Alsager Golf & Country Club(1992)Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02730611 (England and Wales)

Alsager Golf & Country Club (1992)

Limited

Unaudited Financial Statements

for the Year Ended 28 February 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Ovenden

D C Prendergast

R Curtis

P Yeomans

S Edwards

M Hilditch

F Wallace

P J Rushton

M C Heath

Mrs T Rushton

Mrs C Rollings

C Darby

K Gloyne

SECRETARY:

P White

REGISTERED OFFICE:

Audley Road

Alsager

Stoke-on-Trent

Staffordshire

ST7 2UR

REGISTERED NUMBER:

02730611 (England and Wales)

ACCOUNTANTS:

Slaters & Co Accountants

Lymore Villa

162a London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

FIXED ASSETS

Tangible assets

4

903,896

916,781

CURRENT ASSETS

Stocks

9,254

8,932

Debtors

5

20,568

21,387

Cash in hand

600

520

30,422

30,839

CREDITORS

Amounts falling due within one year

6

261,760

238,385

NET CURRENT LIABILITIES

(231,338

)

(207,546

)

TOTAL ASSETS LESS CURRENT LIABILITIES

672,558

709,235

CREDITORS

Amounts falling due after more than one year

7

38,241

74,642

NET ASSETS

634,317

634,593

RESERVES

Other reserves

101,041

101,041

Income and expenditure account

533,276

533,552

634,317

634,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 April 2019 and were signed on its behalf by:

C Ovenden - Director

1.	STATUTORY INFORMATION

Alsager Golf & Country Club (1992) 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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

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 (2018 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2018

1,117,662

513,987

1,631,649

Additions

-

8,619

8,619

At 28 February 2019

1,117,662

522,606

1,640,268

DEPRECIATION

At 1 March 2018

251,771

463,097

714,868

Charge for year

9,684

11,820

21,504

At 28 February 2019

261,455

474,917

736,372

NET BOOK VALUE

At 28 February 2019

856,207

47,689

903,896

At 28 February 2018

865,891

50,890

916,781

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

6,009

5,574

Other debtors

14,559

15,813

20,568

21,387

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

116,085

87,241

Hire purchase contracts

3,119

5,037

Trade creditors

33,507

29,731

Taxation and social security

8,320

14,981

Other creditors

100,729

101,395

261,760

238,385

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

28,703

61,852

Hire purchase contracts

9,538

12,790

38,241

74,642

8.	SECURED DEBTS

The bank loan and overdraft are secured by a fixed and floating charge over the assets of the

company.

9.	MEMBERS LIABILITY

The liability of the company is limited by guarantee to the extent of £10 in respect of each member at

the balance sheet date and those who have been members within twelve months prior to that date.

10.	OPERATING LEASE COMMITMENTS

At the reporting end date the company had outstanding commitments for future minimum lease

payments under non-cancellable operating leases as follows:

2019

2018

£

£

7,385

14,474