Normanton Golf Club Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01491154 (England and Wales)

NORMANTON GOLF CLUB LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

9

DIRECTORS:

R Poynton

M Withers

A D Hall

R I Carter

D G Fox

S Stanley

SECRETARY:

REGISTERED OFFICE:

Hatfeild Hall

Aberford Road

Stanley

Wakefield

West Yorkshire

WF3 4JP

REGISTERED NUMBER:

01491154 (England and Wales)

ACCOUNTANTS:

FINLAYSON & CO

Whitby Court

Abbey Road

Shepley

HUDDERSFIELD

West Yorkshire

HD8 8EL

FIXED ASSETS

Intangible assets

4

2

2

Property, plant and equipment

5

2,925,930

2,950,781

2,925,932

2,950,783

CURRENT ASSETS

Inventories

8,026

8,026

Debtors

6

32,826

29,923

Cash at bank and in hand

480,670

223,929

521,522

261,878

CREDITORS

Amounts falling due within one year

7

391,814

207,505

NET CURRENT ASSETS

129,708

54,373

TOTAL ASSETS LESS CURRENT LIABILITIES

3,055,640

3,005,156

CREDITORS

Amounts falling due after more than one year

8

70,057

24,614

NET ASSETS

2,985,583

2,980,542

RESERVES

Income and expenditure account

2,985,583

2,980,542

2,985,583

2,980,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 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 15 October 2021 and were signed on its behalf by:

M Withers - Director

1.	STATUTORY INFORMATION

Normanton Golf Club 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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover represents the value from the sale of goods, the provision of services and the receipt of members subscriptions and entrance fees and gaming machine income excluding value added tax. Turnover is recognised in the period to which the invoiced supply relates.

Goodwill

Goodwill has not been amortised as the directors consider the actual value is in excess of book value.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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.

Improvements to property

-

15% on reducing balance

Plant and Machinery

-

15% on reducing balance

Furniture & Fixtures

-

15% on reducing balance

Office Equipment

-

15% on reducing balance

Freehold Land and Buildings

Freehold Land and Buildings have not been depreciated as the directors consider that they are not a depreciating asset.

Inventories

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2020 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

and 31 March 2021

2

NET BOOK VALUE

At 31 March 2021

2

At 31 March 2020

2

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Freehold

to

Plant and

property

property

Machinery

£

£

£

COST OR VALUATION

At 1 April 2020

2,750,000

69,294

239,156

Additions

-

10,772

12,500

Disposals

-

-

(15,771

)

At 31 March 2021

2,750,000

80,066

235,885

DEPRECIATION

At 1 April 2020

-

28,590

115,921

Charge for year

-

6,236

20,480

Eliminated on disposal

-

-

(10,219

)

At 31 March 2021

-

34,826

126,182

NET BOOK VALUE

At 31 March 2021

2,750,000

45,240

109,703

At 31 March 2020

2,750,000

40,704

123,235

Furniture

Office

& Fixtures

Equipment

Totals

£

£

£

COST OR VALUATION

At 1 April 2020

65,686

21,174

3,145,310

Additions

1,455

1,195

25,922

Disposals

(33,145

)

(20,388

)

(69,304

)

At 31 March 2021

33,996

1,981

3,101,928

DEPRECIATION

At 1 April 2020

35,217

14,801

194,529

Charge for year

4,608

1,046

32,370

Eliminated on disposal

(25,252

)

(15,430

)

(50,901

)

At 31 March 2021

14,573

417

175,998

NET BOOK VALUE

At 31 March 2021

19,423

1,564

2,925,930

At 31 March 2020

30,469

6,373

2,950,781

Cost or valuation at 31 March 2021 is represented by:

Improvements

Freehold

to

Plant and

property

property

Machinery

£

£

£

Valuation in 2009

(348,291

)

-

-

Cost

3,098,291

80,066

235,885

2,750,000

80,066

235,885

Furniture

Office

& Fixtures

Equipment

Totals

£

£

£

Valuation in 2009

-

-

(348,291

)

Cost

33,996

1,981

3,450,219

33,996

1,981

3,101,928

If Freehold Land and Buildings had not been revalued they would have been included at the following historical cost:

2021

2020

£

£

Cost

3,098,291

3,098,291

Freehold Land and Buildings were valued on an open market basis on 31 December 2009 by the Directors with professional advice .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Machinery

£

COST OR VALUATION

At 1 April 2020

76,540

Additions

12,500

At 31 March 2021

89,040

DEPRECIATION

At 1 April 2020

16,941

Charge for year

10,189

At 31 March 2021

27,130

NET BOOK VALUE

At 31 March 2021

61,910

At 31 March 2020

59,599

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

4,870

15,146

Other debtors

27,956

14,777

32,826

29,923

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Hire purchase contracts

17,057

12,685

Trade creditors

41,519

24,069

Taxation and social security

3,815

9,224

Other creditors

329,423

161,527

391,814

207,505

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

50,000

-

Hire purchase contracts

20,057

24,614

70,057

24,614

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

10,000

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Hire purchase contracts

37,114

37,299

Hire purchase creditors and finance leases creditors are secured on the assets to which they relate. The bank facility is secured by a fixed and floating charge over the assets of the company.

10.	CONTROLLING INTEREST

The company was controlled throughout the year by its directors who run the club on behalf of the members.

11.	LIMITED BY GUARANTEE

The liability of the members is limited. Every member of the club undertakes to contribute to the assets of the company in the event of the company being wound up, not exceeding £1.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2021 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

FINLAYSON & CO

Whitby Court

Abbey Road

Shepley

HUDDERSFIELD

West Yorkshire

HD8 8EL

15 October 2021