Minehead And West Somerset Golf Club Limited

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

Registered number: 14356979

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		447,946		429,770

			447,946		429,770
CURRENT ASSETS
Stocks	5	13,842		15,014
Debtors	6	20,591		17,027
Cash at bank and in hand		397,447		251,646

		431,880		283,687
Creditors: Amounts Falling Due Within One Year	7	(363,157 )		(234,916 )

NET CURRENT ASSETS (LIABILITIES)			68,723		48,771

TOTAL ASSETS LESS CURRENT LIABILITIES			516,669		478,541

Creditors: Amounts Falling Due After More Than One Year	8		(46,258 )		(21,434 )

NET ASSETS			470,411		457,107

RESERVES
Other reserves			454,469		454,469
Income and Expenditure Account			15,942		2,638

MEMBERS' FUNDS			470,411		457,107

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Minehead And West Somerset Golf Club Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 Christopher EMBLING

Director

10 July 2025

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

1. General Information

Minehead And West Somerset Golf Club Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 14356979 . The registered office is The Warren, Warren Road, Minehead, Somerset, TA24 5SJ.

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	No Depreciation
Plant & Machinery	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	15% reducing balance

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.

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: 17 (2024: 15)

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Minehead And West Somerset Golf Club Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	316,132	115,848	22,473	5,220	459,673
Additions	-	57,090	1,650	-	58,740
Disposals	-	(361 )	(1,385 )	(546 )	(2,292 )

As at 31 March 2025	316,132	172,577	22,738	4,674	516,121

Depreciation
As at 1 April 2024	-	26,914	2,206	783	29,903
Provided during the period	-	34,765	3,085	603	38,453
Disposals	-	(73 )	(33 )	(75 )	(181 )

As at 31 March 2025	-	61,606	5,258	1,311	68,175

Net Book Value
As at 31 March 2025	316,132	110,971	17,480	3,363	447,946

As at 1 April 2024	316,132	88,934	20,267	4,437	429,770

5. Stocks

	2025	2024
	£	£
Stock - Bar & Kitchen Stock	8,631	15,014
Stock - Fertilizers	5,053	-
Stock - Clubhouse Gas	158	-

	13,842	15,014

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,544	1,301
Other debtors	17,047	15,726

	20,591	17,027

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	36,072	33,127
Bank loans and overdrafts	5,473	4,881
Other creditors	317,217	196,908
Taxation and social security	4,395	-

	363,157	234,916

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Minehead And West Somerset Golf Club Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	46,258	21,434

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	46,258	21,434

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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