The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Notts Golf Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Hollinwell, Kirkby-in Ashfield, Nottinghamshire, NG17 7QR.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) 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.

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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Subscription Income

Subscriptions to the company cover a period of twelve months to 31 December each year. Subscriptions received in respect of the current year have been credited to the income and expenditure account. Subscriptions received in respect of future periods are carried forward in creditors as prepaid subscriptions.

Lifetime Membership Income

Income received in respect of life memberships is credited to the income and expenditure account in full upon receipt.

Entrance Fee Income

Entrance fees consist of a one off charge to new members. Income received is credited to the income and expenditure account in the year of receipt.

Green Fee and Other Income

Income is recognised when the service is provided.

Freehold land and buildings owned prior to 1988 have been written down to £1. In view of the length of time for which the land and buildings have been occupied as a golf club, and the fact that the other tangible fixed assets are replaced from time to time without increasing the assets inventory. It was the policy to depreciate tangible assets at 100% in the year of purchase, except for the biomass boiler. Since that date all capital expenditure over £5,000 has been capitalised.

The major portion of equipment at the club is leased (see note 8).

Depreciation is recognised on the following bases:

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

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 and cash equivalents 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.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Pension

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Donations

Donations received in respect of specific projects are recognised when the work is carried out. Donations received in respect of future projects are carried forward in creditors and deferred income.

Grants

Revenue grants receivable, including government grants, are credited to the Income & Expenditure account as follows :

(i) General : grants are credited on receipt or approval.

(ii) Specific : grants are set against the relevant expenditure.

The average monthly number of persons (including directors) employed by the company during the year was:

At the EGM held in November 2019 the Club established the Hollinwell Fund (The Fund) to receive non-specific gifts or donations. The Fund is controlled by fund controllers independent of the Club Committee and its cash is held in a separate bank account. The Fund is to be used for projects agreed upon by the Club Committee and the Fund controllers.

Included within other creditors is an amount of £26,145 (2024: £9,137) relating to hire purchase. The hire purchase liabilities are secured against the assets to which they relate.

Included within other creditors is an amount of £84,418 (2024: £20,755) relating to hire purchase. The hire purchase liabilities are secured against the assets to which they relate.

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £5.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

In 2020 the club entered into a 7 year agreement for Green Equipment. The annual commitment under this agreement is £2,091 (+VAT).

In 2021 the club entered into a 7 year agreement for Green Equipment. The annual commitment under this agreement is £4,926 (+VAT).

In 2021 the club entered into a 7 year agreement for Green Equipment. The annual commitment under this agreement is £3,571 (+VAT).

In 2021 the club entered into a 5 year agreement for Green Equipment. The annual commitment under this agreement is £3,024 (+VAT).

In 2021 the club entered into a 5 year agreement for Green Equipment. The annual commitment under this agreement is £1,172 (+VAT).

In 2023 the club entered into a 5 year agreement for Green Equipment. The annual commitment under this agreement is £7,717 (+VAT).

In 2024 the club entered into a 5 year agreement for Green Equipment. The annual commitment under this agreement is £18,192 (+VAT).

In 2024 the club entered into a 5 year agreement for Green Equipment. The annual commitment under this agreement is £27,399 (+VAT).

The company has taxable losses of approximately £1,009,129 (2024: £911,147) that can be carried forward and utilised against profits of future periods.