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COMPANY REGISTRATION NUMBER: 10863246

Lymm Golf Club Ltd.

Company Limited by Guarantee

Filleted Unaudited Financial Statements

31 March 2025

Lymm Golf Club Ltd.

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2025

Contents | Pages

Statement of financial position | 1 to 2

Notes to the financial statements | 3 to 6

Lymm Golf Club Ltd.

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 6 | 787,908 | 611,021
Investments | 7 | 326 | 326
| --------- | ---------
| 788,234 | 611,347

Current assets

Stocks | 17,032 | 21,368
Debtors | 8 | 24,042 | 22,672
Cash at bank and in hand | 639,201 | 514,140
| --------- | ---------
| 680,275 | 558,180

Creditors: amounts falling due within one year | 9 | 732,163 | 639,525
| --------- | ---------
Net current liabilities | 51,888 | 81,345
| --------- | ---------
Total assets less current liabilities | 736,346 | 530,002

Creditors: amounts falling due after more than one year | 10 | 162,075 | 45,070
| --------- | ---------
Net assets | 574,271 | 484,932
| --------- | ---------

Capital and reserves

Revaluation reserve | 460,066 | 460,066
Profit and loss account | 114,205 | 24,866
| --------- | ---------
Members funds | 574,271 | 484,932
| --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Lymm Golf Club Ltd.

Company Limited by Guarantee

Statement of Financial Position (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 9 September 2025 , and are signed on behalf of the board by:

K J A J Alders
Director

Company registration number: 10863246

Lymm Golf Club Ltd.

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Lymm Golf Club, Whitbarrow Road, Lymm, Cheshire, WA13 9AN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Subscriptions received in advance
Members subscriptions are due on 1st April each year. These are amortised evenly throughout the year and the credit value of future subscriptions at any period end is carried forward and shown on the balance sheet under current liabilities.
Irrecoverable VAT
The company is partially exempt under HMRC's VAT rules and is unable to recover all of the VAT levied by suppliers. The cost of such is included within the expense item, and any irrecoverable VAT on capital expenditure is included in the cost of the asset and depreciated accordingly.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold and leasehold property | - | 2% - 5% Straight line or over period of lease
| Plant and machinery | - | 10% - 20% Straight line
| Fixtures and fittings | - | 4% - 33% Straight line

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in reserves.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and net realisable value.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Company limited by guarantee
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 22 (2024: 25 ).
6. Tangible assets

| Freehold and leasehold property | Plant and machinery | Fixtures and fittings | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 April 2024 | 915,507 | 718,402 | 178,802 | 1,812,711
Additions | – | 229,139 | 39,502 | 268,641
Disposals | – | ( 124,805) | – | ( 124,805)
| --------- | --------- | --------- | ------------
At 31 March 2025 | 915,507 | 822,736 | 218,304 | 1,956,547
| --------- | --------- | --------- | ------------
Depreciation |  |  |  |
At 1 April 2024 | 501,503 | 568,092 | 132,095 | 1,201,690
Charge for the year | 11,644 | 67,413 | 12,697 | 91,754
Disposals | – | ( 124,805) | – | ( 124,805)
| --------- | --------- | --------- | ------------
At 31 March 2025 | 513,147 | 510,700 | 144,792 | 1,168,639
| --------- | --------- | --------- | ------------
Carrying amount |  |  |  |
At 31 March 2025 | 402,360 | 312,036 | 73,512 | 787,908
| --------- | --------- | --------- | ------------
At 31 March 2024 | 414,004 | 150,310 | 46,707 | 611,021
| --------- | --------- | --------- | ------------

7. Investments

| Other investments other than loans
| £
Cost |
At 1 April 2024 and 31 March 2025 | 326
| ----
Impairment |
At 1 April 2024 and 31 March 2025 | –
| ----

Carrying amount |
At 31 March 2025 | 326
| ----
At 31 March 2024 | 326
| ----

8. Debtors

| 2025 | 2024
| £ | £
Other debtors | 24,042 | 22,672
| -------- | --------

9. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 7,648 | 22,215
Trade creditors | 52,603 | 19,795
Social security and other taxes | 40,241 | 6,525
Other creditors | 631,671 | 590,990
| --------- | ---------
| 732,163 | 639,525
| --------- | ---------

10. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 9,256
Other creditors | 162,075 | 35,814
| --------- | --------
| 162,075 | 45,070
| --------- | --------

The bank loan is interest bearing and is secured on the land at Lymm Golf Club.
11. Finance leases and hire purchase contracts
The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 54,613 | 22,368
Later than 1 year and not later than 5 years | 162,075 | 35,814
| --------- | --------
| 216,688 | 58,182
| --------- | --------

The finance leases and hire purchase contracts are secured over the assets concerned.
12. Other financial commitments
The company had outstanding commitments in respect of operating leases of £ 18,943 (2024:£8,644). At the year end the company had a capital commitment of £ 48,880 (2024:£nil).