REGISTERED NUMBER: 00211776 (England and Wales)

THE SAND MOOR GOLF CLUB LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

6

FIXED ASSETS

Tangible assets

4

1,429,554

1,324,265

CURRENT ASSETS

Stocks

10,985

12,641

Debtors

5

7,184

19,598

Cash at bank and in hand

505,501

511,364

523,670

543,603

CREDITORS

Amounts falling due within one year

6

472,828

448,442

NET CURRENT ASSETS

50,842

95,161

TOTAL ASSETS LESS CURRENT LIABILITIES

1,480,396

1,419,426

CREDITORS

Amounts falling due after more than one year

7

(41,742

)

-

PROVISIONS FOR LIABILITIES

(11,468

)

(14,885

)

NET ASSETS

1,427,186

1,404,541

CAPITAL AND RESERVES

Called up share capital

168

168

Retained earnings

1,427,018

1,404,373

SHAREHOLDERS' FUNDS

1,427,186

1,404,541

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th March 2025 and were signed on its behalf by:

G C P Gratton - Director

K M Roper - Director

N A Stallworthy - Director

1.	STATUTORY INFORMATION

The Sand Moor 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:

00211776

Registered office:

Alwoodley Lane

Leeds

LS17 7DJ

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income represents the amount derived from membership subscription fees receivable and the provisions of goods and services falling within the company's activities after deduction of Value Added Tax.

Depreciation

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold property:

Course buildings

4% straight line

Practice ground

1% straight line

Land & buildings

Nil

Plant and machinery

20% straight line

Fixtures and fittings:

Office furniture

10% straight line

Computer equipment

50% straight line

Refurbishments

10% straight line

Motor vehicles

25% straight line

Course alterations

10% straight line

The land and buildings, comprising the golf course and club house are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the directors have concluded that the corresponding depreciation would not be material and therefore should not be charged in the profit and loss account. The directors perform annual impairment reviews in accordance with the requirement of FRS102 Section 27 to ensure that the carrying value is no lower than the recoverable amount.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

The company only enters into transactions in 'basic' financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company's balance sheet when it becomes party to the contractual provisions of the instrument.

Basic assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Value added tax

The company is partially exempt for VAT purposes. The cost of additions to tangible assets includes the appropriate amount of irrecoverable input tax. The irrecoverable VAT relating to items of income and expenditure is included as an expense item within general expenses.

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 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. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st January 2024

1,110,602

892,589

1,002,037

Additions

1,992

2,103

63,022

Disposals

-

(10,411

)

-

At 31st December 2024

1,112,594

884,281

1,065,059

DEPRECIATION

At 1st January 2024

173,935

792,699

884,091

Charge for year

11,748

46,106

35,796

Eliminated on disposal

-

(10,411

)

-

At 31st December 2024

185,683

828,394

919,887

NET BOOK VALUE

At 31st December 2024

926,911

55,887

145,172

At 31st December 2023

936,667

99,890

117,946

Motor

Course

vehicles

Alterations

Totals

£

£

£

COST

At 1st January 2024

140,398

436,731

3,582,357

Additions

81,086

119,625

267,828

Disposals

(35,426

)

-

(45,837

)

At 31st December 2024

186,058

556,356

3,804,348

DEPRECIATION

At 1st January 2024

79,124

328,243

2,258,092

Charge for year

27,428

28,915

149,993

Eliminated on disposal

(22,880

)

-

(33,291

)

At 31st December 2024

83,672

357,158

2,374,794

NET BOOK VALUE

At 31st December 2024

102,386

199,198

1,429,554

At 31st December 2023

61,274

108,488

1,324,265

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

7,184

19,598

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

9,362

-

Trade creditors

36,363

41,335

Taxation and social security

22,307

22,257

Other creditors

404,796

384,850

472,828

448,442

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

41,742

-

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

9,362

-

Between one and five years

41,742

-

51,104

-

Non-cancellable

operating leases

2024

2023

£

£

Within one year

560

560

Between one and five years

3,219

3,779

3,779

4,339

Hire purchase balances are secured on the assets to which they relate.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stuart Adam FCA (Senior Statutory Auditor)

for and on behalf of Thomas Coombs Limited

10.	CAPITAL COMMITMENTS

2024

2023

£

£

Contracted but not provided for in the

financial statements

65,000

65,000