REGISTERED NUMBER: 00527695 (England and Wales)

Financial Statements for the Year Ended 30 November 2025

for

The Cavendish Golf Club Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A J R McKinlay

Mrs C Campbell

L G Marshall

J Lowther

D Brindley

Mrs W Goldstraw

REGISTERED OFFICE:

The Cavendish Golf Club

Watford Road

Buxton

Derbyshire

SK17 6XF

REGISTERED NUMBER:

00527695 (England and Wales)

AUDITORS:

DLA Chartered Accountants

Statutory Auditors

36A Market Street

New Mills

High Peak

SK22 4AA

FIXED ASSETS

Tangible assets

4

1,729,694

1,725,295

CURRENT ASSETS

Debtors

5

20,676

22,446

Cash at bank and in hand

152,257

157,720

172,933

180,166

CREDITORS

Amounts falling due within one year

6

294,491

309,658

NET CURRENT LIABILITIES

(121,558

)

(129,492

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,608,136

1,595,803

CREDITORS

Amounts falling due after more than one year

7

(64,250

)

(92,735

)

PROVISIONS FOR LIABILITIES

(106,850

)

(106,850

)

NET ASSETS

1,437,036

1,396,218

RESERVES

Revaluation reserve

9

1,152,428

1,152,428

Income and expenditure account

284,608

243,790

1,437,036

1,396,218

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by:

A J R McKinlay - Director

L G Marshall - Director

1.	STATUTORY INFORMATION

The Cavendish Golf Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Members' subscriptions, green fees, franchise rent, buggy hire and other income is recognised in the period to which it relates.

Shop sales are recognised upon collection of the goods by customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost and/or valuation

Water Installation and Course Improvements

-

4% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Depreciation is not provided on freehold land as it is deemed to have an indefinite useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred taxation has been recognised on the revaluation gain on the freehold land and property, which represents the current obligation to pay tax in the future if the asset is sold.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme.

Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The accounts show net current liabilities of £121,558 at the balance sheet date, however, the directors have confirmed that they consider the company retains sufficient working capital to continue trading for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Water

Installation

and

Freehold

Course

Plant and

property

Improvements

machinery

£

£

£

COST OR VALUATION

At 1 December 2024

1,700,000

101,528

144,844

Additions

11,319

-

4,912

Disposals

-

-

(320

)

At 30 November 2025

1,711,319

101,528

149,436

DEPRECIATION

At 1 December 2024

-

101,528

130,953

Charge for year

12,000

-

5,746

Eliminated on disposal

-

-

(73

)

At 30 November 2025

12,000

101,528

136,626

NET BOOK VALUE

At 30 November 2025

1,699,319

-

12,810

At 30 November 2024

1,700,000

-

13,891

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST OR VALUATION

At 1 December 2024

36,545

23,709

2,006,626

Additions

-

9,877

26,108

Disposals

-

-

(320

)

At 30 November 2025

36,545

33,586

2,032,414

DEPRECIATION

At 1 December 2024

36,545

12,305

281,331

Charge for year

-

3,716

21,462

Eliminated on disposal

-

-

(73

)

At 30 November 2025

36,545

16,021

302,720

NET BOOK VALUE

At 30 November 2025

-

17,565

1,729,694

At 30 November 2024

-

11,404

1,725,295

Cost or valuation at 30 November 2025 is represented by:

Water

Installation

and

Freehold

Course

Plant and

property

Improvements

machinery

£

£

£

Valuation in 2021

1,170,719

-

-

Valuation in 2025

46,150

-

-

Cost

494,450

101,528

149,436

1,711,319

101,528

149,436

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Valuation in 2021

-

-

1,170,719

Valuation in 2025

-

-

46,150

Cost

36,545

33,586

815,545

36,545

33,586

2,032,414

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.11.25

30.11.24

£

£

Cost

494,450

483,131

Freehold land and buildings were valued on an open market basis on 9 April 2025 by Jonathan V. Davies Chartered Surveyors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

3,935

3,886

Other debtors

5,054

5,810

VAT

818

1,330

Prepayments and accrued income

10,869

11,420

20,676

22,446

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

5,303

10,000

Trade creditors

35,415

37,778

Tax

3,159

2,687

Social security and other taxes

6,622

3,308

Other creditors

41,080

44,564

Broken Cross Club loan

250

3,000

Member loans

19,232

24,550

Accrued expenses

93,621

103,643

Fees received in advance

89,809

80,128

294,491

309,658

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans - 1-5 years

-

5,653

Fees in advance

8,000

11,350

Broken Cross Loan

-

250

Member loans

56,250

75,482

64,250

92,735

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.11.25

30.11.24

£

£

Within one year

61,336

61,336

Between one and five years

93,605

153,701

In more than five years

-

1,240

154,941

216,277

9.

RESERVES

Revaluation

reserve

£

At 1 December 2024

and 30 November 2025

1,152,428

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Lee (Senior Statutory Auditor)

for and on behalf of DLA Chartered Accountants

11.	COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee. The members' liability in this respect is limited to 25p.