| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 November 2024 |
| for |
| The Cavendish Golf Club Limited |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| RESERVES |
| Revaluation reserve | 9 |
| Income and expenditure account |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Freehold property | - |
| Water Installation and Course Improvements |
- |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Water |
| Installation |
| and |
| Freehold | Course | Plant and |
| property | Improvements | machinery |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 December 2023 |
| Additions |
| Revaluations |
| At 30 November 2024 |
| DEPRECIATION |
| At 1 December 2023 |
| Charge for year |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 December 2023 |
| Additions |
| Revaluations |
| At 30 November 2024 |
| DEPRECIATION |
| At 1 December 2023 |
| Charge for year |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| 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 |
| Other debtors |
| VAT |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.24 | 30.11.23 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Broken Cross Club loan | 3,000 | 3,000 |
| Member loans | 24,550 | 25,221 |
| Accrued expenses |
| Fees received in advance | 80,128 | 69,977 |
| 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 |
| Fees in advance | 11,350 | 16,750 |
| Broken Cross Loan | 250 | 3,250 |
| Member loans | 75,482 | 100,033 |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 30.11.24 | 30.11.23 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 December 2023 |
| Revaluation | 46,150 |
| At 30 November 2024 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 11. | COMPANY LIMITED BY GUARANTEE |
| The company is limited by guarantee. The members' liability in this respect is limited to 25p. |