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REGISTERED NUMBER: 10684491 (England and Wales)















Financial Statements for the Year Ended 31st December 2024

for

Royal St Davids Golf Club Limited

Royal St Davids Golf Club Limited (Registered number: 10684491)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Royal St Davids Golf Club Limited

Company Information
for the Year Ended 31st December 2024







DIRECTORS: E W Lloyd
J G Billingham
D W A Vaughan
T Davies
R K Fisher
J A Howie
B P Wheatley
Mrs E B Calvert





SECRETARY:





REGISTERED OFFICE: Royal St Davids Golf Club
Harlech
Gwynedd
LL46 2UB





REGISTERED NUMBER: 10684491 (England and Wales)





AUDITORS: A.Hughes-Jones, Dyson & Co.
Statutory Auditor
Chartered Accountants
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

Royal St Davids Golf Club Limited (Registered number: 10684491)

Balance Sheet
31st December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,342,538 1,284,509

CURRENT ASSETS
Stocks 2,497 3,063
Debtors 5 186,232 205,387
Investments 6 1 1
Cash at bank and in hand 130,029 52,177
318,759 260,628
CREDITORS
Amounts falling due within one year 7 98,453 78,363
NET CURRENT ASSETS 220,306 182,265
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,562,844

1,466,774

CREDITORS
Amounts falling due after more than one
year

8

54,210

48,367
NET ASSETS 1,508,634 1,418,407

RESERVES
Income and expenditure account 1,508,634 1,418,407
1,508,634 1,418,407

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 7th April 2025 and were signed on its behalf by:




E W Lloyd - Director



J G Billingham - Director


Royal St Davids Golf Club Limited (Registered number: 10684491)

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

1. STATUTORY INFORMATION

Royal St Davids 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost, 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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.

Royal St Davids Golf Club Limited (Registered number: 10684491)

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

2. ACCOUNTING POLICIES - continued

Auditors
In common with many businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2024 570,075 1,145,407 1,715,482
Additions - 161,255 161,255
At 31st December 2024 570,075 1,306,662 1,876,737
DEPRECIATION
At 1st January 2024 30,210 400,763 430,973
Charge for year 3,055 100,171 103,226
At 31st December 2024 33,265 500,934 534,199
NET BOOK VALUE
At 31st December 2024 536,810 805,728 1,342,538
At 31st December 2023 539,865 744,644 1,284,509

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 186,232 205,387

6. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Shares in group undertakings 1 1

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,463 10,228
Hire purchase contracts (see note 9) 12,043 4,367
Trade creditors 38,593 29,817
Taxation and social security 19,854 16,617
Other creditors 17,500 17,334
98,453 78,363

Royal St Davids Golf Club Limited (Registered number: 10684491)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 5,290 15,664
Hire purchase contracts (see note 9) 24,120 4,003
Other creditors 24,800 28,700
54,210 48,367

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 12,043 4,367
Between one and five years 24,120 4,003
36,163 8,370

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

The Report of the Auditors was unqualified.

Brian Hughes (Senior Statutory Auditor)
for and on behalf of A.Hughes-Jones, Dyson & Co.