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REGISTERED NUMBER: 12491775 (England and Wales)















Financial Statements For The Year Ended 30 November 2024

for

Ludlow Golf Club

Ludlow Golf Club (Registered number: 12491775)






Contents of the Financial Statements
For The Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Ludlow Golf Club

Company Information
For The Year Ended 30 November 2024







DIRECTORS: M A Brabazon
M A Rogers
Mrs S Nichols
M Weaver





SECRETARY: M Gardner





REGISTERED OFFICE: Bromfield
Ludlow
Shropshire
SY8 2BT





REGISTERED NUMBER: 12491775 (England and Wales)





ACCOUNTANTS: Howell Dunn & Co Limited
13 Stourdale Road
Cradley Heath
West Midlands
B64 7BG

Ludlow Golf Club (Registered number: 12491775)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 226,634 211,656

CURRENT ASSETS
Stocks 8,500 7,880
Debtors 5 44,220 14,446
Cash at bank and in hand 208,294 249,716
261,014 272,042
CREDITORS
Amounts falling due within one year 6 171,457 160,376
NET CURRENT ASSETS 89,557 111,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

316,191

323,322

CREDITORS
Amounts falling due after more than one
year

7

372,013

385,252
NET LIABILITIES (55,822 ) (61,930 )

RESERVES
Income and expenditure account (55,822 ) (61,930 )
(55,822 ) (61,930 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

Ludlow Golf Club (Registered number: 12491775)

Balance Sheet - continued
30 November 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 Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





M A Brabazon - Director


Ludlow Golf Club (Registered number: 12491775)

Notes to the Financial Statements
For The Year Ended 30 November 2024

1. STATUTORY INFORMATION

Ludlow Golf Club 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.

Turnover
Turnover consists of subscriptions received from members, green fees from visitors and income from catering and bar activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Solar panels - 5% on cost
Vehicles and equipment - 15% on reducing balance
Fixtures and fittings - 25% on cost
Office equipment - 30% on cost

The charge commences when the asset is brought into use.

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 is not payable in respect of mutual trading, being trading activities of the club with its members. Tax is payable on any non-mutual trading profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

The apportionment between the finance charge and the reduction of the outstanding liability uses the effective interest method.

Ludlow Golf Club (Registered number: 12491775)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of comprehensive income in other administrative expenses.

Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.

Impairment
Assets not valued at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the income statement when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plans are held separately from the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Vehicles Fixtures
Solar and and Office
panels equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 7,253 273,451 34,577 500 315,781
Additions - 53,079 - 1,318 54,397
Disposals - (10,000 ) - - (10,000 )
At 30 November 2024 7,253 316,530 34,577 1,818 360,178
DEPRECIATION
At 1 December 2023 1,691 80,913 21,046 475 104,125
Charge for year 544 26,622 6,783 157 34,106
Eliminated on disposal - (4,687 ) - - (4,687 )
At 30 November 2024 2,235 102,848 27,829 632 133,544
NET BOOK VALUE
At 30 November 2024 5,018 213,682 6,748 1,186 226,634
At 30 November 2023 5,562 192,538 13,531 25 211,656

Ludlow Golf Club (Registered number: 12491775)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Vehicles
and
equipment
£   
COST
At 1 December 2023
and 30 November 2024 47,370
DEPRECIATION
At 1 December 2023 7,105
Charge for year 6,040
At 30 November 2024 13,145
NET BOOK VALUE
At 30 November 2024 34,225
At 30 November 2023 40,265

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 44,220 14,446

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 14,185 20,031
Trade creditors 20,488 15,984
Taxation and social security 4,819 2,880
Other creditors 131,965 121,481
171,457 160,376

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 13,239
Other creditors 372,013 372,013
372,013 385,252

Ludlow Golf Club (Registered number: 12491775)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 14,185 33,270

Hire purchase contracts are secured on the asset to which the contract relates.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ludlow Golf Club

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ludlow Golf Club for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Ludlow Golf Club, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ludlow Golf Club and state those matters that we have agreed to state to the Board of Directors of Ludlow Golf Club, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ludlow Golf Club has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ludlow Golf Club. You consider that Ludlow Golf Club is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ludlow Golf Club. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Howell Dunn & Co Limited
13 Stourdale Road
Cradley Heath
West Midlands
B64 7BG


21 January 2025