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

WALTON HEATH GOLF CLUB LIMITED - Company Information

IRIS Accounts Production v20.1.0.635 01021637 Board of Directors Board of Directors 1.10.18 30.9.19 30.9.19 20.11.19 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure010216372018-09-30010216372019-09-30010216372018-10-012019-09-30010216372017-09-30010216372017-10-012018-09-30010216372018-09-3001021637ns15:EnglandWales2018-10-012019-09-3001021637ns14:PoundSterling2018-10-012019-09-3001021637ns10:Director12018-10-012019-09-3001021637ns10:Director22018-10-012019-09-3001021637ns10:CompanyLimitedByGuarantee2018-10-012019-09-3001021637ns10:SmallEntities2018-10-012019-09-3001021637ns10:Audited2018-10-012019-09-3001021637ns10:SmallCompaniesRegimeForDirectorsReport2018-10-012019-09-3001021637ns10:SmallCompaniesRegimeForAccounts2018-10-012019-09-3001021637ns10:FullAccounts2018-10-012019-09-3001021637ns10:Director42018-10-012019-09-3001021637ns10:Director52018-10-012019-09-3001021637ns10:Director62018-10-012019-09-3001021637ns10:Director82018-10-012019-09-3001021637ns10:Director102018-10-012019-09-3001021637ns10:Director112018-10-012019-09-3001021637ns10:CompanySecretary12018-10-012019-09-3001021637ns10:RegisteredOffice2018-10-012019-09-3001021637ns5:CurrentFinancialInstruments2019-09-3001021637ns5:CurrentFinancialInstruments2018-09-3001021637ns5:Non-currentFinancialInstruments2019-09-3001021637ns5:Non-currentFinancialInstruments2018-09-3001021637ns5:FurtherSpecificReserve1ComponentTotalEquity2019-09-3001021637ns5:FurtherSpecificReserve1ComponentTotalEquity2018-09-3001021637ns5:FurtherSpecificReserve2ComponentTotalEquity2019-09-3001021637ns5:FurtherSpecificReserve2ComponentTotalEquity2018-09-3001021637ns5:RetainedEarningsAccumulatedLosses2019-09-3001021637ns5:RetainedEarningsAccumulatedLosses2018-09-3001021637ns5:PlantMachinery2018-09-3001021637ns5:PlantMachinery2018-10-012019-09-3001021637ns5:PlantMachinery2019-09-3001021637ns5:PlantMachinery2018-09-3001021637ns5:CurrentFinancialInstrumentsns5:WithinOneYear2019-09-3001021637ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-09-3001021637ns5:RetainedEarningsAccumulatedLosses2018-09-3001021637ns5:FurtherSpecificReserve1ComponentTotalEquity2018-09-3001021637ns5:FurtherSpecificReserve2ComponentTotalEquity2018-09-3001021637ns5:RetainedEarningsAccumulatedLosses2018-10-012019-09-30

REGISTERED NUMBER: 01021637 (England and Wales)

WALTON HEATH GOLF CLUB LIMITED

Financial Statements for the Year Ended 30 September 2019

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTORS:

Dr A J Wells

G J Williams

I D Cruickshank

R S Grover

J C Waud

P R Hawkins

D G Clarke

Mrs A Taylor

SECRETARY:

S N Christie

REGISTERED OFFICE:

Deans Lane

Walton-on-the-Hill

Tadworth

Surrey

KT20 7TP

REGISTERED NUMBER:

01021637 (England and Wales)

AUDITORS:

Tudor John Limited

Chartered Accountants and Statutory Auditors

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

FIXED ASSETS

Tangible assets

2,029,822

2,079,668

CURRENT ASSETS

Stocks

34,781

38,043

Debtors

305,112

314,135

Cash at bank

2,220,904

2,281,376

2,560,797

2,633,554

CREDITORS

Amounts falling due within one year

1,358,710

1,458,409

NET CURRENT ASSETS

1,202,087

1,175,145

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,231,909

3,254,813

CREDITORS

Amounts falling due after more than one
year

18,560

NET ASSETS

3,213,349

3,236,253

RESERVES

Endowment fund

11,883

12,782

Courses and Clubhouse reserve

667,080

Income and expenditure account

2,534,386

2,556,391

3,213,349

3,236,253

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 on 20 November 2019 and were signed on its behalf
by:

Dr A J Wells - Director

D G Clarke - Director

1.	STATUTORY INFORMATION

Walton Heath 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

STATUS OF THE COMPANY

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.

The financial statements are presented in Sterling which is the functional currency of the Company.

The Company is limited by guarantee and does not have a share capital.

Every Member of the Company undertakes to contribute to the assets if the Company in the event of its being

wound up while he/she is a Member, or within one year after he/she ceases to be a Member, for payment of the

debts and liabilities of the Company contracted before he/she ceased to be a Member, and of the costs, charges

and expenses of winding up, and for the adjustment of the rights of the contributories among themselves, such

amount as may be required not exceeding five pounds.

SUBSCRIPTION INCOME

Subscriptions are levied for the year to 31 March, whilst the Company accounts are drawn up to 30 September.

Each year's subscriptions are apportioned to the relevant accounting years, the amount received in respect of a

subsequent period being carried forward in creditors.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Clubhouse and other buildings

40 years

Irrigation and water storage systems

20 years

Furnishings and fittings

10 years

Solar Panelling

7 years

Motor vehicles, green-keeping equipment, computer and other equipment

5 years

Residential freehold premises are not depreciated but reviewed annually for impairment.

Major repairs and improvements to existing fixed assets are charged against revenue in the year in which they are

incurred.

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

Rentals paid under operating leases are charged to the Income and Expenditure account as incurred.

PENSIONS

The Company operates a defined contribution pension scheme. Contributions payable for the year are charged in

the Income and Expenditure account.

ENDOWMENT FUND

Cash gifts to the Endowment Fund, which is separately administered, are transferred to, and then held, in the

Fund Reserve until such time as they are expended.

ENTRANCE FEES

Entrance fees are credited to the Income and Expenditure Account when due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2018 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

COST

At 1 October 2018

5,073,127

Additions

141,410

Disposals

(173,095

)

At 30 September 2019

5,041,442

DEPRECIATION

At 1 October 2018

2,993,459

Charge for year

191,256

Eliminated on disposal

(173,095

)

At 30 September 2019

3,011,620

NET BOOK VALUE

At 30 September 2019

2,029,822

At 30 September 2018

2,079,668

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

Trade debtors

205,651

226,779

Other debtors

99,461

87,356

305,112

314,135

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

Trade creditors

117,504

139,415

Tax

3,344

1,528

Social security and other taxes

3,664

36,064

VAT

68,361

64,576

Other creditors

70,550

75,673

Accruals and deferred income

1,095,287

1,141,153

1,358,710

1,458,409

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2019

2018

Long-term loans

18,560

RESERVES

Income

Courses

and

expenditure

Endowment

Clubhouse

account

fund

reserve

Totals

At 1 October 2018

2,556,391

12,782

667,080

3,236,253

Deficit for the year

(22,005

)

(22,005

)

Endowment expenditure

(899

)

(899

)

At 30 September 2019

2,534,386

11,883

667,080

3,213,349

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

The Report of the Auditors was unqualified.

Donald Nelson FCA (Senior Statutory Auditor)

for and on behalf of Tudor John Limited

10.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns

to the tax authorities, process the company's payroll and assist with the preparation of the financial statements.