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Registered number: 00165112
Flackwell Heath Golf Club Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Flackwell Heath Golf Club Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Flackwell Heath Golf Club Limited
Balance Sheet
As At 31 October 2025
Balance Sheet
Registered number: 00165112

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 771,874 |  | 827,878
Investment Properties | 5 |  | 925,000 |  | 1,420,000
|  |  | 1,696,874 |  | 2,247,878
CURRENT ASSETS
Stocks | 6 | 11,894 |  | 10,830 |
Debtors | 7 | 4,189 |  | 42,095 |
Cash at bank and in hand |  | 568,666 |  | 44,613 |
|  | 584,749 |  | 97,538 |
Creditors: Amounts Falling Due Within One Year | 8 | (451,838 ) |  | (350,853 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 132,911 |  | (253,315 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,829,785 |  | 1,994,563
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (25,650 ) |  | (25,650 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 11 |  | (208,750 ) |  | (320,000 )
NET ASSETS |  |  | 1,595,385 |  | 1,648,913
RESERVES
Revaluation reserve | 12 |  | 708,250 |  | 855,558
Income and Expenditure Account |  |  | 887,135 |  | 793,355
MEMBERS' FUNDS |  |  | 1,595,385 |  | 1,648,913

Page 1
Page 2
Flackwell Heath Golf Club Limited
Balance Sheet (continued)
As At 31 October 2025
For the year ending 31 October 2025 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board

Mr Marc Matthews Director
9th July 2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Flackwell Heath Golf Club Limited
Notes to the Financial Statements
For The Year Ended 31 October 2025
Notes to the Financial Statements
1. General Information
Flackwell Heath Golf Club Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 00165112 . The registered office is Treadaway Road, Flackwell Heath, High Wycombe, Buckinghamshire, HP10 9PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover is derived from the provision of golf and ancilliary facilities and represents membership enterance fees and subscription income receivable in respect of the year. Turnover from membership fees is initially deferred and subsequently recognised over the period that it relates.
Food, beverage and retail sales are made from on-site restaurant and shop. The turnover is recognised as income at the time the sale is made, at invoice value excluding value added tax. Turnover also includes non-membership gollf and leisure income (green fees, competition income and social income) which is also recognised at the time the sale is made.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | Nil
Plant & Machinery | At rates varying between 10% and 30% on cost
Fixtures & Fittings | At rates varying between 10% and 30% on cost
Computer Equipment | At rates varying between 10% and 30% on cost

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income and expenditure account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
Flackwell Heath Golf Club Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2024: 20)
20 20
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 November 2024 | 810,801 | 189,708 | 543,709 | 459,608 | 2,003,826
Additions | - | 17,291 | 835 | - | 18,126
As at 31 October 2025 | 810,801 | 206,999 | 544,544 | 459,608 | 2,021,952
Depreciation
As at 1 November 2024 | 218,016 | 176,818 | 330,877 | 450,237 | 1,175,948
Provided during the period | 21,025 | 9,711 | 31,140 | 12,254 | 74,130
As at 31 October 2025 | 239,041 | 186,529 | 362,017 | 462,491 | 1,250,078

...CONTINUED
Page 4
Page 5
Flackwell Heath Golf Club Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025

Net Book Value
As at 31 October 2025 | 571,760 | 20,470 | 182,527 | (2,883 ) | 771,874
As at 1 November 2024 | 592,785 | 12,890 | 212,832 | 9,371 | 827,878

Included within the net book value of land and buildings above is £592,795 (2021 - £567,880) in respect of freehold land and buildings.
During the year the directors undertook a further review of the depreciation rates charged on the tangible fixed assets.
As a result of this review no depreciation has been provided on the freehold property (2021 - Nil).
The company adopts a policy of fully maintaining its freehold property and as such the current market value is regade as being not less than the current net book value, therefore no depreciation has been provided during the year ended 31 October 2022.
Reviews will be undertaken annually with a further review in 2025.
The bank loan is secured by a legal charge over the land and buildings.
5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 November 2024 | 1,420,000
Disposals | (495,000 )
Revaluations | -
As at 31 October 2025 | 925,000

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stocks | 11,894 |  | 10,830

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | (456 ) |  | 42,095
VAT | 4,645 |  | -
| 4,189 |  | 42,095

Page 5
Page 6
Flackwell Heath Golf Club Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 45,599 |  | 55,371
Bank loans and overdrafts | 34,704 |  | 52,609
Corporation tax | 85,971 |  | 10,660
Other taxes and social security | 6,166 |  | -
VAT | - |  | 19,767
Other creditors | 12,031 |  | 5,558
Club card control | 40,348 |  | 20,157
Pension contributions | 2,526 |  | 5,997
Subscriptions in advance | 201,968 |  | 176,078
Accruals and deferred income | 22,525 |  | 4,656
| 451,838 |  | 350,853

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Members loans | 25,650 |  | 25,650

10. Loans
An analysis of the maturity of loans is given below:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Amounts falling due within one year or on demand:
Bank loans | 34,704 |  | 52,609

11. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Revaluation of investment properties | 208,750 |  | 320,000

Page 6
Page 7
Flackwell Heath Golf Club Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
12. Reserves

| Revaluation reserve | Income and Expenditure Account
--- | --- | ---
| £ | £
As at 1 November 2024 | 855,558 | 793,355
Profit for the year and total comprehensive income | - | 408,279
Transfer to/from Other Reserves | - | (314,499)
Transfer to/from Income & Expenditure Account | (147,308 ) | -
As at 31 October 2025 | 708,250 | 887,135

13. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
14. Audit Information
The auditor's report on the accounts of Flackwell Heath Golf Club Limited for the year ended 31 October 2025 was unqualified.
The auditor's report was signed by Statutory Auditor.
Page 7