Malton & Norton Golf Club Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 10584146

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,835,947		1,819,834

			1,835,947		1,819,834
CURRENT ASSETS
Stocks	5	25,205		20,464
Debtors	6	36,487		26,865
Cash at bank and in hand		81,548		54,404

		143,240		101,733
Creditors: Amounts Falling Due Within One Year	7	(457,743 )		(373,337 )

NET CURRENT ASSETS (LIABILITIES)			(314,503 )		(271,604 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,521,444		1,548,230

Creditors: Amounts Falling Due After More Than One Year	8		(224,792 )		(284,661 )

NET ASSETS			1,296,652		1,263,569

RESERVES
Other reserves			1,063,418		1,063,418
Fair value reserve	11		154,394		154,394
Income and Expenditure Account			78,840		45,757

MEMBERS' FUNDS			1,296,652		1,263,569

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Malton & Norton Golf Club Ltd

Balance Sheet (continued)

As At 31 December 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr J R Brown

Director

13 April 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Malton & Norton Golf Club Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 10584146 . The registered office is Malton & Norton Golf Club Welham Park, Norton, Malton, North Yorkshire, YO17 9QE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%, 2% on cost, 25% RB, 2% RB, 20% RB
Plant & Machinery	20% RB and 10% on cost
Fixtures & Fittings	20% RB

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income and expenditure account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income and expenditure account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the Income and Expenditure Account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 12)

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Malton & Norton Golf Club Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2025	1,912,144	868,663	214,996	2,995,803
Additions	20,480	112,738	495	133,713
Disposals	-	(46,120 )	-	(46,120 )

As at 31 December 2025	1,932,624	935,281	215,491	3,083,396

Depreciation
As at 1 January 2025	613,850	356,110	206,009	1,175,969
Provided during the period	27,143	85,703	2,571	115,417
Disposals	-	(43,937 )	-	(43,937 )

As at 31 December 2025	640,993	397,876	208,580	1,247,449

Net Book Value
As at 31 December 2025	1,291,631	537,405	6,911	1,835,947

As at 1 January 2025	1,298,294	512,553	8,987	1,819,834

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	446,669	414,372

5. Stocks

	2025	2024
	£	£
Stock	25,205	20,464

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	8,226	4,169
Other debtors	28,261	22,696

	36,487	26,865

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Malton & Norton Golf Club Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	110,731	85,781
Trade creditors	19,175	15,412
Bank loans and overdrafts	7,000	5,760
Other creditors	308,027	257,349
Taxation and social security	12,810	9,035

	457,743	373,337

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	175,602	227,658
Bank loans	49,190	57,003

	224,792	284,661

9. Secured Creditors

Obligations under finance leases and hire purchase contracts are secured by a fixed and floating charge over the company's assets.

Bank loans and overdrafts are secured by a fixed and floating charge over all assets of the company dated 19 January 2018.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	286,332	313,438
Bank loans and overdrafts	56,191	62,763

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	110,731	85,781
Later than one year and not later than five years	175,602	227,658

	286,333	313,439

	286,333	313,439

11. Reserves

	Fair Value Reserve
	£
As at 1 January 2025	154,394

As at 31 December 2025	154,394

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Malton & Norton Golf Club Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

12. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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