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# TANDRIDGE GOLF CLUB LIMITED

## Company limited by guarantee

## Company Registration Number:
15010061 (England and Wales)

## Unaudited statutory accounts for the year ended 30 September 2025

## Period of accounts

## Start date: 1 October 2024

## End date: 30 September 2025

# TANDRIDGE GOLF CLUB LIMITED

## Contents of the Financial Statements

for the Period Ended 30 September 2025

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# TANDRIDGE GOLF CLUB LIMITED

Directors' report period ended 30 September 2025

The directors present their report with the financial statements of the company for the period ended 30 September 2025

Principal activities of the company

DIRECTORS' REPORT The directors present their annual report and financial statements for the year ended 30 September 2025. Principal activities The principal activity of the company continued to be the provision of all necessary facilities for the playing and enjoyment of the game of golf by members and guests of Tandridge Golf Club. Directors The directors who held office during the year and up to the date of signature of the financial statements were as follows: Stephen John Davies Stuart Shepley - Appointed December 7, 2024 David John Smith - Resigned December 7, 2024 Peter Allington - Resigned December 7, 2024 Chris Donegan - Appointed December 7, 2024 David Anthony Bersey Hughes Sian Johnson Graham King Gregory Charles Meekings - Resigned December 7, 2024 Nic Poland - Appointed December 7, 2024 Statement of directors' responsibilities The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations. 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 then 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. Statement of disclosure to auditor So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information. Small companies exemption This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Directors

The directors shown below have held office during the whole of the period from
1 October 2024 to 30 September 2025

Stephen John Davies
David Anthony Bersey Hughes
Sian Johnson
Graham King

The directors shown below have held office during the period of
1 October 2024 to 7 December 2024

David John Smith
Peter Allington
Gregory Charles Meekings

The directors shown below have held office during the period of
7 December 2024 to 30 September 2025

Stuart Shepley
Christopher Donegan
Nic Poland

Secretary Sian Johnson

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
19 November 2025

And signed on behalf of the board by:
Name: Stephen John Davies
Status: Director

# TANDRIDGE GOLF CLUB LIMITED

## Profit And Loss Account

for the Period Ended 30 September 2025

| 2025 | 14 months to 30 September 2024
--- | --- | ---
| £ | £
Turnover: | 3,738,996 | 2,790,388
Cost of sales: | ( 1,782,639 ) | ( 1,746,081 )
Gross profit(or loss): | 1,956,357 | 1,044,307
Administrative expenses: | ( 1,285,031 ) | ( 1,162,778 )
Operating profit(or loss): | 671,326 | (118,471)
Profit(or loss) before tax: | 671,326 | (118,471)
Tax: | ( 9,375 ) | ( 9,492 )
Profit(or loss) for the financial year: | 661,951 | (127,963)

# TANDRIDGE GOLF CLUB LIMITED

## Balance sheet

As at 30 September 2025

| Notes | 2025 | 14 months to 30 September 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 2,351,175 | 1,933,450
Total fixed assets: |  | 2,351,175 | 1,933,450
Current assets
Stocks: | 4 | 57,153 | 71,020
Debtors: | 5 | 100,872 | 92,468
Cash at bank and in hand: |  | 434,603 | 327,130
Total current assets: |  | 592,628 | 490,618
Creditors: amounts falling due within one year: | 6 | ( 351,404 ) | ( 532,702 )
Net current assets (liabilities): |  | 241,224 | (42,084)
Total assets less current liabilities: |  | 2,592,399 | 1,891,366
Creditors: amounts falling due after more than one year: | 7 | ( 928,967 ) | ( 838,220 )
Accruals and deferred income: |  | ( 63,450 ) | ( 73,528 )
Total net assets (liabilities): |  | 1,599,982 | 979,618
Members' funds
Profit and loss account: |  | 1,599,982 | 979,618
Total members' funds: |  | 1,599,982 | 979,618

The notes form part of these financial statements

# TANDRIDGE GOLF CLUB LIMITED

## Balance sheet statements

For the year ending 30 September 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 19 November 2025
and signed on behalf of the board by:

Name: Stephen John Davies
Status: Director

The notes form part of these financial statements

# TANDRIDGE GOLF CLUB LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Tangible fixed assets depreciation policy

  Tangible fixed assets are measured at cost less accumulated depreciation and accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows. Freehold land - Nil Freehold buildings 5percent straight line p.a. Course improvements including irrigation system 10percent straight line p.a. Vehicles and course machinery 20percent straight line p.a. Furniture and equipment 20percent straight line p.a. At each reporting date, tangible fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount, if there is an recoverable amount lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recongised immediately in the income and expenditure account. If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of impairment is recognised immediately in the income and expenditure account.

  Other accounting policies

  Stocks Stocks are stated at the lower of cost and net realisable value, being the estimated selling prices less costs to complete and sell. Cost is based on the cost of purchase and any freight or duty charges incurred on an average cost basis. At each balance sheet date, stocks are assessed for impairment. If stock is impaired the carrying amount is reduced to its selling prices less costs to complete and sell. The impairment loss is recognised immediately in the income and expenditure account. Stocks Stocks are stated at the lower of cost and net realisable value, being the estimated selling prices less costs to complete and sell. Cost is based on the cost of purchase and any freight or duty charges incurred on an average cost basis. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling prices less costs to complete and sell. The impairment loss is recognised immediately in the income and expenditure account. 2. Accounting policies (continued) Trade and other receivables Trade and other receivables are measured at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest. Loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest method less any impairment. Cash and cash equivalents Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the consolidated cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts. Trade and other payables Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at the prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method. Leases Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Rentals payable under operating leases are charged to the income and expenditure account on a straight-line basis over the lease term. The aggregate benefit of lease incentives are recognised as a reduction to the expense recognised over the lease term on a straight-line basis. Employee benefits Short-term employee benefits and contributions to defined contribution pension schemes are recognised as an expense in the period in which they are incurred. Income Income is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Income is the total receivable by the Company for subscriptions and services provided during the year. Interest income Interest income is recognised in the income and expenditure account using the effective interest method. Taxation Current tax is recognised on its investment income, capital gains and profits derived from non Members. This includes rental income and bank interest Deferred tax Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against future taxable profits or against the reversal of deferred tax liabilities. Deferred tax relating to a non-depreciable asset that is measured using the revaluation model, or to investment properties measured at fair value, is measured using the tax rates and allowances that apply to the sale of the asset. Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

# TANDRIDGE GOLF CLUB LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

- ## 2. Employees

  | 2025 | 14 months to 30 September 2024
  --- | --- | ---
  Average number of employees during the period | 39 | 49

# TANDRIDGE GOLF CLUB LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 October 2024 | 638,286 | 2,812,852 | 435,167 |  |  | 3,886,305
Additions | 0 | 756,313 | 37,184 |  |  | 793,497
Disposals |  |  | ( 46,242 ) |  |  | ( 46,242 )
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 30 September 2025 | 638,286 | 3,569,165 | 426,109 |  |  | 4,633,560
Depreciation |  |  |  |  |  |
At 1 October 2024 | 260,383 | 1,386,318 | 306,154 |  |  | 1,952,855
Charge for year | 19,695 | 310,507 | 45,570 |  |  | 375,772
On disposals |  | ( 46,242 ) |  |  |  | ( 46,242 )
Other adjustments |  |  |  |  |  |
At 30 September 2025 | 280,078 | 1,650,583 | 351,724 |  |  | 2,282,385
Net book value |  |  |  |  |  |
At 30 September 2025 | 358,208 | 1,918,582 | 74,385 |  |  | 2,351,175
At 30 September 2024 | 377,903 | 1,426,534 | 129,013 |  |  | 1,933,450

# TANDRIDGE GOLF CLUB LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 4. Stocks

| 2025 | 14 months to 30 September 2024
--- | --- | ---
| £ | £
Stocks | 57,153 | 71,020
Total | 57,153 | 71,020

# TANDRIDGE GOLF CLUB LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 5. Debtors

| 2025 | 14 months to 30 September 2024
--- | --- | ---
| £ | £
Trade debtors | 50,961 | 40,535
Prepayments and accrued income | 49,911 | 51,933
Total | 100,872 | 92,468

# TANDRIDGE GOLF CLUB LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 6. Creditors: amounts falling due within one year note

| 2025 | 14 months to 30 September 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts |  | 0
Amounts due under finance leases and hire purchase contracts | 31,372 | 32,816
Trade creditors | 35,512 | 10,858
Taxation and social security | 8,526 | 9,492
Accruals and deferred income | 121,242 | 214,267
Other creditors | 154,752 | 265,269
Total | 351,404 | 532,702

# TANDRIDGE GOLF CLUB LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 7. Creditors: amounts falling due after more than one year note

| 2025 | 14 months to 30 September 2024
--- | --- | ---
| £ | £
Amounts due under finance leases and hire purchase contracts | 62,970 | 37,698
Other creditors | 865,997 | 800,522
Total | 928,967 | 838,220

# TANDRIDGE GOLF CLUB LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 8. Financial Commitments

Finance lease payments represent rentals payable by the company to the lessor. The average lease term is 6 years. All leases are on a fixed repayment basis. 764 Irrigation Bonds of £1,000 each, unsecured and carrying an interest rate of 2.5% per annum, were issued in September 2022 to Members of the Club. A further 5 bonds were issued in October 2022. The bonds are repayable in instalments from September 2025 to September 2032.In June 2025, a request to defer the bond repayments from September 2027 to September 2032 was requested, as agreed by most bondholders. All bonds that have been defered have an increased interest rate of 3.5%. 142 Irrigation Bonds of £1,000 each, unsecured and carrying an interest rate of 4.75% per annum, were issued in February 2024 to Members of the Club. The bonds are repayable in instalments from September 2025 to September 2032. In June 2025, a request to defer the bond repayments from September 2027 to September 2032 was requested, as agreed by most bondholders. All bonds that have been defered have an increased interest rate of 5.75%.