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Registered number: 12486885
BUSH HILL PARK GOLF CLUB 1895 LIMITED
(A Company Limited by Guarantee)
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2026
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BUSH HILL PARK GOLF CLUB 1895 LIMITED
(A Company Limited by Guarantee)
REGISTERED NUMBER: 12486885
BALANCE SHEET
AS AT 31 MARCH 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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BUSH HILL PARK GOLF CLUB 1895 LIMITED
(A Company Limited by Guarantee)
REGISTERED NUMBER: 12486885
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 12 form part of these financial statements.
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BUSH HILL PARK GOLF CLUB 1895 LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Bush Hill Park Golf Club 1895 Limited is a private company, limited by guarantee without share capital, registered in England and Wales.
The principal place of business of the company is the same as its registered office:
Club House, Bush Hill Park Golf Club
Winchmore Hill
London
N21 2BU
The principal activity of the company is the provision of golf facilities and services to its members.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.
On 01 April 2021, the trade and assets of Bush Hill Park Golf Club were transferred to the Company. The directors have applied the merger accounting method in preparing the financial statements. The directors confirm that the ultimate owners of the entity remained the same, the rights of the members relative to others remained the same and the entity was not prohibited by company law from using the merger accounting method. The financial statements are therefore presented with a full financial year and full comparatives.
The following principal accounting policies have been applied:
As at the balance sheet date, the company has net current liabilities of £373,894 (2025: £426,482).This has occurred due to significant investment in the infrastructure of the club, however this level of capital and repair expenditure is not planned to continue. The Directors have considered whether the company is a going concern and believe that the company has sufficient cash resources to meet its operating needs for at least the 12 months from the date of approval of these financial statements. These resources include existing cash, support from it related company Bush Hill Park Golf Club Limited and future subscription revenue. As a result of this consideration, the Directors consider it appropriate to prepare the financial statements on the going concern basis.
Subscription revenue is recognised in the period to which the subscription relates to.
Revenue in respect of the sale of other services, including green fees, events and buggy hire are
recognised in the period in which the services are provided.
Revenue in respect of the sale of goods, including bar sales are recognised on the date the sale of
the goods takes place.
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BUSH HILL PARK GOLF CLUB 1895 LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.
Interest income is recognised in profit or loss using the effective interest method.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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BUSH HILL PARK GOLF CLUB 1895 LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
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Leasehold property improvements
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Bar and catering equipment
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
It is the entity's policy for fixed assets with nil net book value to remove their cost and accumulated depreciation from the balance sheet after 10 years.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Short term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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BUSH HILL PARK GOLF CLUB 1895 LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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The average monthly number of employees, including directors, during the year was 46 (2025 - 42).
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Long-term leasehold property
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Bar and catering equipment
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BUSH HILL PARK GOLF CLUB 1895 LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
4.Tangible fixed assets (continued)
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The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
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BUSH HILL PARK GOLF CLUB 1895 LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Cash and cash equivalents
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BUSH HILL PARK GOLF CLUB 1895 LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Obligations under finance lease and hire purchase contracts
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Net obligations under finance leases and hire purchase contracts
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Obligations under finance lease and and hire purchase contracts are secured on the related assets.
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BUSH HILL PARK GOLF CLUB 1895 LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 1-2 years
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Amounts falling due 2-5 years
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Amounts falling due after more than 5 years
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In May 2020 the company took out a loan for £50,000 repayable over a period of 72 months with a
fixed interest rate of 2.5%.
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BUSH HILL PARK GOLF CLUB 1895 LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Hire purchase and finance leases
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Minimum lease payments under hire purchase fall due as follows:
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The hire purchase and finance leases are secured over the assets to which they relate.
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Other reserves
Other reserves includes a designated reserve relating to a bequest received from a former member during the year. In accordance with FRS 102, the bequest has been recognised within reserves; however, the Board has designated these funds for future capital projects and therefore they are presented separately from general reserves.
Profit and loss account
This relates to an accumulated profit and losses from the current and prior periods.
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The club operates a defined contribution pension scheme. The pension cost charge represents contributions payable by the club to the scheme and amounted to £11,221 (2025: £9,666). As at 31 March 2026, contributions totaling £2,456 (2025: £4,057) were due to the scheme and are included in other creditors.
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BUSH HILL PARK GOLF CLUB 1895 LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Commitments under operating leases
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At 31 March 2026 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Later than 1 year and not later than 5 years
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Related party transactions
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The related parties are considered to be:
(a) Bush Hill Park Golf Club Limited and
(b) The Directors of the company.
The irrigatrion bank loan of £110,255 (2025: £123,651) is secured over the freehold property owned by Bush Hill Park Golf Club Limited.
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The ultimate controlling party of the Club is its members.
A limited assurance engagement in accordance with ISRE 2400 (Revised) was carried out on the financial statements for the year ended 31 March 2026, for which the opinion was unqualified.
The assurance report was signed on by Sam Hodson BSc ACA (Senior Statutory Accountant) on behalf of Hillier Hopkins LLP.
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