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

REGISTERED NUMBER: 00942941 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st August 2018

for

Theydon Bois Golf Club Limited

Page

Company information

1

Abridged statement of financial position

2

Notes to the financial statements

4

Directors:

M D Marnoch

R Keys

J M S Reeder

M Smith

J Turnbull

S Ambridge

A Bannington

M Hannibal

J Kibblewhite

A Zoers

Registered office:

The Club House

Theydon Road

Epping

Essex

CM16 4EH

Registered number:

00942941 (England and Wales)

Accountants:

Cooper Paul

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Fixed assets

Tangible assets

4

652,456

652,010

Current assets

Stocks

5,419

5,200

Debtors

21,906

36,050

27,325

41,250

Creditors

Amounts falling due within one year

(206,487

)

(171,046

)

Net current liabilities

(179,162

)

(129,796

)

Total assets less current liabilities

473,294

522,214

Creditors

Amounts falling due after more than one year

(47,213

)

(56,847

)

Net assets

426,081

465,367

Reserves

Income and expenditure account

426,081

465,367

Members' funds

426,081

465,367

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

All the members have consented to the preparation of an abridged Income statement and an abridged Statement of financial position for the year ended 31st August 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 7th December 2018 and were signed on its behalf by:

R Keys - Director

1.	Statutory information

Theydon Bois 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.

Turnover

Turnover represents monies received from subscriptions, green fees and other golf related items.

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

-

not provided

Plant and machinery etc

-

at varying rates 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.

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 statement of financial position date.

Deferred tax

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

the statement of financial position 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

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 15 (2017 - 15 ) .

4.	Tangible fixed assets

Totals

£

Cost

At 1st September 2017

1,254,510

Additions

15,483

At 31st August 2018

1,269,993

Depreciation

At 1st September 2017

602,500

Charge for year

15,037

At 31st August 2018

617,537

Net book value

At 31st August 2018

652,456

At 31st August 2017

652,010

Included above are assets held under finance leases with a net book value amounting to £63,766

(2017- £75,183).

5.	Leasing agreements

Minimum lease payments fall due as follows:

Finance leases

2018

2017

£

£

Net obligations repayable:

Within one year

14,374

16,508

Between one and five years

16,713

31,347

31,087

47,855

Non-cancellable

operating leases

2018

2017

£

£

Within one year

6,696

10,942

Between one and five years

17,856

46,662

24,552

57,604

6.	Secured debts

The following secured debts are included within creditors:

2018

2017

£

£

Bank overdrafts

40,510

34,848

The Club has a £100,000 overdraft facility with HSBC secured on the freehold property of the Club.

7.	Capital commitments

2018

2017

£

£

Contracted but not provided for in the

financial statements

-

-

8.	Limited by guarantee

The members' liability in the event of liquidation of the Company is limited to a maximum of £1 each

which cannot extend beyond one year of cessation of membership.