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BLACKWELL GOLF CLUB LIMITED |
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Unaudited Financial Statements for the Year Ended 31 December 2019 |
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BLACKWELL GOLF CLUB LIMITED |
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Unaudited Financial Statements for the Year Ended 31 December 2019 |
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BLACKWELL GOLF CLUB LIMITED (REGISTERED NUMBER: 00179152) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2019 |
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Page |
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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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BLACKWELL GOLF CLUB LIMITED |
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Company Information |
for the Year Ended 31 December 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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88 Hill Village Road |
Sutton Coldfield |
West Midlands |
B75 5BE |
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BANKERS: |
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6 Topaz Business Park |
Birmingham Road |
Bromsgrove |
Worcestershire |
B61 0GD |
BLACKWELL GOLF CLUB LIMITED (REGISTERED NUMBER: 00179152) |
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Balance Sheet |
31 December 2019 |
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2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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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 LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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( |
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NET ASSETS |
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RESERVES |
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. |
BLACKWELL GOLF CLUB LIMITED (REGISTERED NUMBER: 00179152) |
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Balance Sheet - continued |
31 December 2019 |
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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 on
behalf by: |
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JA Cox - Director | NH Stockbridge - Director |
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JH Markham - Director |
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BLACKWELL GOLF CLUB LIMITED (REGISTERED NUMBER: 00179152) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2019 |
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1. | STATUTORY INFORMATION |
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Blackwell Golf Club Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | 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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Depreciation |
Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives, after |
allowing for their residual value, at the following rates: |
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Freehold property improvements | 4% straight line |
Mowing machines and implements | 7.5% in year of acquisition, 15% straight line thereafter |
Irrigation system | 4% straight line |
Fixtures and fittings | 7.5% in year of acquisition, 15% straight line thereafter |
Computers | 20% straight line |
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Depreciation has not been provided on the freehold course and buildings because, in the view of the |
Committee, the value is substantially in excess of the book value. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Pension costs |
The company operated a defined contribution pension scheme for employees. The assets of the |
scheme are held separately from those of the company. The annual contributions payable are charged |
to the income and expenditure account. |
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Company limited by guarantee |
The company is limited by guarantee. The members's guarantee is limited to £2.10 each. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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BLACKWELL GOLF CLUB LIMITED (REGISTERED NUMBER: 00179152) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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5. | TANGIBLE FIXED ASSETS |
Computers, |
Course | fixtures |
Freehold | plant and | and |
property | machinery | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2019 |
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Additions |
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Disposals |
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At 31 December 2019 |
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DEPRECIATION |
At 1 January 2019 |
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Charge for year |
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Eliminated on disposal |
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( |
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At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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At 31 December 2018 |
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Included in the total net book value of the tangible fixed assets held at 31 December 2019 was |
£33,387 (2018: £54,943) in respect of assets held under finance leases and hire purchase contracts. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Hire purchase contracts |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
£ | £ |
Hire purchase contracts |
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Other creditors |
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Advanced subscriptions will be written off to the profit and loss account using appropriate annual |
subscription rates until fully amortised. |
BLACKWELL GOLF CLUB LIMITED (REGISTERED NUMBER: 00179152) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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9. | CAPITAL COMMITMENTS |
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There were capital commitments of £30,000 at 31 December 2019 (2018: £40,000). |
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10. | RELATED PARTY DISCLOSURES |
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No transactions with related parties were undertaken such as are required to be disclosed under FRS |
102 Section 1A. |
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11. | CONTROL |
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The company was under the control of its members throughout the current and previous year. |