Abbeydale Golf Club Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00381885

Abbeydale Golf Club Limited

Company Limited by Guarantee

Filleted Financial Statements

31 December 2025

Abbeydale Golf Club Limited

Company Limited by Guarantee

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	8	1,556,600	1,184,996

Current assets

Stocks		14,352	12,060
Debtors	9	21,842	12,669
Investments	10	860	860
Cash at bank and in hand		774,634	568,558
		---------	---------
		811,688	594,147

Creditors: amounts falling due within one year	11	1,164,259	945,217
		------------	---------
Net current liabilities		352,571	351,070
		------------	------------
Total assets less current liabilities		1,204,029	833,926

Creditors: amounts falling due after more than one year	12	525,571	261,387
		------------	---------
Net assets		678,458	572,539
		------------	---------

Capital and reserves

Profit and loss account	678,458	572,539
	---------	---------
Members funds	678,458	572,539
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 23 April 2026 , and are signed on behalf of the board by:

Mr S M Brosnan

Director

Company registration number: 00381885

Abbeydale Golf Club Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Twentywell Lane, Dore, Sheffield, S17 4QA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

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" ("FRS102") 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. Due to the special circumstances of the company, the directors have departed from the provisions of FRS 102 section 1A with regard to the content of the profit and loss account in order that the financial statements give a true and fair view. Costs in relation to bar and catering have been offset against income of the same nature as detailed in note 5 of the accounts. The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

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. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below .

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from memberships is recognised over the term of the membership. Income received in advance is deferred and released over the period to which it relates.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and carrying value of the asset, and is credited or charged to profit or loss. Land and buildings are not depreciated due to residual value not being less than net book value.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Course equipment	-	5-7 years
Greenkeeper and machinery huts	-	15-25 years
Clubhouse equipment	-	5-20 years

No depreciation is charged in respect of land and buildings.

Impairment of fixed assets

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. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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. 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 payments 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. Amounts 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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Company limited by guarantee

The company is a private company limited by guarantee 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 liquidation.

5. Net profit on bar and catering

		2025	2024
		£	£

Bar account

Sales	272,085	252,055
Cost of sales	(92,930)	(96,380)

	---------	---------
Gross profit	179,155	155,675
Wages	(160,458)	(133,584)
Correction - Cash card creditor	–	(16,150)

	---------	---------
Surplus/(deficit) in the year	18,697	5,941
	---------	---------

		2025	2024
		£	£

Catering account

Sales	261,466	232,963
Cost of sales	(99,854)	(92,774)

	---------	---------
Gross profit	161,612	140,189
Wages	(142,423)	(127,834)
Correction - Cash card creditor	–	(16,150)

	---------	---------
Surplus/(deficit) in year	19,189	(3,795)
	---------	---------

	Total	37,886	2,146

6. Employee numbers

The average number of persons employed by the company during the year amounted to 36 (2024: 32 ).

7. Cash at bank and in hand

Cash at bank and in hand can be analysed as follows:

	2025	2024
	£	£
Money relating to subscriptions in advance	870,063	724,645
Bank balance relating to current year	(95,429)	(156,087)
	---------	---------
	774,634	568,558
	---------	---------

8. Tangible assets

	Freehold property	Course Equipment	Greenkeeper & machinery huts	Club house equipment and refurbishment	Total
	£	£	£	£	£
Cost
At 1 January 2025	599,610	1,051,683	180,796	798,224	2,630,313
Additions	333,659	130,295	–	1,099	465,053
Disposals	–	( 41,820)	–	–	( 41,820)
	---------	------------	---------	---------	------------
At 31 December 2025	933,269	1,140,158	180,796	799,323	3,053,546
	---------	------------	---------	---------	------------
Depreciation
At 1 January 2025	–	744,456	180,796	520,065	1,445,317
Charge for the year	–	69,777	–	22,677	92,454
Disposals	–	( 40,825)	–	–	( 40,825)
	---------	------------	---------	---------	------------
At 31 December 2025	–	773,408	180,796	542,742	1,496,946
	---------	------------	---------	---------	------------
Carrying amount
At 31 December 2025	933,269	366,750	–	256,581	1,556,600
	---------	------------	---------	---------	------------
At 31 December 2024	599,610	307,227	–	278,159	1,184,996
	---------	------------	---------	---------	------------

9. Debtors

	2025	2024
	£	£
Other debtors	21,842	12,669
	--------	--------

10. Investments

	2025	2024
	£	£
Other investments	860	860
	----	----

Market valuation of listed investments was £1,733 (2024: £1,459).

11. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	22,210	36,846
Subscriptions in advance	870,063	724,645
Accruals and deferred income	98,007	64,590
Corporation tax	890	–
Social security and other taxes	14,594	5,387
Obligations under finance leases and hire purchase contracts	65,886	43,732
Members loans	44,333	–
Other creditors	48,276	70,017
	------------	---------
	1,164,259	945,217
	------------	---------

Included above are obligations under finance leases amounting to £65,886 (2024: £43,732). Obligations under finance leases are secured on the assets to which they relate. Bank loans are secured by charges over Abbeydale Golf Club, Beauchief Park, Dore as granted by Abbeydale Golf Club Limited . Included within creditors are loans from members of the club. These loans are unsecured and have been provided to support the club’s operations and development. During the year, funds advanced by members were used to finance the acquisition of a car park, which is included within freehold property in these financial statements.

12. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	78,045	100,255
Obligations under finance leases and hire purchase contracts	217,192	161,132
Members loans	138,667	–
Subscriptions in advance	91,667	–
	---------	---------
	525,571	261,387
	---------	---------

Included above are obligations under finance leases of £217,192 (2024: £161,132). Obligations under finance leases are secured on the assets to which they relate. Bank loans are secured by charges over Abbeydale Golf Club, Beauchief Park, Dore as granted by Abbeydale Golf Club Limited. Included within creditors are loans from members of the club. These loans are unsecured and have been provided to support the club’s operations and development. During the year, funds advanced by members were used to finance the acquisition of a car park, which is included within freehold property in these financial statements.

13. Summary audit opinion

The auditor's report dated 24 April 2026 was unqualified .

The senior statutory auditor was Richard Murdoch BA (Hons) FCA , for and on behalf of Hebblethwaites .