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REGISTERED NUMBER: SC464187 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2021

for

St Andrews Golf Travel Limited

St Andrews Golf Travel Limited (Registered number: SC464187)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

St Andrews Golf Travel Limited

Company Information
for the Year Ended 30 November 2021







DIRECTORS: G P Dawson
M J W Gentles





REGISTERED OFFICE: 12 Abbey Street
St Andrews
Fife
KY16 9LA





REGISTERED NUMBER: SC464187 (Scotland)





ACCOUNTANTS: Sharles CA
29 Brandon Street
Hamilton
ML3 6DA

St Andrews Golf Travel Limited (Registered number: SC464187)

Balance Sheet
30 November 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,198 94,392

CURRENT ASSETS
Debtors 6 1,311,480 901,668
Cash at bank and in hand 1,739,916 942,004
3,051,396 1,843,672
CREDITORS
Amounts falling due within one year 7 2,494,438 1,424,049
NET CURRENT ASSETS 556,958 419,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

558,156

514,015

CREDITORS
Amounts falling due after more than one
year

8

38,172

125,015
NET ASSETS 519,984 389,000

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 519,982 388,998
SHAREHOLDERS' FUNDS 519,984 389,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

St Andrews Golf Travel Limited (Registered number: SC464187)

Balance Sheet - continued
30 November 2021


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 Board of Directors and authorised for issue on 25 August 2022 and were signed on its behalf by:




G P Dawson - Director



M J W Gentles - Director


St Andrews Golf Travel Limited (Registered number: SC464187)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

St Andrews Golf Travel Limited is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from services supplied by the company.
Turnover is measured at the fair value of services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 20% on cost

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment loss.
At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

Government grants
Grants which are considered to be revenue in nature are credited to the profit and loss account in the period to which they relate. Grants of a capital nature are reflected as deferred income in the balance sheet and released to the profit and loss account over the estimated useful life of the assets to which they relate.

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.


St Andrews Golf Travel Limited (Registered number: SC464187)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

3. ACCOUNTING POLICIES - continued
Deferred taxation
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement on a straight line basis.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2020 104,880 64,783 169,663
Additions - 1,498 1,498
Disposals (104,880 ) - (104,880 )
At 30 November 2021 - 66,281 66,281
DEPRECIATION
At 1 December 2020 10,488 64,783 75,271
Charge for year - 300 300
Eliminated on disposal (10,488 ) - (10,488 )
At 30 November 2021 - 65,083 65,083
NET BOOK VALUE
At 30 November 2021 - 1,198 1,198
At 30 November 2020 94,392 - 94,392

St Andrews Golf Travel Limited (Registered number: SC464187)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2020 39,862
Transfer to ownership (39,862 )
At 30 November 2021 -
DEPRECIATION
At 1 December 2020 39,862
Transfer to ownership (39,862 )
At 30 November 2021 -
NET BOOK VALUE
At 30 November 2021 -
At 30 November 2020 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 1,311,480 901,668

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 10,160 2,355
Taxation and social security 57,855 2,739
Other creditors 2,426,423 1,418,955
2,494,438 1,424,049

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 38,172 125,015

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 yrs - 86,143

St Andrews Golf Travel Limited (Registered number: SC464187)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

9. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 48,332 127,370

The bank holds a first legal charge over the property.

The directors' guarantee the company's liability.

The bounce back bank loan is supported by a 100% guarantee from the UK Government.

10. RELATED PARTY DISCLOSURES

The company operates a loan account with the directors.
During the year, the company advanced loans totalling £2,326 to the director.

At the year end, the balance due to the directors was £2,419 (2020: £4,745).

There are no fixed repayment terms and no interest charged.



The company also operates a loan with a company under common control, MGD Estates Ltd.
During the year, the company advanced funds totalling £119,612 to MGD Estates Ltd.

The balance due to the company at the year end was £574,609 (2020: £454,997).

During the year, the company sold a property to MGD Estates Ltd at market value.

The loan is unsecured and there are no fixed repayment terms or interest charged.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
St Andrews Golf Travel Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of St Andrews Golf Travel Limited for the year ended 30 November 2021 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of St Andrews Golf Travel Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of St Andrews Golf Travel Limited and state those matters that we have agreed to state to the Board of Directors of St Andrews Golf Travel Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that St Andrews Golf Travel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of St Andrews Golf Travel Limited. You consider that St Andrews Golf Travel Limited 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 financial statements of St Andrews Golf Travel Limited. 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 financial statements.






Sharles CA
29 Brandon Street
Hamilton
ML3 6DA


26 August 2022