Delamere Forest Golf Club Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00110674 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

DELAMERE FOREST GOLF CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R D C Currie

J S Hesketh

M E Proctor

J N Lightfoot

M Patterson

W M Cousins

S L Evans

M R Stewart

P J Hemsted

M Norbury

SECRETARY:

A Moule

REGISTERED OFFICE:

The Club House, Station Road

Delamere

Nr Northwich

Cheshire

CW8 2JE

REGISTERED NUMBER:

00110674 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

10 Nicholas Street

Chester

CH1 2NX

BANKERS:

Natwest Bank plc

36 High Street

Stevenson Way

Nantwich

CH5 5GA

FIXED ASSETS

Tangible assets

4

1,799,519

1,699,222

CURRENT ASSETS

Stocks

5

10,341

10,650

Debtors

6

17,254

12,952

Cash at bank and in hand

300,226

323,647

327,821

347,249

CREDITORS

Amounts falling due within one year

7

131,801

134,661

NET CURRENT ASSETS

196,020

212,588

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,995,539

1,911,810

RESERVES

Other reserves

1,117,646

1,083,125

Income and expenditure account

877,893

828,685

1,995,539

1,911,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 5th April 2025 and were signed on its behalf by:

M R Stewart - Director

P J Hemsted - Director

1.	STATUTORY INFORMATION

Delamere Forest 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.

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 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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Trophies are measured at valuation.

The directors have reviewed the freehold property and its depreciation from an impairment point of view and consider that, as the freehold property is worth more than its carrying value, it would not be appropriate to charge depreciation of £7,500 for the year. This divergence from FRS 102 has been made in order that the financial statements show a true and fair value.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Implement and tools 20% Straight line basis

Furniture and fittings 10% Straight line basis

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

COST

At 1st January 2024

1,550,413

847,326

2,397,739

Additions

-

171,916

Disposals

(202

)

-

(202

)

At 31st December 2024

1,550,211

1,019,242

2,569,453

DEPRECIATION

At 1st January 2024

153,470

545,047

698,517

Charge for year

-

71,417

At 31st December 2024

153,470

616,464

769,934

NET BOOK VALUE

At 31st December 2024

1,396,741

402,778

1,799,519

At 31st December 2023

1,396,943

302,279

1,699,222

5.

STOCKS

31.12.24

31.12.23

£

Finished goods

10,341

10,650

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

-

2,089

Prepayments

17,254

10,863

17,254

12,952

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

17,344

11,095

Social security and other taxes

12,019

14,375

VAT

1,093

230

Other creditors

47,694

38,935

Accruals and deferred income

53,651

70,026

131,801

134,661

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

Within one year

11,384

23,315

Between one and five years

2,614

13,998

37,313