CLWB GOLFF ABERYSTWYTH GOLF CLUB LIMITED


Directors	THOMAS, Emlyn James
	THOMAS, James Raymond
	WILLIAMS, Clive Ellis
	WILLIAMS, Gruffydd Ellis


Registered Address	Aberystwyth Golf Club
	Brynymor Road
	Aberystwyth
	SY23 2HY


Registered Number	07879099 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	5		1,096,021		1,065,603
			1,096,021		1,065,603
Current assets
Stocks	6	3,917		4,600
Debtors		15,948		-
Cash at bank and on hand		107,167		198,293
		127,032		202,893
Creditors amounts falling due within one year	7	(77,283)		(124,042)
Net current assets (liabilities)			49,749		78,851
Total assets less current liabilities			1,145,770		1,144,454
Creditors amounts falling due after one year	8		(273,588)		(297,254)
Provisions for liabilities	9		(96,087)		(90,616)
Net assets			776,095		756,584
Capital and reserves
Called up share capital			265,000		270,000
Profit and loss account			511,095		486,584
Shareholders' funds			776,095		756,584

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 May 2025, and are signed on its behalf by:

THOMAS, Emlyn James
Director
Registered Company No. 07879099

CLWB GOLFF ABERYSTWYTH GOLF CLUB LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	The company has adopted the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	20
	Fixtures and fittings	20
	Office Equipment	20

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		7

3.	Prior period adjustment
	As per FRS102 deferred tax is recognised on revaluation of company assets and accelerated capital allowances. Deferred tax had been omitted from previously reported financial positions in error. An adjustment has been made to previously reported figures to recognise the effect of deferred taxation. This has reduced previously reported reserves by £90,616 and reduced previously reported profit by £1,471.

Prior period adjustment

As per FRS102 deferred tax is recognised on revaluation of company assets and accelerated capital allowances. Deferred tax had been omitted from previously reported financial positions in error. An adjustment has been made to previously reported figures to recognise the effect of deferred taxation. This has reduced previously reported reserves by £90,616 and reduced previously reported profit by £1,471.

4.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 January 24	115,524	115,524
At 31 December 24	115,524	115,524
Amortisation and impairment
At 01 January 24	115,524	115,524
At 31 December 24	115,524	115,524
Net book value
At 31 December 24	-	-
At 31 December 23	-	-

5.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	1,050,001	72,355	9,070	299	1,131,725
Additions	-	35,100	-	-	35,100
At 31 December 24	1,050,001	107,455	9,070	299	1,166,825
Depreciation and impairment
At 01 January 24	-	56,948	8,998	176	66,122
Charge for year	-	4,643	15	24	4,682
At 31 December 24	-	61,591	9,013	200	70,804
Net book value
At 31 December 24	1,050,001	45,864	57	99	1,096,021
At 31 December 23	1,050,001	15,407	72	123	1,065,603

6.	Stocks

	2024	2023
	£	£
Other stocks	3,917	4,600
Total	3,917	4,600

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	4,264	-
Bank borrowings and overdrafts	23,423	72,358
Taxation and social security	866	1,748
Accrued liabilities and deferred income	48,730	49,936
Total	77,283	124,042

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	273,588	297,254
Total	273,588	297,254

9.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	96,087	90,616
Total	96,087	90,616