REGISTERED NUMBER: 12306188 (England and Wales)

Piltdown Golf Club Ltd

Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P N Fairbairn

Mr P Sellars

Mrs G M Williams

Mr A H Shaw

Mr J Turzynski

SECRETARY:

Mr P H L Bonsall

REGISTERED OFFICE:

Golf Club Lane

Piltdown

Uckfield

East Sussex

TN22 3XB

REGISTERED NUMBER:

12306188 (England and Wales)

AUDITORS:

Swindells LLP

Chartered Accountants

and Statutory Auditor

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Tangible assets

4

1,646,219

1,679,363

CURRENT ASSETS

Stocks

5

9,433

11,951

Debtors

6

72,961

72,271

Cash at bank and in hand

7

506,497

478,977

588,891

563,199

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

8

570,276

585,573

NET CURRENT ASSETS/(LIABILITIES)

18,615

(22,374

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,664,834

1,656,989

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

9

297,565

349,263

NET ASSETS

1,367,269

1,307,726

RESERVES

Junior fund

11

46

1,233

Income and expenditure account

11

1,367,223

1,306,493

1,367,269

1,307,726

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 and Expenditure Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 March 2026 and were signed on its behalf by:

Mr A H Shaw - Director

Mr P Sellars - Director

1.	STATUTORY INFORMATION

Piltdown Golf Club Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Income

Subscriptions from members are shown after deducting rebates in respect of the members' unsecured loans. Subscription income is deferred and recognised in each financial year on a time apportioned basis.

Entrance fees are credited to income in the year in which they are received. Fees payable by instalment and outstanding at the year end are shown in other debtors and the accrued income in other creditors.

Income in the accounts is shown net of value added tax (where applicable).

Tangible fixed assets

Depreciation is calculated to write off the cost of all tangible fixed assets, over their estimated useful lives at the following rates:

Freehold property

straight line over 50 years

Freehold land

non-depreciating

Outbuildings

straight line over 20 years

Other assets

straight line between 2 and 20 years

Stocks

Stocks are valued at the lower of cost and net realisable value after making due provision for obsolescence.

Taxation

The club is liable to corporation tax on its investment income only.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and released to profit over the expected useful lives of the relevant assets in equal annual instalments.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Hire purchase and leasing commitments

Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract..

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Reserves and funds

Retained earnings are used in accordance with the Articles of Association at the discretion of the directors.

Other funds are created and maintained for particular restricted purposes and further details of these are included in note 11.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Course

Course

property

improvements

plant

£

£

£

COST

At 1 January 2025

665,963

1,206,643

796,332

Additions

21,425

7,894

59,180

Disposals

-

-

(73,386

)

At 31 December 2025

687,388

1,214,537

782,126

DEPRECIATION

At 1 January 2025

399,551

551,737

390,595

Charge for year

14,428

68,034

71,212

Eliminated on disposal

-

-

(43,901

)

At 31 December 2025

413,979

619,771

417,906

NET BOOK VALUE

At 31 December 2025

273,409

594,766

364,220

At 31 December 2024

266,412

654,906

405,737

Auto

Clubhouse

water and

Driving

equipment

Sewerage

range

Totals

£

£

£

£

COST

At 1 January 2025

428,503

251,706

66,483

3,415,630

Additions

56,786

41,451

-

186,736

Disposals

-

-

-

(73,386

)

At 31 December 2025

485,289

293,157

66,483

3,528,980

DEPRECIATION

At 1 January 2025

262,119

99,375

32,890

1,736,267

Charge for year

19,460

13,384

3,877

190,395

Eliminated on disposal

-

-

-

(43,901

)

At 31 December 2025

281,579

112,759

36,767

1,882,761

NET BOOK VALUE

At 31 December 2025

203,710

180,398

29,716

1,646,219

At 31 December 2024

166,384

152,331

33,593

1,679,363

Included within the net book value of tangible fixed assets is £271,026 (2024 - £323,210) in respect of assets held under finance leases. Depreciation for the year on those assets was £33,058 (2024 - £41,217).

At 31 December 2025, the cost of the freehold property comprised freehold land at Piltdown, the clubhouse with its various extensions and other buildings, including the professional's shop, the plant shed and workshop.

5.

STOCKS

2025

2024

£

£

Bar

5,097

6,403

Catering

4,336

5,548

9,433

11,951

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

72,961

72,271

7.	CASH AT BANK AND IN HAND

2025

2024

£

£

Barclays business saver

account

231,300

446,703

Flagstone accounts

257,646

-

Barclays current account

16,753

31,496

Cash in hand

798

778

506,497

478,977

The Flagstone accounts balance represents savings accounts held on the Flagstone savings platform that were opened to earn more bank interest for the club. Included within the Flagstone savings platform at the balance sheet date are instant access accounts with Hampshire Trust Bank, HSBC Plc and Charter Savings Bank.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

18,339

19,609

Hire purchase contracts (see note 10)

69,292

81,535

Trade creditors

391,829

395,354

Taxation and social security

24,446

24,943

Other creditors

66,370

64,132

570,276

585,573

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

18,740

Hire purchase contracts (see note 10)

150,425

181,667

Other creditors

147,140

148,856

297,565

349,263

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Members' unsecured loan

2023-2027

40,000

40,000

40,000

40,000

The first annual repayment for the members' loan 2023-27 is now not expected to be before 31 December 2030.

The members 2017 unsecured members' loans are repayable to members 10 years from the date of the loan agreement or within one year of the lender ceasing to be a member of the club, or earlier at the option of the club.

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

69,292

81,535

Between one and five years

150,425

181,667

219,717

263,202

Non-cancellable

operating leases

2025

2024

£

£

Within one year

13,304

13,304

Between one and five years

17,747

31,051

31,051

44,355

11.

RESERVES

Income

and

expenditure

Junior

account

fund

Totals

£

£

£

At 1 January 2025

1,306,493

1,233

1,307,726

Surplus for the year

60,730

60,730

Fund utilisation

-

(1,187

)

(1,187

)

At 31 December 2025

1,367,223

46

1,367,269

The junior fund represents a donation from a member of the club. This fund will be used to supplement various junior events in the future, including the Junior Open.

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

The Report of the Auditors was unqualified.

Melanie Richardson BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Swindells LLP

13.	LIMITED BY GUARANTEE

The company is limited by guarantee. Every member undertakes to contribute such amount as may be required but not exceeding £1 to the company's assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member

14.	POST BALANCE SHEET EVENTS

Since the year end, work has commenced on the planned kitchen refurbishment project. Management currently estimate that the cost of this will be £180,000.