| Kibworth Golf Club Limited |
| Registered number: |
00666014 |
| Balance Sheet |
| as at 30 September 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
931,912 |
|
|
777,191 |
|
| Current assets |
| Stocks |
|
|
8,997 |
|
|
8,722 |
| Debtors |
4 |
|
57,377 |
|
|
28,864 |
| Cash at bank and in hand |
|
|
613,293 |
|
|
392,218 |
|
|
|
679,667 |
|
|
429,804 |
|
| Creditors: amounts falling due within one year |
5 |
|
(780,674) |
|
|
(435,942) |
|
| Net current liabilities |
|
|
|
(101,007) |
|
|
(6,138) |
|
| Total assets less current liabilities |
|
|
|
830,905 |
|
|
771,053 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(145,608) |
|
|
(125,899) |
|
|
|
| Net assets |
|
|
|
685,297 |
|
|
645,154 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
685,297 |
|
|
645,154 |
|
| Shareholder's funds |
|
|
|
685,297 |
|
|
645,154 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr N J I Driver |
Mr A Rodi |
| Director |
Director |
| Approved by the board on 11 December 2025 |
|
| Kibworth Golf Club Limited |
| Notes to the Accounts |
| for the year ended 30 September 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of golf related services and is recognised in the period to which it relates. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold land |
no depreciation |
|
Freehold buildings |
over 50 years |
|
Car park |
over 15 years |
|
Course construction |
over 20 years |
|
Plant and machinery |
over 8 years |
|
Fixtures, fittings and equipment |
over 5 years |
|
Computer equipment |
over 3 years |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
23 |
|
24 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 October 2024 |
1,309,499 |
|
1,060,253 |
|
2,369,752 |
|
Additions |
134,892 |
|
130,795 |
|
265,687 |
|
At 30 September 2025 |
1,444,391 |
|
1,191,048 |
|
2,635,439 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2024 |
823,328 |
|
769,233 |
|
1,592,561 |
|
Charge for the year |
37,137 |
|
73,829 |
|
110,966 |
|
At 30 September 2025 |
860,465 |
|
843,062 |
|
1,703,527 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2025 |
583,926 |
|
347,986 |
|
931,912 |
|
At 30 September 2024 |
486,171 |
|
291,020 |
|
777,191 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
33,613 |
|
23,917 |
|
Other debtors |
23,764 |
|
4,947 |
|
|
|
|
|
|
57,377 |
|
28,864 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
52,121 |
|
58,243 |
|
Trade creditors |
83,142 |
|
31,856 |
|
Taxation and social security costs |
17,139 |
|
25,270 |
|
Other creditors |
628,272 |
|
320,573 |
|
|
|
|
|
|
780,674 |
|
435,942 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
92,808 |
|
72,499 |
|
Other creditors |
52,800 |
|
53,400 |
|
|
|
|
|
|
145,608 |
|
125,899 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
52,800 |
|
53,400 |
|
|
|
|
|
|
|
|
|
|
The above amount relates to members debenture loans. These are interest free loans. |
|
|
|
Secured creditors |
144,929 |
|
130,742 |
|
|
|
|
|
|
|
|
|
|
The secured creditors relate to hire purchase contracts. The contracts are secured on the assets to which they relate. |
|
|
| 8 |
Other information |
|
|
Kibworth Golf Club Limited is a private company limited by guarantee and incorporated in England. Its registered office is: |
|
The Club House |
|
Weir Road |
|
Kibworth Beauchamp |
|
Leicestershire |
|
LE8 0LP |
|
|
The company has no share capital and consequently the liability of the members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up, such amounts as may be required, but not exceeding £0.25. |