Golfplay Limited - Accounts to registrar (filleted) - small 18.2

Golfplay Limited - Accounts to registrar (filleted) - small 18.2

GOLFPLAY LIMITED - Company Information

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REGISTERED NUMBER: 06763641 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2019

FOR

GOLFPLAY LIMITED
GOLFPLAY LIMITED (REGISTERED NUMBER: 06763641)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GOLFPLAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2019







DIRECTOR: J Bugg





REGISTERED OFFICE: The Mount
71 East Street
Coggeshall
Essex
CO6 1SL





REGISTERED NUMBER: 06763641 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, The Hamilton Centre
Rodney Way
Chelmsford
Essex
CM1 3BY
Page 1
GOLFPLAY LIMITED (REGISTERED NUMBER: 06763641)

BALANCE SHEET
31ST MARCH 2019

2019 2018
Notes £    £   
FIXED ASSETS
Tangible assets 3 182,917 182,917

CURRENT ASSETS
Debtors 4 97,270 111,867
Cash at bank and in hand 2,822 2,635
100,092 114,502
CREDITORS
Amounts falling due within one year 5 (47,565 ) (44,964 )
NET CURRENT ASSETS 52,527 69,538
TOTAL ASSETS LESS CURRENT
LIABILITIES
235,444
252,455

CREDITORS
Amounts falling due after more than
one year
6
(210,256
)
(229,808
)
NET ASSETS 25,188 22,647

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 25,186 22,645
SHAREHOLDERS' FUNDS 25,188 22,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 profit or loss 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20th December 2019 and were signed by:





J Bugg - Director


The notes form part of these financial statements

Page 2
GOLFPLAY LIMITED (REGISTERED NUMBER: 06763641)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2019


1. STATUTORY INFORMATION

Golfplay Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive income
or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed
at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that
are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

3. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st April 2018
and 31st March 2019 182,917
NET BOOK VALUE
At 31st March 2019 182,917
At 31st March 2018 182,917

Page 3 continued...
GOLFPLAY LIMITED (REGISTERED NUMBER: 06763641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2019


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 97,270 111,867

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 19,665 19,778
Amounts owed to participating interests - 3,068
Taxation and social security 596 761
Other creditors 27,304 21,357
47,565 44,964

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans 210,256 229,808

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 131,595 150,696

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed J Bugg £6,299 (2018: £399).

At the balance sheet date the company was owed £97,270 (2018: £111,867) by Golfwise Limited.
At the balance sheet date the company owed Golfwise Properties Limited £6,628 (2018: £8,228),
Palewell Golf & Tennis limited £4,313 (2018: £5,750), Croydon Golf Limited £7,030 (2018:
£6,980) and Hall Lane Golf Limited £3,034 (2018: £3,068).

During the year the company received £15,000 (2018: £15,000) of income from Golfwise Limited.

8. ULTIMATE CONTROLLING PARTY

The controlling party is J Bugg.

Page 4