REGISTERED NUMBER: 00176204 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HORNSEA GOLF CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P A Bird

Mr K L Marshall

Mr D P Blanchard

Mr R Suddards

Mr R I Meggison

Mr N Cook

Mrs N Salzl

Mr M C Cadmore

REGISTERED OFFICE:

The Golf Club

Rolston Road

Hornsea

East Yorkshire

HU18 1XG

REGISTERED NUMBER:

00176204 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

264,418

232,619

CURRENT ASSETS

Stocks

28,575

29,928

Debtors

5

27,131

17,060

Cash at bank and in hand

314,690

321,679

370,396

368,667

CREDITORS

Amounts falling due within one year

6

243,149

195,385

NET CURRENT ASSETS

127,247

173,282

TOTAL ASSETS LESS CURRENT LIABILITIES

391,665

405,901

CREDITORS

Amounts falling due after more than one year

7

3,367

4,144

NET ASSETS

388,298

401,757

CAPITAL AND RESERVES

Called up share capital

2,722

2,522

Capital redemption reserve

8

10,764

10,764

Retained earnings

8

374,812

388,471

388,298

401,757

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 29 August 2025 and were signed on its behalf by:

Mr K L Marshall - Director

1.	STATUTORY INFORMATION

Hornsea Golf Club Limited is a private company, limited by shares, registered in England. The registered number of the company is 00176204 and the registered office is at The Golf Club, Rolston Road, Hornsea, East Yorkshire, HU18 1XG.

The financial statements are presented in the Pound Sterling (£) as this is the functional currency of business activities.

The principal activity of the company is operation of sports facilities.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets

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

Land and buildings

-

10% on cost and 3% on cost

Plant and machinery etc

-

20% on cost, 12.5% on cost and 5% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

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

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

Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the income account as they become payable in accordance with the rules of the scheme.

Capital grants

Grants received in relation to fixed assets are credited to deferred income and released to the income and expenditure account in equal instalments over the course of the relevant assets' lives.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

308,537

611,079

919,616

Additions

-

51,623

51,623

Disposals

-

(6,533

)

(6,533

)

At 31 March 2025

308,537

656,169

964,706

DEPRECIATION

At 1 April 2024

185,924

501,073

686,997

Charge for year

5,563

14,261

19,824

Eliminated on disposal

-

(6,533

)

(6,533

)

At 31 March 2025

191,487

508,801

700,288

NET BOOK VALUE

At 31 March 2025

117,050

147,368

264,418

At 31 March 2024

122,613

110,006

232,619

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,434

3,626

Other debtors

24,697

13,434

27,131

17,060

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

74,008

27,607

Taxation and social security

3,778

6,722

Other creditors

165,363

161,056

243,149

195,385

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

3,367

4,144

8.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2024

388,471

10,764

399,235

Deficit for the year

(13,659

)

(13,659

)

At 31 March 2025

374,812

10,764

385,576

9.	OTHER FINANCIAL COMMITMENTS

At 31 March 2025 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £43,475 (2024 - £96,680)