REGISTERED NUMBER: 01225802 (England and Wales)

Financial Statements for the Year Ended 31st March 2025

for

The Rochester & Cobham Park Golf Club

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A MacKenzie

B J Scotland

M Hodgson

B McNally

C Hibbert

M Hurren

S Batchelor

M Riddick

C J McKillop

SECRETARY:

C J McKillop

REGISTERED OFFICE:

Park Pale

By Rochester

Kent

ME2 3UL

REGISTERED NUMBER:

01225802 (England and Wales)

AUDITORS:

Beak Kemmenoe

Chartered Accountants

& Statutory Auditors

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Tangible assets

5

2,402,803

1,794,213

CURRENT ASSETS

Stocks

153,128

129,097

Debtors

6

113,379

96,172

Investments

7

2,178

2,238

Cash at bank and in hand

1,609,555

1,189,877

1,878,240

1,417,384

CREDITORS

Amounts falling due within one year

8

1,282,544

968,699

NET CURRENT ASSETS

595,696

448,685

TOTAL ASSETS LESS CURRENT LIABILITIES

2,998,499

2,242,898

CREDITORS

Amounts falling due after more than one year

9

1,230,173

604,268

NET ASSETS

1,768,326

1,638,630

RESERVES

Fair value reserve

12

179

239

Income and expenditure account

12

1,768,147

1,638,391

1,768,326

1,638,630

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 5th December 2025 and were signed on its behalf by:

M Riddick - Director

A MacKenzie - Director

1.	STATUTORY INFORMATION

The Rochester & Cobham Park 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

No judgements or estimates that are material to the financial statements have been noted.

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 property

-

10% - 50% on cost

Plant and machinery

-

2% on cost and 20% on cost

Fixtures and fittings

-

20% 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.

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.

Pension costs and other post-retirement benefits

The club operates a defined contribution pension scheme. Contributions payable to the club's pension scheme are charged to surplus or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 31 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1st April 2024

1,486,982

893,472

54,043

2,434,497

Additions

74,532

600,513

29,847

704,892

Disposals

-

(5,000

)

-

(5,000

)

At 31st March 2025

1,561,514

1,488,985

83,890

3,134,389

DEPRECIATION

At 1st April 2024

435,212

158,957

46,115

640,284

Charge for year

29,708

63,478

3,116

96,302

Eliminated on disposal

-

(5,000

)

-

(5,000

)

At 31st March 2025

464,920

217,435

49,231

731,586

NET BOOK VALUE

At 31st March 2025

1,096,594

1,271,550

34,659

2,402,803

At 31st March 2024

1,051,770

734,515

7,928

1,794,213

Included in cost of land and buildings is freehold land of £ 273,979 (2024 - £ 273,979 ) which is not depreciated.

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

Plant and

machinery

£

COST

At 1st April 2024

and 31st March 2025

24,771

DEPRECIATION

At 1st April 2024

4,129

Charge for year

4,954

At 31st March 2025

9,083

NET BOOK VALUE

At 31st March 2025

15,688

At 31st March 2024

20,642

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors, prepayments and accrued income

107,194

57,831

VAT repayable

6,185

38,341

113,379

96,172

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

2,178

2,238

HM Treasury 4 1/4% Treasury Stock 2032 at market value.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,780

-

Other loans

42,026

28,200

Hire purchase contracts (see note 10)

3,963

3,963

Trade creditors

224,380

284,581

Corporation tax

5,430

2,487

Social security and other taxes

16,562

16,654

Other creditors

61,777

55,422

Accruals and deferred income

916,626

577,392

1,282,544

968,699

Other loans represent the 10 year membership renewal fund to be released within 1 year.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans repayable by instalments between 1 and 2 years

14,115

-

Bank loans repayable by instalments between 2 and 5 years

66,568

-

Bank loans repayable by instalments due after more than 5 years

402,635

-

Other loans repayable by instalments between 1 and 2 years

42,026

25,850

Other loans repayable by instalments between 2 and 5 years

126,077

77,550

Other loans repayable by instalments due after more than 5 years

168,097

129,250

Other loans not repayable by instalments due after more than 5 years

398,000

355,000

Hire purchase contracts (see note 10)

12,655

16,618

1,230,173

604,268

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans not repayable by instalments due after more than 5 years

398,000

355,000

Repayable by instalments

Bank loans repayable by instalments due after more than 5 years

402,635

-

Other loans repayable by instalments due after more than 5 years

168,097

129,250

570,732

129,250

Other loans repayable by instalments represent the release of the 10 year membership renewal over the period concerned.

The Club has issued unsecured loan notes with a maturity date of 1st April 2034. Interest is paid annually at 1% below the base rate of the Bank of England on 1st January in each year, but subject to a minimum interest rate of zero %. These are represented by the other loans not repayable by instalments.

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

3,963

3,963

Between one and five years

12,655

16,618

16,618

20,581

Non-cancellable

operating leases

2025

2024

£

£

Between one and five years

467,930

353,410

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

495,098

-

Hire purchase contracts

16,618

20,581

511,716

20,581

A charge over the club's freehold property is held by the bank as security for the overdraft facility.

Hire purchase contracts are secured on the assets concerned.

Bank loans are secured by a registered debenture containing a fixed and floating charge over all the assets of the Club.

12.

RESERVES

Income

and

Fair

expenditure

value

account

reserve

Totals

£

£

£

At 1st April 2024

1,638,391

239

1,638,630

Surplus for the year

129,696

129,696

Fair value changes

60

(60

)

-

At 31st March 2025

1,768,147

179

1,768,326

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

The Report of the Auditors was unqualified.

Ronald Price FCA (Senior Statutory Auditor)

for and on behalf of Beak Kemmenoe

14.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

-

595,232

The club had contracted for the installation of an irrigation system. As of the 31st March 2024 the above figure was still outstanding in respect of the initial contract excluding contingencies and VAT.This was paid and installed in the current year and capitalised as plant and machinery.

15.	COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee, all members having a liability not exceeding £10 per member.