RAF St Athan Golf Club Limited - Accounts to registrar (filleted) - small 18.2
RAF St Athan Golf Club Limited - Accounts to registrar (filleted) - small 18.2
| RAF St Athan Golf Club Limited |
| Audited Financial Statements for the Year Ended 31 July 2021 |
| RAF St Athan Golf Club Limited |
| Company Information |
| for the Year Ended 31 July 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Chartered Accountants |
| Statutory Auditor |
| Radnor House |
| Greenwood Close |
| Cardiff Gate Business Park |
| Cardiff |
| CF23 8AA |
| RAF St Athan Golf Club Limited (Registered number: 05009827) |
| Balance Sheet |
| 31 July 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET ASSETS |
| RESERVES |
| Income and expenditure account |
| RAF St Athan Golf Club Limited (Registered number: 05009827) |
| Balance Sheet - continued |
| 31 July 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| RAF St Athan Golf Club Limited (Registered number: 05009827) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2021 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is the total amount receivable by the company in respect its principal activities as a golf club of annual membership fees, green fees & hospitality services, excluding VAT where applicable. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Pension costs |
| 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. |
| Irrecoverable vat |
| The club's turnover consists of some income which is standard rated for VAT purposes and some income which is exempt from VAT. The standard rated income consists mainly of bar sales, whilst the exempt income is mainly membership subscriptions and green fees. |
| Under current VAT legislation, the mix of standard rated and exempt sources of income means that the club may be unable to recover all of the VAT it is charged on expenses. Quarterly and annual tests are applied to assess whether the club is eligible for full recovery. |
| 2. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| RAF St Athan Golf Club Limited (Registered number: 05009827) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2021 |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 August 2020 |
| Additions |
| At 31 July 2021 |
| DEPRECIATION |
| At 1 August 2020 |
| Charge for year |
| At 31 July 2021 |
| NET BOOK VALUE |
| At 31 July 2021 |
| At 31 July 2020 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Other taxes & social security |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Other taxes & social security |
| Other creditors |
| Accruals and deferred income |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Hire purchase contracts |
| RAF St Athan Golf Club Limited (Registered number: 05009827) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2021 |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 2021 | 2020 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Hire purchase | 2,856 | 10,100 |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2021 | 2020 |
| £ | £ |
| Hire purchase contracts | 59,922 | - |
| The hire purchase liabilities are secured over the assets concerned. |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 9. | OTHER FINANCIAL COMMITMENTS |
| The company had total guarantees and commitments at the balance sheet date of £115,000 (2020 - £125,000). This relates to eleven and a half years remaining on a twenty year lease payable at £10,000 per annum. |