Company registration number 02600035 (England and Wales)
EATON GOLF CLUB LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
EATON GOLF CLUB LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 9
EATON GOLF CLUB LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,755,919
1,702,105
Investments
5
637
375
1,756,556
1,702,480
Current assets
Stocks
6
3,922
3,477
Debtors
7
14,201
19,607
Cash at bank and in hand
653,326
564,265
671,449
587,349
Creditors: amounts falling due within one year
8
(389,377)
(340,409)
Net current assets
282,072
246,940
Net assets
2,038,628
1,949,420
Capital and reserves
Called up share capital
9
1,505,000
1,505,000
Share premium account
88,250
88,250
Other reserves
637
375
Profit and loss reserves
10
444,741
355,795
Total equity
2,038,628
1,949,420

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 profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 February 2026 and are signed on its behalf by:
D Jones
Director
Company registration number 02600035 (England and Wales)
EATON GOLF CLUB LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Share capital
Share premium account
Fair value reserve
Profit and loss reserves
Total
£
£
£
£
£
Balance at 1 January 2024
1,505,000
88,250
330
297,087
1,890,667
Year ended 31 December 2024:
Profit and total comprehensive income
-
-
-
58,708
58,708
Other movements
-
-
45
-
45
Balance at 31 December 2024
1,505,000
88,250
375
355,795
1,949,420
Year ended 31 December 2025:
Profit and total comprehensive income
-
-
-
88,946
88,946
Other movements
-
-
262
-
262
Balance at 31 December 2025
1,505,000
88,250
637
444,741
2,038,628
EATON GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Eaton Golf Club Limited is a private company limited by shares incorporated in England and Wales. The registered office is Guy Lane, Waverton, Chester, Cheshire, CH3 7PH.

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.

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
Turnover

Turnover represents member subscriptions, green fees, bar sales and other related income and is shown net of value added tax and other sales related taxes where applicable.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
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:

Golf Course (long leasehold)
Between 1 and 2% on cost allowing for residual value
Clubhouse (long leasehold)
Between 1 and 2% on cost allowing for residual value
Plant & machinery
between 10% & 16% on cost
Fixtures and fittings
between 10% & 33% on cost

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 profit or loss.

1.4
Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

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 net realisable value. Cost is computed on a first in first out basis. Net realisable value is based on estimated selling price less the estimated cost of disposal.

EATON GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
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 balance sheet 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
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

EATON GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
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
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

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.

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.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Determining residual values and useful economic lives of tangible fixed assets

The company depreciates tangible fixed assets over their estimated useful lives based on historic performance. The actual lives can vary. Judgement is applied also in the residual values of tangible fixed assets. When determining the residual value the directors aim to assess the amount that the asset would currently obtain if the asset were disposed, using market prices where possible.

3
Employees

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

2025
2024
Number
Number
13
14
EATON GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
4
Tangible fixed assets
Golf Course (long leasehold)
Clubhouse (long leasehold)
Plant & machinery
Fixtures and fittings
Total
£
£
£
£
£
Cost
At 1 January 2025
1,286,928
500,116
715,071
455,225
2,957,340
Additions
17,763
-
0
24,847
113,004
155,614
Disposals
-
0
-
0
(3,549)
(44,537)
(48,086)
At 31 December 2025
1,304,691
500,116
736,369
523,692
3,064,868
Depreciation and impairment
At 1 January 2025
362,607
157,583
504,725
230,320
1,255,235
Depreciation charged in the year
14,221
5,001
44,604
37,974
101,800
Eliminated in respect of disposals
-
0
-
0
(3,549)
(44,537)
(48,086)
At 31 December 2025
376,828
162,584
545,780
223,757
1,308,949
Carrying amount
At 31 December 2025
927,863
337,532
190,589
299,935
1,755,919
At 31 December 2024
924,321
342,533
210,346
224,905
1,702,105
5
Fixed asset investments
2025
2024
£
£
Listed investments
637
375

Fixed asset investments revalued

The company owns 691 shares in the Lloyds Bank Group which were acquired at a cost of £0.25. These listed investments are non-convertible ordinary shares, listed on the London Stock Exchange and measured at fair value, the quoted market price amounted to £637 at 31 December 202 5 (202 4: £3 75).

Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 January 2025
375
Valuation changes
262
At 31 December 2025
637
Carrying amount
At 31 December 2025
637
At 31 December 2024
375
EATON GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
6
Stocks
2025
2024
£
£
Raw materials and consumables
3,922
3,477
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
3,803
2,589
Prepayments and accrued income
10,398
17,018
14,201
19,607
8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
29,542
32,864
Subscriptions in advance
237,874
199,089
Taxation and social security
12,354
10,125
Other creditors
43,837
40,171
Accruals and deferred income
65,770
58,160
389,377
340,409
9
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share capital of £1000 each
1,505
1,505
1,505,000
1,505,000
10
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
355,795
297,087
Adjusted balance
355,795
297,087
Profit for the year
88,946
58,708
At the end of the year
444,741
355,795
EATON GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
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:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit 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:
Stephanie Baker BA(Hons) ACA
Statutory Auditor:
Xeinadin Audit Limited
Date of audit report:
24 February 2026
EATON GOLF CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
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, which fall due as follows:

2025
2024
£
£
Within 1 year
49,378
58,933
Years 2-5
154,994
211,159
After 5 years
2,525,900
2,488,200
2,730,272
2,758,292

In August 1991 the company entered into a 105 year lease for the land on the south side of Guy Lane, Waverton, Chester (CH3 7PH). Whilst the aggregate commitment appears significant, approximately £2.65m of the total relates to the property lease which expires in 2096.

13
Capital commitments

Amounts contracted for but not provided in the financial statements:

2025
2024
£
£
Acquisition of tangible fixed assets
-
4,415
14
Related party transactions

Due to the wide range of membership it is inevitable that transactions will take place with organisations in which a member may have an interest. All transactions involving such organisations are conducted at arms length.

15
Ultimate controlling party

There is no ultimate controlling party. All members who hold shares within the company have one voting right.

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