Creigiau Golf Club Limited Filleted accounts for Companies House (small and micro)

CREIGIAU GOLF CLUB LIMITED - Company Information

false false false false false false false false false true false false false false false false No description of principal activity 2019-02-01 Sage Accounts Production Advanced 2019 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 00395626 2019-02-01 2020-01-31 00395626 2020-01-31 00395626 2019-01-31 00395626 2018-02-01 2019-01-31 00395626 2019-01-31 00395626 core:PlantMachinery 2019-02-01 2020-01-31 00395626 bus:Director2 2019-02-01 2020-01-31 00395626 core:LandBuildings 2019-01-31 00395626 core:PlantMachinery 2019-01-31 00395626 core:FurnitureFittings 2019-01-31 00395626 core:LandBuildings 2020-01-31 00395626 core:PlantMachinery 2020-01-31 00395626 core:FurnitureFittings 2020-01-31 00395626 core:LandBuildings 2019-02-01 2020-01-31 00395626 core:FurnitureFittings 2019-02-01 2020-01-31 00395626 core:WithinOneYear 2020-01-31 00395626 core:WithinOneYear 2019-01-31 00395626 core:RetainedEarningsAccumulatedLosses 2020-01-31 00395626 core:RetainedEarningsAccumulatedLosses 2019-01-31 00395626 core:BetweenOneFiveYears 2020-01-31 00395626 core:BetweenOneFiveYears 2019-01-31 00395626 core:LandBuildings 2019-01-31 00395626 core:PlantMachinery 2019-01-31 00395626 core:FurnitureFittings 2019-01-31 00395626 bus:Director3 2019-02-01 2020-01-31 00395626 bus:SmallEntities 2019-02-01 2020-01-31 00395626 bus:Audited 2019-02-01 2020-01-31 00395626 bus:FullAccounts 2019-02-01 2020-01-31 00395626 bus:SmallCompaniesRegimeForAccounts 2019-02-01 2020-01-31 00395626 bus:CompanyLimitedByGuarantee 2019-02-01 2020-01-31 00395626 core:LandBuildings core:OwnedOrFreeholdAssets 2019-02-01 2020-01-31

COMPANY REGISTRATION NUMBER: 00395626

Creigiau Golf Club Limited

Company Limited by Guarantee

Filleted Financial Statements

31 January 2020

Creigiau Golf Club Limited

Company Limited by Guarantee

Statement of Financial Position

31 January 2020

	2020		2019
Note	£	£	£

Fixed assets

Tangible assets	6		1,060,077	1,055,511

Current assets

Stocks		13,574	11,553
Debtors	7	30,751	50,249
Cash at bank and in hand		248,046	183,074
		---------	---------
		292,371	244,876

Creditors: amounts falling due within one year	8	352,552		313,628
		---------		---------
Net current liabilities			60,181	68,752
			------------	------------
Total assets less current liabilities			999,896	986,759
			---------	---------
Net assets			999,896	986,759
			---------	---------

Capital and reserves

Profit and loss account	999,896	986,759
	---------	---------
Members funds	999,896	986,759
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 26 March 2020 , and are signed on behalf of the board by:

M Rausa J Warren

Director/ Committee Member Director/ Vice Captain

Company registration number: 00395626

Creigiau Golf Club Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 January 2020

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Creigiau Golf Club, Llantwit Road, Creigiau, Cardiff, CF15 9NN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Course development capital expenditure is capitalised and included in fixed assets.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold buildings	-	2% & 10% straight line
Plant & machinery	-	33% reducing balance
Fixtures and Fittings	-	15% straight line
Computer Equipment	-	33% straight line

No depreciation is provided on freehold land or golf courses.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Short term debtors and creditors receivable

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

4. Company limited by guarantee

Creigiau Golf Club Limited is a company limited by guarantee and has no share capital. The maximum liability of each member is £2.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2019: 15 ).

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Equipment	Computer Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Feb 2019	1,195,579	503,598	258,495	163	33,653	1,991,488
Additions	2,522	21,432	17,515	–	–	41,469
	------------	---------	---------	----	--------	------------
At 31 Jan 2020	1,198,101	525,030	276,010	163	33,653	2,032,957
	------------	---------	---------	----	--------	------------
Depreciation
At 1 Feb 2019	199,489	480,389	226,405	–	29,694	935,977
Charge for the year	13,611	12,390	8,838	–	2,064	36,903
	------------	---------	---------	----	--------	------------
At 31 Jan 2020	213,100	492,779	235,243	–	31,758	972,880
	------------	---------	---------	----	--------	------------
Carrying amount
At 31 Jan 2020	985,001	32,251	40,767	163	1,895	1,060,077
	------------	---------	---------	----	--------	------------
At 31 Jan 2019	996,090	23,209	32,090	163	3,959	1,055,511
	------------	---------	---------	----	--------	------------

7. Debtors

	2020	2019
	£	£
Other debtors	30,751	50,249
	--------	--------

8. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	23,526	22,443
Corporation tax	1,925	2,221
Social security and other taxes	9,393	9,624
Other creditors	317,708	279,340
	---------	---------
	352,552	313,628
	---------	---------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2020	2019
	£	£
Not later than 1 year	17,283	18,298
Later than 1 year and not later than 5 years	22,033	39,316
	--------	--------
	39,316	57,614
	--------	--------

10. Summary audit opinion

The auditor's report for the year dated 3 April 2020 was unqualified.

The senior statutory auditor was Farzana Ahmed , for and on behalf of Carston .

11. Related party transactions

The company was under the control of the directors.