Company No: 00889882 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	940,353		525,631
		940,353		525,631
Current assets
Stocks	4	37,139		30,083
Debtors	5	191,655		163,923
Cash at bank and in hand		239,397		322,309
		468,191		516,315
Creditors: amounts falling due within one year	6	( 589,476)		( 564,254)
Net current liabilities		(121,285)		(47,939)
Total assets less current liabilities		819,068		477,692
Creditors: amounts falling due after more than one year	7	( 461,625)		( 13,217)
Net assets		357,443		464,475
Capital and reserves
Called-up share capital	8	44		44
Share premium account		62,347		62,347
Profit and loss account		295,052		402,084
Total shareholders' funds		357,443		464,475

For the financial year ending 31 March 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Hartsbourne Country Club (Members) Limited (registered number: 00889882) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

N Bobroff Director

28 October 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hartsbourne Country Club (Members) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Hartsbourne Country Club, Hartsbourne Avenue, Bushey Heath, WD23 1JW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover consists of annual subscriptions of members, catering income, green fees and other sundry income. It is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business of the golf and country club and is shown net of VAT and other sales related taxes where applicable.

Revenue from the sale of good is recognised when the significant risks and rewards of ownership of the good have passed to the buyer. The amount of revenue can be measured reliably when it is probable that the economic benefits associated with the transactions will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably and are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	20 years straight line
Plant and machinery etc.	20 years straight line
	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value after making allowance adjustments for obsolete and slow-moving stocks. Cost includes all direct costs and appropriate proportion of fixed and variable overheads.

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 creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and 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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	51		51

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2024	1,270,566		1,638,592		2,909,158
Additions	43,189		436,247		479,436
At 31 March 2025	1,313,755		2,074,839		3,388,594
Accumulated depreciation
At 01 April 2024	1,270,566		1,112,961		2,383,527
Charge for the financial year	1,476		63,238		64,714
At 31 March 2025	1,272,042		1,176,199		2,448,241
Net book value
At 31 March 2025	41,713		898,640		940,353
At 31 March 2024	0		525,631		525,631

4. Stocks

	2025		2024
	£		£
Stocks	37,139		30,083

5. Debtors

	2025		2024
	£		£
Trade debtors	11,028		6,080
Other debtors	180,627		157,843
	191,655		163,923

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	139,606		95,941
Other taxation and social security	17,453		27,538
Other creditors	432,417		440,775
	589,476		564,254

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	6,625		13,217
Other creditors	455,000		0
	461,625		13,217

Included within other creditors is £455,000 of loans owed to related parties. Interest is charge at 8% per annum.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
877 Ordinary shares of £ 0.05 each	44		44

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	175,000		175,000
between one and five years	525,000		700,000
Total future minimum lease payments under non-cancellable operating leases	700,000		875,000