Rothley Park Golf Club Ltd - Period Ending 2022-03-31
Rothley Park Golf Club Ltd - Period Ending 2022-03-31
Registration number:
Rothley Park Golf Club Ltd
trading as
(A company limited by guarantee)
for the Year Ended 31 March 2022
Rothley Park Golf Club Ltd
trading as Rothley Park Golf Club
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Rothley Park Golf Club Ltd
trading as Rothley Park Golf Club
Company Information
Directors |
J. W. Perry H. A. Z. Morrell D. M. Hastings D. J. Lowe R. W. Laurie P. A. Watson |
Registered office |
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Rothley Park Golf Club Ltd
trading as Rothley Park Golf Club
(Registration number: 11145649)
Balance Sheet as at 31 March 2022
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2022 |
2021 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Other reserves |
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General reserves |
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Shareholders' funds |
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Rothley Park Golf Club Ltd
trading as Rothley Park Golf Club
(Registration number: 11145649)
Balance Sheet as at 31 March 2022
For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Rothley Park Golf Club Ltd
trading as Rothley Park Golf Club
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
General information |
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises members' club subscriptions receivable and other golfing and ancillary income receivable from members and visitors, which is recognised on provision of services. Members' joining fees are recognised on receipt and ongoing membership fees are received in advance and released to the profit and loss account over the relevant period.
Rothley Park Golf Club Ltd
trading as Rothley Park Golf Club
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Freehold property |
Not depreciated |
Clubhouse improvements |
10% straight line |
Course buildings |
5% straight line |
Fixtures, fittings and heavy plant |
15% straight line |
Course equipment |
20% straight line |
Irrigation system |
5% straight line |
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Cost is the actual purchase cost including, where appropriate, inwards carriage. Selling price is the price at which the stock can be realised in the normal course of business. Provision is made for slow moving stocks.
Rothley Park Golf Club Ltd
trading as Rothley Park Golf Club
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the useful life of the asset. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Rothley Park Golf Club Ltd
trading as Rothley Park Golf Club
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
Loss/profit before tax |
Arrived at after charging:
2022 |
2021 |
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Depreciation |
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Tangible assets |
Freehold land and buildings |
Fixtures, fittings and heavy plant |
Course equipment and irrigation system |
Total |
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Cost or valuation |
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At 1 April 2021 |
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Additions |
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At 31 March 2022 |
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Depreciation |
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At 1 April 2021 |
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Charge for the year |
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At 31 March 2022 |
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Carrying amount |
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At 31 March 2022 |
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At 31 March 2021 |
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Rothley Park Golf Club Ltd
trading as Rothley Park Golf Club
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
Investments |
2022 |
2021 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 April 2021 |
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At 31 March 2022 |
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Carrying amount |
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At 31 March 2022 |
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At 31 March 2021 |
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Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2022 |
2021 |
Subsidiary undertakings |
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Westfield Lane, Rothley, Leicester, LE7 7LH |
Ordinary |
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The principal activity of Rothley Park Golf Course Company Limited is |
The profit for the financial period of Rothley Park Golf Course Company Limited was £- and the aggregate amount of capital and reserves at the end of the period was £1. |
Rothley Park Golf Club Ltd
trading as Rothley Park Golf Club
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
Stocks |
2022 |
2021 |
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Stock for usage |
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Debtors |
Current |
2022 |
2021 |
Trade debtors |
- |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2022 |
2021 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors include net obligations under hire purchase contracts which are secured of £7,720 (2021 - £35,952).
Rothley Park Golf Club Ltd
trading as Rothley Park Golf Club
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
Creditors: amounts falling due after more than one year
Note |
2022 |
2021 |
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Due after one year |
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Loans and borrowings |
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Accruals and prepaid income |
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- |
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128,208 |
146,219 |
Creditors include net obligations under hire purchase contracts which are secured of £nil (2021 - £2,996).
Loans and borrowings |
2022 |
2021 |
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Non-current loans and borrowings |
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HP and finance lease liabilities |
- |
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Members' loans |
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2022 |
2021 |
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Current loans and borrowings |
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Hire purchase contracts |
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