Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-312022-06-01falseThe principle activity is sports and leisure1816truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04648348 2022-06-01 2023-05-31 04648348 2022-03-01 2022-05-31 04648348 2023-05-31 04648348 2022-05-31 04648348 c:Director2 2022-06-01 2023-05-31 04648348 d:Buildings 2022-06-01 2023-05-31 04648348 d:Buildings 2023-05-31 04648348 d:Buildings 2022-05-31 04648348 d:Buildings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 04648348 d:PlantMachinery 2022-06-01 2023-05-31 04648348 d:PlantMachinery 2023-05-31 04648348 d:PlantMachinery 2022-05-31 04648348 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 04648348 d:OfficeEquipment 2022-06-01 2023-05-31 04648348 d:OfficeEquipment 2023-05-31 04648348 d:OfficeEquipment 2022-05-31 04648348 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 04648348 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 04648348 d:CurrentFinancialInstruments 2023-05-31 04648348 d:CurrentFinancialInstruments 2022-05-31 04648348 d:Non-currentFinancialInstruments 2023-05-31 04648348 d:Non-currentFinancialInstruments 2022-05-31 04648348 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 04648348 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 04648348 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 04648348 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 04648348 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 04648348 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 04648348 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 04648348 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 04648348 d:ShareCapital 2023-05-31 04648348 d:ShareCapital 2022-05-31 04648348 d:RetainedEarningsAccumulatedLosses 2023-05-31 04648348 d:RetainedEarningsAccumulatedLosses 2022-05-31 04648348 c:FRS102 2022-06-01 2023-05-31 04648348 c:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 04648348 c:FullAccounts 2022-06-01 2023-05-31 04648348 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 04648348 d:WithinOneYear 2023-05-31 04648348 d:WithinOneYear 2022-05-31 04648348 d:BetweenOneFiveYears 2023-05-31 04648348 d:BetweenOneFiveYears 2022-05-31 04648348 1 2022-06-01 2023-05-31 04648348 4 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 04648348










Fresh Golf Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 May 2023

 
Fresh Golf Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Fresh Golf Limited for the Year Ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fresh Golf Limited for the year ended 31 May 2023 which comprise the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Fresh Golf Limited, as a body, in accordance with the terms of our engagement letter dated 15 September 2023Our work has been undertaken solely to prepare for your approval the financial statements of Fresh Golf Limited  and state those matters that we have agreed to state to the Board of Directors of Fresh Golf Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fresh Golf Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Fresh Golf Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fresh Golf Limited. You consider that Fresh Golf Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Fresh Golf Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
23 February 2024
Page 1

 
Fresh Golf Limited
Registered number: 04648348

Balance Sheet
As at 31 May 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
55,657
422,238

  
55,657
422,238

Current assets
  

Stocks
  
27,167
23,080

Debtors: amounts falling due within one year
 5 
764,873
95,735

Cash at bank and in hand
  
752,279
208,209

  
1,544,319
327,024

Creditors: amounts falling due within one year
 6 
(326,974)
(188,911)

Net current assets
  
 
 
1,217,345
 
 
138,113

Total assets less current liabilities
  
1,273,002
560,351

Creditors: amounts falling due after more than one year
 7 
(277,953)
(297,947)

  

Net assets
  
995,049
262,404


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
994,049
261,404

  
995,049
262,404


Page 2

 
Fresh Golf Limited
Registered number: 04648348

Balance Sheet (continued)
As at 31 May 2023

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 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 by: 




................................................
N J Burke
Director
Date: 23 February 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
Fresh Golf Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2023

1.


General information

Fresh Golf Limited is a private company, limited by share capital, and incorporated in England and Wales.  These financial statements are presented in sterling and are rounded to the nearest £1.
The registration number of the company is 04648348.
The registered office address is 1 Leazes Avenue, Chaldon, Croydon, Surrey, CR3 5AG.

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.

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. 

 
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 4

 
Fresh Golf Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2023

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Sale and leaseback

Where a sale and leaseback transaction results in a finance lease, no gain is immediately recognised for any excess of sales proceeds over the carrying amount of the asset. Instead, the proceeds are presented as a liability and subsequently measured at amortised cost using the effective interest method.
When a sale and leaseback transaction results in an operating lease, and it is clear that the transition is established at fair value any profit or loss is recognised immediately. If the sale price is below fair value, any profit or loss is recognised immediately unless the loss is compensated for by the future lease payments at below market price. In that case any such loss is amortised in proportion to the lease payments over the period for which the asset is expected to be used. If the sale price is above fair value, the excess over fair value is amortised over the period for which the asset is expected to be used.

 
2.6

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.

 
2.7

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 or on a reducing balance basis..

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight line
Plant and machinery
-
15%
to 20% per annum reducing balance
Office equipment
-
33%
per annum 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.

Page 5

 
Fresh Golf Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2023

2.Accounting policies (continued)

 
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.

 
2.10

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2022 - 16).

Page 6

 
Fresh Golf Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2023

4.


Tangible fixed assets





Freehold property
Plant and machinery
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2022
515,585
383,317
36,270
935,172


Additions
-
22,565
-
22,565


Disposals
(515,585)
-
-
(515,585)



At 31 May 2023

-
405,882
36,270
442,152



Depreciation


At 1 June 2022
136,827
343,419
32,688
512,934


Charge for the year on owned assets
7,125
8,740
1,648
17,513


Disposals
(143,952)
-
-
(143,952)



At 31 May 2023

-
352,159
34,336
386,495



Net book value



At 31 May 2023
-
53,723
1,934
55,657



At 31 May 2022
378,758
39,898
3,582
422,238


5.


Debtors

2023
2022
£
£


Trade debtors
12,941
7,507

Other debtors
87,132
61,847

Prepayments and accrued income
664,800
26,381

764,873
95,735


Page 7

 
Fresh Golf Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,994
9,747

Trade creditors
32,728
35,149

Amounts owed to group undertakings
10,067
26,036

Corporation tax
152,827
32,362

Other taxation and social security
32,093
26,625

Other creditors
-
653

Accruals and deferred income
89,265
58,339

326,974
188,911



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
20,752
30,746

Other creditors
257,201
267,201

277,953
297,947



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,994
9,747


9,994
9,747

Amounts falling due 1-2 years

Bank loans
20,752
9,994


20,752
9,994

Amounts falling due 2-5 years

Bank loans
-
20,752


-
20,752


30,746
40,493


Page 8

 
Fresh Golf Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2023

9.


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 £3,189 (2022 - £930). Contributions totalling £Nil (2022 - £653) were payable to the fund at the balance sheet date and are included in creditors.


10.


Commitments under operating leases

At 31 May 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
45,000
-

Later than 1 year and not later than 5 years
177,658
-

222,658
-


11.


Related party transactions

Horsham Leisure Limited
(Same directors)
During the year Horsham Leisure Limited was recharged costs of £2,373 (3 months to 31 May 2022 - £1,934) by the company. At the balance sheet date the amount due to Horsham Leisure Limited was £10,067 (2022  - £26,036).


Page 9