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Registered number: 00593372
Dulwich & Sydenham Hill Golf Club Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 00593372
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,820 12,974
Tangible Assets 5 1,163,880 1,085,132
1,172,700 1,098,106
CURRENT ASSETS
Stocks 6 12,821 12,460
Debtors 7 66,707 51,129
Cash at bank and in hand 2,498,141 2,309,349
2,577,669 2,372,938
Creditors: Amounts Falling Due Within One Year 8 (824,539 ) (676,291 )
NET CURRENT ASSETS (LIABILITIES) 1,753,130 1,696,647
TOTAL ASSETS LESS CURRENT LIABILITIES 2,925,830 2,794,753
NET ASSETS 2,925,830 2,794,753
RESERVES
Clubhouse reserve 2,033,000 2,033,000
Income and Expenditure Account 892,830 761,753
MEMBERS' FUNDS 2,925,830 2,794,753
Page 1
Page 2
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
C L Rees
Director
20 September 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Clubhouse reserve Income and Expenditure Account Total
£ £ £
As at 1 January 2023 1,908,000 738,096 2,646,096
Profit for the year and total comprehensive income - 148,657 148,657
Transfer to clubhouse reserve 125,000 - 125,000
Transfer from income and expenditure account - (125,000) (125,000)
As at 31 December 2023 and 1 January 2024 2,033,000 761,753 2,794,753
Profit for the year and total comprehensive income - 131,077 131,077
As at 31 December 2024 2,033,000 892,830 2,925,830
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Dulwich & Sydenham Hill Golf Club Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 00593372 . The registered office is Grange Lane, College Road, London, SE21 7LH.
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 represents membership subscriptions, green fees and locker rents receivable, bar and catering activities, miscellaneous receipts and entrance fees (excluding value added tax).
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. 
Computer software is being amortised evenly over its estimated useful life of five years. 
2.4. 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:
Land & Buildings - 10 years
Course improvements - 10 years
Tractors and mowers - 7 years
Fixtures & Fittings - 5 years
2.5. 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.
2.6. 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.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 25)
25 25
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 20,768
As at 31 December 2024 20,768
Amortisation
As at 1 January 2024 7,794
Provided during the period 4,154
As at 31 December 2024 11,948
Net Book Value
As at 31 December 2024 8,820
As at 1 January 2024 12,974
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5. Tangible Assets
Land & Property
Land & Buildings Course improvements Tractors and mowers Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2024 1,094,353 1,528,122 983,678 576,350 4,182,503
Additions 95,523 9,695 178,185 29,971 313,374
Disposals - - (90,195 ) - (90,195 )
As at 31 December 2024 1,189,876 1,537,817 1,071,668 606,321 4,405,682
Depreciation
As at 1 January 2024 1,038,539 943,931 624,658 490,243 3,097,371
Provided during the period 22,254 94,534 98,715 19,123 234,626
Disposals - - (90,195 ) - (90,195 )
As at 31 December 2024 1,060,793 1,038,465 633,178 509,366 3,241,802
Net Book Value
As at 31 December 2024 129,083 499,352 438,490 96,955 1,163,880
As at 1 January 2024 55,814 584,191 359,020 86,107 1,085,132
6. Stocks
2024 2023
£ £
Stock 12,821 12,460
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,694 6,103
Other debtors 62,013 45,026
66,707 51,129
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 1,965
Trade creditors 70,927 85,489
Other creditors 717,463 544,181
Taxation and social security 36,149 44,656
824,539 676,291
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 1,965
10. Reserves
Clubhouse reserve
This represents funds set aside under historic arrangements for a potential clubhouse refurbishment.
Income and expenditure account
The reserve records retained earnings and accumulated losses.
11. 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.
12. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
13. Audit Information
The auditor's report on the accounts of Dulwich & Sydenham Hill Golf Club Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Graham Atkin FCA (Senior Statutory Auditor) for and on behalf of Crane & Partners , Statutory Auditor.
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