Company No:
Contents
| 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 |
| Note | 31.12.2024 | 31.03.2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 2,120,356 | 2,026,115 | |||
| Current assets | ||||
| Stocks |
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| Debtors | 4 |
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| Cash at bank and in hand |
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| 730,372 | 621,081 | |||
| Creditors: amounts falling due within one year | 5 | (
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| 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 | (
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| Net assets |
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| Reserves | ||||
| Revaluation reserve |
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| Other reserves |
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| Profit and loss account |
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| Total reserves |
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Directors' responsibilities:
The financial statements of Thetford Golf Club Limited (registered number:
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David John Buller
Director |
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.
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 £.
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 is 9 months.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
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.
| Land and buildings |
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| Fixtures and fittings |
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| Tools and equipment |
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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.
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.
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.
| Period from 01.04.2024 to 31.12.2024 |
Year ended 31.03.2024 |
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the period, including directors |
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| Land and buildings | Fixtures and fittings | Tools and equipment | Total | ||||
| £ | £ | £ | £ | ||||
| Cost | |||||||
| At 01 April 2024 |
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| Additions |
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| Disposals |
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| At 31 December 2024 |
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| Accumulated depreciation | |||||||
| At 01 April 2024 |
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| Charge for the financial period |
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| Disposals |
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| At 31 December 2024 |
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| 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 |
| 31.12.2024 | 31.03.2024 | ||
| £ | £ | ||
| Trade debtors |
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| Prepayments |
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| Other debtors |
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| 31.12.2024 | 31.03.2024 | ||
| £ | £ | ||
| Trade creditors |
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| Taxation and social security |
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| Obligations under finance leases and hire purchase contracts |
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| Other creditors |
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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.
| 31.12.2024 | 31.03.2024 | ||
| £ | £ | ||
| Other creditors |
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annual instalments over five years concluding on 31 March 2027. Interest is payable annually at 3% per annum.
Commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
| 31.12.2024 | 31.03.2024 | ||
| £ | £ | ||
| within one year |
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| between one and five years |
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