1 December 2023 v2025.46.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP001340252023-12-012024-11-30001340252024-11-30001340252023-11-3000134025core:WithinOneYear2024-11-3000134025core:WithinOneYear2023-11-3000134025core:AfterOneYear2024-11-3000134025core:AfterOneYear2023-11-3000134025core:RevaluationReserve2024-11-3000134025core:RevaluationReserve2023-11-3000134025core:RetainedEarningsAccumulatedLosses2024-11-3000134025core:RetainedEarningsAccumulatedLosses2023-11-3000134025bus:Director12023-12-012024-11-3000134025bus:RegisteredOffice2023-12-012024-11-3000134025core:PlantMachinery2023-12-012024-11-3000134025core:FurnitureFittings2023-12-012024-11-3000134025core:OfficeEquipment2023-12-012024-11-30001340252022-12-012023-11-3000134025core:LandBuildings2023-12-0100134025core:PlantMachinery2023-12-01001340252023-12-0100134025core:LandBuildings2024-11-3000134025core:PlantMachinery2024-11-3000134025core:LandBuildings2023-11-3000134025core:PlantMachinery2023-11-300013402512023-12-012024-11-3000134025countries:EnglandWales2023-12-012024-11-3000134025bus:AuditExemptWithAccountantsReport2023-12-012024-11-3000134025bus:CompanyLimitedByGuarantee2023-12-012024-11-3000134025bus:SmallEntities2023-12-012024-11-3000134025bus:FullAccounts2023-12-012024-11-30
Company registration number:
00134025
The Rossendale Golf Club Limited
Company limited by guarantee
Unaudited Filleted Financial Statements for the year ended
30 November 2024
The Rossendale Golf Club Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of The Rossendale Golf Club Limited
Year ended
30 November 2024
As described on the statement of financial position, the Board of Directors of
The Rossendale Golf Club Limited
are responsible for the preparation of the
financial statements
for the year ended
30 November 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
WN Accountancy Limited
3 Mason Street
Horwich
Bolton
BL6 5QP
United Kingdom
The Rossendale Golf Club Limited
Statement of Financial Position
30 November 2024
20242023
Note££
Fixed assets    
Tangible assets 5
876,985
 
853,762
 
Current assets    
Stocks
18,319
 
16,100
 
Debtors 6
15,054
 
14,727
 
Cash at bank and in hand
91,248
 
108,504
 
124,621
 
139,331
 
Creditors: amounts falling due within one year 7
(206,846
)
(193,154
)
Net current liabilities
(82,225
)
(53,823
)
Total assets less current liabilities 794,760   799,939  
Creditors: amounts falling due after more than one year 8
(286,266
)
(280,710
)
Net assets
508,494
 
519,229
 
Capital and reserves    
Revaluation reserve
166,675
 
166,675
 
Income and expenditure account
341,819
 
352,554
 
Members funds
508,494
 
519,229
 
For the year ending
30 November 2024
, 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
25 July 2025
, and are signed on behalf of the board by:
B Brown
Director
Company registration number:
00134025
The Rossendale Golf Club Limited
Notes to the Financial Statements
Year ended
30 November 2024

1 General information

The company is a private company limited by guarantee and is registered in England and Wales. The address of the registered office is
Ewood Lane Head
,
Haslingden
,
Rossendale
,
Lancs
,
BB4 6LH
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable surplus for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in surplus or deficit to the extent that it reverses a revaluation decrease of the same asset previously recognised in surplus or deficit. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in surplus or deficit.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
10% straight line
Fixtures and fittings
15% straight line
Office equipment
33% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in surplus or deficit. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in surplus or deficit.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in surplus or deficit immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in surplus or deficit immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
19
(2023:
18.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 December 2023
670,000
 
774,376
 
1,444,376
 
Additions -  
68,721
 
68,721
 
Disposals -  
(60,090
)
(60,090
)
At
30 November 2024
670,000
 
783,007
 
1,453,007
 
Depreciation      
At
1 December 2023
-  
590,614
 
590,614
 
Charge -  
38,311
 
38,311
 
Disposals -  
(52,903
)
(52,903
)
At
30 November 2024
-  
576,022
 
576,022
 
Carrying amount      
At
30 November 2024
670,000
 
206,985
 
876,985
 
At 30 November 2023
670,000
 
183,762
 
853,762
 

Tangible assets held at valuation

In respect of tangible assets held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
Land and buildingsLand and buildings
20242023
££
Aggregate historical cost 666,344   666,344  
Aggregate depreciation (163,019 ) (163,019 )
Carrying amount 503,325   503,325  
The directors are of the opinion that the carrying value of the freehold land and buildings does not differ materially from the fair value of the freehold land and buildings at the end of the year.

6 Debtors

20242023
££
Other debtors
15,054
 
14,727
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
16,667
 
14,553
 
Trade creditors
18,574
 
26,733
 
Taxation and social security
11,339
 
9,488
 
Other creditors
160,266
 
142,380
 
206,846
 
193,154
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
221,048
 
238,715
 
Other creditors
65,218
 
41,995
 
286,266
 
280,710
 
The bank loan of £237,715 (2023: £253,268) relates to a mortgage secured on the freehold property.
Included within other creditors are hire purchase liabilities totalling £91,390 (2023: £55,910) which are secured on the assets to which they relate.