REGISTERED NUMBER: 00141008 (England and Wales)

Cirencester Golf Club Limited

Financial Statements

for the Year Ended 31st December 2024

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,676,839

1,533,664

CURRENT ASSETS

Stocks

70,659

67,218

Debtors

5

28,494

23,088

Cash at bank

341,661

388,853

440,814

479,159

CREDITORS

Amounts falling due within one year

6

337,287

342,505

NET CURRENT ASSETS

103,527

136,654

TOTAL ASSETS LESS CURRENT LIABILITIES

1,780,366

1,670,318

CREDITORS

Amounts falling due after more than one year

7

573,392

544,816

NET ASSETS

1,206,974

1,125,502

CAPITAL AND RESERVES

Called up share capital

2,500

2,500

Retained earnings

1,204,474

1,123,002

SHAREHOLDERS' FUNDS

1,206,974

1,125,502

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 2nd July 2025 and were signed on its behalf by:

I R Perry - Director

M R Woodhead - Director

1.	STATUTORY INFORMATION

Cirencester Golf Club Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00141008

Registered office:

Cheltenham Road

Bagendon

Cirencester

Gloucestershire

GL7 7BH

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

Turnover represents the amounts received for Club membership and for the use of the amenities of the Club and is stated net of Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

4% on cost and 2% on cost

Plant and machinery

-

10% on cost and 25% reducing balance

Fixtures and fittings

-

25% on reducing balance

No depreciation is provided on the £285,879 cost of land included in Land, Buildings and Improvements, nor is it provided on the cost of developing three new holes and the practice green amounting to £161,215 as it is the Company's policy to maintain these in their original condition.

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

Tangible fixed assets used by the Company, which have been funded through hire purchase contracts or finance leases, are capitalised in the balance sheet and the resulting hire purchase and lease obligations are included in creditors. Rentals payable under operating leases are charged to the profit and loss account as incurred.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1st January 2024

1,184,855

1,088,341

343,753

2,616,949

Additions

24,273

153,946

86,859

265,078

Disposals

-

(13,054

)

(19,323

)

(32,377

)

At 31st December 2024

1,209,128

1,229,233

411,289

2,849,650

DEPRECIATION

At 1st January 2024

233,808

569,389

280,088

1,083,285

Charge for year

17,166

80,344

18,155

115,665

Eliminated on disposal

-

(6,977

)

(19,162

)

(26,139

)

At 31st December 2024

250,974

642,756

279,081

1,172,811

NET BOOK VALUE

At 31st December 2024

958,154

586,477

132,208

1,676,839

At 31st December 2023

951,047

518,952

63,665

1,533,664

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1st January 2024

238,669

Additions

103,321

Transfer to ownership

(60,439

)

At 31st December 2024

281,551

DEPRECIATION

At 1st January 2024

140,528

Charge for year

43,803

Transfer to ownership

(45,219

)

At 31st December 2024

139,112

NET BOOK VALUE

At 31st December 2024

142,439

At 31st December 2023

98,141

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

28,494

23,088

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

17,799

17,551

Hire purchase contracts

35,100

28,491

Trade creditors

18,522

41,813

Taxation and social security

12,017

14,246

Other creditors

253,849

240,404

337,287

342,505

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

442,223

458,906

Hire purchase contracts

131,169

85,910

573,392

544,816

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

361,133

379,147

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

460,022

476,457