REGISTERED NUMBER: 01600170 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HINCKLEY GOLF CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Barry Ayre

Stephen White

Andrew Quinton Bestwick

REGISTERED OFFICE:

Leicester Road

Hinckley

Leicestershire

LE10 3DR

REGISTERED NUMBER:

01600170 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants

25 Station Road

Hinckley

Leicestershire

LE10 1AP

FIXED ASSETS

Tangible assets

4

1,467,683

1,306,820

CURRENT ASSETS

Debtors

5

55,383

47,589

Cash at bank and in hand

678,210

671,342

733,593

718,931

CREDITORS

Amounts falling due within one year

6

974,777

818,030

NET CURRENT LIABILITIES

(241,184

)

(99,099

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,226,499

1,207,721

CREDITORS

Amounts falling due after more than one year

7

7,341

40,270

NET ASSETS

1,219,158

1,167,451

CAPITAL AND RESERVES

Called up share capital

703,836

703,836

Share premium

72,663

72,663

Revaluation reserve

9

-

117,484

Retained earnings

442,659

273,468

SHAREHOLDERS' FUNDS

1,219,158

1,167,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2026 and were signed on its behalf by:

Andrew Quinton Bestwick - Director

1.	STATUTORY INFORMATION

Hinckley Golf Club Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

As the Club's subscription year does coincide with the accounting year there is an adjustment for subscriptions received in advance. The relevant portion of the subscriptions received in the current accounting year but relating to the following accounting year are carried forward.

Turnover

Turnover represents subscriptions, retail sales and course fees, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

useful life,

Improvements to property - 2% to 10% on cost Mowers and tractors - 25% on reducing balance

Fixtures and fittings - 10% to 20% on cost

No depreciation is provided on freehold land. The freehold property is not depreciated where the Directors are of the opinion that the buildings concerned are currently sufficiently well maintained to ensure that the residual values of such properties, which are appraised on the basis of prices prevailing at the times of acquisition or subsequent valuation, are not less than the carrying values and accordingly annual depreciation would not be material to the financial statements. Carrying values are reviewed for impairment annually.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Mowers

Fixtures

Freehold

to

and

and

property

property

tractors

fittings

Totals

£

£

£

£

£

COST

At 1 April 2024

1,088,944

351,831

300,517

440,910

2,182,202

Additions

-

-

230,840

16,094

246,934

Disposals

-

-

(58,958

)

(3,221

)

(62,179

)

At 31 March 2025

1,088,944

351,831

472,399

453,783

2,366,957

DEPRECIATION

At 1 April 2024

-

206,804

240,804

427,774

875,382

Charge for year

-

14,105

60,103

6,657

80,865

Eliminated on disposal

-

-

(53,752

)

(3,221

)

(56,973

)

At 31 March 2025

-

220,909

247,155

431,210

899,274

NET BOOK VALUE

At 31 March 2025

1,088,944

130,922

225,244

22,573

1,467,683

At 31 March 2024

1,088,944

145,027

59,713

13,136

1,306,820

Freehold property was revalued many years ago.

The value has been adopted as deemed cost of the assets concerned on transition to FRS102.

Fixed assets, included in the above, which are held under finance leases are as follows:

Mowers

and

tractors

£

COST

At 1 April 2024

and 31 March 2025

41,819

DEPRECIATION

At 1 April 2024

15,928

Charge for year

6,473

At 31 March 2025

22,401

NET BOOK VALUE

At 31 March 2025

19,418

At 31 March 2024

25,891

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,401

17,241

Prepayments and accrued income

43,982

30,348

55,383

47,589

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

24,813

67,622

Finance leases

6,293

6,293

Trade creditors

98,687

87,013

Corporation tax

4,378

4,104

Social security and other taxes

5,298

4,719

Accruals and deferred income

835,308

648,279

974,777

818,030

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-5 years

-

26,636

Finance leases

7,341

13,634

7,341

40,270

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

24,813

94,258

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

117,484

Transfer

(117,484

)

At 31 March 2025

-

The balance of the revaluation reserve has been transferred to the profit and loss reserve following a review of the nature and substance of the historic revaluation reserve balance.

10.	VALUE ADDED TAX

The Club has partial exemption status associated with its income and hence its recovery of input VAT on costs and purchases is not all reclaimable. The irrecoverable proportion is shown separately as a cost in the detailed Trading and Profit and Loss Account.