Hillside Golf Club Limited (The)

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—9

1. General Information

Hillside Golf Club Limited (The) is a private company, limited by shares, incorporated in England & Wales, registered number 00188160 . The registered office is Hillside Golf Club, Hastings Road, Hillside, Southport Merseyside, PR8 2LU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The company's functional and presentational currency is GBP and no level of rounding has been used in the preparation of the financial statements.

2.2. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account any discounts allowed.

Subscriptions for membership are recognised in the year to which the subscription relates, a subscription paid in advance is shown as deferred income.

Entrance fees payable on admittance to membership, are recognised on receipt of payment.

Income from green fees from visitors or guests is recognised as income on the date the course is played.

Buggy income is recognised on receipt of payment.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the

goods have passed to the buyer.

Income from competitions, other sporting and social events is recognised as income on the day of the competition or on completion of the event.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	2%/10% per annum on a straight line basis
Course development	2%/10% per annum on a straight line basis
Course equipment	25%/33% per annum on a straight line basis
Fixtures & Fittings	10%/33% per annum on a straight line basis

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Hillside Golf Club Limited (The)

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Cost is calculated on a first in first out basis.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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Hillside Golf Club Limited (The)

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

2.6. Taxation

The tax expense represents the sum of the tax currently payable on non-mutual trading income and interest received only. The company's mutual trading income is exempt from tax.

Current tax

The current year tax is payable on non-mutual income and interest received.

Deferred tax

Deferred tax is recognised in respect of timing differences that have originated but not reversed at the reporting date. For the Club, these include differences between accounting depreciation and capital allowances attributable to taxable non-member trading activities. No deferred tax is recognised in respect of exempt mutual trading activities.

Deferred tax is measured using tax rates and laws enacted or substantively enacted at the reporting date that are expected to apply when the timing differences reverse. Deferred tax balances are not discounted.

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.

2.7. Pensions

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants which relate to assets are recognised in income on a systematic basis over the useful life of the asset concerned.

2.9. Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 63 (2025: 64)

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Hillside Golf Club Limited (The)

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

4. Tangible Assets

	Land & Property
	Leasehold	Course development	Course equipment	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 June 2025	2,118,111	1,190,984	1,039,626	1,542,741	5,891,462
Additions	1,868	819,152	748,930	239,449	1,809,399
Disposals	-	-	(469,582 )	(4,323 )	(473,905 )

As at 31 May 2026	2,119,979	2,010,136	1,318,974	1,777,867	7,226,956

Depreciation
As at 1 June 2025	635,743	550,983	765,520	1,449,492	3,401,738
Provided during the period	50,149	36,297	176,805	67,949	331,200
Disposals	-	-	(363,741 )	(4,323 )	(368,064 )

As at 31 May 2026	685,892	587,280	578,584	1,513,118	3,364,874

Net Book Value
As at 31 May 2026	1,434,087	1,422,856	740,390	264,749	3,862,082

As at 1 June 2025	1,482,368	640,001	274,106	93,249	2,489,724

Included in course development are assets in the course of construction costing £806,978 (2025-£nil) which are not depreciated.

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2026	2025
	£	£
Course equipment	579,861	-

5. Stocks

	2026	2025
	£	£
Materials	9,716	10,454
Finished goods	206,374	199,476

	216,090	209,930

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Hillside Golf Club Limited (The)

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	11,000
Prepayments and accrued income	49,279	32,910
Other debtors	144,815	2,666

	194,094	46,576

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	126,492	-
Trade creditors	108,468	108,941
Bank loans and overdrafts	82,978	32,305
Corporation tax	55,166	113,436
Other taxes and social security	32,887	30,229
VAT	54,390	17,528
Accruals and deferred income	740,938	550,987

	1,201,319	853,426

The bank loan is secured by a fixed charge over the leasehold property.

Obligations under finance leases and hire purchase contracts are secured on the assets concerned.

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	549,322	-
Bank loans	831,274	414,197

	1,380,596	414,197

The bank loan is secured by a fixed charge over the leasehold property.

Obligations under finance leases and hire purchase contracts are secured on the assets concerned.

The long term bank loans are repayable over 15 years and 20 years and incur an interest rate of 2.25% and 2.4% above the Bank of England's base rate.

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2026		2025
	£		£
Bank loans	452,271		260,863

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Hillside Golf Club Limited (The)

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

9. Loans

An analysis of the maturity of loans is given below:

	2026	2025
	£	£
Amounts falling due within one year or on demand:
Bank loans	82,978	32,305

	2026	2025
	£	£
Amounts falling due between one and five years:
Bank loans	379,003	153,334

	2026	2025
	£	£
Amounts falling due after more than five years:
Bank loans	452,271	260,863

10. Capital Commitments

	2026	2025
	£	£
At the end of the period	1,001,228	158,779

At the end of the period, the company had capital commitments contracted for but not provided in these financial statements.

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than one year	20,562	22,407
Later than one year and not later than five years	30,509	51,070

	51,071	73,477

12. Related Party Disclosures

The directors like all other members pay subscriptions dependent upon category of membership, at rates applicable to all members in that category. The directors like all other members are entitled to use the club facilities, which includes the use of a discount card.

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Hillside Golf Club Limited (The)

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

13. Audit Information

The auditor's report on the accounts of Hillside Golf Club Limited (The) for the year ended 31 May 2026 was unqualified.

The auditor's report was signed by Katharine Thompson (Senior Statutory Auditor) for and on behalf of Stubbs Parkin Ltd, 55 Hoghton Street, Southport, PR9 0PG , Statutory Auditor.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,862,082		2,489,724

			3,862,082		2,489,724
CURRENT ASSETS
Stocks	5	216,090		209,930
Debtors	6	194,094		46,576
Cash at bank and in hand		438,008		349,220

		848,192		605,726
Creditors: Amounts Falling Due Within One Year	7	(1,201,319 )		(853,426 )

NET CURRENT ASSETS (LIABILITIES)			(353,127 )		(247,700 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,508,955		2,242,024

Creditors: Amounts Falling Due After More Than One Year	8		(1,380,596 )		(414,197 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(63,001 )		-

NET ASSETS			2,065,358		1,827,827

CAPITAL AND RESERVES
Called up share capital			4,393		4,393
Capital redemption reserve			115		115
Profit and Loss Account			2,060,850		1,823,319

SHAREHOLDERS' FUNDS			2,065,358		1,827,827

J J Bradburn Director	P J Tabron Director
27th October 2026