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REGISTERED NUMBER: 00579665 (England and Wales)

| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| SELSEY COUNTRY CLUB LIMITED |

SELSEY COUNTRY CLUB LIMITED (REGISTERED NUMBER: 00579665)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

SELSEY COUNTRY CLUB LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | Mr M J E Howard

| Mr R J H Pickett

| Mrs J Sargent

| Ms V L Doherty

| Ms E S Rogers

| SECRETARY: | Ms T C Gibbons

| REGISTERED OFFICE: | Golf Links Lane

| Selsey

| West Sussex

| PO20 9DR

| REGISTERED NUMBER: | 00579665 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Lee Clackett ACA FCCA

| AUDITORS: | Bromley Clackett Limited

| Statutory Auditors

| 76 Aldwick Road

| Bognor Regis

| West Sussex

| PO21 2PE

SELSEY COUNTRY CLUB LIMITED (REGISTERED NUMBER: 00579665)

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 394,691 |  | 425,333 |  |

CURRENT ASSETS

Stocks | 15,415 |  | 36,713 |  |

Debtors | 5 | 67,699 |  | 180,020 |  |

Cash at bank and in hand | 220,639 |  | 67,060 |  |

303,753 |  | 283,793 |  |

CREDITORS

Amounts falling due within one year | 6 | 303,298 |  | 425,430 |  |

NET CURRENT ASSETS/(LIABILITIES) | 455 |  | (141,637 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 395,146 |  | 283,696 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 5,000 |  | 15,000 |  |

NET ASSETS | 390,146 |  | 268,696 |  |

RESERVES

Income and expenditure account | 390,146 |  | 268,696 |  |

390,146 |  | 268,696 |  |

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 16 May 2025 and were signed on its behalf by:

Mrs J Sargent - Director

SELSEY COUNTRY CLUB LIMITED (REGISTERED NUMBER: 00579665)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Selsey Country 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

| Site fees

| Site fees represents income from the chalets each year. Income is recorded in the period to which it relates, net of VAT.

| Bar sales

| Bar sales represents income from the two bars on site. Income is recorded when the sale takes place, net of VAT.

| Membership income

| Membership income represents income from the golf members each year. Income is recorded in the period to which it relates, net of VAT..

| Utility charges and insurance reimbursed

| Utility charges reimbursed represents electricity, water charges and insurance that have been reimbursed on to the chalet owners. Utility income is calculated based on the number of units utilised per the chalet meter reading. Income is recorded at the end of the season (October) after the meter readings have been taken..

| Functions

| Functions represents bookings of the bar for parties, events and weddings. Refundable deposits are taken for functions which are not included in turnover until the function takes place. Non refundable tickets for events are included in turnover at the time of purchasing the ticket. Food/drink sales are recorded in turnover as the items are sold..

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 25% straight line, 5% straight line and 2% straight line

| Improvements to property | - | 5% straight line

| Plant and machinery | - | 25% straight line

| Fixtures and fittings | - | 25% straight line

| All fixed assets are initially recorded at 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.

SELSEY COUNTRY CLUB LIMITED (REGISTERED NUMBER: 00579665)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Operating lease agreements

| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 30 (2023 - 32 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| Freehold |  | to |  | Plant and |  | and |

| property |  | property |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2024 | 485,548 |  | 242,176 |  | 116,094 |  | 103,640 |  | 947,458 |  |

| Additions | - |  | - |  | 2,500 |  | 21,857 |  | 24,357 |  |

| Disposals | (17,810 | ) | (12,108 | ) | (20,367 | ) | (15,975 | ) | (66,260 | ) |

| At 31 December 2024 | 467,738 |  | 230,068 |  | 98,227 |  | 109,522 |  | 905,555 |  |

| DEPRECIATION

| At 1 January 2024 | 205,954 |  | 139,649 |  | 94,483 |  | 82,039 |  | 522,125 |  |

| Charge for year | 7,748 |  | 9,438 |  | 8,083 |  | 10,782 |  | 36,051 |  |

| Eliminated on disposal | (15,249 | ) | (5,434 | ) | (17,583 | ) | (9,046 | ) | (47,312 | ) |

| At 31 December 2024 | 198,453 |  | 143,653 |  | 84,983 |  | 83,775 |  | 510,864 |  |

| NET BOOK VALUE

| At 31 December 2024 | 269,285 |  | 86,415 |  | 13,244 |  | 25,747 |  | 394,691 |  |

| At 31 December 2023 | 279,594 |  | 102,527 |  | 21,611 |  | 21,601 |  | 425,333 |  |

SELSEY COUNTRY CLUB LIMITED (REGISTERED NUMBER: 00579665)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 49,541 |  | 56,717 |  |

| Other debtors | 18,158 |  | 123,303 |  |

67,699 |  | 180,020 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 10,000 |  | 10,000 |  |

| Trade creditors | 33,915 |  | 167,028 |  |

| Taxation and social security | 53,220 |  | 18,181 |  |

| Other creditors | 206,163 |  | 230,221 |  |

303,298 |  | 425,430 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans | 5,000 |  | 15,000 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Bank loans | 15,000 |  | 25,000 |  |

| The bank loan was received under the Bounce Back Loan Scheme (BBLS). The loan has a fixed interest rate of 2.5%. The loan is repayable in 60 monthly repayments. A guarantee has been provided by the UK Government.

| A bank facility is secured by way of a fixed charge over the assets of the company.

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

| The Report of the Auditors was unqualified.

| Lee Clackett ACA FCCA (Senior Statutory Auditor)

| for and on behalf of Bromley Clackett Limited