Taunton & Pickeridge Golf Club Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09386981 (England and Wales)

Unaudited Financial Statements

for the Period 1 July 2025 to 31 March 2026

for

Taunton & Pickeridge Golf Club Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A G Rhodes

A R McGown

A C Willett

D C Goodman

E L Smith

P G King

SECRETARY:

D A Sharland

REGISTERED OFFICE:

Corfe

TAUNTON

Somerset

TA3 7BY

REGISTERED NUMBER:

09386981 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Intangible assets

4

(231,728

)

(250,517

)

Tangible assets

5

1,983,602

2,008,444

1,751,874

1,757,927

CURRENT ASSETS

Stocks

38,496

36,412

Debtors

6

80,995

48,230

Cash at bank

894,135

617,706

1,013,626

702,348

CREDITORS

Amounts falling due within one year

7

1,017,110

742,111

NET CURRENT LIABILITIES

(3,484

)

(39,763

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,748,390

1,718,164

CREDITORS

Amounts falling due after more than one year

8

(84,675

)

(112,261

)

PROVISIONS FOR LIABILITIES

(7,711

)

(8,386

)

NET ASSETS

1,656,004

1,597,517

RESERVES

Revaluation reserve

10

845,674

Income and expenditure account

810,330

751,843

1,656,004

1,597,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

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 surplus or deficit 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 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 September 2026 and were signed on its behalf by:

A G Rhodes - Director

1.	STATUTORY INFORMATION

Taunton & Pickeridge 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.

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, unless otherwise stated within these accounting policies

Turnover

Turnover represents sales of golf club membership and golf club services including bar and food sales, excluding value added tax.Turnover is recognised in the period to which the membership relates, or in which services are provided. Membership subscriptions received in advance are included within creditors as subscriptions in advance.

Goodwill

Negative goodwill arose on the acquisition by the limited company of the golf club business, and represents the difference between the net book value of the assets and liabilities acquired and consideration paid of £Nil. Goodwill is being amortised evenly over 20 years.

Tangible fixed assets

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

Equipment

-

33% on cost, 20% on cost, 10% on reducing balance, 10% on cost and 5% on cost

Land and Buildings have not been depreciated as the directors are of the opinion that the residual value is at least equal to the book value.

Once complete, assets under construction are transferred to the relevant asset class and depreciated beginning the period after completion.

Tangible fixed assets are held at cost. The company took advantage of the transitional provisions on adoption of FRS 102 and deemed previous valuations to be cost on transition.

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 Income Statement, 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.

Going concern

Having considered the financial position of the company the Directors are of the opinion that there are no significant doubts about the ability of the company to continue to trade, and therefore the accounts have been prepared on a going concern basis. The balance sheet shows net liabilities at the balance sheet date, but this reflects the significant amount of Subscriptions Received in Advance which are included within short term creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 26 (2025 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2025

and 31 March 2026

(501,027

)

AMORTISATION

At 1 July 2025

(250,510

)

Amortisation for period

(18,789

)

At 31 March 2026

(269,299

)

NET BOOK VALUE

At 31 March 2026

(231,728

)

At 30 June 2025

(250,517

)

Negative goodwill arose on the acquisition by the limited company of the golf club business in 2015 from the unincorporated club, and represents the difference between the net book value of the assets and liabilities acquired and the consideration paid of £Nil.

5.	TANGIBLE FIXED ASSETS

Land &

Buildings

Equipment

Totals

£

COST

At 1 July 2025

1,702,887

573,142

2,276,029

Additions

588

7,280

7,868

Disposals

-

(1,196

)

(1,196

)

At 31 March 2026

1,703,475

579,226

2,282,701

DEPRECIATION

At 1 July 2025

-

267,585

Charge for period

-

32,439

Eliminated on disposal

-

(925

)

(925

)

At 31 March 2026

-

299,099

NET BOOK VALUE

At 31 March 2026

1,703,475

280,127

1,983,602

At 30 June 2025

1,702,887

305,557

2,008,444

The company applied the transitional arrangements of Section 35 of FRS 102 and used a previous valuation as the deemed cost on transition for land and buildings.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

35,076

2,929

Prepayments and accrued income

45,919

45,301

80,995

48,230

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Debentures

800

Bank loans and overdrafts

14,343

21,459

Hire purchase contracts

26,778

32,105

Trade creditors

66,716

34,502

Tax

2,626

1,324

Social security and other taxes

12,596

13,530

VAT

16,433

11,444

Other creditors

113,822

77,585

Subscriptions in advance

742,339

529,474

Accruals and deferred income

20,657

19,888

1,017,110

742,111

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Bank loans - 1-2 years

10,274

11,972

Bank loans - 2-5 years

-

7,232

Hire purchase contracts

74,401

93,057

84,675

112,261

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

24,617

40,663

Hire purchase contracts

101,179

125,162

125,796

165,825

Lloyds Bank PLC have a fixed charge on the company's freehold property and a floating charge by way of debenture over all the property or undertakings of the company.

Hire purchase liabilities are secured over the assets to which they relate.

10.

RESERVES

Revaluation

reserve

£

At 1 July 2025

and 31 March 2026

845,674