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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 2018
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 2018
Directors
G Barlow D Brennand K Brennand JP Collis S Crolla W Dugdale RC Edga S Egan J Hayhurst R Kirkham B Livsey H Merridew J Morris G Shaw K Smart
Company Number
00213727 (England and Wales)
Registered Office
CLUB HOUSE DEVONSHIRE ROAD BLACKPOOL NORTH SHORE FY2 0RD
Accountants
LATHAM COSTA LIMITED 6 BARNFIELD BLACKSTONE EDGE OLD ROAD LITTLEBOROUGH OL15 0JL
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BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) for the year ended 28 February 2018
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 2018 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
LATHAM COSTA LIMITED Chartered Accountants 6 BARNFIELD BLACKSTONE EDGE OLD ROAD LITTLEBOROUGH OL15 0JL 29 March 2018
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BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) Statement of financial position as at 28 February 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,475,644 
1,489,978 
Current assets
Inventories
15,510 
18,735 
Debtors
8,280 
10,720 
Cash at bank and in hand
194,981 
178,277 
218,771 
207,732 
Creditors: amounts falling due within one year
(305,052)
(306,546)
Net current liabilities
(86,281)
(98,814)
Total assets less current liabilities
1,389,363 
1,391,164 
Creditors: amounts falling due after more than one year
(1,035,722)
(1,085,429)
Net assets
353,641 
305,735 
Reserves
Revaluation reserve
280,849 
283,848 
Profit and loss account
72,792 
21,887 
Members' funds
353,641 
305,735 
For the year ending 28 February 2018 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 29 March 2018.
JP Collis 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 2018
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of the Golf Course and Club House.
Presentation currency
The accounts are presented in £ sterling.
Income
Income 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: The depreciation charge on the Golf Course and Club House includes an amount attributable to a revaluation surplus. A corresponding amount is transferred from the Revaluation Reserve to the Income and Expenditure account.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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BLACKPOOL NORTH SHORE GOLF CLUB.LIMITED(THE) Notes to the Accounts for the year ended 28 February 2018
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2017
1,689,813 
285,263 
332,454 
2,307,530 
Additions
- 
15,930 
- 
15,930 
Disposals
- 
(2,210)
- 
(2,210)
At 28 February 2018
1,689,813 
298,983 
332,454 
2,321,250 
Depreciation
At 1 March 2017
240,779 
251,768 
325,005 
817,552 
Charge for the year
20,357 
7,716 
2,190 
30,263 
On disposals
- 
(2,209)
- 
(2,209)
At 28 February 2018
261,136 
257,275 
327,195 
845,606 
Net book value
At 28 February 2018
1,428,677 
41,708 
5,259 
1,475,644 
At 28 February 2017
1,449,034 
33,495 
7,449 
1,489,978 
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
2018 
2017 
£ 
£ 
Raw materials
15,510 
18,735 
15,510 
18,735 
6
Debtors
2018 
2017 
£ 
£ 
Accrued income and prepayments
8,280 
10,720 
7
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Bank loans and overdrafts
38,834 
38,834 
Trade creditors
21,109 
10,437 
Taxes and social security
4,015 
5,320 
Other creditors
68,227 
36,415 
Accruals
9,170 
17,600 
Deferred income
163,697 
197,940 
305,052 
306,546 
Included in other creditors is a figure of £19,235 (2017-£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 2018
8
Creditors: amounts falling due after more than one year
2018 
2017 
£ 
£ 
Bank loans
613,258 
640,821 
Other creditors
422,464 
444,608 
1,035,722 
1,085,429 
Aggregate of amounts that fall due for payment after five years
499,851 
522,621 
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 £225,659 (2017-£235,138) in respect of members mandatory loans and £196,805 (2017-209,470) 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
Operating lease commitments
2018 
2017 
£ 
£ 
At 28 February 2018 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
497 
667 
Within two to five years
33,415 
2,482 
33,912 
3,149 
11
Average number of employees
During the year the average number of employees was 10 (2017: 10).
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