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REGISTERED NUMBER: 11064510 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Sun Golf Ski Limited

Sun Golf Ski Limited (Registered number: 11064510)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Sun Golf Ski Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Ms J Dove





REGISTERED OFFICE: 4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF





REGISTERED NUMBER: 11064510 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Sun Golf Ski Limited (Registered number: 11064510)

Abridged Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,077 47,248

CURRENT ASSETS
Debtors 9,332 23,171
Prepayments and accrued income 63,685 55,139
Cash at bank 2,013 13,111
75,030 91,421
CREDITORS
Amounts falling due within one year 61,853 74,131
NET CURRENT ASSETS 13,177 17,290
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,254

64,538

CREDITORS
Amounts falling due after more than one year 5 (31,691 ) (43,924 )

PROVISIONS FOR LIABILITIES - (1,541 )

ACCRUALS AND DEFERRED INCOME (4,350 ) (2,000 )
NET ASSETS 19,213 17,073

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,113 16,973
SHAREHOLDERS' FUNDS 19,213 17,073

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 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.

Sun Golf Ski Limited (Registered number: 11064510)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 21 November 2023 and were signed by:





Ms J Dove - Director


Sun Golf Ski Limited (Registered number: 11064510)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Sun Golf Ski 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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

Sun Golf Ski Limited (Registered number: 11064510)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 54,867
Additions 7,769
At 31 March 2023 62,636
DEPRECIATION
At 1 April 2022 7,619
Charge for year 12,940
At 31 March 2023 20,559
NET BOOK VALUE
At 31 March 2023 42,077
At 31 March 2022 47,248

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 635

Sun Golf Ski Limited (Registered number: 11064510)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,809 3,174
Other loans 13,940 16,754
17,749 19,928

Amounts falling due between one and two years:
Bank loans - 1-2 years 3,809 3,809

Amounts falling due between two and five years:
Bank loans - 2-5 years 7,935 11,426

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 635

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 8,107 8,107
Between one and five years 19,947 28,054
28,054 36,161

Non-cancellable operating leases
2023 2022
£    £   
Within one year 1,206 1,206
Between one and five years 905 2,111
2,111 3,317

The above lease payments are due in respect of refinancing of office equipment.

Sun Golf Ski Limited (Registered number: 11064510)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. OTHER FINANCIAL COMMITMENTS

The company had bank loan commitments in respect of a government bounce back loan at the financial period end totalling £15,553 (prior year - £19,044). The company also had other commercial loans outstanding at the financial period end totalling £13,940 (prior year - £16,754).

The company had commitments in respect of hire purchase contracts at the financial period end totalling £28,054 (prior year - £36,161). The company also had commitments in respect of operating lease contracts at the financial period end totalling £2,111 (prior year - £3,317).

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2023 and the period ended 31 March 2022:

2023 2022
£    £   
Ms J Dove
Balance outstanding at start of year - 12,124
Amounts advanced - 40,380
Amounts repaid - (52,504 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Loans with the director are unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

"Park Realty Group Limited" invoiced "Sun Golf Ski Limited" £1,400 (2022 - £5,833) during the financial period for expenses incurred on the company's behalf. At the financial period end, "Park Realty Group Limited" was owed £320 (2022 - £22,920) from "Sun Golf Ski Limited" in respect of outstanding sales invoices. These are included within debtors.

"Sun Golf Ski Limited" recharged "Park Realty Group Limited" £27,875 (2022 - £24,209) during the financial period for expenses incurred on the company's behalf as well £4,167 (2022 - £10,000) for consultancy fees. "Park Realty Group Limited" owed £Nil (2022 - £22,050) to "Sun Golf Ski Limited" in respect of outstanding purchase invoices. These are included within creditors.

"Park Realty Group Limited" provided a series of loans to "Sun Golf Ski Limited" totalling £22,194 (2022 - £66,801). The loans were repaid in full during the financial year. "Sun Golf Ski Limited" provided a loan balance of £2,083 to "Park Realty Group Limited" during the financial year and this remained outstanding at the financial year end (2022 - £8,894 owed to) No interest is charged on loan balances and loans are repayable on demand. The loan is included in Debtors (2022 - Creditors). The loan was repaid on 3rd April 2023.

"Park Realty Group Limited" and "Sun Golf Ski Limited" are companies in which J Dove is a director and holds a beneficial interest.

T Dove also received rent from "Sun Golf Ski Limited" during the financial period totalling £4,120 (2022 - £6,157) in relation to rental of premises abroad. T Dove is the spouse of the director, J Dove. The rent is included in the profit and loss.