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

REGISTERED NUMBER: 06763641 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

FOR

GOLFPLAY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

FIXED ASSETS

Tangible assets

4

256,403

257,775

CURRENT ASSETS

Debtors

5

31,776

-

Cash at bank and in hand

25,018

27,370

56,794

27,370

CREDITORS

Amounts falling due within one year

6

(229,730

)

(230,112

)

NET CURRENT LIABILITIES

(172,936

)

(202,742

)

TOTAL ASSETS LESS CURRENT LIABILITIES

83,467

55,033

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

83,465

55,031

SHAREHOLDERS' FUNDS

83,467

55,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 and authorised for issue on 13th September 2022 and were signed by:

J Bugg - Director

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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Plant and machinery etc

-

20% on reducing balance

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2021

and 31st March 2022

250,917

10,500

261,417

DEPRECIATION

At 1st April 2021

-

3,642

3,642

Charge for year

-

1,372

1,372

At 31st March 2022

-

5,014

5,014

NET BOOK VALUE

At 31st March 2022

250,917

5,486

256,403

At 31st March 2021

250,917

6,858

257,775

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

31,776

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

6,858

5,466

Other creditors

222,872

224,646

229,730

230,112

7.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed J Bugg £71,299 (2021: £71,299).

At the balance sheet date the company owed Golfwise Ltd £134,881 (2021: £134,331). Golfwise Properties Limited £6,628 (2021: £6,628), , Croydon Golf Limited £7,030 (2021: £7,030) and Hall Lane Golf Limited £3,034 (2021: £3,034). They were owed £31,776 (2021: owed £2,324) by Palewell Golf & Tennis limited

8.	ULTIMATE CONTROLLING PARTY

The controlling party is J Bugg.