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Registration number: 08838960

Cradoc Golf Club Limited (A company limited by guarantee)
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

Cradoc Golf Club Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

Cradoc Golf Club Limited

Company Information

Directors | Mr N J Morrell Mr J B Jones Dr D Davies Mr M Gardner Mr R Cleeves Mr C Reeve Mr G J Jenkins

Registered office | Bishop House 10 Wheat Street Brecon Powys LD3 7DG

Bankers | HSBC Bank Merthyr Tydfil 127 - 128 High Street Merthyr Tydfil Mid Glamorgan CF47 8DN

Accountants | W J James & Co Chartered AccountantsBishop House 10 Wheat Street Brecon Powys LD3 7DG

Cradoc Golf Club Limited

(Registration number: 08838960)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 636,372 | 653,844
Investments | 5 | 1 | 1
|  | 636,373 | 653,845
Current assets |  |  |
Stocks |  | 3,660 | 3,702
Debtors | 6 | 18,361 | 13,293
Cash at bank and in hand |  | 62,285 | 85,857
|  | 84,306 | 102,852
Creditors: Amounts falling due within one year | 7 | (146,197) | (113,710)
Net current liabilities |  | (61,891) | (10,858)
Total assets less current liabilities |  | 574,482 | 642,987
Creditors: Amounts falling due after more than one year | 7 | (106,745) | (116,014)
Net assets |  | 467,737 | 526,973
Reserves |  |  |
Retained earnings |  | 467,737 | 526,973
Surplus |  | 467,737 | 526,973

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:

......................................... Mr N J Morrell Director

Cradoc Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG
Wales

The principal place of business is:
Penoyre Park
Cradoc
Brecon
Powys
LD3 9LP
Wales

These financial statements were authorised for issue by the Board on 30 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.

Group accounts not prepared

The company and its wholly owned subsidiary, Cradoc Golf Club Trading Ltd, are both subject to the small companies regime. These financial statements contain information about Cradoc Golf Club Ltd as an individual company and do not contain consolidated information as the parent of a group. The company has taken advantage of the exemption under Section 399 of the Companies Act 2006 not to prepare consolidated financial statenments..

Cradoc Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable from the members of Cradoc Golf Club for the provision of golfing facilities in the ordinary course of the company's activities. Turnover is shown net of Value Added Tax where this applies.
The company recognises revenue when:
(a) The amount of revenue can be reliably measured;
(b) it is probable that future economic benefits will flow to the entity; and
(c) specific criteria have been met for each of the company's activities.

Tax

The company is a registered Community Amateur Sports Club. As all the income generated by the company is from members, apart from rental income which is below the relevant threshold of £100,000, it qualifies for full relief from Corporation Tax.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold land | No depreciation charged
Freehold buildings | 2% pa and 4% pa straight line
Range fencing | 4% pa straight line
Plant and machinery | 10% pa and 20% pa straight line
Fixtures and fittings | 10% pa and 20% pa straight line
Bar and catering equipment | 10% pa and 20% pa straight line
Office equipment | 10% pa and 20% pa straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are not publicly traded are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Cradoc Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade debtors

Trade debtors are amounts due from members and other parties for facilities provided in the ordinary course of business. Trade debtors atre recognised at the transaction price.

Stocks

Stocks of consumables are stated at cost price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2024 - 14).

Cradoc Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4 | Tangible assets

| Land and buildings £ | Range fencing £ | Fixtures and fittings £ | Plant and machinery £
Cost or valuation
At 1 February 2024 | 544,043 | 10,956 | 138,894 | 440,497
Additions | - | - | 96 | 44,775
Disposals | - | - | (932) | (28,645)
At 31 January 2025 | 544,043 | 10,956 | 138,058 | 456,627
Depreciation
At 1 February 2024 | 89,709 | 10,589 | 115,011 | 282,343
Charge for the year | 5,708 | 335 | 3,630 | 41,346
Eliminated on disposal | - | - | (932) | (14,070)
At 31 January 2025 | 95,417 | 10,924 | 117,709 | 309,619
Carrying amount
At 31 January 2025 | 448,626 | 32 | 20,349 | 147,008
At 31 January 2024 | 454,334 | 367 | 23,883 | 158,154

| Office equipment £ | Bar and catering equipment £ | Total £
Cost or valuation
At 1 February 2024 | 16,004 | 33,896 | 1,184,290
Additions | 5,454 | 1,162 | 51,487
Disposals | (407) | (2,735) | (32,719)
At 31 January 2025 | 21,051 | 32,323 | 1,203,058
Depreciation
At 1 February 2024 | 12,741 | 20,053 | 530,446
Charge for the year | 1,643 | 1,721 | 54,383
Eliminated on disposal | (406) | (2,735) | (18,143)
At 31 January 2025 | 13,978 | 19,039 | 566,686
Carrying amount
At 31 January 2025 | 7,073 | 13,284 | 636,372
At 31 January 2024 | 3,263 | 13,843 | 653,844

Included within the net book value of land and buildings above is £448,625 (2024 - £454,334) in respect of freehold land and buildings.

Cradoc Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 1 | 1

Subsidiaries | £
Cost or valuation
At 1 February 2024 | 1
Provision
Carrying amount
At 31 January 2025 | 1
At 31 January 2024 | 1

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Cradoc Golf Club Trading Limited | Penoyre Park, Cradoc, Brecon, Powys, LD3 9LP England and Wales | Ordinary | 100% | 100%

Subsidiary undertakings
Cradoc Golf Club Trading Limited The principal activity of Cradoc Golf Club Trading Limited is acting as the trading subsidiary of Cradoc Golf Club Limited..

Cradoc Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 149 | 2,723
Amounts owed by related parties |  | 11,029 | 3,854
Prepayments |  | 3,059 | 4,816
Other debtors |  | 4,124 | 1,900
|  | 18,361 | 13,293

Cradoc Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 59,068 | 61,013
Trade creditors |  | 3,655 | 2,465
Taxation and social security |  | 6,294 | 3,528
Accruals and deferred income |  | 13,202 | 6,840
Other creditors |  | 63,978 | 39,864
|  | 146,197 | 113,710

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 106,745 | 116,014

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 3,531 | 13,951
Other borrowings | 103,214 | 102,063
| 106,745 | 116,014

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 10,425 | 10,165
Other borrowings | 48,643 | 50,848
| 59,068 | 61,013