REGISTERED NUMBER: 00758628 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GATHURST GOLF CLUB LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

M Jordan

G Ashley

I Laithwaite

I J White

H Thomas

P Lomax

D Haydock

J Wall

Mrs S Mason

Mrs J Wall

R Spencer

REGISTERED OFFICE:

Miles Lane

Shevington

Wigan

Lancashire

WN6 8EW

REGISTERED NUMBER:

00758628 (England and Wales)

AUDITORS:

Fairhurst Audit Services Ltd

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Tangible assets

4

1,671,262

1,698,996

CURRENT ASSETS

Stocks

6,801

3,925

Debtors

5

66,323

59,456

Cash at bank and in hand

398,499

445,302

471,623

508,683

CREDITORS

Amounts falling due within one year

6

406,130

471,605

NET CURRENT ASSETS

65,493

37,078

TOTAL ASSETS LESS CURRENT LIABILITIES

1,736,755

1,736,074

CREDITORS

Amounts falling due after more than one year

7

(136,503

)

(170,919

)

PROVISIONS FOR LIABILITIES

(74,238

)

(76,117

)

NET ASSETS

1,526,014

1,489,038

CAPITAL AND RESERVES

Called up share capital

10

87,480

83,880

Revaluation reserve

11

494,561

494,561

Retained earnings

11

943,973

910,597

SHAREHOLDERS' FUNDS

1,526,014

1,489,038

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 3 November 2025 and were signed on its behalf by:

R Spencer - Director

1.	STATUTORY INFORMATION

Gathurst Golf Club Limited is a private company, limited by shares , 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.

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

Turnover

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 rental relates.

Tangible fixed assets

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.

Freehold land & buildings - 2% straight line (excluding land)

Improvements to property - 10% straight line

Plant and machinery - 20% on reducing balance

Fixtures and fittings - 20% on reducing balance

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.

Stocks

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

Financial instruments

The company has elected to apply the provisions of FRS 102 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 loans, 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 loans 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

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

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.

Leasing commitments

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.

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.

Grant income

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Improvements

Fixtures

land &

to

Plant and

and

buildings

property

machinery

fittings

Totals

£

£

£

£

£

COST OR VALUATION

At 1 April 2024

1,672,395

51,976

405,889

339,049

2,469,309

Additions

-

9,488

1,518

-

11,006

Disposals

-

-

(4,216

)

(125,334

)

(129,550

)

At 31 March 2025

1,672,395

61,464

403,191

213,715

2,350,765

DEPRECIATION

At 1 April 2024

101,855

50,562

340,175

277,721

770,313

Charge for year

10,230

1,721

13,001

12,266

37,218

Eliminated on disposal

-

-

(3,366

)

(124,662

)

(128,028

)

At 31 March 2025

112,085

52,283

349,810

165,325

679,503

NET BOOK VALUE

At 31 March 2025

1,560,310

9,181

53,381

48,390

1,671,262

At 31 March 2024

1,570,540

1,414

65,714

61,328

1,698,996

Included in cost or valuation of land and buildings is freehold land of £ 1,160,882 (2024 - £ 1,160,882 ) which is not depreciated.

Cost or valuation at 31 March 2025 is represented by:

Freehold

Improvements

Fixtures

land &

to

Plant and

and

buildings

property

machinery

fittings

Totals

£

£

£

£

£

Cost

1,672,395

61,464

403,191

213,715

2,350,765

The net book value of tangible fixed assets includes £ 18,003 (2024 - £ 22,504 ) in respect of assets held under finance leases.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

510

Called up share capital not paid

54,416

49,051

Prepayments

11,907

9,895

66,323

59,456

Called up share capital not paid relates to 304 (2024: 275) shareholders who paid £1 at the time of purchasing a £180 ordinary share and NIL (2024: 6) shareholders who, at the reporting date, had paid £nil towards their £180 ordinary share. The outstanding amounts are repayable at the request of the company.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

29,032

29,032

Finance leases (see note 8)

6,071

8,098

Trade creditors & accruals

16,149

10,742

Tax

5,307

4,979

Social security and other taxes

13,683

9,843

Other creditors

17,517

37,416

Deferred income

309,156

363,575

Accrued expenses

9,215

7,920

406,130

471,605

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loan 1-2 years

22,983

29,032

Bank loan 2-5 years

57,094

61,211

Bank loan over 5 years

46,813

64,974

Finance leases (see note 8)

9,613

15,702

136,503

170,919

Amounts falling due in more than five years:

Repayable by instalments

Bank loan over 5 years

46,813

64,974

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

2025

2024

£

£

Net obligations repayable:

Within one year

6,071

8,098

Between one and five years

9,613

15,702

15,684

23,800

Non-cancellable

operating leases

2025

2024

£

£

Within one year

39,598

40,757

Between one and five years

15,725

24,173

In more than five years

15,425

300

70,748

65,230

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Finance leases

15,684

23,800

Mortgage

141,970

160,132

157,654

183,932

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

466

Ordinary £180 shares

180

87,480

83,880

26 ordinary shares of £180 were issued during the year. The company purchased 6 of its own ordinary shares during the year. Shares are purchased when shareholders, who are members of the golf club, wish to cease their membership.

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

910,597

494,561

1,405,158

Profit for the year

33,376

33,376

At 31 March 2025

943,973

494,561

1,438,534

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

The Report of the Auditors was unqualified.

Jane Dennis BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Fairhurst Audit Services Ltd