ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 09900482

SHERINGHAM GOLF CLUB LIMITED

(A Company Limited by Guarantee)

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2025

SHERINGHAM GOLF CLUB LIMITED

(A Company Limited by Guarantee)

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SHERINGHAM GOLF CLUB LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sheringham Golf Club Limited for the year ended 31 December 2025 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Sheringham Golf Club Limited, as a body, in accordance with the terms of our engagement letter dated 10 May 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Sheringham Golf Club Limited and state those matters that we have agreed to state to the Board of Directors of Sheringham Golf Club Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sheringham Golf Club Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sheringham Golf Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sheringham Golf Club Limited. You consider that Sheringham Golf Club Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Sheringham Golf Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MA Partners LLP

Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ

25 September 2026

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SHERINGHAM GOLF CLUB LIMITED

(A Company Limited by Guarantee)

REGISTERED NUMBER: 09900482

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		1,265,074		1,370,604
			1,265,074		1,370,604
Current assets
Stocks		16,320		14,561
Debtors: amounts falling due within one year	5	78,657		73,586
Cash at bank and in hand	6	961,871		659,293
		1,056,848		747,440
Creditors: amounts falling due within one year	7	(744,014)		(637,222)
Net current assets			312,834		110,218
Total assets less current liabilities			1,577,908		1,480,822
Creditors: amounts falling due after more than one year	8		(302,400)		(307,400)

Net assets			1,275,508		1,173,422

Capital and reserves
Profit and loss account	1,275,508	1,173,422
	1,275,508	1,173,422

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SHERINGHAM GOLF CLUB LIMITED

(A Company Limited by Guarantee)

REGISTERED NUMBER: 09900482

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

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:

Jonathan Woolston

Director

Date: 21 September 2026

The notes on pages 4 to 9 form part of these financial statements.

Page 3

SHERINGHAM GOLF CLUB LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

The Company is a private company limited by guarantee. It is both incorporated and domiciled in England and Wales. The address of the registered office is Sweetbriar Lane, Sheringham, Norfolk, NR26 8HG.

The Company's principal activities continued to be that of a non-profit making members' golf club. Its principal place of business is as the registered office.

The presentation currency is £ sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and 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.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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SHERINGHAM GOLF CLUB LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Pensions

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.

2.6

Tangible fixed assets

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.

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:

Freehold land	-	not depreciated
Freehold buildings	-	50 years straight line
Long-term leasehold property	-	over the lease term (99 years)
Plant and machinery	-	6 years straight line
Fixtures and fittings	-	6 years straight line
Course improvements	-	6 years straight line

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.

Page 5

SHERINGHAM GOLF CLUB LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.7

Stocks

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.

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.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

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.

Employees

The average monthly number of employees, including directors, during the year was 27 (2024 - 26).

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		SHERINGHAM GOLF CLUB LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Tangible fixed assets

	Freehold property	Long-term leasehold property	Plant & machinery	Fixtures & fittings	Course improvements	Total
	£	£	£	£	£	£
Cost or valuation
At 1 January 2025	832,240	25,607	722,363	477,252	852,030	2,909,492
Additions	-	-	16,585	32,341	94,060	142,986
At 31 December 2025	832,240	25,607	738,948	509,593	946,090	3,052,478
Depreciation
At 1 January 2025	247,575	8,814	513,551	430,638	338,310	1,538,888
Charge for the year	8,322	259	78,278	20,538	141,119	248,516
At 31 December 2025	255,897	9,073	591,829	451,176	479,429	1,787,404
Net book value
At 31 December 2025	576,343	16,534	147,119	58,417	466,661	1,265,074
At 31 December 2024	584,665	16,793	208,812	46,614	513,720	1,370,604

Page 7

SHERINGHAM GOLF CLUB LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	224	187
Other debtors	28	-
Prepayments and accrued income	78,405	73,399
	78,657	73,586

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	961,871	659,293
	961,871	659,293

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	62,044	66,881
Other taxation and social security	32,993	22,394
Other creditors	45,336	40,987
Accruals and deferred income	603,641	506,960
	744,014	637,222

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Other loans	302,400	307,400
	302,400	307,400

Page 8

SHERINGHAM GOLF CLUB LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025



Amounts falling due 2-5 years
Other loans	302,400	307,400

	302,400	307,400


10.	Company status

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.

Not later than 1 year	23,196	10,235
Later than 1 year and not later than 5 years	44,002	15,352
	67,198	25,587

12.	Related party transactions
	Loans totalling £56,250 were received from directors towards the irrigation project. These loans are for a term of 5 years. Interest is paid on these loan amounts. Interest is calculated as a proportion of annual subscription fees, with annual subscription being paid in full for a £25,000 loan.

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