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REGISTERED NUMBER: 09386981 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 30 June 2025 |

| for |

| Taunton & Pickeridge Golf Club Limited |

Taunton & Pickeridge Golf Club Limited (Registered number: 09386981)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Taunton & Pickeridge Golf Club Limited

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | A G Rhodes

| J L Ford

| A R Mcgown

| A C Willett

| D C Goodman

| E L Smith

| T A French

| REGISTERED OFFICE: | Corfe

| TAUNTON

| Somerset

| TA3 7BY

| REGISTERED NUMBER: | 09386981 (England and Wales)

| ACCOUNTANTS: | A C Mole LLP

| Stafford House

| Blackbrook Park Avenue

| Taunton

| Somerset

| TA1 2PX

Taunton & Pickeridge Golf Club Limited (Registered number: 09386981)

Balance Sheet

30 June 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | (250,517 | ) | (275,568 | ) |

Tangible assets | 5 | 2,008,444 |  | 1,971,466 |  |

1,757,927 |  | 1,695,898 |  |

CURRENT ASSETS

Stocks | 36,412 |  | 38,681 |  |

Debtors | 6 | 48,230 |  | 38,748 |  |

Cash at bank | 617,706 |  | 566,164 |  |

702,348 |  | 643,593 |  |

CREDITORS

Amounts falling due within one year | 7 | 742,111 |  | 717,572 |  |

NET CURRENT LIABILITIES | (39,763 | ) | (73,979 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,718,164 |  | 1,621,919 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (112,261 | ) | (108,015 | ) |

PROVISIONS FOR LIABILITIES | (8,386 | ) | (6,293 | ) |

NET ASSETS | 1,597,517 |  | 1,507,611 |  |

RESERVES

Revaluation reserve | 10 | 845,674 |  | 845,674 |  |

Income and expenditure account | 751,843 |  | 661,937 |  |

1,597,517 |  | 1,507,611 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 21 January 2026 and were signed on its behalf by:

A G Rhodes - Director

Taunton & Pickeridge Golf Club Limited (Registered number: 09386981)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Taunton & Pickeridge 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.

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, unless otherwise stated within these accounting policies

| Turnover

| Turnover represents sales of golf club membership and golf club services including bar and food sales, excluding value added tax.Turnover is recognised in the period to which the membership relates, or in which services are provided. Membership subscriptions received in advance are included within creditors as subscriptions in advance.

| Goodwill

| Negative goodwill arose on the acquisition by the limited company of the golf club business, and represents the difference between the net book value of the assets and liabilities acquired and consideration paid of £Nil. Goodwill is being amortised evenly over 20 years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Equipment | - | 33% on cost, 20% on cost, 10% on reducing balance, 10% on cost and 5% on cost

| Land and Buildings have not been depreciated as the directors are of the opinion that the residual value is at least equal to the book value.

| Once complete, assets under construction are transferred to the relevant asset class and depreciated beginning the period after completion.

| Tangible fixed assets are held at cost. The company took advantage of the transitional provisions on adoption of FRS 102 and deemed previous valuations to be cost on transition.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Going concern

| Having considered the financial position of the company the Directors are of the opinion that there are no significant doubts about the ability of the company to continue to trade, and therefore the accounts have been prepared on a going concern basis. The balance sheet shows net liabilities at the balance sheet date, but this reflects the significant amount of Subscriptions Received in Advance which are included within short term creditors.

Taunton & Pickeridge Golf Club Limited (Registered number: 09386981)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Prior period adjustment

| Where differences or errors are identified in prior year financial statements these are adjusted in the next set of financial statements which are prepared as a prior period adjustment in accordance with FRS102.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 26 (2024 - 25 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | (501,027 | ) |

| AMORTISATION

| At 1 July 2024 | (225,459 | ) |

| Amortisation for year | (25,051 | ) |

| At 30 June 2025 | (250,510 | ) |

| NET BOOK VALUE

| At 30 June 2025 | (250,517 | ) |

| At 30 June 2024 | (275,568 | ) |

| Negative goodwill arose on the acquisition by the limited company of the golf club business in 2015 from the unincorporated club, and represents the difference between the net book value of the assets and liabilities acquired and the consideration paid of £Nil.

5. | TANGIBLE FIXED ASSETS

| Land & |

| Buildings |  | Equipment |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024 | 1,702,887 |  | 495,456 |  | 2,198,343 |  |

| Additions | - |  | 77,686 |  | 77,686 |  |

| At 30 June 2025 | 1,702,887 |  | 573,142 |  | 2,276,029 |  |

| DEPRECIATION

| At 1 July 2024 | - |  | 226,877 |  | 226,877 |  |

| Charge for year | - |  | 40,708 |  | 40,708 |  |

| At 30 June 2025 | - |  | 267,585 |  | 267,585 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,702,887 |  | 305,557 |  | 2,008,444 |  |

| At 30 June 2024 | 1,702,887 |  | 268,579 |  | 1,971,466 |  |

| The company applied the transitional arrangements of Section 35 of FRS 102 and used a previous valuation as the deemed cost on transition for land and buildings.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 2,929 |  | 9,087 |  |

| Prepayments and accrued income | 45,301 |  | 29,661 |  |

48,230 |  | 38,748 |  |

Taunton & Pickeridge Golf Club Limited (Registered number: 09386981)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Debentures | 800 |  | 800 |  |

| Bank loans and overdrafts | 21,459 |  | 20,383 |  |

| Hire purchase contracts | 32,105 |  | 22,354 |  |

| Trade creditors | 34,503 |  | 19,028 |  |

| Tax | 1,324 |  | 3,258 |  |

| Social security and other taxes | 13,530 |  | 13,883 |  |

| VAT | 11,444 |  | 10,555 |  |

| Other creditors | 85,846 |  | 92,784 |  |

| Subscriptions in advance | 529,474 |  | 510,920 |  |

| Accruals and deferred income | 11,626 |  | 23,607 |  |

742,111 |  | 717,572 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 11,972 |  | 20,877 |  |

| Bank loans - 2-5 years | 7,232 |  | 22,634 |  |

| Hire purchase contracts | 93,057 |  | 64,504 |  |

112,261 |  | 108,015 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 40,663 |  | 63,894 |  |

| Hire purchase contracts | 125,162 |  | 86,858 |  |

165,825 |  | 150,752 |  |

| Lloyds Bank PLC have a fixed charge on the company's freehold property and a floating charge by way of debenture over all the property or undertakings of the company.

| Hire purchase liabilities are secured over the assets to which they relate.

10. | RESERVES

| Revaluation

| reserve

£ |

| At 1 July 2024

| and 30 June 2025 | 845,674 |  |

11. | PRIOR PERIOD ADJUSTMENT

| During the year it was identified that discounts awarded to members for under-utilisation during Covid restrictions, which had been taken by way of bar credits, had not been accounted for correctly.

| The impact of this adjustment in the comparative period is to decrease turnover and increase amounts due to members as at 30 June 2024 by £6,628 respectively. The impact reduces net profit in the comparative period and therefore opening reserves at 1st July 2024 by £6,628 respectively.

| For discounts awarded prior to 1 July 2023, the impact of this adjustment is to decrease the profit and loss reserve and increase amounts due to members as at 1 July 2023 by £19,087 respectively. This adjustment reduces opening reserves at 1st July 2023 by £19,087.