Golfplay Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06763641 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

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

Carlton House

101 New London Road

Chelmsford

Essex

CM2 0PP

FIXED ASSETS

Tangible assets

3

182,917

182,917

CURRENT ASSETS

Debtors

4

125,804

141,839

Cash at bank and in hand

2,638

76

128,442

141,915

CREDITORS

Amounts falling due within one year

5

(40,687

)

(36,497

)

NET CURRENT ASSETS

87,755

105,418

TOTAL ASSETS LESS CURRENT LIABILITIES

270,672

288,335

CREDITORS

Amounts falling due after more than one year

6

(251,269

)

(270,773

)

NET ASSETS

19,403

17,562

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

19,401

17,560

SHAREHOLDERS' FUNDS

19,403

17,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 15th December 2017 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 2016

and 31st March 2017

182,917

NET BOOK VALUE

At 31st March 2017

182,917

At 31st March 2016

182,917

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed by participating interests

125,804

141,839

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

18,354

17,203

Trade creditors

(1

)

-

Amounts owed to participating interests

21,688

19,108

Taxation and social security

646

186

40,687

36,497

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

251,269

270,773

7.	RELATED PARTY DISCLOSURES

As at the balance sheet date the company was owed £125,804 (2016 - £141,839) by Golfwise

Limited. During the year the company received £15,000 (2016 - £15,000 of income from Golfwise

Limited..

8.	ULTIMATE CONTROLLING PARTY

The controlling party is D I Bugg.