Retford Golf Club Limited - Accounts to registrar (filleted) - small 18.2
Retford Golf Club Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements |
for the Period |
1 January 2018 to 31 March 2019 |
for |
Retford Golf Club Limited |
Retford Golf Club Limited (Registered number: 01096432) |
Contents of the Financial Statements |
for the Period 1 January 2018 to 31 March 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Retford Golf Club Limited |
Company Information |
for the Period 1 January 2018 to 31 March 2019 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
Chartered Accountants & Business Advisers |
Chancery Court |
34 West Street |
Retford |
Nottinghamshire |
DN22 6ES |
Retford Golf Club Limited (Registered number: 01096432) |
Balance Sheet |
31 March 2019 |
2019 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET ASSETS |
RESERVES |
Income and expenditure account |
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 |
Retford Golf Club Limited (Registered number: 01096432) |
Notes to the Financial Statements |
for the Period 1 January 2018 to 31 March 2019 |
1. | STATUTORY INFORMATION |
Retford Golf Club Limited is a |
registered number and registered office address can be found on the Company Information page. |
The financial statements have been prepared for a 15 month period to 31 March 2019. This is to align the financial year |
end to the membership subscription year. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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. |
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 period was |
Retford Golf Club Limited (Registered number: 01096432) |
Notes to the Financial Statements - continued |
for the Period 1 January 2018 to 31 March 2019 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 January 2018 |
Additions |
At 31 March 2019 |
DEPRECIATION |
At 1 January 2018 |
Charge for period |
At 31 March 2019 |
NET BOOK VALUE |
At 31 March 2019 |
At 31 December 2017 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2018 |
Additions |
At 31 March 2019 |
DEPRECIATION |
At 1 January 2018 |
Charge for period |
At 31 March 2019 |
NET BOOK VALUE |
At 31 March 2019 |
At 31 December 2017 |
Retford Golf Club Limited (Registered number: 01096432) |
Notes to the Financial Statements - continued |
for the Period 1 January 2018 to 31 March 2019 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under finance leases are as follows: |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2018 |
and 31 March 2019 |
DEPRECIATION |
At 1 January 2018 |
Charge for period |
At 31 March 2019 |
NET BOOK VALUE |
At 31 March 2019 |
At 31 December 2017 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2017 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2017 |
£ | £ |
Bank loans and overdrafts |
Finance leases (see note 8) |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2017 |
£ | £ |
Bank loans |
Finance leases (see note 8) |
Retford Golf Club Limited (Registered number: 01096432) |
Notes to the Financial Statements - continued |
for the Period 1 January 2018 to 31 March 2019 |
8. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Finance leases |
2019 | 2017 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable operating |
leases |
2019 | 2017 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2019 | 2017 |
£ | £ |
Bank loans |
Finance leases | 40,649 | 64,102 |
The finance lease liabilities are secured on the assets to which they relate. |
The NatWest bank loan is secured against the clubhouse. |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
11. | ULTIMATE CONTROLLING PARTY |
The controlling interest is jointly held by the members who vote in the committee. |
12. | LIMITED BY GUARANTEE |
The company is limited by guarantee and does not have any share capital. |