Bramley Golf Club Limited

Directors' Report for the Year Ended 30 June 2025

The directors present their report and the financial statements for the year ended 30 June 2025.

Principal activity

The principal activity of the company is the ownership and operation of Bramley Golf Club.

Directors of the company

The directors who held office during the year were as follows:

Mr S Butler

Mr I Durrans

Ms L Henderson (appointed 13 November 2024)

Mr A Knee-Robinson

Mr A P Snape

Mr J de Wit (appointed 13 November 2024)

Mrs G F Longdon (ceased 13 November 2024)

Mr J Tuck (ceased 13 November 2024)

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 27 October 2025 and signed on its behalf by:
 

......................................... Mr S Butler Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Bramley Golf Club Limited
for the Year Ended 30 June 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bramley Golf Club Limited for the year ended 30 June 2025 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Bramley Golf Club Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Bramley Golf Club Limited and state those matters that we have agreed to state to the Board of Directors of Bramley Golf Club Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bramley Golf Club Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bramley Golf Club Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bramley Golf Club Limited. You consider that Bramley Golf Club Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Bramley Golf Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Ritchie Phillips LLP
Ground Floor South Suite
Afon House
Worthing Road
Horsham
West Sussex
RH12 1TL

27 October 2025

Bramley Golf Club Limited

(Registration number: 12543902)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,086,243	2,136,500
Current assets
Stocks	5	11,925	13,116
Debtors	6	33,626	32,407
Cash at bank and in hand		844,409	1,163,639
		889,960	1,209,162
Creditors: Amounts falling due within one year	7	(948,632)	(820,487)
Net current (liabilities)/assets		(58,672)	388,675
Total assets less current liabilities		3,027,571	2,525,175
Creditors: Amounts falling due after more than one year	7	(983,526)	(624,989)
Net assets		2,044,045	1,900,186
Reserves
Retained earnings		2,044,045	1,900,186
Surplus		2,044,045	1,900,186

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

Approved and authorised by the Board on 27 October 2025 and signed on its behalf by:
 

......................................... Mr S Butler Director

......................................... Mr I Durrans Director

Bramley Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £5 towards the assets of the company in the event of liquidation. The company is a not-for-profit organisation.

The address of its registered office is:
Links Road
Bramley
Guildford
Surrey
GU5 0AL
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

In preparing the financial statements, the directors are required to assess the company's ability to continue as a going concern for the foreseeable future. In undertaking this assessment, the directors have given due regard to the company's banking and other loan facilities, historic and current trading and forward looking projections.

The directors have reviewed the company cashflow forecasts and, based on their best assessment, believe that the group and the company have sufficient financing in place to meet their cashflow requirements for at least the next twelve months. The directors have therefore prepared the financial statements on a going concern basis.

Revenue recognition

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 sales/value added tax, 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.

Bramley Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Subscription income

Subscription income is levied for the year to 30 June, in line with the Company accounts. Typically subscriptions are paid in advance of the renewal date and this income in advance is therefore apportioned across the subsequent accounting period to which it relates.

Included within subscription income are transferable long term memberships. These are membership subscriptions paid in advance and amortised straight line over five or ten years.

The clubhouse project levy is apportioned across the accounting periods for which the bank loan to fund this project has been taken.

Government grants

Grants are accounted for under the accruals method. Grants of a revenue nature are recognised in "other income" in the profit and loss account in the same period as the related expenditure.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
 

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of tangible fixed assets over their estimated useful lives as follows:

Asset class	Depreciation method and rate
Freehold land	0%
Freehold buildings	2.5%-10% straight line
Furniture and fittings	5%-25% straight line
Irrigation system	6.66% straight line
Plant and machinery	16.67%-25% straight line
Motor vehicles	20% straight line

No depreciation is provided on tangible fixed assets until brought into use.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Bramley Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Members' loans

In respect of members' loans, these comprise a large number of small value loans that in reality are not repaid whilst the person remains a member. Therefore, given that the company is owned by the members, these amounts are effectively a long term creditor and are included in creditors falling due after more than one year.

Bramley Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2024 - 23).

Bramley Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5

Stocks

	2025 £	2024 £
Other inventories	11,925	13,116

6

Debtors

Current	2025 £	2024 £
Trade debtors	16,865	21,531
Prepayments	16,761	1,767
Other debtors	-	9,109
	33,626	32,407

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	17,083	2,007
Trade creditors		52,907	52,508
Taxation and social security		21,368	12,134
Accruals and deferred income		787,312	704,400
Other creditors		69,962	49,438
		948,632	820,487

Transferable Long Term Memberships
Included within deferred income are 5 year term memberships of £14,480 and 10 year term memberships of £57,750 which entitles the member to 5 or 10 years full membership of the club. The amounts paid by such members are non-refundable, except under exceptional circumstances.

Bramley Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	458,064	72,181
Deferred income		525,462	552,808
		983,526	624,989

Transferable Long Term Memberships
Included within deferred income are 5 year term memberships of £36,200 and 10 year term memberships of £433,125 which entitles the member to 5 or 10 years membership of the club. The amounts paid by such members are non-refundable, except under exceptional circumstances.

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	384,858	-
Hire purchase contracts	3,616	5,921
Members' loans	69,590	66,260
	458,064	72,181

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	14,778	-
Hire purchase contracts	2,305	2,007
	17,083	2,007