Vicars Cross Golf Club Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 00509576

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,560,353		1,517,467

			1,560,353		1,517,467
CURRENT ASSETS
Stocks	5	9,900		9,499
Debtors	6	51,423		54,761
Cash at bank and in hand		449,266		358,975

		510,589		423,235
Creditors: Amounts Falling Due Within One Year	7	(507,129 )		(343,171 )

NET CURRENT ASSETS (LIABILITIES)			3,460		80,064

TOTAL ASSETS LESS CURRENT LIABILITIES			1,563,813		1,597,531

Creditors: Amounts Falling Due After More Than One Year	8		(103,640 )		(129,980 )

NET ASSETS			1,460,173		1,467,551

RESERVES
Revaluation reserve	10		320,239		320,239
Other reserves			87,262		87,262
Income and Expenditure Account			1,052,672		1,060,050

MEMBERS' FUNDS			1,460,173		1,467,551

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Vicars Cross Golf Club Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mrs W A Anscombe

Director

17th April 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Vicars Cross Golf Club Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 00509576 . The registered office is Vicars Cross Golf Club Ltd, Tarvin Road, Great Barrow, Chester, CH3 7HN.

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.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Freehold	2% on cost
Plant & Machinery	10% on cost
Fixtures & Fittings	10% on cost

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 income and expenditure 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 income and expenditure account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2024: 16)

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Vicars Cross Golf Club Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 March 2024	1,329,901	555,502	23,194	1,908,597
Additions	-	2,845	61,444	64,289

As at 28 February 2025	1,329,901	558,347	84,638	1,972,886

Depreciation
As at 1 March 2024	6,800	382,011	2,319	391,130
Provided during the period	1,197	17,354	2,852	21,403

As at 28 February 2025	7,997	399,365	5,171	412,533

Net Book Value
As at 28 February 2025	1,321,904	158,982	79,467	1,560,353

As at 1 March 2024	1,323,101	173,491	20,875	1,517,467

5. Stocks

	2025	2024
	£	£
Materials	9,900	9,499

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,518	717
Prepayments and accrued income	8,196	11,376
Other debtors	26,764	24,774
VAT	13,945	17,894

	51,423	54,761

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	12,346	12,647
Trade creditors	45,523	31,248
Bank loans and overdrafts	14,324	8,745
Other taxes and social security	1,836	7,167
Other creditors	14,242	35,260
Accruals and deferred income	418,858	248,104

	507,129	343,171

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Vicars Cross Golf Club Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	72,200	81,428
Bank loans	3,325	17,490
Other loans	16,473	19,279
Other creditors	11,642	11,783

	103,640	129,980

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	12,346	12,647
Later than one year and not later than five years	72,200	81,428

	84,546	94,075

	84,546	94,075

10. Reserves

	Revaluation Reserve
	£
As at 1 March 2024	320,239

As at 28 February 2025	320,239

11. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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