REGISTERED NUMBER: 00239074 (England and Wales)

KINGS NORTON GOLF CLUB,LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K J Stanton

G Clark

S Earles

M Davies

R Rhead

J G Whitehead

SECRETARY:

S Dougan

REGISTERED OFFICE:

Brockhill Lane

Weatheroak

Nr. Alvechurch

Birmingham

B48 7ED

REGISTERED NUMBER:

00239074 (England and Wales)

AUDITORS:

Sephton & Company LLP

Chartered Certified Accountants

Statutory Auditors

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

FIXED ASSETS

Tangible assets

4

2,031,014

1,805,588

Investments

5

295,642

339,743

2,326,656

2,145,331

CURRENT ASSETS

Stocks

32,248

38,643

Debtors

6

113,653

127,472

Cash at bank and in hand

281,347

307,790

427,248

473,905

CREDITORS

Amounts falling due within one year

7

565,539

590,067

NET CURRENT LIABILITIES

(138,291

)

(116,162

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,188,365

2,029,169

CREDITORS

Amounts falling due after more than one year

8

226,684

60,721

NET ASSETS

1,961,681

1,968,448

RESERVES

Investment reserve

11

756,314

815,240

Capital reserve

11

629,130

629,130

Income and expenditure account

11

576,237

524,078

1,961,681

1,968,448

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 17 November 2025 and were signed on its behalf by:

R Rhead - Director

1.	STATUTORY INFORMATION

Kings Norton 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 as modified by the revaluation of certain assets.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are 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 estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, sales returns, rebates and discounts.

The company recognises revenue when:

- The amount of revenue can be reliably measured;

- It is probable that future economic benefits will flow to the entity: and

- Specific criteria have been met for each of the company's activities.

Membership subscriptions are released to revenue over the length of the membership period.

Lifetime membership subscription is released to revenue on a straight line basis over a ten year period..

Event income is recognised on the date of the event.

Tangible fixed assets

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold land

-

not provided

Long leasehold

-

at varying rates on cost

Course and plant expenditure

-

at varying rates on cost and at variable rates on reducing balance

Fixtures & equipment

-

at varying rates on cost and at variable rates on reducing balance

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost is determined using First-in First-out (FIFO) methodology.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, cash and bank balances and current asset investments. All such instruments are measured initially and subsequently at the transaction price.

At the end of each reporting period debt financial assets are assessed for impairment, and their carrying value reduced if necessary. Any impairment is recognised in the profit and loss account.

Taxation

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 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 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.

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 surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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 year was 42 (2024 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Course

Freehold

Long

and plant

Fixtures

land

leasehold

expenditure

& equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

17,528

1,204,397

1,825,387

517,898

3,565,210

Additions

-

290,707

108,309

10,743

409,759

At 31 May 2025

17,528

1,495,104

1,933,696

528,641

3,974,969

DEPRECIATION

At 1 June 2024

-

557,236

777,957

424,429

1,759,622

Charge for year

-

54,581

106,769

22,983

184,333

At 31 May 2025

-

611,817

884,726

447,412

1,943,955

NET BOOK VALUE

At 31 May 2025

17,528

883,287

1,048,970

81,229

2,031,014

At 31 May 2024

17,528

647,161

1,047,430

93,469

1,805,588

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Course

and plant

expenditure

£

COST

At 1 June 2024

and 31 May 2025

54,105

DEPRECIATION

At 1 June 2024

13,526

Charge for year

10,145

At 31 May 2025

23,671

NET BOOK VALUE

At 31 May 2025

30,434

At 31 May 2024

40,579

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 June 2024

339,743

Additions

92,242

Disposals

(142,416

)

Revaluations

6,073

At 31 May 2025

295,642

NET BOOK VALUE

At 31 May 2025

295,642

At 31 May 2024

339,743

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Trade debtors

4,075

8,743

Other debtors

109,578

118,729

113,653

127,472

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans and overdrafts

27,500

30,000

Hire purchase contracts (see note 9)

9,337

8,633

Trade creditors

83,144

169,208

Taxation and social security

47,329

13,078

Other creditors

398,229

369,148

565,539

590,067

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans

-

27,500

Hire purchase contracts (see note 9)

23,884

33,221

Other creditors

202,800

-

226,684

60,721

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/5/25

31/5/24

£

£

Net obligations repayable:

Within one year

9,337

8,633

Between one and five years

23,884

33,221

33,221

41,854

Non-cancellable

operating leases

31/5/25

31/5/24

£

£

Within one year

97,454

97,454

Between one and five years

382,200

479,654

479,654

577,108

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/5/25

31/5/24

£

£

Hire purchase contracts

33,221

41,854

11.

RESERVES

Income

and

expenditure

Investment

Capital

account

reserve

reserve

Totals

£

£

£

£

At 1 June 2024

524,078

815,240

629,130

1,968,448

Deficit for the year

(6,767

)

(6,767

)

Transfer

58,926

(58,926

)

-

-

At 31 May 2025

576,237

756,314

629,130

1,961,681

The transfer between the income and expenditure account and the investment reserve represents the gain or loss on the revaluation of investments.

There are no distributable reserves.

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

The Report of the Auditors was unqualified.

Darren Paul Carter (Senior Statutory Auditor)

for and on behalf of Sephton & Company LLP

13.	LIMITED BY GUARANTEE

The maximum liability per member upon winding up is restricted to £2.50.