Company registration number: 01039838
Unaudited financial statements
for the year ended 31 December 2024
for
Great Lever And Farnworth Golf Club Limited
(limited by guarantee)
Pages for filing with the Registrar
Company registration number: 01039838
Great Lever And Farnworth Golf Club Limited
(limited by guarantee)
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 666,514 676,418
666,514 676,418
Current assets
Stocks 6,711 5,029
Debtors 12,971 5,333
Cash at bank and in hand 19,074 8,962
38,756 19,324
Creditors: amounts falling due within one
year 		(76,574) (113,302)
Net current liabilities (37,818) (93,978)
Total assets less current liabilities 628,696 582,440
Creditors: Amounts falling due after more
than one year 		(73,828) (21,907)
NET ASSETS 554,868 560,533
Reserves
Revaluation reserve 405,196 417,113
Other reserves 11,712 11,712
Income and expenditure account 137,960 131,708
TOTAL RESERVES 554,868 560,533
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 01039838
Great Lever And Farnworth Golf Club Limited
(limited by guarantee)
Balance sheet - continued
as at 31 December 2024
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 Income and expenditure account has not been delivered to the Registrar.
Signed by:
P Wright, Director
29 September 2025
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Great Lever And Farnworth Golf Club Limited
(limited by guarantee)
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Great Lever And Farnworth Golf Club Limited is a private company registered in England and Wales. Its registered number is 01039838. The company is limited by guarantee. Its registered office is Great Lever & Farnworth Golf Club Ltd, Plodder Lane, Bolton, Lancashire, BL4 0LQ.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Land and buildings:
Leasehold Club house - Straight Line over 50 years
Plant and machinery:
Plant and machinery - 25% reducing balance
Fixtures & fittings - 15% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Great Lever And Farnworth Golf Club Limited
(limited by guarantee)
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Income and expenditure account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to income and expenditure in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 6 (2023 - 8).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery 		Totals
£ £ £
Cost
At 1 January 2024 1,211,331 471,982 1,683,313
Additions - 18,480 18,480
At 31 December 2024 1,211,331 490,462 1,701,793
Depreciation
At 1 January 2024 552,218 454,677 1,006,895
Charge for year 23,460 4,924 28,384
At 31 December 2024 575,678 459,601 1,035,279
Net book value
At 31 December 2024 635,653 30,861 666,514
At 31 December 2023 659,113 17,305 676,418
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Great Lever And Farnworth Golf Club Limited
(limited by guarantee)
Notes to the financial statements - continued
for the year ended 31 December 2024
4 Tangible fixed assets - continued
If Leasehold club house had not been revalued, it would have been included at the following historical cost:
2024 2023
£ £
Cost 401,145 401,145
Accumulated depreciation 209,967 201,944
The leasehold club house was valued in August 2009 by Greenhalgh & Co, Chartered Surveyors
5 Financial instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and
Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes
party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented 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.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities - Financial liabilities and equity instruments are classified according
to the substance of the contractual arrangements entered into. An equity instrument is any contract that
evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors and bank loans, are classified as debt, are initially
recognised at transaction price unless the arrangement constitutes a financing transaction, where the
debt instrument is measured at the present value of the future receipts discounted at a market rate of
interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Amounts payable are classified as current liabilities if payment is due
within one year or less. If not, they are presented as non-current liabilities. Trade creditors are
recognised initially at transaction price and subsequently measured at amortised cost using the effective
interest method.
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Great Lever And Farnworth Golf Club Limited
(limited by guarantee)
Notes to the financial statements - continued
for the year ended 31 December 2024
6 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023.
2024 2023
£ £
Paul Stephen Wright
Amounts advanced 3,983 -
Amounts repaid (13,451) -
Balance outstanding at end of year (9,468) -
7 Related party transactions
During the year, the director purchased goods amounting to £13451 on behalf of the company. At the year end the balance was £9469.
8 Capital commitments
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of
ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the
balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor
to the company, the lease is treated as an operating lease. Rentals payable under operating leases are
charged to the profit and loss account on a straight-line basis over the period of the lease.
9 Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is
limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company
on winding up such amounts as may be required not exceeding £5.
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