Sittingbourne & Milton Regis

Golf Club Limited

Financial Statements for the Year Ended 30 June 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R S Kalsi

A Blundy

M B Johansen

J Lovell

D J Coulls

REGISTERED OFFICE:

The Club House

Wormdale

Newington

Sittingbourne

Kent

ME9 7PX

REGISTERED NUMBER:

00240392 (England and Wales)

AUDITORS:

Spurling Cannon Audit Limited

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Property, plant and equipment

4

1,251,217

1,292,577

CURRENT ASSETS

Inventories

5

60,842

48,183

Debtors

6

31,943

37,038

Cash at bank and in hand

1,097,688

1,025,260

1,190,473

1,110,481

CREDITORS

Amounts falling due within one year

7

677,987

616,542

NET CURRENT ASSETS

512,486

493,939

TOTAL ASSETS LESS CURRENT LIABILITIES

1,763,703

1,786,516

CREDITORS

Amounts falling due after more than one year

8

215,874

305,090

NET ASSETS

1,547,829

1,481,426

RESERVES

Income and expenditure account

1,547,829

1,481,426

1,547,829

1,481,426

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 1 October 2026 and were signed on its behalf by:

M B Johansen - Director

R S Kalsi - Director

1.	STATUTORY INFORMATION

Sittingbourne & Milton Regis Golf Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Income recognition

Turnover comprises members subscriptions receivable and entrance fees received, receipts from temporary members green fees and bar sales, exclusive of Value Added Tax.

Property, plant and equipment

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

Land and buildings

- Straight line over 50 years

Plant and machinery etc

- Straight line over 5, 7, 10 and 15 years

Inventories

Inventories are measured at the lower of cost and estimated selling price.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from members. Basic financial instruments are recognised at amortised cost.

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.

Rentals paid under operating leases are charged to the income and expenditure account on a straight line basis over the period of the lease.

Pensions

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administrated fund. Contributions payable for the year are charged in the income and expenditure account.

Grants, donations and bonus ball income

Grants and donations earmarked for specific projects are recognised as income over the expected life of related assets. Bonus ball income is recognised as part of the juniors' fund and is disbursed for their benefit to cover junior related expenditure. Business rates grants are recognised on the accruals basis and treated as income and any related expenditure is charged to the Income Statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2025 - 20 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2025

678,968

2,185,665

2,864,633

Additions

1,937

115,913

117,850

At 30 June 2026

680,905

2,301,578

2,982,483

DEPRECIATION

At 1 July 2025

330,572

1,241,484

1,572,056

Charge for year

15,703

143,507

159,210

At 30 June 2026

346,275

1,384,991

1,731,266

NET BOOK VALUE

At 30 June 2026

334,630

916,587

1,251,217

At 30 June 2025

348,396

944,181

1,292,577

Included in cost of land and buildings is freehold land of £ 28,590 (2025 - £ 28,590 ) which is not depreciated.

5.	INVENTORIES

2026

2025

£

£

Bar stocks

10,204

7,959

Greenkeepers stocks

12,290

9,333

Club ties

923

980

Shop stock

36,675

29,161

Range balls

750

750

60,842

48,183

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

7,726

14,500

Other debtors

24,217

22,538

31,943

37,038

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

5,000

10,000

Hire purchase contracts

71,215

67,155

Trade creditors

61,684

54,482

Taxation and social security

28,288

13,553

Other creditors

511,800

471,352

677,987

616,542

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

5,000

Hire purchase contracts

147,874

219,090

Members bonds

68,000

81,000

215,874

305,090

Bonds of £5,000 each have been issued to members, and these are repayable in equal annual instalments by 30 June 2034. Early repayment of these bonds is permitted at the discretion of the directors. During the year the amount of bonds repaid totalled £13,500, all of which related to the final repayment of the 2024 Bond.

Creditors falling due within one year include bonds of £8,500.

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

219,089

286,245

The hire purchase contracts are secured on the particular financed assets.

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

The Report of the Auditors was unqualified.

Jonathan Spurling FCCA (Senior Statutory Auditor)

for and on behalf of Spurling Cannon Audit Limited

11.	FINANCIAL COMMITMENTS

The company had total commitments at the balance sheet date of £236,935 (2025 - £302,753).