Alsager Golf & Country Club(1992)Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 02730611 (England and Wales)

Alsager Golf & Country Club (1992)

Limited

Unaudited Financial Statements

for the Year Ended 28 February 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Yeomans

I Hulson

K R Burt

D C Turrell

Mrs K Cooper

P Wrench

Mrs S Deaville

Mrs M Hobson

J M Lane

K Taylor

P Baker

M A Webb

Ms I Lawless

SECRETARY:

D C Prendergast

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

880,128

858,412

CURRENT ASSETS

Stocks

9,528

8,875

Debtors

5

6,614

5,346

Cash at bank and in hand

183,935

137,550

200,077

151,771

CREDITORS

Amounts falling due within one year

6

248,909

212,494

NET CURRENT LIABILITIES

(48,832

)

(60,723

)

TOTAL ASSETS LESS CURRENT LIABILITIES

831,296

797,689

CREDITORS

Amounts falling due after more than one year

7

27,231

36,667

NET ASSETS

804,065

761,022

RESERVES

Other reserves

101,041

101,041

Income and expenditure account

703,024

659,981

804,065

761,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 17 August 2023 and were signed on its behalf by:

Mrs S Deaville - 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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of coronavirus on the economy and therefore the financial statements have been prepared on a going concern basis.

Turnover

Turnover represents net invoice value of goods / services provided, excluding value added tax.

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

-

20% on reducing balance

Computer equipment

-

33% 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.

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 23 (2022 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Land and

Plant and

Computer

buildings

machinery

equipment

Totals

£

£

£

£

COST

At 1 March 2022

1,117,662

531,946

1,101

1,650,709

Additions

31,801

7,973

450

40,224

At 28 February 2023

1,149,463

539,919

1,551

1,690,933

DEPRECIATION

At 1 March 2022

290,506

501,184

607

792,297

Charge for year

10,440

7,757

311

18,508

At 28 February 2023

300,946

508,941

918

810,805

NET BOOK VALUE

At 28 February 2023

848,517

30,978

633

880,128

At 28 February 2022

827,156

30,762

494

858,412

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

6,614

5,346

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

-

3,299

Trade creditors

20,412

18,270

Taxation and social security

7,656

4,095

Other creditors

210,841

176,830

248,909

212,494

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

27,231

36,667

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.