REGISTERED NUMBER: 00170373 (England and Wales)

Hesketh Golf Club Limited

Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs M M Switzer

Mr M B Kamel

Mr D Harrison

Mr R A Sinclair

Mr G L Bayliss

Mr P J Rosenthal

Mr S B Patel

Mr R C Hick

SECRETARY:

Mr M L Edge

REGISTERED OFFICE:

Cockle Dicks Lane

Off Cambridge Road

Southport

Merseyside

PR9 9QQ

REGISTERED NUMBER:

00170373 (England and Wales)

AUDITORS:

Advance Audit Limited

Statutory Auditor

71/73 Hoghton Street

Southport

Merseyside

PR9 0PR

FIXED ASSETS

Tangible assets

5

1,044,909

1,126,069

CURRENT ASSETS

Stocks

6

15,638

14,541

Debtors

7

44,751

29,149

Cash at bank

285,123

249,349

345,512

293,039

CREDITORS

Amounts falling due within one year

8

488,128

446,651

NET CURRENT LIABILITIES

(142,616

)

(153,612

)

TOTAL ASSETS LESS CURRENT LIABILITIES

902,293

972,457

CREDITORS

Amounts falling due after more than one year

9

80,540

125,368

NET ASSETS

821,753

847,089

CAPITAL AND RESERVES

Called up share capital

12

2,940

2,970

Capital redemption reserve

280

250

Retained earnings

818,533

843,869

SHAREHOLDERS' FUNDS

821,753

847,089

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 27 May 2026 and were signed on its behalf by:

Mr R A Sinclair - Director

1.	STATUTORY INFORMATION

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. Revenue is recongised in line with the timing of service delivery.

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:

Long leasehold

5% on reducing balance and at variable rates on reducing balance

Plant and machinery

33% on reducing balance, 25% on reducing balance, 20% on costs, 10% on reducing balance and 5% on reducing balance

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.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Cash at bank and in hand

Cash at bank and in hand 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.

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 and bank loans 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.

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.

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.

Retirement benefits

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

Irrecoverable vat

All VAT which can not be recovered because of partial exemption regulations is shown separately in the Profit and Loss account.

Course improvements

The costs of significant course improvements are written off against profits in the year in which they are incurred.

Going concern

The Directors are confident of the continued support of the members, on which they remain dependent. The club continues to receive applications from prospective new members enabling vacancies, when they arise, to be filled. The club continues to maintain modest cash reserves and the directors are confident that the Company has adequate resources to continue its operations for the foreseeable future.

For these reasons, they continue to adopt the going concern basis in preparing the financial statements. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 39 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

1,233,532

1,643,665

2,877,197

Additions

-

10,775

10,775

At 31 December 2025

1,233,532

1,654,440

2,887,972

DEPRECIATION

At 1 January 2025

486,158

1,264,970

1,751,128

Charge for year

25,380

66,555

91,935

At 31 December 2025

511,538

1,331,525

1,843,063

NET BOOK VALUE

At 31 December 2025

721,994

322,915

1,044,909

At 31 December 2024

747,374

378,695

1,126,069

6.

STOCKS

2025

2024

£

£

Stocks

15,638

14,541

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

29,855

17,954

Prepayments and accrued income

14,896

11,195

44,751

29,149

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,651

22,848

Finance leases (see note 10)

41,971

63,406

Trade creditors

121,038

96,956

Social security and other taxes

11,291

8,672

VAT

6,815

4,120

Other creditors

24,367

8,406

Income in advance

270,995

242,243

488,128

446,651

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - more than 1 yr

16,280

28,257

Income in advance

10,881

1,761

Finance leases (see note 10)

53,379

95,350

80,540

125,368

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

2025

2024

£

£

Net obligations repayable:

Within one year

41,971

63,406

Between one and five years

53,379

95,350

95,350

158,756

Non-cancellable

operating leases

2025

2024

£

£

Within one year

12,345

12,345

Between one and five years

1,749

1,749

14,094

14,094

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

27,931

51,105

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

594

Ordinary

5

2,940

2,970

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

The Report of the Auditors was unqualified.

Jennifer Tobin FCCA (Senior Statutory Auditor)

for and on behalf of Advance Audit Limited

14.	RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken such as are required to be disclosed in the financial statements.