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Company Registration No. 00213727 (England and Wales)
BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) Unaudited accounts for the year ended 28 February 2017
BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) Unaudited accounts Contents
Page
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BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) Company Information for the year ended 28 February 2017
Directors
D BUTTERWORTH E COVERDALE D FAGIOLI W GULLANE B LIVESEY R MANSON J MCILWRATH D MCLELLAN J MORRIS H MERRIDEW J ROBINSON C RYDER H SCHOFIELD A SIMMONS J SUTTON
Company Number
00213727 (England and Wales)
Registered Office
CLUB HOUSE DEVONSHIRE ROAD BLACKPOOL NORTH SHORE FY2 0RD
Accountants
LATHAM COSTA LIMITED 8A PARK STREET LYTHAM LANCASHIRE FY8 5LU
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BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) Accountants' report
Accountants' report to the board of directors of BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) on the preparation of the unaudited statutory accounts for the year ended 28 February 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) for the year ended 28 February 2017 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE), as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE). You consider that BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE). For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
LATHAM COSTA LIMITED 8A PARK STREET LYTHAM LANCASHIRE FY8 5LU 31 March 2017
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BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) Statement of financial position as at 28 February 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,489,978 
1,517,647 
Current assets
Inventories
18,735 
14,270 
Debtors
10,720 
14,860 
Cash at bank and in hand
178,277 
164,974 
207,732 
194,104 
Creditors: amounts falling due within one year
(306,546)
(277,472)
Net current liabilities
(98,814)
(83,368)
Total assets less current liabilities
1,391,164 
1,434,279 
Creditors: amounts falling due after more than one year
(1,085,429)
(1,074,678)
Net assets
305,735 
359,601 
Reserves
Revaluation reserve
283,848 
286,847 
Profit and loss account
21,887 
72,754 
Members' funds
305,735 
359,601 
For the year ending 28 February 2017 the company was entitled to exemption from audit 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 March 2017.
B LIVESEY Director Company Registration No. 00213727
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BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) Notes to the Accounts for the year ended 28 February 2017
1
Statutory information
BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) is a private company, limited by guarantee, registered in England and Wales, registration number 00213727. The registered office is CLUB HOUSE, DEVONSHIRE ROAD, BLACKPOOL NORTH SHORE, FY2 0RD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 28 February 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises members' subscriptions and fees and receipts from the sale of goods and services supplied by the company, net of recoverable value added tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Freehold land 0%.long leasehold land and freehold buildings over 125 years from 1995,
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Stocks
Stocks have been valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks.Cost includes all direct costs.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. At the year end the Company had annual commitments under non cancellable operating leases of £667 (2016-£2,669) which expire within one year and £2,482 (2016-£4,468) which expire within two to five years.
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BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) Notes to the Accounts for the year ended 28 February 2017
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2016
1,689,813 
285,263 
332,454 
2,307,530 
At 28 February 2017
1,689,813 
285,263 
332,454 
2,307,530 
Depreciation
At 1 March 2016
220,422 
246,595 
322,866 
789,883 
Charge for the year
20,357 
5,173 
2,139 
27,669 
At 28 February 2017
240,779 
251,768 
325,005 
817,552 
Net book value
At 28 February 2017
1,449,034 
33,495 
7,449 
1,489,978 
At 29 February 2016
1,469,391 
38,668 
9,588 
1,517,647 
The freehold clubhouse and long leasehold golf course were revalued on 11th April 2003 by Peill and Company,Chartered Surveyors, on an open market existing use basis.
5
Inventories
2017 
2016 
£ 
£ 
Finished goods
18,735 
14,270 
18,735 
14,270 
6
Debtors
2017 
2016 
£ 
£ 
Accrued income and prepayments
10,720 
14,860 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Bank loans and overdrafts
38,834 
38,914 
Trade creditors
10,437 
17,842 
Taxes and social security
5,320 
4,168 
Other creditors
36,415 
43,449 
Accruals
17,600 
13,220 
Deferred income
197,940 
159,879 
306,546 
277,472 
Included in other creditors is a figure of £19,235 (2016-£19235) in respect of members voluntary loans (first issue). These loans are unsecured, interest free and repayable on demand.
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BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) Notes to the Accounts for the year ended 28 February 2017
8
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Bank loans
640,821 
666,810 
Other creditors
444,608 
407,868 
1,085,429 
1,074,678 
Aggregate of amounts that fall due for payment after five years
522,621 
544,076 
The bank loans are secured by a first legal charge over freehold and leasehold deeds relating to the freehold and leasehold land and buildings. Included in other creditors are figures of £235,138 (2016-£241,335) in respect of members mandatory loans and £209,470 (2016-166,533) in respect of members voluntary loans (second issue). The mandatory loans are unsecured, interest free and repayable only in the event of membership ceasing. The voluntary loans (second issue) are unsecured, interest free and repayable after one months notice at the year end.
9
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
10
Post balance sheet events
On 28th March 2017, a severance payment of £22,000 was made to Mr I Gunn,head greenkeeper, on termination of his employment with the Club. This figure will be included in the 2018 Accounts.
11
Average number of employees
During the year the average number of employees was 10 (2016: 10).
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