IRIS Accounts Productionv23.2.0.15808401274Board of Directors1.4.2231.3.2331.3.23falsetruefalsefalsefalsetruefalse iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084012742022-03-31084012742023-03-31084012742022-04-012023-03-31084012742021-03-31084012742021-04-012022-03-31084012742022-03-3108401274ns10:Originalns15:EnglandWales2022-04-012023-03-3108401274ns14:PoundSterlingns10:Original2022-04-012023-03-3108401274ns10:Originalns10:Director12022-04-012023-03-3108401274ns10:Original2022-04-012023-03-3108401274ns10:Original2023-03-3108401274ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3108401274ns10:Originalns10:SmallEntities2022-04-012023-03-3108401274ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3108401274ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108401274ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3108401274ns10:Originalns10:FullAccounts2022-04-012023-03-3108401274ns10:Original12022-04-012023-03-3108401274ns10:Originalns10:Director22022-04-012023-03-3108401274ns10:CompanySecretary1ns10:Original2022-04-012023-03-3108401274ns10:Originalns10:RegisteredOffice2022-04-012023-03-3108401274ns10:Original2022-03-3108401274ns10:Originalns5:CurrentFinancialInstruments2023-03-3108401274ns10:Originalns5:CurrentFinancialInstruments2022-03-3108401274ns10:Originalns5:NetGoodwill2022-04-012023-03-3108401274ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3108401274ns10:Originalns5:PlantMachinery2022-04-012023-03-3108401274ns10:Original2021-04-012022-03-3108401274ns10:Originalns5:NetGoodwill2022-03-3108401274ns10:Originalns5:NetGoodwill2023-03-3108401274ns10:Originalns5:NetGoodwill2022-03-3108401274ns10:Originalns5:PlantMachinery2022-03-3108401274ns10:Originalns5:PlantMachinery2023-03-3108401274ns10:Originalns5:PlantMachinery2022-03-3108401274ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-3108401274ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-04-012023-03-3108401274ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3108401274ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-3108401274ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108401274ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31

REGISTERED NUMBER: 08401274 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2023

for


Ian Ridsdale Golf Limited


Ian Ridsdale Golf Limited (Registered number: 08401274)







Contents of the Financial Statements

for the Year Ended 31 March 2023





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




Ian Ridsdale Golf Limited


Company Information

for the Year Ended 31 March 2023









DIRECTORS:

I P Ridsdale


Mrs H Ridsdale







SECRETARY:

Mrs H Ridsdale







REGISTERED OFFICE:

Wrag Barn Golf & Country Club


Shrivenham Road


Highworth


Wiltshire


SN6 7QQ







REGISTERED NUMBER:

08401274 (England and Wales)







ACCOUNTANTS:

Beechcroft Accountancy Services


Beechcroft Barn


Upton Lovell


Warminster


Wiltshire


BA12 0JW


Ian Ridsdale Golf Limited (Registered number: 08401274)


Balance Sheet

31 March 2023



31.3.23

31.3.22



as restated



Notes

£   

£   

£   

£   


FIXED ASSETS

Intangible assets

4

-


-



Tangible assets

5

36,120


28,669



36,120


28,669




CURRENT ASSETS

Stocks

176,260


177,451



Debtors

6

17,952


10,600



Cash at bank and in hand

71,456


93,123



265,668


281,174



CREDITORS

Amounts falling due within one year

7

248,920


256,695



NET CURRENT ASSETS

16,748


24,479



TOTAL ASSETS LESS CURRENT

LIABILITIES

52,868


53,148




PROVISIONS FOR LIABILITIES

7,167


7,167



NET ASSETS

45,701


45,981




CAPITAL AND RESERVES

Called up share capital

10


10



Retained earnings

45,691


45,971



SHAREHOLDERS' FUNDS

45,701


45,981




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.


Ian Ridsdale Golf Limited (Registered number: 08401274)


Balance Sheet - continued

31 March 2023



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 18 August 2023 and were signed on its behalf by:






I P Ridsdale - Director



Ian Ridsdale Golf Limited (Registered number: 08401274)


Notes to the Financial Statements

for the Year Ended 31 March 2023


1.

STATUTORY INFORMATION



Ian Ridsdale Golf 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.    


The financial statements have been prepared on a going concern basis


Turnover

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


Goodwill


Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of four years.  



Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.  


Plant and machinery etc

-

33% on cost



Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


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.


Ian Ridsdale Golf Limited (Registered number: 08401274)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2023


2.

ACCOUNTING POLICIES - continued


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.


Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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


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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 4 (2022 - 5 ) .


4.

INTANGIBLE FIXED ASSETS


Goodwill

£   



COST


At 1 April 2022


and 31 March 2023

64,000




AMORTISATION


At 1 April 2022


and 31 March 2023

64,000




NET BOOK VALUE


At 31 March 2023

-




At 31 March 2022

-




Ian Ridsdale Golf Limited (Registered number: 08401274)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2023


5.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1 April 2022

87,579




Additions

28,716




Disposals

(34,735

)



At 31 March 2023

81,560




DEPRECIATION


At 1 April 2022

58,910




Charge for year

17,717




Eliminated on disposal

(31,187

)



At 31 March 2023

45,440




NET BOOK VALUE


At 31 March 2023

36,120




At 31 March 2022

28,669





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 April 2022

13,990




Disposals

(13,990

)



At 31 March 2023

-




DEPRECIATION


At 1 April 2022

13,990




Eliminated on disposal

(13,990

)



At 31 March 2023

-




NET BOOK VALUE


At 31 March 2023

-




At 31 March 2022

-




Ian Ridsdale Golf Limited (Registered number: 08401274)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2023


6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.23


31.3.22


as restated


£   

£   



Trade debtors

6,235


716




Other debtors

11,717


9,884



17,952


10,600




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.23


31.3.22


as restated


£   

£   



Trade creditors

118,314


136,840




Taxation and social security

275


9,301




Other creditors

130,331


110,554



248,920


256,695




8.

DIRECTORS' ADVANCES, CREDITS AND GUARANTEES


Loans from directors to the company are repayable on demand and interest free. During the year £18,747 was introduced, (2022 £6,397 introduced), and the balance due to the directors at the year end was £124,004 (2022 £105,257).

9.

ULTIMATE CONTROLLING PARTY



The controlling party is I P Ridsdale.



The ultimate controlling party is I P Ridsdale.