REGISTERED NUMBER: 14531011 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Silkstone Golf Club Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S R Bower

Mrs A J Frosdick

Mr M Beachill

Mr R B Cadwallader

Mr A C Frosdick

Mr N F Pickstock

Mrs E J Woodhams

Mr J M Day

Mr H W Swift

Mr S J Durkan

REGISTERED OFFICE:

Field Head

Elmhirst Lane

Silkstone

Barnsley

South Yorkshire

S75 4LD

REGISTERED NUMBER:

14531011 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Tangible assets

5

1,354,257

-

CURRENT ASSETS

Stocks

9,251

-

Debtors

6

7,042

-

Cash at bank and in hand

63,315

-

79,608

-

CREDITORS

Amounts falling due within one year

7

210,332

-

NET CURRENT LIABILITIES

(130,724

)

-

TOTAL ASSETS LESS CURRENT LIABILITIES

1,223,533

-

CREDITORS

Amounts falling due after more than one year

8

(274,744

)

-

PROVISIONS FOR LIABILITIES

(1,246

)

-

NET ASSETS

947,543

-

RESERVES

Members' capital contribution Reserve

948,995

-

Income and expenditure account

(1,452

)

-

947,543

-

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:

Mr S R Bower - Director

1.	STATUTORY INFORMATION

Silkstone 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 and functional currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates

The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover and subscription income

Turnover is recognised in the profit and loss account in the period to which it relates. Green fees are recognised as the course is played. Bar sales and other income are recognised at the point the goods or services are supplied.

Subscription income is recognised in the profit & loss account in the period to which it relates. At the balance sheet date, subscriptions received in advance for periods extending beyond the balance sheet date are recognised as a liability in the balance sheet.

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

-

Not provided

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

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 Profit and Loss Account, 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.

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.

Membership deposits

The balance sheet recognises as a liability membership deposits received which are refundable

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - NIL ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

1,325,027

36,411

1,361,438

Disposals

-

(1,839

)

(1,839

)

At 31 December 2024

1,325,027

34,572

1,359,599

DEPRECIATION

Charge for year

-

5,342

5,342

At 31 December 2024

-

5,342

5,342

NET BOOK VALUE

At 31 December 2024

1,325,027

29,230

1,354,257

Freehold property is not depreciated since in the opinion of the directors, its residual value is no lower than its opening book value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

7,042

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

7,685

-

Trade creditors

24,392

-

Taxation and social security

30,311

-

Other creditors

147,944

-

210,332

-

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

274,744

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

244,005

-

244,005

-

9.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

38,705

-

Between one and five years

61,853

-

100,558

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

282,429

-

The bank loan is secured by a fixed and floating charge over the land and buildings and other assets of the company. The interest rate on the loan is 2.87% over base rate with the loan repayments based on a 17 year term.