Company registration number 567582 (England and Wales)
THE WALMLEY GOLF CLUB (WYLDE GREEN) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
THE WALMLEY GOLF CLUB (WYLDE GREEN) LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 8
THE WALMLEY GOLF CLUB (WYLDE GREEN) LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,839,174
1,897,993
Current assets
Stocks
9,740
8,716
Debtors
5
176,000
71,779
Cash at bank and in hand
468,587
636,596
654,327
717,091
Creditors: amounts falling due within one year
6
(849,702)
(873,937)
Net current liabilities
(195,375)
(156,846)
Total assets less current liabilities
1,643,799
1,741,147
Creditors: amounts falling due after more than one year
7
(886,649)
(963,390)
Net assets
757,150
777,757
Reserves
Income and expenditure account
10
757,150
777,757
Total members' funds
757,150
777,757

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 December 2025 and are signed on its behalf by:
Mr S Ward
Director
Company registration number 567582 (England and Wales)
THE WALMLEY GOLF CLUB (WYLDE GREEN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

The Walmley Golf Club (Wylde Green) Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Brooks Road, Wylde Green, Sutton Coldfield, Warwickshire, B72 1HR.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

Expenses include VAT where applicable as the company cannot reclaim it.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% Straight Line
Plant and equipment
20% Straight Line
Fixtures and fittings
12.5% - 25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price.

THE WALMLEY GOLF CLUB (WYLDE GREEN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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. A m ounts 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.

1.9
Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

THE WALMLEY GOLF CLUB (WYLDE GREEN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Leases
As lessee

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

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.12

Building fund transfer

In order to repay the bank loan and the members' loans, the element of subscriptions relating to the 8%, 7% and 7% subscription increases in 2021, 2022 and 2023 would be earmarked each year for up to 15 years as part of the transfer to the building fund and all loan interest and capital repayments would be made from that fund until all loans from the bank and members were extinguished. Any other benefits and costs related to the building fund i.e. interest earned, bank charges paid or donations to the fund, would be earmarked for the Building Fund and not be used to fund the operational needs of the Club.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE WALMLEY GOLF CLUB (WYLDE GREEN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
30
28
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 October 2024
1,844,622
625,127
369,558
2,839,307
Additions
-
0
30,800
19,020
49,820
Disposals
-
0
(130,156)
-
0
(130,156)
At 30 September 2025
1,844,622
525,771
388,578
2,758,971
Depreciation and impairment
At 1 October 2024
119,714
554,895
266,705
941,314
Depreciation charged in the year
36,890
25,460
22,834
85,184
Eliminated in respect of disposals
-
0
(106,701)
-
0
(106,701)
At 30 September 2025
156,604
473,654
289,539
919,797
Carrying amount
At 30 September 2025
1,688,018
52,117
99,039
1,839,174
At 30 September 2024
1,724,908
70,232
102,853
1,897,993
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Service charges due
4,351
4,801
Other debtors
171,649
66,978
176,000
71,779
THE WALMLEY GOLF CLUB (WYLDE GREEN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
24,674
24,616
Trade creditors
43,567
64,346
Corporation tax
7,020
186
Other taxation and social security
24,923
19,682
Other creditors
749,518
765,107
849,702
873,937

The bank loans are secured by a fixed and floating charge over the assets of the company.

Amounts due under finance leases and hire purchase contracts are secured against the assets which they relate to.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
432,469
457,120
Other creditors
454,180
506,270
886,649
963,390

The bank loans are secured by a fixed and floating charge over the assets of the company.

Amounts due under finance leases and hire purchase contracts are secured against the assets which they relate to.

8
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of 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 not exceeding £10.

THE WALMLEY GOLF CLUB (WYLDE GREEN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 7 -
9
Building fund reserve

The General Committee has created a Building Fund Reserve which under company law cannot be separated from the statutory reserves.

| 2025 |  | 2024 |  |  |  |
| £ |  | £ |  |  |  |
Subscription income | 112,881 |  | 115,042 |  |  |  |
Members donations | - |  | 2,779 |  |  |  |
Bank interest received | 1,614 |  | 857 |  |  |  |
Bank loan interest | (31,194) |  | (34,625) |  |  |  |
Members' rewards | (26,375) |  | (28,025) |  |  |  |
Bank charges | (102) |  | (229) |  |  |  |
Transfer to building reserve fund | 56,824 |  | 55,799 |  |  |  |
| Income and expenditure account |  | Building reserve fund |  | Total 2025 |  | Total 2024
| £ |  | £ |  | £ |  | £
As at 1 October 2024 | 115,484 |  | 662,273 |  | 777,757 |  | 787,001
Deficit for the year | (20,607) |  | - |  | (20,607) |  | (9,244)
Transfer in to building reserve fund | (56,824) |  | 56,824 |  | - |  | -
As at 30 September 2025 | 38,053 |  | 719,097 |  | 757,150 |  | 777,757

10
Income and expenditure account
2025
2024
£
£
At the beginning of the year
777,757
787,001
Adjusted balance
777,757
787,001
Deficit for the year
(20,607)
(9,244)
At the end of the year
757,150
777,757
11
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

THE WALMLEY GOLF CLUB (WYLDE GREEN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
11
Audit report information
(Continued)
- 8 -
Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its deficit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Stuart Penfold
Statutory Auditor:
Haslehursts Limited
Date of audit report:
28 December 2025
12
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
86,989
159,969
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