REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MELTHAM GOLF CLUB, LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2020 |
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MELTHAM GOLF CLUB, LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2020 |
|
|
|
|
|
MELTHAM GOLF CLUB, LIMITED (REGISTERED NUMBER: 00435899) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 May 2020 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
MELTHAM GOLF CLUB, LIMITED |
|
COMPANY INFORMATION |
for the year ended 31 May 2020 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Vernon House |
40 New North Road |
Huddersfield |
West Yorkshire |
HD1 5LS |
MELTHAM GOLF CLUB, LIMITED (REGISTERED NUMBER: 00435899) |
|
BALANCE SHEET |
31 May 2020 |
|
2020 | 2019 |
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 ASSETS/(LIABILITIES) |
|
( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
RESERVES |
General reserve | 7 |
|
|
Development fund VAT reserves | 7 |
|
|
Development fund Headyfields |
reserve | 7 |
|
|
Income and expenditure account | 7 |
|
|
|
|
|
|
|
|
|
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. |
MELTHAM GOLF CLUB, LIMITED (REGISTERED NUMBER: 00435899) |
|
BALANCE SHEET - continued |
31 May 2020 |
|
|
|
|
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 and authorised for issue on
|
|
|
|
|
|
|
|
|
|
|
MELTHAM GOLF CLUB, LIMITED (REGISTERED NUMBER: 00435899) |
|
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 May 2020 |
|
|
1. | STATUTORY INFORMATION |
|
Meltham Golf Club, Limited is a
|
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is recognised in the year in which the income relates to, excluding value added tax where applicable. |
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
No depreciation has been provided in respect of the freehold land and buildings. Though this is a departure from the Companies Act which requires all property to be depreciated, the directors feel that the residual value of the property exceeds the original cost and to provide depreciation would be inappropriate and therefore not show a true and fair view. |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
Taxation |
The club is exempt for corporation tax on it's normal day to day activities. |
|
Corporation tax is payable on any investment income and is charged to the profit and loss account to the year in which it relates. |
|
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 year was
|
MELTHAM GOLF CLUB, LIMITED (REGISTERED NUMBER: 00435899) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2020 |
|
|
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 June 2019 |
|
|
|
Additions |
|
|
|
At 31 May 2020 |
|
|
|
DEPRECIATION |
Charge for year |
|
|
|
At 31 May 2020 |
|
|
|
NET BOOK VALUE |
At 31 May 2020 |
|
|
|
At 31 May 2019 |
|
|
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
MELTHAM GOLF CLUB, LIMITED (REGISTERED NUMBER: 00435899) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2020 |
|
|
7. | RESERVES |
Income | Development |
and | Development | fund |
expenditure | General | fund VAT | Headyfields |
account | reserve | reserves | reserve | Totals |
£ | £ | £ | £ | £ |
|
At 1 June 2019 |
|
|
|
|
8,352 |
Deficit for the year | ( |
) | ( |
) |
Reserves introduced |
|
|
|
|
|
Depreciation adjustment | 18,897 | - | (7,621 | ) | (11,276 | ) | - |
Transfer of expenses | 66,909 | - | (17,076 | ) | (49,833 | ) | - |
At 31 May 2020 |
|
|
|
|
205,534 |
|
The Limited company took over the activities of the golf club on the 1 June 2019. The reserves introduced, which can be seen in note 8, are the balances on the funds that have been brought in to the business at the date of transfer. |
|
Some expenses and capital are purchased out of Vat Development fund and Headyfields Development fund. These expenses and depreciation on capital assets pass through the profit and loss account, but a reserves transfer is then done to correct the allocation of costs across the funds, as agreed by the committee. These transfers can also be seen at note 8 in the accounts. |