REGISTERED NUMBER: 14539541 (England and Wales)

EASINGWOLD GOLF CLUB LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

W A Bartlett

R A Frew

J Burdall

REGISTERED OFFICE:

Stillington Road

Easingwold

York

YO61 3ET

REGISTERED NUMBER:

14539541 (England and Wales)

ACCOUNTANTS:

UHY Calvert Smith

Chartered Accountants

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

FIXED ASSETS

Tangible assets

4

177,042

190,769

Investments

5

2

2

177,044

190,771

CURRENT ASSETS

Stocks

10,400

3,337

Debtors

6

35,848

124,483

Cash at bank

259,313

184,755

305,561

312,575

CREDITORS

Amounts falling due within one year

7

386,500

364,428

NET CURRENT LIABILITIES

(80,939

)

(51,853

)

TOTAL ASSETS LESS CURRENT LIABILITIES

96,105

138,918

CREDITORS

Amounts falling due after more than one year

8

2,048

3,800

NET ASSETS

94,057

135,118

RESERVES

Income and expenditure account

94,057

135,118

94,057

135,118

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 surplus or deficit 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 21 July 2025 and were signed on its behalf by:

W A Bartlett - Director

1.	STATUTORY INFORMATION

Easingwold Golf Club Limited ("the club") 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.

These financial statements cover the year ended 31 March 2025. The comparatives presented cover the 8 month period from 1 August 2023 to 31 March 2024 and are not therefore entirely comparable. The length of the previous accounting period was shortened to align the reporting date with the golf membership year.

Going Concern

The directors have considered the financial position and projections of the club and have a reasonable expectation that the club has adequate resources to continue for the foreseeable future. The club therefore continues to adopt the going concern basis in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Easingwold 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.

Turnover

The club's income represents members subscriptions, temporary members fees and associated goods and services provided by the club during the year, excluding Value Added Tax.

Subscriptions relating to future periods are deferred and held as a liability on the balance sheet at the year end.

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

-

5% on reducing balance and 4% on cost

Plant and machinery etc

-

25% straight line and 15% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 relates to items recognised in other comprehensive income or directly in equity.

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.

The club is a registered Community Amateur Sports Club (CASC) and as a CASC, the club would not usually be subject to UK Corporation Tax providing it meets certain criteria.

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

Tangible fixed assets acquired under finance leases or hire purchase 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.

Grants receivable

Grants receivable are recognised in the income and expenditure account when the club is fully entitled to the grant. Where there are future performance related conditions attached to the grant, the grant is recognised in income only when these performance related conditions have been met. A grant with no future performance related conditions is recognised when the grant proceeds are received or receivable. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

211,410

225,936

437,346

Additions

-

20,522

20,522

Disposals

-

(3,250

)

(3,250

)

At 31 March 2025

211,410

243,208

454,618

DEPRECIATION

At 1 April 2024

77,413

169,164

246,577

Charge for year

4,826

26,988

31,814

Eliminated on disposal

-

(815

)

(815

)

At 31 March 2025

82,239

195,337

277,576

NET BOOK VALUE

At 31 March 2025

129,171

47,871

177,042

At 31 March 2024

133,997

56,772

190,769

Included in Course Equipment are assets held under finance leases. The net book value of these assets amounted to £20,792 (2024: £14,204). Deprecation charged on these assets amounted to £13,934 (2024: £4,735).

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

2

NET BOOK VALUE

At 31 March 2025

2

At 31 March 2024

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,754

69,728

Amounts owed by group undertakings

17,643

-

Other debtors

15,451

54,755

35,848

124,483

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Finance leases (see note 9)

14,921

7,102

Trade creditors

9,357

26,391

Taxation and social security

5,604

4,974

Other creditors

356,618

325,961

386,500

364,428

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Finance leases (see note 9)

2,048

3,800

9.	LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases

2025

2024

£

£

Net obligations repayable:

Within one year

14,921

7,102

Between one and five years

2,048

3,800

16,969

10,902

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Expiring:

Within one year

50,000

50,000

Between one and five years

-

50,000

50,000

100,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Finance leases

16,969

10,902

11.	RELATED PARTY DISCLOSURES

Easingwold Golf Centre Ltd is a 100% subsidiary of Easingwold Golf Club Limited.

During the year, Easingwold Golf Centre Ltd paid £nil (2024: £7,000) to Easingwold Golf Club for rent. At the year end the balance owed to Easingwold Golf Club Limited from Easingwold Golf Centre Ltd was £17,643 (2024: Easingwold Golf Club owed Easingwold Golf Centre Ltd £54,632).