Company registration number 00079014 (England and Wales)
THE OLTON GOLF CLUB LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
THE OLTON GOLF CLUB LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 9
THE OLTON GOLF CLUB LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
420,802
423,114
Investments
5
-
0
312,507
420,802
735,621
Current assets
Stocks
14,983
10,779
Debtors
6
85,011
71,952
Investments
7
358,840
186,130
Cash at bank and in hand
463,437
293,008
922,271
561,869
Creditors: amounts falling due within one year
8
(684,044)
(620,357)
Net current assets/(liabilities)
238,227
(58,488)
Total assets less current liabilities
659,029
677,133
Creditors: amounts falling due after more than one year
9
(29,716)
(44,082)
Net assets
629,313
633,051
Reserves
Other reserves
74,470
78,706
Income and expenditure account
554,843
554,345
Total members' funds
629,313
633,051

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 August 2025 and are signed on its behalf by:
Mr Howard Cartland
Director
Company registration number 00079014 (England and Wales)
THE OLTON GOLF CLUB LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Develop ment Fund Contribution
VAT Refund and Interest Reserve
Income and expenditure
Total
£
£
£
£
Balance at 1 April 2023
56,920
26,022
521,068
604,010
Year ended 31 March 2024:
Surplus and total comprehensive income
-
-
33,277
33,277
Other movements
(3,132)
(1,104)
-
(4,236)
Balance at 31 March 2024
53,788
24,918
554,345
633,051
Year ended 31 March 2025:
Surplus and total comprehensive income
-
-
498
498
Other movements
(3,132)
(1,104)
-
(4,236)
Balance at 31 March 2025
50,656
23,814
554,843
629,313
THE OLTON GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

The Olton Golf Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Mirfield Road, Solihull, West Midlands, B91 1JH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

Sale of goods

The policies adopted for the recognition of turnover are as follows:

Turnover from the sale of goods (eg. beverages / snacks at the bar/ buggy rent & catering) is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the club and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Membership fees

Revenue recognition depends on the nature of the services provided. If the fee permits only membership, and all other services or products are paid for separately, or if there is a separate annual subscription, the fee is recognised as revenue when no significant uncertainty about its collectability exists. If the fee entitles the member to services or publications to be provided during the membership period, or to purchase goods or services at prices lower than those charged to non-members, it is recognised on a basis that reflects the timing, nature and value of the benefits provided.

Interest and dividends receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the club’s right to receive payment is established.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and clubhouse
2% Straight Line
Clubhouse Refurbishment and Other Property
10% Straight Line
Plant and equipment
20% Straight Line
Equipment Fixtures and fittings
10% Straight Line
THE OLTON GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.4
Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transactions costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their value can otherwise be measured reliably.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and net realisable value.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
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

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.

THE OLTON GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that 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 paymen ts 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. A m ounts 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.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

THE OLTON GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

In the course of preparing the financial statements no judgements or significant estimates have been made in the process of applying the company's accounting policies.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
33
30
4
Tangible fixed assets
Freehold land and clubhouse
Clubhouse Refurbishment and Other Property
Plant and equipment
Equipment Fixtures and fittings
Total
£
£
£
£
£
Cost
At 1 April 2024
189,757
721,609
657,700
152,084
1,721,150
Additions
-
0
-
0
95,039
2,053
97,092
Disposals
-
0
-
0
(40,341)
-
0
(40,341)
At 31 March 2025
189,757
721,609
712,398
154,137
1,777,901
Depreciation and impairment
At 1 April 2024
121,192
577,595
504,175
95,074
1,298,036
Depreciation charged in the year
10,433
7,780
63,836
17,355
99,404
Eliminated in respect of disposals
-
0
-
0
(40,341)
-
0
(40,341)
At 31 March 2025
131,625
585,375
527,670
112,429
1,357,099
Carrying amount
At 31 March 2025
58,132
136,234
184,728
41,708
420,802
At 31 March 2024
68,565
144,014
153,525
57,010
423,114
THE OLTON GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
-
0
312,507
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2024
312,507
Additions
12,781
At 31 March 2025
325,288
Impairment
At 1 April 2024
-
Disposals
325,288
At 31 March 2025
325,288
Carrying amount
At 31 March 2025
-
At 31 March 2024
312,507
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
18,234
Other debtors
78,482
38,495
Prepayments and accrued income
6,529
15,223
85,011
71,952
7
Current asset investments
2025
2024
£
£
Deposit account savings
358,840
186,130
THE OLTON GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
8
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
13,542
16,182
Trade creditors
30,713
36,613
Taxation and social security
14,076
18,878
Deferred income
395,480
342,718
Other creditors
147,361
131,282
Accruals and deferred income
82,872
74,684
684,044
620,357
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
29,716
44,082
10
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 £2.

11
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its surplus for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mr Richard Horton FCCA
Statutory Auditor:
Sumer Auditco Limited
Date of audit report:
28 August 2025
THE OLTON GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
12
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
3,695
51,216
13
Related party transactions

There were no related party transactions during the year.

14
Membership

At the 31 March 2025 the total number of members was 732 (31 March 2024: 717).

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