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Company Registration No. 00213727 (England and Wales)
Blackpool North Shore Golf Club.Limited(The) Unaudited accounts for the period from 29 February 2024 to 28 February 2025
Blackpool North Shore Golf Club.Limited(The) Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Blackpool North Shore Golf Club.Limited(The) Company Information for the period from 29 February 2024 to 28 February 2025
Directors
Mr D Collis Mrs M Dugdale Mr WJ Dugdale Mr H Harrison Mr BD Livesey Mrs L Marr Mr GW Shaw Mr K Smart Mr GM Travis
Company Number
00213727 (England and Wales)
Registered Office
Club House Devonshire Road Blackpool North Shore FY2 0RD
Accountants
Latham Costa Limited 6 Barnfield Blackstone Edge Old Road Littleborough OL15 0JL
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Blackpool North Shore Golf Club.Limited(The) for the period from 29 February 2024 to 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Blackpool North Shore Golf Club.Limited(The) for the period from 29 February 2024 to 28 February 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Latham Costa Limited Chartered Accountants 6 Barnfield Blackstone Edge Old Road Littleborough OL15 0JL 25 March 2025
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Blackpool North Shore Golf Club.Limited(The) Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,626,776
1,359,113
Current assets
Inventories
22,475
32,555
Debtors
5
18,581
9,762
Cash at bank and in hand
97,554
141,204
138,610
183,521
Creditors: amounts falling due within one year
6
(445,895)
(332,794)
Net current liabilities
(307,285)
(149,273)
Total assets less current liabilities
1,319,491
1,209,840
Creditors: amounts falling due after more than one year
7
(787,884)
(861,895)
Net assets
531,607
347,945
Reserves
8
Revaluation reserve
565,427
265,854
Profit and loss account
(33,820)
82,091
Members' funds
531,607
347,945
For the period ending 28 February 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by
Mr BD Livesey Director Company Registration No. 00213727
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Blackpool North Shore Golf Club.Limited(The) Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
1
Statutory information
Blackpool North Shore Golf Club.Limited(The) is a private company, limited by guarantee, registered in England and Wales, registration number 00213727. The registered office is Club House, Devonshire Road, Blackpool North Shore, FY2 0RD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of the Golf Course and Club House.
Presentation currency
The accounts are presented in £ sterling.
Income
Income comprises members' subscriptions and fees and receipts from the sale of goods and services supplied by the company, net of recoverable value added tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost or valuation less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: The depreciation charge on the Golf Course and Club House is reduced by an annual transfer from the revaluation reserve.
Land & buildings
Freehold land 0%.Long leasehold land and freehold buildings over 125 years from 1995,
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Stocks
Stocks have been 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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Blackpool North Shore Golf Club.Limited(The) Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At valuation
At cost
At cost
At 29 February 2024
1,689,813
330,372
50,676
2,070,861
Revaluations
305,571
-
-
305,571
At 28 February 2025
1,995,384
330,372
50,676
2,376,432
Depreciation
At 29 February 2024
375,384
296,678
39,686
711,748
Charge for the period
28,251
7,458
2,199
37,908
At 28 February 2025
403,635
304,136
41,885
749,656
Net book value
At 28 February 2025
1,591,749
26,236
8,791
1,626,776
At 28 February 2024
1,314,429
33,694
10,990
1,359,113
The freehold clubhouse and long leasehold golf course were revalued on 25th October 2024, by Fleurets Chartered Surveyors, on an open market existing use basis.
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
8,915
9,762
Other debtors
9,666
-
18,581
9,762
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
67,477
27,198
Trade creditors
61,448
64,645
Taxes and social security
17,409
15,010
Other creditors
22,218
22,165
Accruals
20,165
11,803
Deferred income
257,178
191,973
445,895
332,794
The bank loans (excluding a "bounce back" loan of £5,000 - 2024 £5,000) are secured by a first legal charge over freehold and leasehold deeds relating to the freehold and leasehold land and buildings. Included in other creditors is a figure of £19,235 (2024-£19,235) in respect of members voluntary loans (first issue). These loans are unsecured, interest free and repayable on demand.
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Blackpool North Shore Golf Club.Limited(The) Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
392,310
468,213
Other creditors
395,574
393,682
787,884
861,895
The bank loans (excluding a "bounce back" loan of £23,894 - 2024 £27,405) are secured by a first legal charge over freehold and leasehold deeds relating to the freehold and leasehold land and buildings. Included in other creditors are figures of £223,065 (2024-£192,744) in respect of members mandatory loans and £172,509 (2024-£220,173) in respect of members voluntary loans (second issue). The mandatory loans are unsecured, interest free and repayable only in the event of membership ceasing. The voluntary loans (second issue) are unsecured, interest free and repayable after one months notice at the year end.
8
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.
9
Average number of employees
During the period the average number of employees was 11 (2024: 15).
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