Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 25 July 2025 1 November 2023 31 October 2024 31 October 2024 00165112 Mr Mark Hitchen Mr Jonathan Sanders Chair Andrew Ferguson Mr Tim Stokes Mr Robert Hawkins Mr Marc Matthews Mr Nico Ekendahl iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00165112 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-10-31 00165112 2023-10-31 00165112 2024-10-31 00165112 2023-11-01 2024-10-31 00165112 frs-core:CurrentFinancialInstruments 2024-10-31 00165112 frs-core:Non-currentFinancialInstruments 2024-10-31 00165112 frs-core:ComputerEquipment 2024-10-31 00165112 frs-core:ComputerEquipment 2023-11-01 2024-10-31 00165112 frs-core:ComputerEquipment 2023-10-31 00165112 frs-core:FurnitureFittings 2024-10-31 00165112 frs-core:FurnitureFittings 2023-11-01 2024-10-31 00165112 frs-core:FurnitureFittings 2023-10-31 00165112 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 00165112 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 00165112 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 00165112 frs-core:PlantMachinery 2024-10-31 00165112 frs-core:PlantMachinery 2023-11-01 2024-10-31 00165112 frs-core:PlantMachinery 2023-10-31 00165112 frs-core:RevaluationReserve 2023-11-01 2024-10-31 00165112 frs-core:RevaluationReserve 2023-10-31 00165112 frs-core:RevaluationReserve 2024-10-31 00165112 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 00165112 frs-bus:CompanyLimitedByGuarantee 2023-11-01 2024-10-31 00165112 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 00165112 frs-bus:SmallEntities 2023-11-01 2024-10-31 00165112 frs-bus:Audited 2023-11-01 2024-10-31 00165112 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 00165112 frs-core:RevaluationInvestmentPropertyDeferredTax 2024-10-31 00165112 frs-bus:Director1 2023-11-01 2024-10-31 00165112 frs-bus:Director2 2023-11-01 2024-10-31 00165112 frs-bus:Director3 2023-11-01 2024-10-31 00165112 frs-bus:Director4 2023-11-01 2024-10-31 00165112 frs-bus:Director5 2023-11-01 2024-10-31 00165112 frs-bus:Director6 2023-11-01 2024-10-31 00165112 frs-bus:Director7 2023-11-01 2024-10-31 00165112 frs-core:CurrentFinancialInstruments 1 2024-10-31 00165112 frs-core:CurrentFinancialInstruments 2 2024-10-31 00165112 frs-core:CurrentFinancialInstruments 3 2024-10-31 00165112 frs-countries:EnglandWales 2023-11-01 2024-10-31 00165112 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2023-10-31 00165112 2022-10-31 00165112 2023-10-31 00165112 2022-11-01 2023-10-31 00165112 frs-core:CurrentFinancialInstruments 2023-10-31 00165112 frs-core:Non-currentFinancialInstruments 2023-10-31 00165112 frs-core:RevaluationReserve 2023-10-31 00165112 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 00165112 frs-core:RevaluationInvestmentPropertyDeferredTax 2023-10-31 00165112 frs-core:CurrentFinancialInstruments 1 2023-10-31 00165112 frs-core:CurrentFinancialInstruments 2 2023-10-31 00165112 frs-core:CurrentFinancialInstruments 3 2023-10-31
Registered number: 00165112
Flackwell Heath Golf Club Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 00165112
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 827,878 893,879
Investment Properties 5 1,420,000 1,320,000
2,247,878 2,213,879
CURRENT ASSETS
Stocks 6 10,830 9,467
Debtors 7 42,095 19,333
Cash at bank and in hand 44,613 96,387
97,538 125,187
Creditors: Amounts Falling Due Within One Year 8 (350,853 ) (437,368 )
NET CURRENT ASSETS (LIABILITIES) (253,315 ) (312,181 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,994,563 1,901,698
Creditors: Amounts Falling Due After More Than One Year 9 (25,650 ) (28,350 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (320,000 ) (236,942 )
NET ASSETS 1,648,913 1,636,406
RESERVES
Revaluation reserve 12 855,558 838,616
Income and Expenditure Account 793,355 797,790
MEMBERS' FUNDS 1,648,913 1,636,406
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr Marc Matthews
Director
21st July 2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Flackwell Heath Golf Club Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 00165112 . The registered office is Treadaway Road, Flackwell Heath, High Wycombe, Buckinghamshire, HP10 9PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover is derived from the provision of golf and ancilliary facilities and represents membership enterance fees and subscription income receivable in respect of the year. Turnover from membership fees is initially deferred and subsequently recognised over the period that it relates.

Food, beverage and retail sales are made from on-site restaurant and shop. The turnover is recognised as income at the time the sale is made, at invoice value excluding value added tax. Turnover also includes non-membership gollf and leisure income (green fees, competition income and social income) which is also recognised at the time the sale is made.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
Plant & Machinery At rates varying between 10% and 30% on cost
Fixtures & Fittings At rates varying between 10% and 30% on cost
Computer Equipment At rates varying between 10% and 30% on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income and expenditure account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 19)
20 19
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 November 2023 810,801 189,708 543,709 459,608 2,003,826
As at 31 October 2024 810,801 189,708 543,709 459,608 2,003,826
Depreciation
As at 1 November 2023 218,016 165,898 296,545 429,488 1,109,947
Provided during the period - 10,920 34,332 20,749 66,001
As at 31 October 2024 218,016 176,818 330,877 450,237 1,175,948
Net Book Value
As at 31 October 2024 592,785 12,890 212,832 9,371 827,878
As at 1 November 2023 592,785 23,810 247,164 30,120 893,879
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Included within the net book value of land and buildings above is £592,795 (2021 - £567,880) in respect of freehold land and buildings.
During the year the directors undertook a further review of the depreciation rates charged on the tangible fixed assets.
As a result of this review no depreciation has been provided on the freehold property (2021 - Nil).
The company adopts a policy of fully maintaining its freehold property and as such the current market value is regade as being not less than the current net book value, therefore no depreciation has been provided during the year ended 31 October 2022.
Reviews will be undertaken annually with a further review in 2025.
The bank loan is secured by a legal charge over the land and buildings.
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 1,320,000
Revaluations 100,000
As at 31 October 2024 1,420,000
6. Stocks
2024 2023
£ £
Stocks 10,830 9,467
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 42,095 -
Prepayments and accrued income - 16,833
Other debtors - 2,500
42,095 19,333
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 55,371 35,197
Bank loans and overdrafts 52,609 68,998
Corporation tax 10,660 7,146
Other taxes and social security - 5,475
VAT 19,767 4,047
Other creditors 5,558 23,907
Club card control 20,157 16,248
Pension contributions 5,997 1,254
Subscriptions in advance 176,078 265,963
Accruals and deferred income 4,656 9,133
350,853 437,368
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Members loans 25,650 28,350
10. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 52,609 68,998
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Revaluation of investment properties 320,000 236,942
12. Reserves
Revaluation Reserve
£
As at 1 November 2023 838,616
Transfer to profit and loss 16,942
As at 31 October 2024 855,558
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13. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
14. FRC's Ethical Standard - Provision Available for Small Entities
In common with 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.
15. Audit Information
The auditor's report on the accounts of Flackwell Heath Golf Club Limited for the year ended 31 October 2024 was unqualified.
The auditor's report was signed by Barry Robert Haines FCCA (Senior Statutory Auditor) for and on behalf of Haines & Company , Statutory Auditor.
Haines & Company
Rear of 81 High Street
Wallingford
Oxfordshire
OX10 0BX
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