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REGISTERED NUMBER: 08595590 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Matlock Golf Club Limited

Matlock Golf Club Limited (Registered number: 08595590)






Contents of the Financial Statements
for the year ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Matlock Golf Club Limited

Company Information
for the year ended 28 February 2025







DIRECTORS: I Mckay
M T Moruzzi
N P Rogers
M J Wain
A Hollis
D C L Molyneux





REGISTERED OFFICE: Matlock Golf Club
Chesterfield Road
Matlock Moor
Matlock
Derbyshire
DE4 5LZ





REGISTERED NUMBER: 08595590 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Matlock Golf Club Limited (Registered number: 08595590)

Balance Sheet
28 February 2025

28/2/25 29/2/24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,185,605 1,966,317
Investments 5 469,572 705,632
2,655,177 2,671,949

CURRENT ASSETS
Stocks 62,118 56,087
Debtors 6 25,324 10,008
Cash at bank 477,885 388,391
565,327 454,486
CREDITORS
Amounts falling due within one year 7 1,791,787 1,683,999
NET CURRENT LIABILITIES (1,226,460 ) (1,229,513 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,428,717

1,442,436

CREDITORS
Amounts falling due after more than
one year

8

(19,176

)

(26,820

)

PROVISIONS FOR LIABILITIES (278,000 ) (278,000 )
NET ASSETS 1,131,541 1,137,616

RESERVES
Revaluation reserve 9 1,170,000 1,170,000
Fair value reserve 9 128,963 128,963
Income and expenditure account (167,422 ) (161,347 )
1,131,541 1,137,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Matlock Golf Club Limited (Registered number: 08595590)

Balance Sheet - continued
28 February 2025


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 30 June 2025 and were signed on its behalf by:




M J Wain - Director



N P Rogers - Director


Matlock Golf Club Limited (Registered number: 08595590)

Notes to the Financial Statements
for the year ended 28 February 2025

1. STATUTORY INFORMATION

Matlock 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 as modified by the revaluation of certain assets.

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

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

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

Matlock Golf Club Limited (Registered number: 08595590)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Matlock Golf Club Limited (Registered number: 08595590)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Investments
Investments are held at fair value with changes recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 March 2024 1,899,888 305,795 2,205,683
Additions 241,824 51,917 293,741
At 28 February 2025 2,141,712 357,712 2,499,424
DEPRECIATION
At 1 March 2024 85,202 154,164 239,366
Charge for year 30,186 44,267 74,453
At 28 February 2025 115,388 198,431 313,819
NET BOOK VALUE
At 28 February 2025 2,026,324 159,281 2,185,605
At 29 February 2024 1,814,686 151,631 1,966,317

Cost or valuation at 28 February 2025 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 1,448,000 - 1,448,000
Cost 693,712 357,712 1,051,424
2,141,712 357,712 2,499,424

If Freehold land and buildings had not been revalued they would have been included at the following historical cost:

28/2/25 29/2/24
£    £   
Cost 451,888 451,888
Aggregate depreciation 85,202 85,202

Value of land in freehold land and buildings 366,686 366,686

Freehold land and buildings were valued on an open market basis on 8 August 2023 by Smith Leisure Chartered Surveyors .

Matlock Golf Club Limited (Registered number: 08595590)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2024 705,632
Revaluations 39,248
Reclassification/transfer (275,308 )
At 28 February 2025 469,572
NET BOOK VALUE
At 28 February 2025 469,572
At 29 February 2024 705,632

Cost or valuation at 28 February 2025 is represented by:

Other
investments
£   
Valuation in 2025 469,572

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 29/2/24
£    £   
Other debtors 25,324 10,008

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 29/2/24
£    £   
Hire purchase contracts 31,704 27,061
Trade creditors 32,856 41,186
Amounts owed to group undertakings 1,189,069 1,189,069
Taxation and social security 39,565 10,138
Other creditors 498,593 416,545
1,791,787 1,683,999

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/25 29/2/24
£    £   
Hire purchase contracts 19,176 26,820

9. RESERVES
Fair
Revaluation value
reserve reserve Totals
£    £    £   
At 1 March 2024
and 28 February 2025 1,170,000 128,963 1,298,963