Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30No description of principal activity2022-05-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02603110 2022-05-01 2023-04-30 02603110 2021-05-01 2022-04-30 02603110 2023-04-30 02603110 2022-04-30 02603110 c:Director1 2022-05-01 2023-04-30 02603110 d:FurnitureFittings 2022-05-01 2023-04-30 02603110 d:FurnitureFittings 2023-04-30 02603110 d:FurnitureFittings 2022-04-30 02603110 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 02603110 d:OfficeEquipment 2022-05-01 2023-04-30 02603110 d:OfficeEquipment 2023-04-30 02603110 d:OfficeEquipment 2022-04-30 02603110 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 02603110 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 02603110 d:CurrentFinancialInstruments 2023-04-30 02603110 d:CurrentFinancialInstruments 2022-04-30 02603110 d:Non-currentFinancialInstruments 2023-04-30 02603110 d:Non-currentFinancialInstruments 2022-04-30 02603110 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02603110 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 02603110 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 02603110 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 02603110 d:ShareCapital 2023-04-30 02603110 d:ShareCapital 2022-04-30 02603110 d:SharePremium 2023-04-30 02603110 d:SharePremium 2022-04-30 02603110 d:RetainedEarningsAccumulatedLosses 2023-04-30 02603110 d:RetainedEarningsAccumulatedLosses 2022-04-30 02603110 c:FRS102 2022-05-01 2023-04-30 02603110 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 02603110 c:FullAccounts 2022-05-01 2023-04-30 02603110 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 02603110 d:ComputerSoftware 2023-04-30 02603110 d:ComputerSoftware 2022-04-30 02603110 2 2022-05-01 2023-04-30 02603110 d:ComputerSoftware d:OwnedIntangibleAssets 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 02603110









EAGLE GOLF TOURS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
EAGLE GOLF TOURS LIMITED
REGISTERED NUMBER: 02603110

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
-
315

Tangible assets
 5 
411
928

  
411
1,243

Current assets
  

Debtors: amounts falling due within one year
 6 
113,308
118,739

Cash at bank and in hand
 7 
178,749
188,130

  
292,057
306,869

Creditors: amounts falling due within one year
 8 
(215,040)
(249,934)

Net current assets
  
 
 
77,017
 
 
56,935

Total assets less current liabilities
  
77,428
58,178

Creditors: amounts falling due after more than one year
 9 
(34,995)
(40,032)

  

Net assets
  
42,433
18,146


Capital and reserves
  

Called up share capital 
  
85,000
85,000

Share premium account
  
70
70

Profit and loss account
  
(42,637)
(66,924)

  
42,433
18,146

Page 1

 
EAGLE GOLF TOURS LIMITED
REGISTERED NUMBER: 02603110
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The director considers 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 director acknowledges his 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 comprehensive income 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 7 August 2023.




W J Holt
Director

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
EAGLE GOLF TOURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Eagle Golf Tours Limited is a private company, limited by shares, incorporated in England and Wales, with a registration number 02603110. The address of the registered office is Haslers, Old Station Road, Loughton, Essex, IG10 4PL. 

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Page 3

 
EAGLE GOLF TOURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.4

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 Comprehensive Income in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
EAGLE GOLF TOURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.11

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, via the methods below. .

Depreciation is provided on the following basis:

Fixtures and fittings
-
15% reducing balance
Office equipment
-
25% straight line

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.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 5

 
EAGLE GOLF TOURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.15

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 2 (2022 - 2).


4.


Intangible assets




Computer software

£



Cost


At 1 May 2022
7,175



At 30 April 2023

7,175



Amortisation


At 1 May 2022
6,860


Charge for the year on owned assets
315



At 30 April 2023

7,175



Net book value



At 30 April 2023
-



At 30 April 2022
315



Page 6

 
EAGLE GOLF TOURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2022
4,112
5,319
9,431



At 30 April 2023

4,112
5,319
9,431



Depreciation


At 1 May 2022
3,629
4,874
8,503


Charge for the year on owned assets
72
445
517



At 30 April 2023

3,701
5,319
9,020



Net book value



At 30 April 2023
411
-
411



At 30 April 2022
483
445
928


6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
75,744
75,744

Other debtors
11,125
17,144

Prepayments and accrued income
26,439
25,851

113,308
118,739



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
178,749
188,131

178,749
188,131


Page 7

 
EAGLE GOLF TOURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,071
5,071

Trade creditors
39,827
93,364

Other taxation and social security
709
768

Other creditors
80,984
31,332

Accruals and deferred income
88,449
119,399

215,040
249,934



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
34,995
40,032

34,995
40,032


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
2022
£
£


Repayable by instalments
13,274
18,311

13,274
18,311

.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,870 (2022 - £1,005).

Page 8

 
EAGLE GOLF TOURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

11.


Related party transactions

The company had the following related party transactions during the year: 


Interest free loan to 2023
Interest free loan (from) 2023
Interest free loan to 2022
Interest free loan (from) 2022
£
£
£
£

Entities with control over this entity
75,744
-
75,744
-
Key management personnel
-
(34,545)
-
(19,545)


12.


Controlling party

The ultimate parent company is E and B Investments Limited , a company incorporated in England and Wales. 
The ultimate controlling party is W Holt, due to his majority shareholding in the parent company. 
 
Page 9