REGISTERED NUMBER: 01635787 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HAVERHILL GOLF CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E Ward

R Pyke

Dr A Cornish

A Spittle

A Grimmitt

D Quinney

C Mellings

T Lyons

L Russell

A Bampton

Mrs V White

REGISTERED OFFICE:

Coupals Road

Haverhill

Suffolk

CB9 7UW

REGISTERED NUMBER:

01635787 (England and Wales)

ACCOUNTANTS:

Streets Hackett Griffey LLP

Accountants & Business Advisers

31 High Street

Haverhill

Suffolk

CB9 8AD

FIXED ASSETS

Tangible assets

4

1,126,627

832,621

CURRENT ASSETS

Stocks

6,706

8,133

Debtors

5

1,189

6,724

Cash at bank and in hand

193,835

209,287

201,730

224,144

CREDITORS

Amounts falling due within one year

6

405,444

351,252

NET CURRENT LIABILITIES

(203,714

)

(127,108

)

TOTAL ASSETS LESS CURRENT LIABILITIES

922,913

705,513

CREDITORS

Amounts falling due after more than one year

7

(312,078

)

(129,949

)

ACCRUALS AND DEFERRED INCOME

(49,923

)

(60,629

)

NET ASSETS

560,912

514,935

RESERVES

Income and expenditure account

560,912

514,935

560,912

514,935

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 16 December 2025 and were signed on its behalf by:

Dr A Cornish - Director

R Pyke - Director

1.	STATUTORY INFORMATION

Haverhill 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.

Turnover

Turnover represents the aggregate total of joining fees, subscriptions, green fees, competition fees, bar income and room hire receipts being the amount derived from ordinary activities, stated net of VAT.

Membership subscriptions are recognised in the income statement in the period in which they relate.

Subscriptions received in advance are carried forward within creditors.

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

-

4% on cost and 2% on cost

Plant and machinery etc

-

25% on reducing balance and 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

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

Going concern

The accounts have been prepared on the going concern basis despite the Club having net current liabilities of £203,714 (2024 £127,108) at the year end. However, a proportion of this relates to members subscriptions received in advance and therefore will never fall due for payment. In addition, the Club has finance and loan agreements in place to allow it to continue meeting it's debt's as they fall due and for these reasons the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

1,088,856

424,139

1,512,995

Additions

305,642

28,752

334,394

At 31 March 2025

1,394,498

452,891

1,847,389

DEPRECIATION

At 1 April 2024

362,948

317,426

680,374

Charge for year

8,249

32,139

40,388

At 31 March 2025

371,197

349,565

720,762

NET BOOK VALUE

At 31 March 2025

1,023,301

103,326

1,126,627

At 31 March 2024

725,908

106,713

832,621

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,189

6,724

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

52,002

4,012

Hire purchase contracts

3,428

3,142

Subscriptions in advance

238,255

182,151

Trade creditors

1,966

47,578

Taxation and social security

11,008

8,296

Other creditors

98,785

106,073

405,444

351,252

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

311,777

124,970

Hire purchase contracts

301

3,729

Other creditors

-

1,250

312,078

129,949

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

82,902

106,579

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

363,779

128,982

Other loans

60,000

61,250

Hire purchase contracts

3,729

6,871

427,508

197,103

Bank and other loans are secured by fixed and floating charges over the assets of the company.

Hire purchase contracts are secured on the asset financed.

9.	OTHER FINANCIAL COMMITMENTS

At the reporting date the company had outstanding commitments for future lease payments under operating leases of £68,828.

10.	LIMITED BY GUARANTEE

The company is limited by guarantee. Every member of the company undertakes to contribute such amounts as may be required not exceeding £1 to the company's assets if it should be wound up while they are a member or within one year after they cease to be a member, to cover the liability of the company.