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

REGISTERED NUMBER: 09916008 (England and Wales)

Financial Statements

for the Year Ended 30 April 2018

for

Chippenham Golf Club Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S A Ball

K S Bridgwater

Mrs T N Crow

M J Goodwin

D Thomas

A Webb

M Garrett

REGISTERED OFFICE:

The Club House

Malmesbury Road

Chippenham

Wiltshire

SN15 5LT

REGISTERED NUMBER:

09916008 (England and Wales)

AUDITORS:

Mander Duffill

Chartered Accountants & Statutory Auditor

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Tangible assets

4

2,703,097

-

CURRENT ASSETS

Stocks

7,374

-

Debtors

5

63,876

-

Investments

6

476,966

-

Cash at bank and in hand

233,315

-

781,531

-

CREDITORS

Amounts falling due within one year

7

399,466

-

NET CURRENT ASSETS

382,065

-

TOTAL ASSETS LESS CURRENT LIABILITIES

3,085,162

-

CREDITORS

Amounts falling due after more than one year

8

19,649

-

NET ASSETS

3,065,513

-

RESERVES

Retained earnings

3,065,513

-

3,065,513

-

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 27 August 2018 and were signed on its behalf by:

M J Goodwin - Director

1.	STATUTORY INFORMATION

Chippenham 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Land and buildings

-

5% on cost

Plant and machinery etc

-

20% on reducing balance and 10% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Investments

Investments are shown at their fair value as outlined by the market rate. Any movements in fair value

are recognised in the Income Statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

2,508,333

232,685

2,741,018

Disposals

(4,995

)

-

(4,995

)

At 30 April 2018

2,503,338

232,685

2,736,023

DEPRECIATION

Charge for year

1,165

31,761

32,926

At 30 April 2018

1,165

31,761

32,926

NET BOOK VALUE

At 30 April 2018

2,502,173

200,924

2,703,097

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

Plant and

machinery

etc

£

COST

Additions

90,899

At 30 April 2018

90,899

DEPRECIATION

Charge for year

16,162

At 30 April 2018

16,162

NET BOOK VALUE

At 30 April 2018

74,737

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

13,713

-

Other debtors

50,163

-

63,876

-

6.	CURRENT ASSET INVESTMENTS

30.4.18

30.4.17

£

£

Listed investments

476,966

-

This listed investments are held in a portfolio managed by St James's Place Wealth Management.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Bank loans and overdrafts

318

-

Hire purchase contracts (see note 9)

27,519

-

Trade creditors

65,398

-

Taxation and social security

19,525

-

Other creditors

286,706

-

399,466

-

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.18

30.4.17

£

£

Hire purchase contracts (see note 9)

19,649

-

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

30.4.18

30.4.17

£

£

Net obligations repayable:

Within one year

27,519

-

Between one and five years

19,649

-

47,168

-

Non-cancellable

operating leases

30.4.18

30.4.17

£

£

Within one year

59,950

-

Between one and five years

216,972

-

In more than five years

843,928

-

1,120,850

-

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

The Report of the Auditors was unqualified.

David Pritchard (Senior Statutory Auditor)

for and on behalf of Mander Duffill