REGISTERED NUMBER: 00161676 (England and Wales)

THE HARROGATE GOLF CLUB LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I Bexon

Mr M Harding

Mr W F Culver-Dodds

Mr M E Dawson

Mr M E Harrison

Mr I M Holmes

Mr R M Mackenzie

SECRETARY:

Mrs J V McBratney

REGISTERED OFFICE:

Forest Lane Head

Harrogate

HG2 7TF

REGISTERED NUMBER:

00161676 (England and Wales)

ACCOUNTANTS:

DSC

Chartered Accountants

Tattersall House

East Parade

Harrogate

North Yorkshire

HG1 5LT

FIXED ASSETS

Tangible assets

4

764,290

450,913

CURRENT ASSETS

Stocks

18,260

16,902

Debtors

5

1,246

6,550

Cash at bank and in hand

262,062

422,589

281,568

446,041

CREDITORS

Amounts falling due within one year

6

250,127

212,938

NET CURRENT ASSETS

31,441

233,103

TOTAL ASSETS LESS CURRENT LIABILITIES

795,731

684,016

CREDITORS

Amounts falling due after more than one year

7

65,895

-

NET ASSETS

729,836

684,016

RESERVES

Retained earnings

729,836

684,016

MEMBERS' FUNDS

729,836

684,016

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 profit or loss 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 27 February 2025 and were signed on its behalf by:

Mr I Bexon - Director

Mr W F Culver-Dodds - Director

1.	STATUTORY INFORMATION

The Harrogate Golf Club Ltd 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

Income 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 other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Freehold land

Nil

Freehold buildings

1% to 10% straight line

House furniture and fittings

8% to 20% straight line

Plant, tools & utensils

10% to 20% straight line

Automatic irrigation system

5% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from banks and other third parties.

Financial assets and liabilities are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account as appropriate.

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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. All other leases are classified as operating leases.

Operating leases are recognised as an expense on a straight line basis over the lease term.

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the revenue account in the year they are payable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 18 ) .

4.	TANGIBLE FIXED ASSETS

House

furniture

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2024

329,045

730,796

355,757

1,415,598

Additions

280,179

109,648

17,930

407,757

Disposals

-

(31,519

)

(1,709

)

(33,228

)

Reclassification/transfer

5,138

(5,138

)

-

-

At 31 December 2024

614,362

803,787

371,978

1,790,127

DEPRECIATION

At 1 January 2024

114,623

575,395

274,667

964,685

Charge for year

19,989

54,004

20,524

94,517

Eliminated on disposal

-

(33,344

)

(21

)

(33,365

)

At 31 December 2024

134,612

596,055

295,170

1,025,837

NET BOOK VALUE

At 31 December 2024

479,750

207,732

76,808

764,290

At 31 December 2023

214,422

155,401

81,090

450,913

The net book value of tangible fixed assets includes £ 87,279 in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,246

1,328

Prepayments and accrued income

-

5,222

1,246

6,550

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

19,600

-

Payments received on account

95,286

92,362

Trade creditors

22,705

40,217

Tax

6,104

-

Social security and other taxes

20,362

10,904

Other creditors

1,332

1,518

Accruals and deferred income

84,738

67,937

250,127

212,938

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

65,895

-

8.	CAPITAL COMMITMENTS

2024

2023

£

£

Contracted but not provided for in the

financial statements

-

190,000

9.	SHARE CAPITAL

The company is limited by guarantee and has no issued share capital.

10.	GROSS PROFIT ON BAR AND CATERING

2024

2023

£

£

Bar sales

143,069

130,403

Catering sales

185,044

175,633

Cost of bar sales

(60,649

)

(58,803

)

Cost of catering sales

(81,527

)

(74,647

)

185,937

172,586

(56.7%

)

(56.4%

)