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Registration number: 01485528

Ashbourne Golf Club Limited(The)
trading as Ashbourne Golf Club
(A company limited by guarantee)
Unaudited Filleted Financial Statements
for the Year Ended 28 February 2025

Ashbourne Golf Club Limited(The)
trading as Ashbourne Golf Club

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Ashbourne Golf Club Limited(The)
trading as Ashbourne Golf Club

Company Information

Directors | Mr M G Shinner Mr G Allan Mr R C Redfern Mr S G Hall Mr A D Evans

Company secretary | Mr M G Shinner

Registered office | Clubhouse Wyaston Road Ashbourne Derbyshire DE6 1NB

Accountants | Coates and Partners Limited The Old Vicarage 51 St John Street Ashbourne Derbyshire DE6 1GP

Ashbourne Golf Club Limited(The)
trading as Ashbourne Golf Club

(Registration number: 01485528)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,423,753 | 1,347,413
Current assets |  |  |
Stocks |  | 23,850 | 20,251
Debtors | 5 | 18,409 | 1,688
Cash at bank and in hand |  | 164,061 | 77,339
|  | 206,320 | 99,278
Creditors: Amounts falling due within one year | 6 | (287,567) | (342,302)
Net current liabilities |  | (81,247) | (243,024)
Total assets less current liabilities |  | 1,342,506 | 1,104,389
Creditors: Amounts falling due after more than one year | 6 | (975,703) | (726,569)
Net assets |  | 366,803 | 377,820
Reserves |  |  |
Retained earnings |  | 366,803 | 377,820
Surplus |  | 366,803 | 377,820

For the financial year ending 28 February 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.

Ashbourne Golf Club Limited(The)
trading as Ashbourne Golf Club

(Registration number: 01485528)
Balance Sheet as at 28 February 2025 (continued)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the Board on 28 August 2025 and signed on its behalf by:

......................................... Mr G Allan Director |  |

Ashbourne Golf Club Limited(The)
trading as Ashbourne Golf Club

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1 | General information

The company is a company limited by guarantee incorporated in England and Wales registration number: 01485528.

The address of its registered office is:
Clubhouse
Wyaston Road
Ashbourne
Derbyshire
DE6 1NB

These financial statements were authorised for issue by the Board on 28 August 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 except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Ashbourne Golf Club Limited(The)
trading as Ashbourne Golf Club

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2 | Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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
Land | Not depreciated
Buildings and course developments | Straight line between 5 and 50 years
Plant and machinery | straight line between 5 and 10 years
Office equipment, fixtures and fittings | straight line between 5 and 10 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Ashbourne Golf Club Limited(The)
trading as Ashbourne Golf Club

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2 | Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 11).

Ashbourne Golf Club Limited(The)
trading as Ashbourne Golf Club

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Plant and machinery £ | Total £
Cost or valuation
At 1 March 2024 | 1,643,857 | 90,213 | 172,059 | 1,906,129
Additions | 4,464 | 3,985 | 132,295 | 140,744
Disposals | (500) | - | - | (500)
At 28 February 2025 | 1,647,821 | 94,198 | 304,354 | 2,046,373
Depreciation
At 1 March 2024 | 440,355 | 71,299 | 47,062 | 558,716
Charge for the year | 19,114 | 4,316 | 40,474 | 63,904
At 28 February 2025 | 459,469 | 75,615 | 87,536 | 622,620
Carrying amount
At 28 February 2025 | 1,188,352 | 18,583 | 216,818 | 1,423,753
At 29 February 2024 | 1,203,502 | 18,914 | 124,997 | 1,347,413

Included within the net book value of land and buildings above is £1,188,352 (2024 - £1,203,501) in respect of freehold land and buildings.

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 9,913 | 1,092
Other debtors | 8,158 | 596
Prepayments | 338 | -
| 18,409 | 1,688

Ashbourne Golf Club Limited(The)
trading as Ashbourne Golf Club

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 66,881 | 134,212
Trade creditors |  | 16,547 | 19,920
Taxation and social security |  | 4,956 | 4,934
Accruals and deferred income |  | 27,075 | 34,696
Other creditors |  | 172,108 | 148,540
|  | 287,567 | 342,302

Creditors include bank loans which are secured on the assets of the company and net obligations under finance lease and hire purchase contracts which are secured on the assets they relate to of £65,880 (2024 - £79,211).

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | 970,529 | 720,410
Deferred income |  | 5,174 | 6,159
|  | 975,703 | 726,569

Creditors include bank loans which are secured on the assets of the company and net obligations under finance lease and hire purchase contracts which are secured on the assets they relate to of £355,920 (2024 - £153,861).

Creditors include bank loans repayable by instalments of £123,675 (2024 - £Nil) due after more than five years.

Ashbourne Golf Club Limited(The)
trading as Ashbourne Golf Club

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 16,861 | 52,544
Hire purchase contracts and finance leases | 49,020 | 26,668
Other borrowings | 1,000 | 55,000
| 66,881 | 134,212

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 190,085 | 60,187
Hire purchase contracts and finance leases | 165,835 | 93,675
Other borrowings | 614,609 | 566,548
| 970,529 | 720,410