The Uttoxeter Golf Club Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03645176

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		743,388		802,343

			743,388		802,343
CURRENT ASSETS
Stocks	5	3,343		3,743
Debtors	6	1,416		3,276
Cash at bank and in hand		9,453		60,909

		14,212		67,928
Creditors: Amounts Falling Due Within One Year	7	(134,260 )		(111,599 )

NET CURRENT ASSETS (LIABILITIES)			(120,048 )		(43,671 )

TOTAL ASSETS LESS CURRENT LIABILITIES			623,340		758,672

Creditors: Amounts Falling Due After More Than One Year	8		(221,092 )		(238,965 )

NET ASSETS			402,248		519,707

Income and Expenditure Account			402,248		519,707

MEMBERS' FUNDS			402,248		519,707

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The Uttoxeter Golf Club Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr Graham Gill

Director

10 March 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

The Uttoxeter Golf Club Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 03645176 . The registered office is Wood Lane, Uttoxeter, Staffordshire, ST14 8JR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	4% on cost (Buildings only)
Plant & Machinery	20% on cost
Fixtures & Fittings	25% on cost

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income and expenditure account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income and expenditure account as incurred.

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The Uttoxeter Golf Club Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 6)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2024	960,839	410,630	42,344	1,413,813
Additions	-	1,365	2,500	3,865

As at 31 December 2024	960,839	411,995	44,844	1,417,678

Depreciation
As at 1 January 2024	323,741	250,312	37,417	611,470
Provided during the period	6,867	52,642	3,311	62,820

As at 31 December 2024	330,608	302,954	40,728	674,290

Net Book Value
As at 31 December 2024	630,231	109,041	4,116	743,388

As at 1 January 2024	637,098	160,318	4,927	802,343

5. Stocks

	2024	2023
	£	£
Bar stocks	3,343	3,743

6. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	1,416	300
Other debtors	-	2,976

	1,416	3,276

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The Uttoxeter Golf Club Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	10,097	10,097
Trade creditors	10,723	3,562
Bank loans and overdrafts	27,901	31,254
Other taxes and social security	5,786	1,753
VAT	4,180	3,478
Other creditors	69,797	54,676
Members bar card account	3,916	3,450
Accruals and deferred income	1,860	3,329

	134,260	111,599

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	47,120	57,217
Bank loans	63,972	91,748
Members' loans	110,000	90,000

	221,092	238,965

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	10,097	10,097
Later than one year and not later than five years	40,389	40,389
Later than five years	6,731	16,828

	57,217	67,314

	57,217	67,314

10. Company limited by guarantee

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

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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