The Rochester & Cobham Park Golf Club Li - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01225802 (England and Wales)

Financial Statements for the Year Ended 31st March 2023

for

The Rochester & Cobham Park Golf Club

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A MacKenzie

R J P Dench

F T Skinner

B L Fitzgerald

S Hibbert

T A Stanton

A W Young

M Colville

B J Scotland

SECRETARY:

C J McKillop

REGISTERED OFFICE:

Park Pale

By Rochester

Kent

ME2 3UL

REGISTERED NUMBER:

01225802 (England and Wales)

AUDITORS:

Beak Kemmenoe

Chartered Accountants

& Statutory Auditors

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Tangible assets

5

899,893

792,001

CURRENT ASSETS

Stocks

130,496

95,432

Debtors

6

10,780

16,252

Investments

7

2,315

2,523

Cash at bank and in hand

1,392,410

1,316,953

1,536,001

1,431,160

CREDITORS

Amounts falling due within one year

8

922,734

821,151

NET CURRENT ASSETS

613,267

610,009

TOTAL ASSETS LESS CURRENT LIABILITIES

1,513,160

1,402,010

RESERVES

Fair value reserve

10

316

524

Income and expenditure account

10

1,512,844

1,401,486

1,513,160

1,402,010

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 13th December 2023 and were signed on its behalf by:

A MacKenzie - Director

1.	STATUTORY INFORMATION

The Rochester & Cobham Park 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

No judgements or estimates that are material to the financial statements have been noted.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

Straight line over 50 years or 10 years

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

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

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.

Pension costs and other post-retirement benefits

The club operates a defined contribution pension scheme. Contributions payable to the club's pension scheme are charged to surplus or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 20 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1st April 2022

1,073,731

214,792

44,498

1,333,021

Additions

160,776

3,000

-

163,776

Disposals

-

(21,925

)

-

(21,925

)

At 31st March 2023

1,234,507

195,867

44,498

1,474,872

DEPRECIATION

At 1st April 2022

396,802

105,454

38,764

541,020

Charge for year

13,770

38,947

3,167

55,884

Eliminated on disposal

-

(21,925

)

-

(21,925

)

At 31st March 2023

410,572

122,476

41,931

574,979

NET BOOK VALUE

At 31st March 2023

823,935

73,391

2,567

899,893

At 31st March 2022

676,929

109,338

5,734

792,001

Included in cost of land and buildings is freehold land of £ 273,979 (2022 - £ 273,979 ) which is not depreciated.

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

Plant and

machinery

£

COST

At 1st April 2022

35,800

Transfer to ownership

(35,800

)

At 31st March 2023

-

DEPRECIATION

At 1st April 2022

28,640

Charge for year

7,160

Transfer to ownership

(35,800

)

At 31st March 2023

-

NET BOOK VALUE

At 31st March 2023

-

At 31st March 2022

7,160

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors, prepayments and accrued income

10,780

16,252

7.	CURRENT ASSET INVESTMENTS

2023

2022

£

£

Listed investments

2,315

2,523

HM Treasury 4 1/4% Treasury Stock 2032 at market value.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Hire purchase contracts

-

1,643

Trade creditors

179,723

181,834

Corporation tax

274

73

Social security and other taxes

20,321

28,187

Other creditors

46,978

15,797

Accruals and deferred income

675,438

593,617

922,734

821,151

9.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Hire purchase contracts

-

1,643

A charge over the club's freehold property is held by the bank as security for the overdraft facility.

10.

RESERVES

Income

and

Fair

expenditure

value

account

reserve

Totals

£

£

£

At 1st April 2022

1,401,486

524

1,402,010

Surplus for the year

111,150

111,150

Fair value changes

208

(208

)

-

At 31st March 2023

1,512,844

316

1,513,160

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ronald Price FCA (Senior Statutory Auditor)

for and on behalf of Beak Kemmenoe

12.	COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee, all members having a liability not exceeding £10 per member.