REGISTERED NUMBER: 00175343 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE TURTON GOLF CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C M Kay

A R Bullough

S Booth

S A Hurst

T A Berry

H Slater

S D Foster

D Makinson

REGISTERED OFFICE:

Wood End Farm

Chapeltown Road

Bromley Cross

Bolton

Lancashire

BL7 9QD

REGISTERED NUMBER:

00175343 (England and Wales)

ACCOUNTANTS:

P B Syddall & Co

Chartered Accountants

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

FIXED ASSETS

Tangible assets

4

2,384,619

2,395,741

Investments

5

200

200

2,384,819

2,395,941

CURRENT ASSETS

Stocks

3,780

3,070

Debtors

6

43,894

59,277

Cash at bank and in hand

103,922

9,862

151,596

72,209

CREDITORS

Amounts falling due within one year

7

701,002

544,610

NET CURRENT LIABILITIES

(549,406

)

(472,401

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,835,413

1,923,540

CREDITORS

Amounts falling due after more than one year

8

302,705

336,018

NET ASSETS

1,532,708

1,587,522

CAPITAL AND RESERVES

Called up share capital

10

5,000

5,000

Revaluation reserve

11

1,193,525

1,193,525

Retained earnings

11

334,183

388,997

SHAREHOLDERS' FUNDS

1,532,708

1,587,522

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2025 and were signed on its behalf by:

S Booth - Director

1.	STATUTORY INFORMATION

The Turton 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 modified by the revaluation of certain assets.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS

The financial statements contain information about The Turton Golf Club Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

There are currently no significant judgements and estimates applied by the directors which are considered key to the preparation of the financial statements.

TURNOVER

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

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.

Freehold land and buildings

-

Nil

Clubhouse development

-

not provided

Greens equipment

-

10% on reducing balance

Fixtures fittings and equipment

-

at variable rates on reducing balance

Access road

-

10% on cost

With the exception of freehold property fixed assets are stated at cost less accumulated depreciation. Freehold property is stated in the balance sheet at revalued amounts, being the fair value on the date of revaluation less any subsequent depreciation and impairment losses. Due to the specialised nature of the asset, insurance replacement value is used as the fair value. Revaluations are performed with sufficient regularity such that the carrying amount does not differ materially from that which could be determined using fair values at the reporting end date.

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 Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

land and

Clubhouse

Greens

buildings

development

equipment

£

£

£

COST OR VALUATION

At 1 April 2024

1,546,000

686,103

279,181

Additions

-

-

-

At 31 March 2025

1,546,000

686,103

279,181

DEPRECIATION

At 1 April 2024

-

-

245,576

Charge for year

-

-

3,360

At 31 March 2025

-

-

248,936

NET BOOK VALUE

At 31 March 2025

1,546,000

686,103

30,245

At 31 March 2024

1,546,000

686,103

33,605

Fixtures

fittings

and

Access

equipment

road

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

165,134

31,173

2,707,591

Additions

6,739

-

6,739

At 31 March 2025

171,873

31,173

2,714,330

DEPRECIATION

At 1 April 2024

51,830

14,444

311,850

Charge for year

12,410

2,091

17,861

At 31 March 2025

64,240

16,535

329,711

NET BOOK VALUE

At 31 March 2025

107,633

14,638

2,384,619

At 31 March 2024

113,304

16,729

2,395,741

Cost or valuation at 31 March 2025 is represented by:

Freehold

land and

Clubhouse

Greens

buildings

development

equipment

£

£

£

Valuation in 2007

1,193,522

-

-

Cost

352,478

686,103

279,181

1,546,000

686,103

279,181

Fixtures

fittings

and

Access

equipment

road

Totals

£

£

£

Valuation in 2007

-

-

1,193,522

Cost

171,873

31,173

1,520,808

171,873

31,173

2,714,330

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Fixtures

fittings

and

equipment

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

114,262

DEPRECIATION

At 1 April 2024

25,120

Charge for year

9,024

At 31 March 2025

34,144

NET BOOK VALUE

At 31 March 2025

80,118

At 31 March 2024

89,142

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

200

NET BOOK VALUE

At 31 March 2025

200

At 31 March 2024

200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,377

13,889

VAT

-

7,845

Prepayments and accrued income

37,517

37,543

43,894

59,277

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

24,205

35,083

Other loans

110,000

85,000

Hire purchase contracts

21,450

21,450

Trade creditors

24,069

22,104

Subscriptions received in advance

346,611

269,627

Amounts owed to Woodend Catering Limited

53,941

6,490

Social security and other taxes

21,230

4,962

VAT

1,614

-

Members card balances

13,478

11,615

Directors current account

75,000

75,000

Accruals and deferred income

9,404

13,279

701,002

544,610

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

95,057

95,057

Bank loans - over 5 years

161,521

171,467

Hire purchase contracts

25,502

46,994

Life membership subscriptions in advance

20,625

22,500

302,705

336,018

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - over 5 years

161,521

171,467

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

280,342

290,288

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,000

Ordinary

£1

5,000

5,000

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

388,997

1,193,525

1,582,522

Deficit for the year

(54,814

)

(54,814

)

At 31 March 2025

334,183

1,193,525

1,527,708

12.	RELATED PARTY DISCLOSURES

During the financial year end 31 March 2023 the company received loans amounting to £75,000 from directors. The loans are included in creditors due within one year.

The company has received a loan from Woodend Catering Limited, a subsidiary company. At the balance sheet date £53,941 (2024 - £6,490) is included within creditors due within one year.

Rent and utilities amounting to £22,557 have been charged to Woodend Catering Limited for use of the premises from which it conducts it's day to day operations.

13.	ULTIMATE CONTROLLING PARTY

The trustees of a Deed of Trust dated 5 December 1966 are authorised to and actually hold all the shares in the company on behalf of the actual members of the Turton Golf Club Limited. The control of the Turton Golf Club Limited rests solely with the current actual members of the Club.

The trustees of the club are :

C Gobin

M Morrison

B Holt

14.	SUBSIDIARY COMPANIES

The company owns the issued share capital of the following companies:

Turton Golf Club Catering Limited - 100 ordinary £1 shares

Woodend Catering Limited - 100 ordinary £1 shares

Woodend Catering Limited has issued 10 B shares which are owned by a third party.