for the financial year ended |
Golf365 Limited |
Company Registration Number: |
BALANCE SHEET |
as at |
2023 | 2022 | |||
£ | £ | |||
Fixed Assets | ||||
───────── | ───────── | |||
Current assets | ||||
Creditors: amounts falling due within one year | (176,131) | (123,279) | ||
───────── | ───────── | |||
Net Current Liabilities | ( |
( |
||
───────── | ───────── | |||
Total Assets less Current Liabilities | (16,198) | 37,272 | ||
Creditors: amounts falling due after more than one year | (37,477) | (4,080) | ||
Accruals and deferred income | (32,639) | (2,500) | ||
───────── | ───────── | |||
Net (Liabilities)/Assets | ( |
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Capital and Reserves | ( |
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Notes to the financial statements |
1. | General Information | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Golf365 Limited is a private company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI672762. The registered office of the company is 3c Carrickcroppan Road, Camlough, Co. Armagh, BT35 7HA, Northern Ireland which is also the principal place of business of the company. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company. The financial statements cover the individual entity, Gold365 Limited for the financial year ended 30th September 2023. |
2. | Financial commitments and guarantees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Pension contributions are charged to the profit and loss in the year that they occur. There is £139 owed to the fund at the 30th September 2023. This is included in Creditors: amounts falling due within one year. |
3. | Going concern | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The company had a net loss of £117,006 during the year ended 30 September 2023. At that date it had negative reserves of £86,314. At the balance sheet date the director has put plans in place to restructure the company which includes downsizing its premises. At the balance sheet date the company was in the final stage of preparing for the opening of their new premises. The director has offered assurances that he will continue to financially support the company until it begins to make a profit. As such, the accounts are prepared on a going concern basis. |
4. | Employees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The average monthly number of employees, including director, during the financial year was | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number | Number | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Director | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Employees | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
═════════ | ═════════ |
5. | Post-Balance Sheet Events | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
There have been no significant events affecting the company since the financial year-end. |
The company has taken advantage of the exemption under section 444 not to file the Director's Report, Abridged Profit and Loss Account. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Approved by the Director on |
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Director |