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Registration number: 09864355

Enmore Park Golf Club Limited
(A company limited by guarantee)
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Enmore Park Golf Club Limited

Contents

Statement of Directors' Responsibilities | 1
Statement of Financial Position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 12

Enmore Park Golf Club Limited

Statement of Directors' Responsibilities

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:

• | select suitable accounting policies and apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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 3 April 2026 and signed on its behalf by:

Mr D Russell Director

Enmore Park Golf Club Limited

(Registration number: 09864355)
Statement of Financial Position as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,595,704 | 1,361,128
Current assets |  |  |
Stocks |  | 27,754 | 28,246
Debtors | 5 | 33,830 | 26,308
Cash at bank and in hand |  | 172,129 | 264,857
|  | 233,713 | 319,411
Creditors: Amounts falling due within one year | 6 | (385,878) | (417,678)
Net current liabilities |  | (152,165) | (98,267)
Total assets less current liabilities |  | 1,443,539 | 1,262,861
Creditors: Amounts falling due after more than one year | 6 | (295,152) | (119,462)
Provisions for liabilities |  | (38,393) | (20,898)
Net assets |  | 1,109,994 | 1,122,501
Reserves |  |  |
Other reserves |  | 900,632 | 900,632
Profit and loss account |  | 209,362 | 221,869
Surplus |  | 1,109,994 | 1,122,501

For the financial year ending 31 December 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 Statement of Comprehensive Income.

Enmore Park Golf Club Limited

(Registration number: 09864355)
Statement of Financial Position as at 31 December 2025 (continued)

Approved and authorised by the Board on 3 April 2026 and signed on its behalf by:

Mr D Russell Director

Enmore Park Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a company limited by guarantee, incorporated in England , and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of it being wound up while they are a member, or within one year after they cease to be a member.

The address of its registered office is:
Enmore Park Golf Club
Enmore
Bridgwater
Somerset
TA5 2AN

Principal activity

The principal activity of the company is providing golf facilities to members.

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Enmore Park Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Going concern

The Directors have considered the following when deciding to present these accounts on a going concern basis:
- the cash in the club’s bank accounts on 31 December 2025 totalled £172,129
- green fee income has increased
- the bar and catering facility is profitable
After considering the above factors, the Directors believe it is appropriate to prepare the financial statements on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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 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.

Enmore Park Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Tax

The tax expense for the period comprises deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

Enmore Park Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold property | 2.5% - 10% Straight line
Plant and machinery | 7.5%-15% Straight line
Fixtures and fittings | 15%-33% Straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Enmore Park Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

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 statement of comprehensive income 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.

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 statement of financial position as a finance lease obligation.
Lease payments are apportioned between finance costs in the statement of comprehensive income and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 26 (2024 - 27).

Enmore Park Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

4 | Tangible assets

| Freehold property £ | Fixtures and fittings £ | Plant and machinery £ | Total £
Cost or valuation
At 1 January 2025 | 1,514,663 | 204,924 | 914,754 | 2,634,341
Additions | - | 11,201 | 382,550 | 393,751
Disposals | (42,385) | (26,130) | (76,868) | (145,383)
At 31 December 2025 | 1,472,278 | 189,995 | 1,220,436 | 2,882,709
Depreciation
At 1 January 2025 | 618,513 | 162,873 | 491,827 | 1,273,213
Charge for the year | 29,216 | 7,577 | 74,124 | 110,917
Eliminated on disposal | (2,927) | (18,658) | (75,540) | (97,125)
At 31 December 2025 | 644,802 | 151,792 | 490,411 | 1,287,005
Carrying amount
At 31 December 2025 | 827,476 | 38,203 | 730,025 | 1,595,704
At 31 December 2024 | 896,150 | 42,051 | 422,927 | 1,361,128

Freehold property includes land with a historical cost of £350,545 (2024: £386,498) which is not depreciated because it has an indefinite useful life and a value in excess of cost.
HSBC hold a legal charge over the freehold property. They also hold a First Legal Mortgage over the freehold property in connection with a loan.
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets is £177,980 (2024: £214,647).

Enmore Park Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 11,220 | 6,528
Prepayments | 22,610 | 19,780
| 33,830 | 26,308

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 66,879 | 49,626
Trade creditors |  | 16,978 | 36,970
Taxation and social security |  | 11,864 | 7,581
Accruals and deferred income |  | 176,665 | 173,496
Other creditors |  | 113,492 | 150,005
|  | 385,878 | 417,678

Creditors include bank loans which are secured of £15,775 (2024 - £nil) falling due within one year.

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 295,152 | 119,462

Creditors include bank loans which are secured of £191,960 (2024 - £nil) falling due after more than one year.

Creditors include bank loans repayable by instalments of £117 771 (2024 - £nil) due after more than five years.

Enmore Park Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

7 | Grant income

| 2025 £ | 2024 £
Grant income
Recognised in other operating income: |  |
Grant income | 5,965 | 2,085
| 5,965 | 2,085
Recognised in accruals and deferred income: |  |
Deferred income - grants | - | 5,965
| - | 5,965

Grants recognised in other operating income

The company was the recipient of grants from the England Golf Union and Somerset Golf Union grants. The total funds recognised on an accruals basis during the year was £5,965 (2024: £2,085).

8 | Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.
Other reserves - This account records the net assets incorporated from Enmore Park Golf Club.

Enmore Park Golf Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 191,690 | 7,906
Hire purchase contracts | 103,462 | 111,556
| 295,152 | 119,462

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 23,680 | 10,310
Hire purchase contracts | 43,199 | 39,316
| 66,879 | 49,626