| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 September 2025 to 31 March 2026 |
| for |
| Newcastle-Under-Lyme Golf Club Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 September 2025 to 31 March 2026 |
| for |
| Newcastle-Under-Lyme Golf Club Limited |
| Newcastle-Under-Lyme Golf Club Limited (Registered number: 00188624) |
| Contents of the Financial Statements |
| for the Period 1 September 2025 to 31 March 2026 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 |
| Newcastle-Under-Lyme Golf Club Limited (Registered number: 00188624) |
| Balance Sheet |
| 31 March 2026 |
| 2026 | 2025 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Capital redemption reserve | 11 |
| Other reserves | 11 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Newcastle-Under-Lyme Golf Club Limited (Registered number: 00188624) |
| Notes to the Financial Statements |
| for the Period 1 September 2025 to 31 March 2026 |
| 1. | STATUTORY INFORMATION |
| Newcastle-Under-Lyme Golf Club Limited is a |
| Registered number: |
| Registered office: |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate having regard to the circumstances outlined below. |
| The company's cash flow is uneven due to the annual collection of subscriptions. As a result, it is sometimes necessary to the meet its day to day working capital requirements through an overdraft facility. The current economic conditions create uncertainty particularly over the level of memberships and the availability of bank finance. |
| The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that it should be able to operate within the level of its current facility. The company's bankers have confirmed that the facilities will be renewed. |
| After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, and therefore the financial statements have been prepared on a going concern basis. |
| Turnover |
| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, after discounts and rebates, excluding value added tax and other sales taxes. The following criteria must also be met before turnover is recognised. |
| Sale of goods |
| Turnover 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 turnover 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. |
| Subscription fee income is recognised in the period to which it relates when a new member joins the club or an existing member renews their membership. The subscription income is then spread over the membership period. |
| Entrance fees are recognised in full when each new member joins the club, subject to a provision to cover any new members who leave prior to completing their joining fee instalments. When entrance fees include a free year's subscription, full credit is taken for this amount on the date the entrance fee is received. |
| Newcastle-Under-Lyme Golf Club Limited (Registered number: 00188624) |
| Notes to the Financial Statements - continued |
| for the Period 1 September 2025 to 31 March 2026 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Freehold course | - |
| Other freehold | - |
| Computer equipment and swipe system | - |
| Fixed plant | - |
| Fixtures, fittings & equipment | - |
| Tractor shed and shelter | - |
| Mowing machine & implements | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| Newcastle-Under-Lyme Golf Club Limited (Registered number: 00188624) |
| Notes to the Financial Statements - continued |
| for the Period 1 September 2025 to 31 March 2026 |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| Freehold | Other | and swipe | Fixed |
| course | freehold | system | plant |
| £ | £ | £ | £ |
| COST |
| At 1 September 2025 |
| Additions |
| At 31 March 2026 |
| DEPRECIATION |
| At 1 September 2025 |
| Charge for period |
| At 31 March 2026 |
| NET BOOK VALUE |
| At 31 March 2026 |
| At 31 August 2025 |
| Fixtures, | Tractor | Mowing |
| fittings | shed and | machine & |
| & equipment | shelter | implements | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 September 2025 |
| Additions |
| At 31 March 2026 |
| DEPRECIATION |
| At 1 September 2025 |
| Charge for period |
| At 31 March 2026 |
| NET BOOK VALUE |
| At 31 March 2026 |
| At 31 August 2025 |
| Newcastle-Under-Lyme Golf Club Limited (Registered number: 00188624) |
| Notes to the Financial Statements - continued |
| for the Period 1 September 2025 to 31 March 2026 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Fixtures, | Mowing |
| fittings | machine & |
| & equipment | implements | Totals |
| £ | £ | £ |
| COST |
| At 1 September 2025 |
| and 31 March 2026 |
| DEPRECIATION |
| At 1 September 2025 |
| Charge for period |
| At 31 March 2026 |
| NET BOOK VALUE |
| At 31 March 2026 |
| At 31 August 2025 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts (see note 8) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Bank loans |
| Hire purchase contracts (see note 8) |
| Other creditors |
| Newcastle-Under-Lyme Golf Club Limited (Registered number: 00188624) |
| Notes to the Financial Statements - continued |
| for the Period 1 September 2025 to 31 March 2026 |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under hire purchase fall due as follows: |
| 2026 | 2025 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2026 | 2025 |
| £ | £ |
| Bank loans |
| Hire purchase contracts | 96,085 | 132,994 |
| The bank loans are secured by a fixed charge over the company freehold property. |
| Hire purchase contracts are secured against the assets to which they relate. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2025 |
| value: | £ | £ |
| 546 | Ordinary | £1 | 546 | 502 |
| Each full member of the club is entitled to one share. The share capital in issue has increased due to the number of shares issued to new members being higher than the number of revoked shares from members who have left the club. |
| 11. | RESERVES |
| Capital |
| Retained | redemption | Other |
| earnings | reserve | reserves | Totals |
| £ | £ | £ | £ |
| At 1 September 2025 | 212,542 |
| Deficit for the period | ( |
) | ( |
) |
| At 31 March 2026 | 157,333 |
| Retained earnings represents the accumulated profits less accumulated losses and distributions up to the reports date. This is a distributable reserve. |
| Other reserves represents accumulated amounts received in relation to specific projects less accumulated expenditure on these specific projects up to the reporting date. This is not a distributable reserve. |
| Newcastle-Under-Lyme Golf Club Limited (Registered number: 00188624) |
| Notes to the Financial Statements - continued |
| for the Period 1 September 2025 to 31 March 2026 |
| 12. | PENSION COMMITMENTS |
| The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £12,974 (2025 - £18,778). Contributions totalling £2,926 (2025 - £3,583) were payable to the fund at the balance sheet date. |
| 13. | ULTIMATE CONTROLLING PARTY |
| There is no ultimate controlling party. |