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REGISTERED NUMBER: 12306188 (England and Wales)















Piltdown Golf Club Ltd

Financial Statements for the Year Ended 31 December 2024






Piltdown Golf Club Ltd (Registered number: 12306188)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Piltdown Golf Club Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr P N Fairbairn
Mr P Sellars
Mrs G M Williams
Mr A H Shaw
Mr J Turzynski





SECRETARY: Mr P H L Bonsall





REGISTERED OFFICE: Golf Club Lane
Piltdown
Uckfield
East Sussex
TN22 3XB





REGISTERED NUMBER: 12306188 (England and Wales)





AUDITORS: Swindells LLP
Chartered Accountants
and Statutory Auditor
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

Piltdown Golf Club Ltd (Registered number: 12306188)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,679,363 1,575,030

CURRENT ASSETS
Stocks 5 11,951 12,030
Debtors 6 72,271 97,808
Cash at bank and in hand 7 478,977 449,168
563,199 559,006
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

8

585,573

584,025
NET CURRENT LIABILITIES (22,374 ) (25,019 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,656,989

1,550,011

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

9

349,263

331,783
NET ASSETS 1,307,726 1,218,228

RESERVES
Junior fund 11 1,233 2,512
Income and expenditure account 11 1,306,493 1,215,716
1,307,726 1,218,228

Piltdown Golf Club Ltd (Registered number: 12306188)

Balance Sheet - continued
31 December 2024


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 and Expenditure Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 March 2025 and were signed on its behalf by:




Mr A H Shaw - Director



Mr P Sellars - Director


Piltdown Golf Club Ltd (Registered number: 12306188)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Piltdown Golf Club Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income
Subscriptions from members are shown after deducting rebates in respect of the members' unsecured loans.

Entrance fees are credited to income in the year in which they are received. Fees payable by instalment and outstanding at the year end are shown in other debtors and the accrued income in other creditors.

Income in the accounts is shown net of value added tax (where applicable).

Tangible fixed assets
Depreciation is calculated to write off the cost of all tangible fixed assets, over their estimated useful lives at the following rates:

Freehold propertystraight line over 50 years
Freehold landnon-depreciating
Outbuildingsstraight line over 20 years
Other assetsstraight line between 2 and 20 years

Stocks
Stocks are valued at the lower of cost and net realisable value after making due provision for obsolescence.

Taxation
The club is liable to corporation tax on its investment income only.

Piltdown Golf Club Ltd (Registered number: 12306188)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Government grants
Government grants in respect of capital expenditure are credited to a deferred income account and released to profit over the expected useful lives of the relevant assets in equal annual instalments.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Hire purchase and leasing commitments
Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract..

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Reserves and funds
Retained earnings are used in accordance with the Articles of Association at the discretion of the directors.

Other funds are created and maintained for particular restricted purposes and further details of these are included in note 11.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 21 ) .

Piltdown Golf Club Ltd (Registered number: 12306188)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Freehold Course Course
property improvements plant
£    £    £   
COST
At 1 January 2024 665,963 1,120,381 719,578
Additions - 86,262 125,807
Disposals - - (49,053 )
At 31 December 2024 665,963 1,206,643 796,332
DEPRECIATION
At 1 January 2024 385,932 487,561 368,503
Charge for year 13,619 64,176 68,733
Eliminated on disposal - - (46,641 )
At 31 December 2024 399,551 551,737 390,595
NET BOOK VALUE
At 31 December 2024 266,412 654,906 405,737
At 31 December 2023 280,031 632,820 351,075

Auto
Clubhouse water and Driving
equipment Sewerage range Totals
£    £    £    £   
COST
At 1 January 2024 421,799 180,832 66,483 3,175,036
Additions 6,704 70,874 - 289,647
Disposals - - - (49,053 )
At 31 December 2024 428,503 251,706 66,483 3,415,630
DEPRECIATION
At 1 January 2024 241,398 87,601 29,011 1,600,006
Charge for year 20,721 11,774 3,879 182,902
Eliminated on disposal - - - (46,641 )
At 31 December 2024 262,119 99,375 32,890 1,736,267
NET BOOK VALUE
At 31 December 2024 166,384 152,331 33,593 1,679,363
At 31 December 2023 180,401 93,231 37,472 1,575,030

Piltdown Golf Club Ltd (Registered number: 12306188)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Included within the net book value of tangible fixed assets is £323,210 (2023 - £278,430) in respect of assets held under finance leases. Depreciation for the year on those assets was £41,217 (2023 - £40,524).

At 31 December 2024, the cost of the freehold property comprised freehold land at Piltdown, the clubhouse with its various extensions and other buildings, including the professional's shop, the plant shed and workshop.

5. STOCKS
2024 2023
£    £   
Bar 6,403 6,903
Catering 5,548 5,127
11,951 12,030

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 400
Other debtors 72,271 97,408
72,271 97,808

7. CASH AT BANK AND IN HAND
2024 2023
£    £   
Barclays business saver
account 446,703 356,708
Barclays current account 31,496 91,632
Cash in hand 778 828
478,977 449,168

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,609 20,425
Hire purchase contracts (see note 10) 81,535 76,819
Trade creditors 395,354 417,338
Taxation and social security 24,943 18,057
Other creditors 64,132 51,386
585,573 584,025

Piltdown Golf Club Ltd (Registered number: 12306188)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 18,740 37,935
Hire purchase contracts (see note 10) 181,667 140,276
Other creditors 148,856 153,572
349,263 331,783

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Members' unsecured loan
2023-2027 40,000 40,000
40,000 40,000

The first annual repayment for the members' loan 2023-27 is now not expected to be before 31 December 2029.

The members 2017 unsecured members' loans are repayable to members 10 years from the date of the loan agreement or within one year of the lender ceasing to be a member of the club, or earlier at the option of the club.

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 81,535 76,819
Between one and five years 181,667 140,276
263,202 217,095

Non-cancellable operating leases
2024 2023
£    £   
Within one year 13,304 13,336
Between one and five years 31,051 37,585
44,355 50,921

Piltdown Golf Club Ltd (Registered number: 12306188)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. RESERVES
Income
and
expenditure Junior
account fund Totals
£    £    £   

At 1 January 2024 1,215,716 2,512 1,218,228
Surplus for the year 90,777 90,777
Fund utilisation - (1,279 ) (1,279 )
At 31 December 2024 1,306,493 1,233 1,307,726

The junior fund represents a donation from a member of the club. This fund will be used to supplement various junior events in the future, including the Junior Open.

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

The Report of the Auditors was unqualified.

Melanie Richardson BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of Swindells LLP

13. CAPITAL COMMITMENTS

At the year end, the club had capital commitments of £nil (2023 - £86,000) which have not been provided for in these financial statements.

14. MEMBERS GUARANTEE

Every member undertakes to contribute such amount as may be required (not exceeding £1) to the company's assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member