Caseware UK (AP4) 2021.0.152 2021.0.152 2021-11-302021-11-307No description of principal activity2020-12-01false7truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC135648 2020-12-01 2021-11-30 SC135648 2019-12-01 2020-11-30 SC135648 2021-11-30 SC135648 2020-11-30 SC135648 c:CompanySecretary1 2020-12-01 2021-11-30 SC135648 c:Director1 2020-12-01 2021-11-30 SC135648 c:Director2 2020-12-01 2021-11-30 SC135648 c:RegisteredOffice 2020-12-01 2021-11-30 SC135648 d:Buildings d:LongLeaseholdAssets 2020-12-01 2021-11-30 SC135648 d:Buildings d:LongLeaseholdAssets 2021-11-30 SC135648 d:Buildings d:LongLeaseholdAssets 2020-11-30 SC135648 d:PlantMachinery 2020-12-01 2021-11-30 SC135648 d:PlantMachinery 2021-11-30 SC135648 d:PlantMachinery 2020-11-30 SC135648 d:PlantMachinery d:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 SC135648 d:FurnitureFittings 2020-12-01 2021-11-30 SC135648 d:FurnitureFittings 2021-11-30 SC135648 d:FurnitureFittings 2020-11-30 SC135648 d:FurnitureFittings d:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 SC135648 d:ComputerEquipment 2020-12-01 2021-11-30 SC135648 d:ComputerEquipment 2021-11-30 SC135648 d:ComputerEquipment 2020-11-30 SC135648 d:ComputerEquipment d:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 SC135648 d:OtherPropertyPlantEquipment 2020-12-01 2021-11-30 SC135648 d:OtherPropertyPlantEquipment 2021-11-30 SC135648 d:OtherPropertyPlantEquipment 2020-11-30 SC135648 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 SC135648 d:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 SC135648 d:CurrentFinancialInstruments 2021-11-30 SC135648 d:CurrentFinancialInstruments 2020-11-30 SC135648 d:Non-currentFinancialInstruments 2021-11-30 SC135648 d:Non-currentFinancialInstruments 2020-11-30 SC135648 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 SC135648 d:CurrentFinancialInstruments d:WithinOneYear 2020-11-30 SC135648 d:Non-currentFinancialInstruments d:AfterOneYear 2021-11-30 SC135648 d:Non-currentFinancialInstruments d:AfterOneYear 2020-11-30 SC135648 d:ShareCapital 2021-11-30 SC135648 d:ShareCapital 2020-11-30 SC135648 d:RetainedEarningsAccumulatedLosses 2021-11-30 SC135648 d:RetainedEarningsAccumulatedLosses 2020-11-30 SC135648 c:OrdinaryShareClass1 2020-12-01 2021-11-30 SC135648 c:OrdinaryShareClass1 2021-11-30 SC135648 c:OrdinaryShareClass1 2020-11-30 SC135648 c:FRS102 2020-12-01 2021-11-30 SC135648 c:AuditExempt-NoAccountantsReport 2020-12-01 2021-11-30 SC135648 c:FullAccounts 2020-12-01 2021-11-30 SC135648 c:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC135648










COLINSBURGH GOLF LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

 
COLINSBURGH GOLF LIMITED
 

COMPANY INFORMATION


Directors
Baron K H J St C Bonde 
C M W St C Bonde 




Company secretary
Thorntons Law LLP



Registered number
SC135648



Registered office
Kinburn Castle
Doubledykes Road

St Andrews

Fife

KY16 9DR




Accountants
EQ Accountants LLP
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
COLINSBURGH GOLF LIMITED
REGISTERED NUMBER: SC135648

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2021

2021
2020
£
£

Fixed assets
  

Tangible assets
 4 
176,814
70,177

  
176,814
70,177

Current assets
  

Stocks
  
1,503
1,503

Debtors: amounts falling due within one year
 5 
77,506
27,994

Cash at bank and in hand
  
287,855
-

  
366,864
29,497

Creditors: amounts falling due within one year
 6 
(836,587)
(327,710)

Net current liabilities
  
 
 
(469,723)
 
 
(298,213)

Total assets less current liabilities
  
(292,909)
(228,036)

Creditors: amounts falling due after more than one year
 7 
(195,212)
(250,423)

  

Net liabilities
  
(488,121)
(478,459)


Capital and reserves
  

Called up share capital 
 8 
350,002
350,002

Profit and loss account
  
(838,123)
(828,461)

  
(488,121)
(478,459)


Page 1

 
COLINSBURGH GOLF LIMITED
REGISTERED NUMBER: SC135648

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 August 2022.




C M W St C Bonde
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
COLINSBURGH GOLF LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1.


General information

Colinsburgh Golf Limited is a private company, limited by shares and incorporated in Scotland with the registration number SC135648. The registered office is Kinburn Castle, Doubledykes Road, St Andrews, Fife, KY16 9DR. The prinicpal place of business is Charleton House, Colinsburgh, Leven, KY9 1HG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

These accounts have been prepared under the going concern basis. The company has net liabilities and is dependent on the continued support of the directors. The directors have confirmed that they will continue to provide support for the foreseeable future.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
COLINSBURGH GOLF LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

During the year the business was in receipt of the following revenue grants in relation to the COVID-19 pandemic:
Coronavirus Job Retention Scheme (CJRS) which is recognised when receivable.
Retail, Hospitality and Leisure Grant Fund (RHLGF) recognised in full when received.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Property improvements
-
5%
Plant and machinery
-
15%
Fixtures and fittings
-
15%
Office equipment
-
15%
Greenkeeper's house
-
5%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
COLINSBURGH GOLF LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2020 - 7).

Page 5

 
COLINSBURGH GOLF LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

4.


Tangible fixed assets





Property improvements
Plant and machinery
Fixtures and fittings
Office equipment
Greenkeeper's house
Total

£
£
£
£
£
£



Cost or valuation


At 1 December 2020
456,651
143,121
2,569
-
38,790
641,131


Additions
71,476
57,863
-
2,201
-
131,540


Disposals
-
(11,330)
-
-
-
(11,330)



At 30 November 2021

528,127
189,654
2,569
2,201
38,790
761,341



Depreciation


At 1 December 2020
449,158
81,873
1,137
-
38,786
570,954


Charge for the year on owned assets
4,125
20,089
355
330
4
24,903


Disposals
-
(11,330)
-
-
-
(11,330)



At 30 November 2021

453,283
90,632
1,492
330
38,790
584,527



Net book value



At 30 November 2021
74,844
99,022
1,077
1,871
-
176,814



At 30 November 2020
7,493
61,248
1,432
-
4
70,177

Page 6

 
COLINSBURGH GOLF LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

5.


Debtors

2021
2020
£
£


Other debtors
75,210
26,701

Prepayments and accrued income
2,296
1,293

77,506
27,994



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank overdrafts
-
316

Trade creditors
15,309
19,991

Amounts owed to group undertakings
488,316
-

Other taxation and social security
11,258
13,510

Other creditors
318,563
289,992

Accruals and deferred income
3,141
3,901

836,587
327,710


ncluded within other creditors is an amount due to the directors M Bonde of £222,931 (2020: £222,931). No interest is being charged.


7.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Other loans
195,212
250,423

195,212
250,423


Included within other creditors due after 1 year is an amount due to the directors Baron K H J St C Bonde of £195,212 (2020: £250,426). No interest is being charged.


8.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



350,002 (2020 - 350,002) Ordinary shares of £1.00 each
350,002
350,002


Page 7

 
COLINSBURGH GOLF LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

9.


Related party transactions

During the year, Bonde AB, a fellow subsidiary has leant the company £518,316 and £30,000 has been repaid. Interest is being charged. 


10.


Controlling party

The majority shareholder is Colinsburgh Charleton Limited. 


Page 8