REGISTERED NUMBER: 00733927 (England and Wales)

BOSTON GOLF CLUB LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

S P Hodgson

M McPhail

S Hunt

F Bashford

P Bastock

A Castley

P S Coupland

A Daubney

M A Hyde

L Jackson

P Keal

C C Latham

A Potter

Mrs Y Schaffarczyk

Mrs V Simpson

I Taylor

G Tempest

T West

REGISTERED OFFICE:

Cowbridge

Horncastle Road

Boston

Lincolnshire

PE22 7EL

REGISTERED NUMBER:

00733927 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

FIXED ASSETS

Tangible assets

4

445,844

480,155

CURRENT ASSETS

Debtors

5

5,842

6,378

Cash at bank and in hand

144,823

145,147

150,665

151,525

CREDITORS

Amounts falling due within one year

6

141,809

162,909

NET CURRENT ASSETS/(LIABILITIES)

8,856

(11,384

)

TOTAL ASSETS LESS CURRENT LIABILITIES

454,700

468,771

CREDITORS

Amounts falling due after more than one year

7

75,550

102,861

NET ASSETS

379,150

365,910

RESERVES

Income and expenditure account

379,150

365,910

379,150

365,910

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 17 November 2025 and were signed on its behalf by:

P S Coupland - Director

M McPhail - Director

1.	STATUTORY INFORMATION

Boston 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.

The directors consider that the preparation of the financial statements on a going concern basis is appropriate.

Turnover

Turnover represents income generated from the various activities in the year, excluding value added tax. Income is recognised when the sale or service is provided with tee sponsorship income being credited over the term of the sponsorship.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation.

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

- not provided

Freehold buildings - expenditure on course

- 7.5% on reducing balance

Freehold buildings - clubhouse

- 10% on reducing balance

Equipment and machinery

- 7.5% - 20% on reducing balance

Financial instruments

The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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 the income statement as incurred.

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 the income statement in the period to which they relate.

Taxation

The company has mutual tax status and therefore taxation is only provided for on non-mutual income received in the year.

Other activities

The financial statements do not contain the activities of the "Seniors", "Ladies" and "Rabbits" sections of the club nor do they contain the social events and competitions sections of the club.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Equipment

land and

and

buildings

machinery

Totals

£

£

£

COST

At 1 April 2024

476,399

362,887

839,286

Additions

2,813

13,350

16,163

Disposals

-

(1,337

)

(1,337

)

At 31 March 2025

479,212

374,900

854,112

DEPRECIATION

At 1 April 2024

238,261

120,870

359,131

Charge for year

9,143

40,459

49,602

Eliminated on disposal

-

(465

)

(465

)

At 31 March 2025

247,404

160,864

408,268

NET BOOK VALUE

At 31 March 2025

231,808

214,036

445,844

At 31 March 2024

238,138

242,017

480,155

Included in cost of land and buildings is freehold land of £ 128,091 (2024 - £ 128,091 ) which is not depreciated.

The net book value of tangible fixed assets includes £ 88,967 (2024 - £ 106,955 ) in respect of assets held under finance leases.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

5,842

6,378

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Finance leases

24,248

22,356

Taxation and social security

6,091

2,574

Other creditors

111,470

137,979

141,809

162,909

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Finance leases

46,750

68,392

Other creditors

28,800

34,469

75,550

102,861

Amounts falling due in more than five years:

Repayable by instalments

Other loans

2,706

9,088

The other loan included within creditors is a 'Covid' related 'bounce back loan' from the bank which has been converted into a 'Pay as you Grow' loan. This is repayable in instalments and is unsecured.

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Finance leases

70,998

90,748

Bank borrowings are secured by a first charge over the company's freehold land and premises together with all fixtures.

Hire purchase and finance lease contracts are secured on the asset to which they relate.

9.	OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the statement of financial position date of £3,871 (2024 - £4,937).