These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

Gathurst Golf Club Limited is a private company limited by shares incorporated in England and Wales. The registered office is Miles Lane, Shevington, Wigan, Lancashire, England, WN6 8EW.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover represents income from membership subscriptions, bar income, green fees, competition fees, room hire fees and sundry income such as that generated from buggy shed hire and snooker tables and is stated exclusive of VAT; where appropriate.

Income from membership income is recognised evenly over the accounting period which it falls into.

Income from bar sales is recognised at the point that the customer receives the goods.

Income from green fees and competition fees are recognised at the point at which the customer receives the service.

Room hire fees are recognised at the point at which the event is held.

Competition income is recognised at the point at which the competition is held.

Sponsorship income is recognised over the period of time to which the sponsorship relates.

Sundry income mostly relates to the rental of golf buggies and lockers and is recognised over the period of time to which the rentals relates.

Tangible fixed assets are stated at cost or valuation, less depreciation and impairment write downs.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Upon transition to FRS 102 the directors elected to treat the valuation of land and buildings, obtained in June 2015, which represents fair value, as deemed cost of land and buildings at the date of transition.

Bar stocks have been stated at the lower of cost and net estimated selling price.

The company has elected to apply the provisions of FRS 102 of Section 11 ‘Basic Financial Instruments’ to all of its financial instruments.

The following assets and liabilities are classified as financial instruments; bank accounts, trade debtors, bank loan, hire purchase agreements, trade creditors and accruals.

Financial instruments that are payable or receivable within one year; typically bank account, trade debtors, trade creditors and accruals are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

Financial instruments repayable in more than one year such as bank loan and hire purchase agreements are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

Taxation for the year 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 statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

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.

Assets obtained under hire purchase contracts are capitalised in the statement of financial position and are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to income statement as incurred.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Grant income received for the purchase of fixed assets is classified within current liabilities and is recognised in the income statement over the useful economic life of the asset purchased.

Grant income received in respect of revenue expenditure is recognised in the income statement in the year in which expenditure is incurred.

In the application of the company’s accounting policies, the directors may be required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The directors are of the opinion that no judgements, estimates or assumptions have been applied in the preparation of these financial statements.

The average monthly number of persons (including directors) employed by the company during the year was:

Included in cost or valuation of land and buildings is freehold land of £1,160,882 (2025: £1,160,882) which is not depreciated.

The net book value of tangible fixed assets includes £14,505 (2025: £18,003) in respect of assets held under finance leases.

Land and buildings with a carrying amount as at 31st March 2026 of £1,550,080 was revalued at 25th June 2015 by SHP Valuers, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

The amounts relating to the mortgage within creditors is secured over the freehold held on Miles Lane, Shevington, Wigan, Lancashire, United Kingdom, WN6 8EW. The amounts relating to finance lease creditors are secured on the assets concerned.

The amounts relating to the mortgage within creditors is secured over the freehold held on Miles Lane, Shevington, Wigan, Lancashire, United Kingdom, WN6 8EW. The amounts relating to finance lease creditors are secured on the assets concerned.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 March 2026 and of its loss for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

The club leases plant and equipment used in the maintenance and operation of the golf course. These leases are entered into to ensure the continued operation and upkeep of the course throughout the year. Lease payments are fixed for the term of the lease and are payable monthly.

Lease terms are typically five years. The leases do not generally contain contingent rental arrangements, purchase options or significant renewal options. The agreements do not impose any material restrictions on the club beyond the normal conditions relating to the use, maintenance and return of the leased assets at the end of the lease term.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows: