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 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

9

DIRECTORS:

R Poynton

J Watson

A Booth

M Withers

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

2,956,635

2,943,796

2,956,637

2,943,798

CURRENT ASSETS

Inventories

10,274

8,343

Debtors

6

56,003

50,493

Cash at bank and in hand

274,233

341,444

340,510

400,280

CREDITORS

Amounts falling due within one year

7

238,901

312,207

NET CURRENT ASSETS

101,609

88,073

TOTAL ASSETS LESS CURRENT LIABILITIES

3,058,246

3,031,871

CREDITORS

Amounts falling due after more than one year

8

28,765

-

NET ASSETS

3,029,481

3,031,871

RESERVES

Income and expenditure account

3,029,481

3,031,871

3,029,481

3,031,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 5 June 2018 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

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 market 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

Motor Vehicles

-

15% on reducing balance

Office Equipment

-

15% on reducing balance

Freehold Land and Buildings

Freehold Land and Buildings have not been depreciated as in the opinion of the Directors their market value is in

excess of the book value.

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 22 (2017 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

2

NET BOOK VALUE

At 31 March 2018

2

At 31 March 2017

2

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Freehold

to

Plant and

property

property

Machinery

£

£

£

COST OR VALUATION

At 1 April 2017

2,750,000

39,517

356,517

Additions

-

-

50,095

Disposals

-

-

(15,550

)

At 31 March 2018

2,750,000

39,517

391,062

DEPRECIATION

At 1 April 2017

-

10,614

242,363

Charge for year

-

4,336

20,261

Eliminated on disposal

-

-

(9,776

)

At 31 March 2018

-

14,950

252,848

NET BOOK VALUE

At 31 March 2018

2,750,000

24,567

138,214

At 31 March 2017

2,750,000

28,903

114,154

Furniture

Motor

Office

& Fixtures

Vehicles

Equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2017

77,218

12,302

22,769

3,258,323

Additions

-

-

787

50,882

Disposals

-

-

-

(15,550

)

At 31 March 2018

77,218

12,302

23,556

3,293,655

DEPRECIATION

At 1 April 2017

38,199

10,219

13,132

314,527

Charge for year

5,855

312

1,505

32,269

Eliminated on disposal

-

-

-

(9,776

)

At 31 March 2018

44,054

10,531

14,637

337,020

NET BOOK VALUE

At 31 March 2018

33,164

1,771

8,919

2,956,635

At 31 March 2017

39,019

2,083

9,637

2,943,796

Cost or valuation at 31 March 2018 is represented by:

Improvements

Freehold

to

Plant and

property

property

Machinery

£

£

£

Valuation in 2009

(348,291

)

-

-

Cost

3,098,291

39,517

391,062

2,750,000

39,517

391,062

Furniture

Motor

Office

& Fixtures

Vehicles

Equipment

Totals

£

£

£

£

Valuation in 2009

-

-

-

(348,291

)

Cost

77,218

12,302

23,556

3,641,946

77,218

12,302

23,556

3,293,655

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

cost:

2018

2017

£

£

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 and finance leases are as

follows:

Plant and

Machinery

£

COST OR VALUATION

At 1 April 2017

45,615

Additions

43,765

Transfer to ownership

(25,194

)

At 31 March 2018

64,186

DEPRECIATION

At 1 April 2017

13,384

Charge for year

7,569

Transfer to ownership

(6,991

)

At 31 March 2018

13,962

NET BOOK VALUE

At 31 March 2018

50,224

At 31 March 2017

32,231

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

27,005

34,147

Other debtors

28,998

16,346

56,003

50,493

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts and finance leases

7,104

12,597

Trade creditors

39,915

20,269

Taxation and social security

1,894

13,449

Other creditors

189,988

265,892

238,901

312,207

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts and finance leases

28,765

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Hire purchase contracts and finance leases

35,869

12,597

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 members who appoint the directors and the committee to

run the club on their behalf.

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 Balance Sheet. 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 Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2018 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

5 June 2018