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REGISTERED NUMBER: 00239074 (England and Wales)

KINGS NORTON GOLF CLUB,LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

KINGS NORTON GOLF CLUB,LIMITED (REGISTERED NUMBER: 00239074) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| KINGS NORTON GOLF CLUB,LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | K J Stanton

| G Clark

| S Earles

| M Davies

| R Rhead

| J G Whitehead

| SECRETARY: | S Dougan

| REGISTERED OFFICE: | Brockhill Lane

| Weatheroak

| Nr. Alvechurch

| Birmingham

| B48 7ED

| REGISTERED NUMBER: | 00239074 (England and Wales)

| AUDITORS: | Sephton & Company LLP

| Chartered Certified Accountants

| Statutory Auditors

| Marston House

| 5 Elmdon Lane

| Marston Green

| Solihull

| West Midlands

| B37 7DL

KINGS NORTON GOLF CLUB,LIMITED (REGISTERED NUMBER: 00239074) |

BALANCE SHEET

31 MAY 2025

| 31/5/25 | 31/5/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,031,014 |  | 1,805,588 |  |

Investments | 5 | 295,642 |  | 339,743 |  |

2,326,656 |  | 2,145,331 |  |

CURRENT ASSETS

Stocks | 32,248 |  | 38,643 |  |

Debtors | 6 | 113,653 |  | 127,472 |  |

Cash at bank and in hand | 281,347 |  | 307,790 |  |

427,248 |  | 473,905 |  |

CREDITORS

Amounts falling due within one year | 7 | 565,539 |  | 590,067 |  |

NET CURRENT LIABILITIES | (138,291 | ) | (116,162 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,188,365 |  | 2,029,169 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 226,684 |  | 60,721 |  |

NET ASSETS | 1,961,681 |  | 1,968,448 |  |

RESERVES

Investment reserve | 11 | 756,314 |  | 815,240 |  |

Capital reserve | 11 | 629,130 |  | 629,130 |  |

Income and expenditure account | 11 | 576,237 |  | 524,078 |  |

1,961,681 |  | 1,968,448 |  |

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 17 November 2025 and were signed on its behalf by:

R Rhead - Director

KINGS NORTON GOLF CLUB,LIMITED (REGISTERED NUMBER: 00239074) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Kings Norton Golf Club,Limited 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.

| 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.

| Significant judgements and estimates

| 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.

| Turnover

| Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, sales returns, rebates and discounts.

| The company recognises revenue when:

| - The amount of revenue can be reliably measured;

| - It is probable that future economic benefits will flow to the entity: and

| - Specific criteria have been met for each of the company's activities.

| Membership subscriptions are released to revenue over the length of the membership period.

| Lifetime membership subscription is released to revenue on a straight line basis over a ten year period..

| Event income is recognised on the date of the event.

| Tangible fixed assets

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

| Freehold land | - | not provided

| Long leasehold | - | at varying rates on cost

| Course and plant expenditure | - | at varying rates on cost and at variable rates on reducing balance

| Fixtures & equipment | - | at varying rates on cost and at variable rates on reducing balance

| Stocks

| Stocks are valued 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 is determined using First-in First-out (FIFO) methodology.

KINGS NORTON GOLF CLUB,LIMITED (REGISTERED NUMBER: 00239074) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, cash and bank balances and current asset investments. All such instruments are measured initially and subsequently at the transaction price.

| At the end of each reporting period debt financial assets are assessed for impairment, and their carrying value reduced if necessary. Any impairment is recognised in the profit and loss account.

| 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

| 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 surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to surplus or deficit 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 42 (2024 - 35 ) .

KINGS NORTON GOLF CLUB,LIMITED (REGISTERED NUMBER: 00239074) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

4. | TANGIBLE FIXED ASSETS

| Course |

| Freehold |  | Long |  | and plant |  | Fixtures |

| land |  | leasehold |  | expenditure |  | & equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 June 2024 | 17,528 |  | 1,204,397 |  | 1,825,387 |  | 517,898 |  | 3,565,210 |  |

| Additions | - |  | 290,707 |  | 108,309 |  | 10,743 |  | 409,759 |  |

| At 31 May 2025 | 17,528 |  | 1,495,104 |  | 1,933,696 |  | 528,641 |  | 3,974,969 |  |

| DEPRECIATION

| At 1 June 2024 | - |  | 557,236 |  | 777,957 |  | 424,429 |  | 1,759,622 |  |

| Charge for year | - |  | 54,581 |  | 106,769 |  | 22,983 |  | 184,333 |  |

| At 31 May 2025 | - |  | 611,817 |  | 884,726 |  | 447,412 |  | 1,943,955 |  |

| NET BOOK VALUE

| At 31 May 2025 | 17,528 |  | 883,287 |  | 1,048,970 |  | 81,229 |  | 2,031,014 |  |

| At 31 May 2024 | 17,528 |  | 647,161 |  | 1,047,430 |  | 93,469 |  | 1,805,588 |  |

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

| Course

| and plant

| expenditure

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 54,105 |  |

| DEPRECIATION

| At 1 June 2024 | 13,526 |  |

| Charge for year | 10,145 |  |

| At 31 May 2025 | 23,671 |  |

| NET BOOK VALUE

| At 31 May 2025 | 30,434 |  |

| At 31 May 2024 | 40,579 |  |

KINGS NORTON GOLF CLUB,LIMITED (REGISTERED NUMBER: 00239074) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

5. | FIXED ASSET INVESTMENTS

| Listed

| investments

£ |

| COST OR VALUATION

| At 1 June 2024 | 339,743 |  |

| Additions | 92,242 |  |

| Disposals | (142,416 | ) |

| Revaluations | 6,073 |  |

| At 31 May 2025 | 295,642 |  |

| NET BOOK VALUE

| At 31 May 2025 | 295,642 |  |

| At 31 May 2024 | 339,743 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/5/25 |  | 31/5/24

£ | £ |

| Trade debtors | 4,075 |  | 8,743 |  |

| Other debtors | 109,578 |  | 118,729 |  |

113,653 |  | 127,472 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/5/25 |  | 31/5/24

£ | £ |

| Bank loans and overdrafts | 27,500 |  | 30,000 |  |

| Hire purchase contracts (see note 9) | 9,337 |  | 8,633 |  |

| Trade creditors | 83,144 |  | 169,208 |  |

| Taxation and social security | 47,329 |  | 13,078 |  |

| Other creditors | 398,229 |  | 369,148 |  |

565,539 |  | 590,067 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31/5/25 |  | 31/5/24

£ | £ |

| Bank loans | - |  | 27,500 |  |

| Hire purchase contracts (see note 9) | 23,884 |  | 33,221 |  |

| Other creditors | 202,800 |  | - |  |

226,684 |  | 60,721 |  |

KINGS NORTON GOLF CLUB,LIMITED (REGISTERED NUMBER: 00239074) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

9. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 31/5/25 |  | 31/5/24 |

£ | £ |

| Net obligations repayable:

| Within one year | 9,337 |  | 8,633 |  |

| Between one and five years | 23,884 |  | 33,221 |  |

33,221 |  | 41,854 |  |

| Non-cancellable |

| operating leases |

| 31/5/25 |  | 31/5/24

£ | £ |

| Within one year | 97,454 |  | 97,454 |  |

| Between one and five years | 382,200 |  | 479,654 |  |

479,654 |  | 577,108 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31/5/25 |  | 31/5/24

£ | £ |

| Hire purchase contracts | 33,221 |  | 41,854 |  |

11. | RESERVES

| Income |

| and |

| expenditure |  | Investment |  | Capital |

| account |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1 June 2024 | 524,078 |  | 815,240 |  | 629,130 |  | 1,968,448 |  |

| Deficit for the year | (6,767 | ) | (6,767 | ) |

| Transfer | 58,926 |  | (58,926 | ) | - |  | - |  |

| At 31 May 2025 | 576,237 |  | 756,314 |  | 629,130 |  | 1,961,681 |  |

| The transfer between the income and expenditure account and the investment reserve represents the gain or loss on the revaluation of investments.

| There are no distributable reserves.

KINGS NORTON GOLF CLUB,LIMITED (REGISTERED NUMBER: 00239074) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

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

| The Report of the Auditors was unqualified.

| Darren Paul Carter (Senior Statutory Auditor)

| for and on behalf of Sephton & Company LLP

13. | LIMITED BY GUARANTEE

| The maximum liability per member upon winding up is restricted to £2.50.