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REGISTERED NUMBER: 00527695 (England and Wales)















Financial Statements for the Year Ended 30 November 2024

for

The Cavendish Golf Club Limited

The Cavendish Golf Club Limited (Registered number: 00527695)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Cavendish Golf Club Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: A J R McKinlay
Mrs C Campbell
L G Marshall
J Lowther
D Brindley





REGISTERED OFFICE: The Cavendish Golf Club
Watford Road
Buxton
Derbyshire
SK17 6XF





REGISTERED NUMBER: 00527695 (England and Wales)





AUDITORS: DLA Chartered Accountants
Statutory Auditors
36A Market Street
New Mills
High Peak
SK22 4AA

The Cavendish Golf Club Limited (Registered number: 00527695)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,725,295 1,582,633

CURRENT ASSETS
Debtors 5 22,446 33,815
Cash at bank and in hand 157,720 241,941
180,166 275,756
CREDITORS
Amounts falling due within one year 6 309,658 306,603
NET CURRENT LIABILITIES (129,492 ) (30,847 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,595,803

1,551,786

CREDITORS
Amounts falling due after more than one
year

7

(92,735

)

(135,826

)

PROVISIONS FOR LIABILITIES (106,850 ) (106,850 )
NET ASSETS 1,396,218 1,309,110

RESERVES
Revaluation reserve 9 1,152,428 1,106,278
Income and expenditure account 243,790 202,832
1,396,218 1,309,110

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 5 June 2025 and were signed on its behalf by:




A J R McKinlay - Director



L G Marshall - Director


The Cavendish Golf Club Limited (Registered number: 00527695)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

The Cavendish 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Members' subscriptions, green fees, franchise rent, buggy hire and other income is recognised in the period to which it relates.

Shop sales are recognised upon collection of the goods by customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Water Installation and Course
Improvements

-

4% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 10% or 20% straight line
Computer equipment - 20% on cost

Depreciation is not provided on freehold property as the length of the useful economic life, and the high residual value make the charge immaterial.

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.

Deferred taxation has been recognised on the revaluation gain on the freehold land and property, which represents the current obligation to pay tax in the future if the asset is sold.

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.

The Cavendish Golf Club Limited (Registered number: 00527695)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Going concern
The accounts show net current liabilities of £129,492 at the balance sheet date, however, the directors have confirmed that they consider the company retains sufficient working capital to continue trading for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Water
Installation
and
Freehold Course Plant and
property Improvements machinery
£    £    £   
COST OR VALUATION
At 1 December 2023 1,568,323 101,528 139,581
Additions 85,527 - 5,263
Revaluations 46,150 - -
At 30 November 2024 1,700,000 101,528 144,844
DEPRECIATION
At 1 December 2023 - 101,528 126,160
Charge for year - - 4,793
At 30 November 2024 - 101,528 130,953
NET BOOK VALUE
At 30 November 2024 1,700,000 - 13,891
At 30 November 2023 1,568,323 - 13,421

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST OR VALUATION
At 1 December 2023 36,545 11,164 1,857,141
Additions - 12,545 103,335
Revaluations - - 46,150
At 30 November 2024 36,545 23,709 2,006,626
DEPRECIATION
At 1 December 2023 36,545 10,275 274,508
Charge for year - 2,030 6,823
At 30 November 2024 36,545 12,305 281,331
NET BOOK VALUE
At 30 November 2024 - 11,404 1,725,295
At 30 November 2023 - 889 1,582,633

The Cavendish Golf Club Limited (Registered number: 00527695)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 November 2024 is represented by:

Water
Installation
and
Freehold Course Plant and
property Improvements machinery
£    £    £   
Valuation in 2021 1,170,719 - -
Valuation in 2025 46,150 - -
Cost 483,131 101,528 144,844
1,700,000 101,528 144,844

Fixtures
and Computer
fittings equipment Totals
£    £    £   
Valuation in 2021 - - 1,170,719
Valuation in 2025 - - 46,150
Cost 36,545 23,709 789,757
36,545 23,709 2,006,626

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.11.24 30.11.23
£    £   
Cost 483,131 397,604

Freehold land and buildings were valued on an open market basis on 9 April 2025 by Jonathan V. Davies Chartered Surveyors .


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 3,886 12,492
Other debtors 5,810 3,870
VAT 1,330 6,175
Prepayments and accrued income 11,420 11,278
22,446 33,815

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 37,778 92,988
Tax 2,687 3,535
Social security and other taxes 3,308 4,403
Other creditors 44,564 35,781
Broken Cross Club loan 3,000 3,000
Member loans 24,550 25,221
Accrued expenses 103,643 61,698
Fees received in advance 80,128 69,977
309,658 306,603

The Cavendish Golf Club Limited (Registered number: 00527695)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans - 1-5 years 5,653 15,793
Fees in advance 11,350 16,750
Broken Cross Loan 250 3,250
Member loans 75,482 100,033
92,735 135,826

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.24 30.11.23
£    £   
Within one year 61,336 54,097
Between one and five years 153,701 165,622
In more than five years 1,240 5,855
216,277 225,574

9. RESERVES
Revaluation
reserve
£   
At 1 December 2023 1,106,278
Revaluation 46,150

At 30 November 2024 1,152,428

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

The Report of the Auditors was unqualified.

David Lee (Senior Statutory Auditor)
for and on behalf of DLA Chartered Accountants

11. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee. The members' liability in this respect is limited to 25p.