Silverfin false false 31/12/2024 01/04/2024 31/12/2024 Peter Allott 02/12/2020 Andrew John Bloom 06/12/2023 David John Buller 02/10/2024 Kevin Neil Cooke 07/12/2022 Janet Aitken Dickson 04/12/2024 06/12/2023 Norman James Dickson 04/12/2024 07/12/2022 Timothy Maurice Elliott 06/12/2023 Paul Kenneth Filby 04/12/2024 Jason Andrew Huggins 04/12/2024 01/12/2021 Helen Rosemary Mitford Price 04/12/2024 Mark Twogood 04/12/2024 Christopher George White 30/05/2024 06/12/2023 08 August 2025 The principal activity of the company during the year was that of a members golf club. 10622816 2024-12-31 10622816 bus:Director1 2024-12-31 10622816 bus:Director2 2024-12-31 10622816 bus:Director3 2024-12-31 10622816 bus:Director4 2024-12-31 10622816 bus:Director5 2024-12-31 10622816 bus:Director6 2024-12-31 10622816 bus:Director7 2024-12-31 10622816 bus:Director8 2024-12-31 10622816 bus:Director9 2024-12-31 10622816 bus:Director10 2024-12-31 10622816 bus:Director11 2024-12-31 10622816 bus:Director12 2024-12-31 10622816 2024-03-31 10622816 core:CurrentFinancialInstruments 2024-12-31 10622816 core:CurrentFinancialInstruments 2024-03-31 10622816 core:Non-currentFinancialInstruments 2024-12-31 10622816 core:Non-currentFinancialInstruments 2024-03-31 10622816 core:RevaluationReserve 2024-12-31 10622816 core:RevaluationReserve 2024-03-31 10622816 core:OtherCapitalReserve 2024-12-31 10622816 core:OtherCapitalReserve 2024-03-31 10622816 core:RetainedEarningsAccumulatedLosses 2024-12-31 10622816 core:RetainedEarningsAccumulatedLosses 2024-03-31 10622816 core:LandBuildings 2024-03-31 10622816 core:FurnitureFittings 2024-03-31 10622816 core:ToolsEquipment 2024-03-31 10622816 core:LandBuildings 2024-12-31 10622816 core:FurnitureFittings 2024-12-31 10622816 core:ToolsEquipment 2024-12-31 10622816 core:WithinOneYear 2024-12-31 10622816 core:WithinOneYear 2024-03-31 10622816 core:BetweenOneFiveYears 2024-12-31 10622816 core:BetweenOneFiveYears 2024-03-31 10622816 2024-04-01 2024-12-31 10622816 bus:FilletedAccounts 2024-04-01 2024-12-31 10622816 bus:SmallEntities 2024-04-01 2024-12-31 10622816 bus:AuditExemptWithAccountantsReport 2024-04-01 2024-12-31 10622816 bus:CompanyLimitedByGuarantee 2024-04-01 2024-12-31 10622816 bus:Director1 2024-04-01 2024-12-31 10622816 bus:Director2 2024-04-01 2024-12-31 10622816 bus:Director3 2024-04-01 2024-12-31 10622816 bus:Director4 2024-04-01 2024-12-31 10622816 bus:Director5 2024-04-01 2024-12-31 10622816 bus:Director6 2024-04-01 2024-12-31 10622816 bus:Director7 2024-04-01 2024-12-31 10622816 bus:Director8 2024-04-01 2024-12-31 10622816 bus:Director9 2024-04-01 2024-12-31 10622816 bus:Director10 2024-04-01 2024-12-31 10622816 bus:Director11 2024-04-01 2024-12-31 10622816 bus:Director12 2024-04-01 2024-12-31 10622816 core:LandBuildings core:TopRangeValue 2024-04-01 2024-12-31 10622816 core:FurnitureFittings 2024-04-01 2024-12-31 10622816 core:FurnitureFittings core:TopRangeValue 2024-04-01 2024-12-31 10622816 core:ToolsEquipment 2024-04-01 2024-12-31 10622816 2023-04-01 2024-03-31 10622816 core:LandBuildings 2024-04-01 2024-12-31 10622816 core:CurrentFinancialInstruments 2024-04-01 2024-12-31 10622816 core:Non-currentFinancialInstruments 2024-04-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 10622816 (England and Wales)

THETFORD GOLF CLUB LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial period from 01 April 2024 to 31 December 2024
Pages for filing with the registrar

THETFORD GOLF CLUB LIMITED

Unaudited Financial Statements

For the financial period from 01 April 2024 to 31 December 2024

Contents

THETFORD GOLF CLUB LIMITED

COMPANY INFORMATION

For the financial period from 01 April 2024 to 31 December 2024
THETFORD GOLF CLUB LIMITED

COMPANY INFORMATION (continued)

For the financial period from 01 April 2024 to 31 December 2024
DIRECTORS Peter Allott
Andrew John Bloom
David John Buller (Appointed 02 October 2024)
Kevin Neil Cooke
Janet Aitken Dickson (Resigned 04 December 2024)
Norman James Dickson (Resigned 04 December 2024)
Timothy Maurice Elliott
Paul Kenneth Filby (Appointed 04 December 2024)
Jason Andrew Huggins (Resigned 04 December 2024)
Helen Rosemary Mitford Price (Appointed 04 December 2024)
Mark Twogood (Appointed 04 December 2024)
Christopher George White (Resigned 30 May 2024)
SECRETARY David John Buller
REGISTERED OFFICE Brandon Road
Thetford
Norfolk
IP24 3NE
United Kingdom
COMPANY NUMBER 10622816 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
THETFORD GOLF CLUB LIMITED

BALANCE SHEET

As at 31 December 2024
THETFORD GOLF CLUB LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 31.03.2024
£ £
Fixed assets
Tangible assets 3 2,120,356 2,026,115
2,120,356 2,026,115
Current assets
Stocks 24,572 33,238
Debtors 4 400,960 376,132
Cash at bank and in hand 304,840 211,711
730,372 621,081
Creditors: amounts falling due within one year 5 ( 667,950) ( 699,379)
Net current assets/(liabilities) 62,422 (78,298)
Total assets less current liabilities 2,182,778 1,947,817
Creditors: amounts falling due after more than one year 6 ( 96,000) ( 96,000)
Net assets 2,086,778 1,851,817
Reserves
Revaluation reserve 789,831 789,831
Other reserves 7,755 0
Profit and loss account 1,289,192 1,061,986
Total reserves 2,086,778 1,851,817

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Thetford Golf Club Limited (registered number: 10622816) were approved and authorised for issue by the Board of Directors on 08 August 2025. They were signed on its behalf by:

David John Buller
Director
THETFORD GOLF CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2024 to 31 December 2024
THETFORD GOLF CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2024 to 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Thetford Golf Club Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Brandon Road, Thetford, Norfolk, IP24 3NE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

Reporting period length is 9 months.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Fixtures and fittings 20 % reducing balance
10 years straight line
Tools and equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

Period from
01.04.2024 to
31.12.2024
Year ended
31.03.2024
Number Number
Monthly average number of persons employed by the Company during the period, including directors 34 34

3. Tangible assets

Land and buildings Fixtures and fittings Tools and equipment Total
£ £ £ £
Cost
At 01 April 2024 1,763,134 116,133 369,310 2,248,577
Additions 0 14,271 132,286 146,557
Disposals 0 ( 11,063) 0 ( 11,063)
At 31 December 2024 1,763,134 119,341 501,596 2,384,071
Accumulated depreciation
At 01 April 2024 6,565 39,063 176,834 222,462
Charge for the financial period 985 11,522 39,809 52,316
Disposals 0 ( 11,063) 0 ( 11,063)
At 31 December 2024 7,550 39,522 216,643 263,715
Net book value
At 31 December 2024 1,755,584 79,819 284,953 2,120,356
At 31 March 2024 1,756,569 77,070 192,476 2,026,115

4. Debtors

31.12.2024 31.03.2024
£ £
Trade debtors 368,552 344,375
Prepayments 19,173 4,591
Other debtors 13,235 27,166
400,960 376,132

5. Creditors: amounts falling due within one year

31.12.2024 31.03.2024
£ £
Trade creditors 34,436 28,958
Taxation and social security 29,980 61,140
Obligations under finance leases and hire purchase contracts 1,377 14,667
Other creditors 602,157 594,614
667,950 699,379

Included in other creditors are debenture loans of £48,000 (2024: £48,000) which are unsecured and are repayable in
annual instalments over 5 years concluding on 31 March 2027. Interest is payable annually at 3% per annum.

Included in other creditors are hire purchase agreements amounting to £1,377 (2024: £14,667) which are secured on
the assets involved.

6. Creditors: amounts falling due after more than one year

31.12.2024 31.03.2024
£ £
Other creditors 96,000 96,000

Included in other creditors are debenture loans of £96.000 (2024: £96,000) which are unsecured and are repayable in
annual instalments over five years concluding on 31 March 2027. Interest is payable annually at 3% per annum.

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

31.12.2024 31.03.2024
£ £
within one year 962 169
between one and five years 68,670 45,936
69,632 46,105