REGISTERED NUMBER: 14314066 (England and Wales)

WOKING 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:

D C Hill

A Oldham

J Milward

A Valsamakis

J Richards

Ms L Gilbert

M D Gravette

REGISTERED OFFICE:

Pond Road

Hook Heath

WOKING

Surrey

GU22 0JZ

REGISTERED NUMBER:

14314066 (England and Wales)

AUDITOR:

Shaw Gibbs Audit Ltd

Wey Court West

Union Road

Farnham

Surrey

GU97PT

FIXED ASSETS

Tangible assets

4

1,848,722

1,814,674

Investments

5

174,070

174,070

2,022,792

1,988,744

CURRENT ASSETS

Stocks

34,716

34,553

Debtors

6

60,974

37,550

Cash at bank

1,741,490

1,295,912

1,837,180

1,368,015

CREDITORS

Amounts falling due within one year

7

(1,256,087

)

(948,364

)

NET CURRENT ASSETS

581,093

419,651

TOTAL ASSETS LESS CURRENT LIABILITIES

2,603,885

2,408,395

RESERVES

Retained earnings

2,603,885

2,408,395

2,603,885

2,408,395

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 23 April 2026 and were signed on its behalf by:

J Richards - Director

1.	STATUTORY INFORMATION

Woking 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.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost and Straight line over 25 years

Plant and machinery etc

-

25% on cost, 20% on cost and 10% on cost

The property which includes the clubhouse, professional shop and barn is stated at cost less depreciation. Depreciation is provided on all tangible assets at the annual rates disclosed below in order to write off each asset over its estimated useful life.

The cost of that part of the clubhouse that was rebuilt in 1995/6, together with subsequent improvements, and the professional's shop are depreciated over 50 years on a straight line basis. The remainder of the clubhouse is being depreciated with a remaining life of 25 years from January 2009. Various miscellaneous additions included in the clubhouse cost are being depreciated over lives of 3 to 20 years depending on the type of asset. The Greenkeepers' buildings are depreciated over 25 years on a straight line basis. The water and drainage systems are depreciated over 20 years on a straight line basis. The teaching bays are depreciated over 10 years on a straight line basis. The plant and equipment is depreciated over 4 years on a straight line basis. Second-hand plant and machinery is fully depreciated in the year of purchase. Items of expenditure costing less than £1,000 are written off to revenue in the year of purchase

Stocks

Stocks are stated at the lower of cost and net realisable value, after making due allowances for obsolete or slow moving items. Bar and food stocks are counted by an independent stoktaker at the year end. Bar stock is also counted and valued each month throughout the year for control purposes. Fuel and course materials are counted by the head Greenkeeper.

Taxation

Corporation tax is provided on taxable income at the current rate in force.

Deferred tax

As the company benefits from the mutual trading provisions and non-mutual trading generates a loss there is no need to provide for deferred tax.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pensions

The Club operates a group personal pension plan, which exempts the club from offering a stakeholder pension scheme. Contributions are charged to the Income and Expenditure Account as they become payable.

Subscriptions

The subscription year is from 1st January to 31st December. Only those subscriptions relating to the period up to 31st December, which have actually been received, have been included in the Income and Expenditure Account. Subscriptions which have been received in advance for the following year are carried forward in the Balance sheet as a liability.

Entrance fees

Entrance fees are included in the accounts as and when they are received, or when the person making the payment is admitted to membership of the Club, whichever is the later.

Gross Profit Analysis

2025

2024

£

£

Bar sales

231.078

214,793

Bar Purchases

(93,013

)

(84,637

)

Gross Profit on bar sales

138.065

130,156

Catering sales

321,615

342,183

Catering purchases

(136,123

)

(113,897

)

Gross Profit on catering sales

185,492

228,286

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Greenkeepers

Plant and

property

buildings

machinery

£

£

£

COST

At 1 January 2025

1,811,585

112,500

253,242

Additions

19,944

37,016

27,778

At 31 December 2025

1,831,529

149,516

281,020

DEPRECIATION

At 1 January 2025

944,983

75,471

231,653

Charge for year

63,902

15,919

13,986

At 31 December 2025

1,008,885

91,390

245,639

NET BOOK VALUE

At 31 December 2025

822,644

58,126

35,381

At 31 December 2024

866,602

37,029

21,589

Fixtures

and

Teaching

fittings

bays

Totals

£

£

£

COST

At 1 January 2025

1,454,574

20,267

3,652,168

Additions

103,231

-

187,969

At 31 December 2025

1,557,805

20,267

3,840,137

DEPRECIATION

At 1 January 2025

565,120

20,267

1,837,494

Charge for year

60,114

-

153,921

At 31 December 2025

625,234

20,267

1,991,415

NET BOOK VALUE

At 31 December 2025

932,571

-

1,848,722

At 31 December 2024

889,454

-

1,814,674

5.	FIXED ASSET INVESTMENTS

Loans to

group

undertaking

£

At 1 January 2025

and 31 December 2025

174,070

Loan Stocks of Woking Golf Club Estates Limited held by the Club at the year end are:-

Nominal

Cost

£

£

'A' Loan Stock

107,080

107,080

'B' Loan Stock

66,990

66,990

174,070

174,070

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

16,929

30,222

Prepayments and accrued income

44,045

7,328

60,974

37,550

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Subscriptions in Advance

983,637

758,834

Trade creditors

82,238

26,234

Swipe Card Deposits

31,865

23,079

Amounts owed to group undertakings

42,039

27,229

Social security and other taxes

15,012

25,768

VAT

4,090

7,586

Other Creditors and Accruals

97,206

79,634

1,256,087

948,364

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

117,581

111,886

Between one and five years

225,424

359,434

343,005

471,320

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

The Report of the Auditor was unqualified.

Lance Redman (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs Audit Ltd