REGISTERED NUMBER: 12475798 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HENDON GOLF CLUB LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A H D Hoffbrand

N J Brown

C A D'Cunha

J Parvardin

J Patani

P Shah

R W Gillespie

SECRETARY:

J R G Titmas

REGISTERED OFFICE:

Hendon Golf Club

Ashley Walk

Devonshire Road

London

NW7 1DG

REGISTERED NUMBER:

12475798 (England and Wales)

AUDITORS:

Collards

Chartered Accountants

Statutory Auditor

5-9 Eden Street

Kingston-upon-Thames

Surrey

KT1 1BQ

FIXED ASSETS

Tangible assets

4

293,310

360,051

CURRENT ASSETS

Stocks

15,854

14,443

Debtors

5

39,034

18,173

Cash at bank

316,826

354,910

371,714

387,526

CREDITORS

Amounts falling due within one year

6

426,581

549,819

NET CURRENT LIABILITIES

(54,867

)

(162,293

)

TOTAL ASSETS LESS CURRENT LIABILITIES

238,443

197,758

CREDITORS

Amounts falling due after more than one year

7

17,141

27,425

NET ASSETS

221,302

170,333

RESERVES

Other reserves

197,369

197,369

Income and expenditure account

23,933

(27,036

)

221,302

170,333

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 28 October 2025 and were signed on its behalf by:

N J Brown - Director

1.	STATUTORY INFORMATION

Hendon Golf Club Ltd is a private company, limited by guarantee , 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.

Significant judgements and estimates

The preparation of the financial statements requires the company to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for income and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Tangible fixed assets represents a significant element of the balance sheet. Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values may vary depending on a number of factors.

Turnover

Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed

Subscription income is recognised evenly over the membership period with any amounts received in the current financial year that related to the following financial year treated as deferred income.

Revenue grants are recognised using the accrual model and are therefore recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Revenue grants are measured at fair value, being the amount of cash receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

20% on cost and 10% on cost

Plant and machinery etc

-

20% on cost and 15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it is excluded under the mutual trading rules for members clubs.

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.

Finance lease and easing commitments

Plant and equipment acquired under finance leases contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account 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.

Finance lease and easing commitments

Plant and equipment acquired under finance leases contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2024 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

184,341

356,905

541,246

Additions

23,904

-

23,904

Disposals

(14,778

)

-

(14,778

)

At 31 March 2025

193,467

356,905

550,372

DEPRECIATION

At 1 April 2024

34,201

146,994

181,195

Charge for year

31,865

58,780

90,645

Eliminated on disposal

(14,778

)

-

(14,778

)

At 31 March 2025

51,288

205,774

257,062

NET BOOK VALUE

At 31 March 2025

142,179

151,131

293,310

At 31 March 2024

150,140

209,911

360,051

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

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

59,950

DEPRECIATION

At 1 April 2024

8,992

Charge for year

8,992

At 31 March 2025

17,984

NET BOOK VALUE

At 31 March 2025

41,966

At 31 March 2024

50,958

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,930

8,067

Other debtors

33,104

10,106

39,034

18,173

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Finance leases (see note 8)

10,284

10,284

Trade creditors

104,155

39,105

Taxation and social security

34,615

27,293

Other creditors

277,527

473,137

426,581

549,819

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Finance leases (see note 8)

17,141

27,425

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

2025

2024

£

£

Net obligations repayable:

Within one year

10,284

10,284

Between one and five years

17,141

27,425

27,425

37,709

Non-cancellable operating

leases

2025

2024

£

£

Within one year

1,957

11,760

Between one and five years

143,819

50,503

In more than five years

605,000

610,000

750,776

672,263

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Charles Addison (Senior Statutory Auditor)

for and on behalf of Collards

10.	RELATED PARTY DISCLOSURES

During the year the company charged Hendon Golf Club 1903 Ltd £4,266 (2024: £3,690) for management fees and was charged £5,000 (2024:£5,000) for rent.