REGISTERED NUMBER: 00093514 (England and Wales)

Audited Financial Statements

for the Year Ended 31 December 2025

for

Ganton Golf Club Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

1,626,623

1,591,988

Current assets

Stocks

5

55,854

51,359

Debtors

6

33,948

37,800

Cash at bank and in hand

1,757,555

1,450,589

1,847,357

1,539,748

Creditors

Amounts falling due within one year

7

1,040,129

914,045

Net current assets

807,228

625,703

Total assets less current liabilities

2,433,851

2,217,691

Creditors

Amounts falling due after more than one year

8

(150,733

)

(80,773

)

Provisions for liabilities

10

(5,560

)

(2,664

)

Deferred income

11

(76,614

)

(80,919

)

Net assets

2,200,944

2,053,335

Reserves

Income and expenditure account

12

2,200,944

2,053,335

2,200,944

2,053,335

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 16 February 2026 and were signed on its behalf by:

P Kirk - Director

D J Walker - Director

1.	Statutory information

Ganton Golf Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00093514

Registered office:

Ganton Golf Club

Ganton

Scarborough

YO12 4PA

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land and pre-1984 buildings

No further depreciation

Post 1984 buildings

Straight line over 30 years

Irrigation and course improvements

10% straight line

Plant and machinery

20% straight line

Fixtures, fittings and equipment

10% or 20% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Turnover and other income

The turnover and other operating income arises from the usual activities of a golf club. Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Grants and donations are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Irrecoverable VAT

In common with other similar organisations, the Club is partially exempt for VAT. Expenditure includes any associated irrecoverable input VAT on an item by item basis.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company makes pension contributions on behalf of employees to either their personal pension scheme or to a designated auto-enrolment scheme and also to a group life assurance scheme. Contributions are charged to the income and expenditure account as they become payable.

Going concern

The financial statements have been prepared on a going concern basis because the directors believe that no material uncertainties exist. The directors expect that the income which will be received going forward, together with the Club's existing reserves, will be sufficient to enable it to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

3.	Employees and directors

The average number of employees during the year was 23 (2024 - 22 ) .

4.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

Cost

At 1 January 2025

1,491,466

1,532,125

376,562

3,400,153

Additions

83,208

219,709

18,380

321,297

Disposals

-

(88,308

)

(17,048

)

(105,356

)

At 31 December 2025

1,574,674

1,663,526

377,894

3,616,094

Depreciation

At 1 January 2025

449,922

1,084,885

273,358

1,808,165

Charge for year

64,035

193,179

24,771

281,985

Eliminated on disposal

-

(83,631

)

(17,048

)

(100,679

)

At 31 December 2025

513,957

1,194,433

281,081

1,989,471

Net book value

At 31 December 2025

1,060,717

469,093

96,813

1,626,623

At 31 December 2024

1,041,544

447,240

103,204

1,591,988

5.

Stocks

2025

2024

£

£

Bar & catering stocks

35,347

29,303

Other stocks

20,507

22,056

55,854

51,359

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

-

1,120

Other debtors

-

7,641

Prepayments and accrued income

33,948

29,039

33,948

37,800

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Finance leases (see note 9)

63,190

47,479

Trade creditors

57,125

68,238

Tax

-

6,407

Social security and other taxes

17,915

16,232

VAT

2,948

1,491

Subscriptions and green fees in advance

802,463

723,273

Other creditors

73,730

22,335

Deferred income

4,305

5,430

Accrued expenses

18,453

23,160

1,040,129

914,045

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Finance leases (see note 9)

150,733

80,773

9.	Leasing agreements

Minimum lease payments fall due as follows:

Finance leases

2025

2024

£

£

Net obligations repayable:

Within one year

63,190

47,479

Between one and five years

150,733

80,773

213,923

128,252

Non-cancellable

operating leases

2025

2024

£

£

Within one year

4,090

4,464

Between one and five years

4,886

8,976

8,976

13,440

Payments recognised as an expense

4,090

4,464

10.	Provisions for liabilities

2025

2024

£

£

Other provisions

Provision for irrecoverable VAT

5,560

2,664

The VAT partial exemption calculation used during the financial year is based on the previous year's percentage of recoverable VAT. As the VAT year runs from April to March, a provision is made to allow for a different percentage applying to the remaining months of the year.

11.	Deferred income

2025

2024

£

£

Deferred income

76,614

80,919

Donations have been received in previous years from Ganton Trust and other donors for refurbishment projects. The related costs have been capitalised, with annual depreciation being charged at the appropriate rate. The annual depreciation charge is offset by an annual release from deferred income.

12.

Reserves

Income

and

expenditure

account

£

At 1 January 2025

2,053,335

Surplus for the year

147,609

At 31 December 2025

2,200,944

13.	Disclosure under Section 444(5B) of the Companies Act 2006

The Auditors' Report was unqualified.

Timothy Jones FCA (Senior Statutory Auditor)

for and on behalf of Ashby Berry Coulsons Limited

14.	Capital commitments

2025

2024

£

£

Contracted but not provided for in the

financial statements

-

37,660