back to NORTHENDEN GOLF CLUB LIMITED detail Northenden Golf Club Limited Accounts
Northenden Golf Club Limited FILLETED ACCOUNTS COVER
Northenden Golf Club Limited
Company No. 00126279
Information for Filing with The Registrar
31 March 2018
Northenden Golf Club Limited DIRECTORS REPORT REGISTRAR
The Directors present their report and the accounts for the year ended 31 March 2018.
Principal activities
The principal activity of the company during the year under review was landowner.
Directors
The Directors who served at any time during the year were as follows:
J.J. Collins
H. Foster
R.E. Harris
M.P. Thomas
V.P. Walsh
(Resigned 2 November 2017)
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
R.E. Harris
Director
25 October 2018
Northenden Golf Club Limited BALANCE SHEET REGISTRAR
at
31 March 2018
Company No.
00126279
Notes
2018
2017
£
£
Fixed assets
Tangible assets
2
1,450,0001,450,000
1,450,0001,450,000
Current assets
Debtors
3
476,723460,889
Cash at bank and in hand
(49,998)
213
426,725461,102
Creditors: Amount falling due within one year
4
(44,633)
(45,117)
Net current assets
382,092415,985
Total assets less current liabilities
1,832,0921,865,985
Creditors: Amounts falling due after more than one year
5
(338,356)
(375,449)
Net assets
1,493,7361,490,536
Capital and reserves
Called up share capital
393,235390,035
Revaluation reserve
7
(503,017)
(503,017)
Profit and loss account
7
1,603,5181,603,518
Total equity
1,493,7361,490,536
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 25 October 2018
And signed on its behalf by:
R.E. Harris
Director
Northenden Golf Club Limited NOTES TO THE ACCOUNTS REGISTRAR
for the year ended 31 March 2018
1
Accounting policies
Basis of preparation
The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.
Turnover
Turnover represents amounts recharged and is measured at the fair value of the consideration received or receivable.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Freehold buildings
0% None
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2
Tangible fixed assets
Land and buildings
Total
£
£
Cost or revaluation
At 1 April 2017
1,450,0001,450,000
At 31 March 2018
1,450,0001,450,000
Net book values
At 31 March 2018
1,450,0001,450,000
At 31 March 2017
1,450,0001,450,000
3
Debtors
2018
2017
£
£
Amounts owed by group undertakings
476,723460,889
476,723460,889
4
Creditors:
amounts falling due within one year
2018
2017
£
£
Bank loans and overdrafts
36,50036,500
Other loans
3,0003,000
Accruals and deferred income
5,1335,617
44,63345,117
5
Creditors:
amounts falling due after more than one year
2018
2017
£
£
Bank loans and overdrafts
338,356375,449
338,356375,449
Liabilities repayable in more than five years after the balance sheet date
Amount repayable by instalments
192,356
229,449
192,356229,449
Loan secured by charges on company's freehold land and buildings. On 19 October 2014 the clubhouse was totally destroyed by a fire. Construction on the new clubhouse started in 2015 and completed in June 2016.
6
Creditors: secured liabilities
2018
2017
£
£
The aggregate amount of secured liabilities included within creditors
374,856411,949
7
Reserves
Revaluation Reserve
Total other reserves
£
£
Movement on revaluation reserve
(503,017)
(503,017)
At 31 March 2017 and 1 April 2017
(503,017)
(503,017)
At 31 March 2018
(503,017)
(503,017)
Revaluation reserve - reflects the revaluation of property other than investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
8
Related party disclosures
2018
2017
Transactions with related parties
£
£
Name of related party
Northenden Golf Club
Description of relationship between the parties
The Members of Northenden Golf Club own the shares of Northenden Golf Club Ltd
Description of transaction and general amounts involved
Northenden Golf Club Ltd recharges expenses and loaned money to Northenden Golf Club
Amount due from/(to) the related party
476,723460,889
Controlling parties
Immediate controlling party
The Directors
Ultimate controlling party
The Members of Northenden Golf Club
9
Additional information
Its registered number is:
00126279
Its registered office is:
Rivers Lawn
Palatine Road
Northenden
Cheshire
M22 4FR
Northenden Golf Club Limited0012627931 March 201801 April 2017false25 October 2018BTCSoftware AP Solution 2018 5.4.055.4.05true001262792017-04-012018-03-31001262792018-03-31001262792017-03-3100126279core:WithinOneYear2018-03-3100126279core:WithinOneYear2017-03-3100126279core:AfterOneYear2018-03-3100126279core:AfterOneYear2017-03-3100126279core:ShareCapital2018-03-3100126279core:ShareCapital2017-03-3100126279core:RevaluationReserve2018-03-3100126279core:RevaluationReserve2017-03-3100126279core:RetainedEarningsAccumulatedLosses2018-03-3100126279core:RetainedEarningsAccumulatedLosses2017-03-3100126279core:OwnedOrFreeholdAssetscore:LandBuildings2017-04-012018-03-3100126279core:LandBuildings2017-04-01001262792017-04-0100126279core:LandBuildings2018-03-3100126279core:LandBuildings2017-03-3100126279core:MoreThanFiveYears2018-03-3100126279core:MoreThanFiveYears2017-03-3100126279core:AfterOneYear2017-04-012018-03-3100126279core:Secured2018-03-3100126279core:Secured2017-03-3100126279core:RevaluationReservecore:PriorPeriodIncreaseDecrease2016-04-0100126279core:OtherReservesSubtotalcore:PriorPeriodIncreaseDecrease2016-04-0100126279core:RevaluationReserve2017-04-0100126279core:OtherReservesSubtotal2017-04-0100126279core:OtherReservesSubtotal2018-03-3100126279core:RevaluationReserve2017-04-012018-03-3100126279core:RetainedEarningsAccumulatedLosses2017-04-012018-03-3100126279core:EntityWithJointControlOrSignificantInfluence12017-04-012018-03-3100126279core:EntityWithJointControlOrSignificantInfluence12018-03-3100126279core:EntityWithJointControlOrSignificantInfluence12017-03-3100126279bus:RegisteredOffice2017-04-012018-03-3100126279bus:SmallEntities2017-04-012018-03-3100126279bus:FullAccounts2017-04-012018-03-3100126279bus:AuditExempt-NoAccountantsReport2017-04-012018-03-3100126279bus:Director32017-04-012018-03-3100126279bus:PrivateLimitedCompanyLtd2017-04-012018-03-31iso4217:GBP