LLP
Chartered Accountants and Statutory Auditor
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

STOURBRIDGE GOLF CLUB LIMITED (REGISTERED NUMBER: 00351617)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 366,150 279,931

CURRENT ASSETS
Stocks 5 13,324 12,706
Debtors 6 36,420 25,576
Cash at bank and in hand 761,882 748,059
811,626 786,341
CREDITORS
Amounts falling due within one year 7 697,422 692,738
NET CURRENT ASSETS 114,204 93,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

480,354

373,534

CREDITORS
Amounts falling due after more than one
year

8

99,934

70,425
NET ASSETS 380,420 303,109

RESERVES
Retained earnings 10 380,420 303,109
380,420 303,109

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 9 June 2025 and were signed on its behalf by:





Mr N Barrett - Director


STOURBRIDGE GOLF CLUB LIMITED (REGISTERED NUMBER: 00351617)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Stourbridge Golf Club Limited is a private company , 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 represents net sales of goods/services, excluding value added tax

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives.

Depreciation is recognised on the following bases:

Clubhouse - write off club house alterations in equal instalments over the duration of the lease in
force at the time of the purchase
Plant and machinery - write off in equal annual instalments over a 7 year period

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

STOURBRIDGE GOLF CLUB LIMITED (REGISTERED NUMBER: 00351617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 22 ) .

4. TANGIBLE FIXED ASSETS
Clubhouse Plant and
alterations machinery Totals
£    £    £   
COST
At 1 April 2024 252,201 558,966 811,167
Additions 24,860 137,298 162,158
Disposals - (73,383 ) (73,383 )
At 31 March 2025 277,061 622,881 899,942
DEPRECIATION
At 1 April 2024 147,692 383,544 531,236
Charge for year 30,327 44,036 74,363
Eliminated on disposal - (71,807 ) (71,807 )
At 31 March 2025 178,019 355,773 533,792
NET BOOK VALUE
At 31 March 2025 99,042 267,108 366,150
At 31 March 2024 104,509 175,422 279,931

5. STOCKS
2025 2024
£    £   
Stocks 13,324 12,706

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Subscriptions due (689 ) 5,780
Prepayments 37,109 19,796
36,420 25,576

STOURBRIDGE GOLF CLUB LIMITED (REGISTERED NUMBER: 00351617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 9) 37,035 29,708
Trade creditors 73,673 62,209
Tax 2,229 1,635
Social security and other taxes 5,124 6,367
Machinery provision 31,933 22,043
VAT 4,602 9,155
Subscriptions in advance 439,300 492,433
Balance on members cards 26,530 19,647
Accruals 76,996 49,541
697,422 692,738

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts (see note 9) 99,934 70,425

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 37,035 29,708
Between one and five years 99,934 70,425
136,969 100,133

The current lease commenced on 24 July 2013 for a period of 19 years and 11 months at an annual rent of £58,000, increasing at 3% per annum compounded, to be applied on every third anniversary of the Term of Commencement Date.

10. RESERVES
Retained
earnings
£   

At 1 April 2024 303,109
Profit for the year 77,311
At 31 March 2025 380,420

STOURBRIDGE GOLF CLUB LIMITED (REGISTERED NUMBER: 00351617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Smith BSc FCA (Senior Statutory Auditor)
for and on behalf of Folkes Worton LLP

12. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13. FUNDS ADMINISTERED BY THE COMMITTEE

The Committee administers investments on behalf of the Terry Griffin Fund, J H Yardley and the Davies Trophy Fund. The funds were established for the benefit of the club members, but the club is not entitled to the capital of these funds. Fund values at the balance sheet date amounted to £27,065, £1,912 and £346 respectively.