REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 AUGUST 2022 |
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THE ROBIN HOOD GOLF CLUB LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 AUGUST 2022 |
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FOR |
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THE ROBIN HOOD GOLF CLUB LIMITED |
THE ROBIN HOOD GOLF CLUB LIMITED (REGISTERED NUMBER: 00128805) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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THE ROBIN HOOD GOLF CLUB LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Corner Oak |
1 Homer Road |
Solihull |
B91 3QG |
THE ROBIN HOOD GOLF CLUB LIMITED (REGISTERED NUMBER: 00128805) |
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BALANCE SHEET |
31 AUGUST 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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RESERVES |
Revaluation reserve |
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Income and expenditure account |
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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 ROBIN HOOD GOLF CLUB LIMITED (REGISTERED NUMBER: 00128805) |
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BALANCE SHEET - continued |
31 AUGUST 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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THE ROBIN HOOD GOLF CLUB LIMITED (REGISTERED NUMBER: 00128805) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2022 |
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1. | STATUTORY INFORMATION |
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The Robin Hood Golf Club Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. |
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Tangible fixed assets |
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Freehold land | - not depreciated |
Fixtures, fittings and equipment | - 10% straight line |
Kitchen equipment | - 20% straight line |
Tractors and tools | - 20% straight line |
Course buildings | - 2% straight line |
Greenkeeper shed | - 2% straight line |
Course drainage and irrigation | - 2% straight line |
Ladies locker room and invalid lift | - 10% straight line |
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Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in surplus or deficit. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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THE ROBIN HOOD GOLF CLUB LIMITED (REGISTERED NUMBER: 00128805) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2022 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Government grants |
Grants are accounted for under the accruals model as permitted by FRS 102 (Section 1A). Grants of a |
revenue nature are recognised in the profit and loss account in the same period as the related |
expenditure. Government grants relate to the receipt of Coronavirus Job Retention Scheme income |
and are included within other income. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 September 2021 |
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Additions |
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At 31 August 2022 |
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DEPRECIATION |
At 1 September 2021 |
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Charge for year |
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At 31 August 2022 |
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NET BOOK VALUE |
At 31 August 2022 |
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At 31 August 2021 |
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Included in freehold property is freehold land at a cost of £199,300 (2021: £199,300), which is not depreciated. |
THE ROBIN HOOD GOLF CLUB LIMITED (REGISTERED NUMBER: 00128805) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2022 |
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5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 September 2021 |
and 31 August 2022 |
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NET BOOK VALUE |
At 31 August 2022 |
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At 31 August 2021 |
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The 2022 valuations were made by the directors, on an open market value, supported by an external valuation undertaken in 2018. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors | ( |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | ULTIMATE CONTROLLING PARTY |
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The ownership of the company is such that there is no controlling party. |
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9. | LIMITED BY GUARANTEE |
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The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £2 towards the assets of the company in the event of liquidation. |