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REGISTERED NUMBER: 07200893 (England and Wales)









BILLY FOSTER GOLF LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






BILLY FOSTER GOLF LIMITED (REGISTERED NUMBER: 07200893)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BILLY FOSTER GOLF LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr W R Foster
Mrs L A Foster





REGISTERED OFFICE: 4 Eldwick Hall Farm
Sanctuary Way
High Eldwick
Bingley
West Yorkshire
BD16 3AY





REGISTERED NUMBER: 07200893 (England and Wales)





ACCOUNTANTS: KTC
Chartered Certified Accountants
80 West View
Barlby Road
Selby
North Yorkshire
YO8 5BD

BILLY FOSTER GOLF LIMITED (REGISTERED NUMBER: 07200893)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 81,250 93,750
Tangible assets 5 199 248
81,449 93,998

CURRENT ASSETS
Debtors 6 42,107 82,817
Investments 7 259,620 260,420
Cash at bank 879,467 592,244
1,181,194 935,481
CREDITORS
Amounts falling due within one year 8 46,218 67,161
NET CURRENT ASSETS 1,134,976 868,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,216,425

962,318

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,216,325 962,218
SHAREHOLDERS' FUNDS 1,216,425 962,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

BILLY FOSTER GOLF LIMITED (REGISTERED NUMBER: 07200893)

BALANCE SHEET - continued
30 SEPTEMBER 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 25 July 2024 and were signed on its behalf by:





Mr W R Foster - Director


BILLY FOSTER GOLF LIMITED (REGISTERED NUMBER: 07200893)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Billy Foster 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.

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 2010, is being amortised evenly over its estimated useful life of twenty 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.
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 balance sheet date.

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.

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.

BILLY FOSTER GOLF LIMITED (REGISTERED NUMBER: 07200893)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 250,000
AMORTISATION
At 1 October 2022 156,250
Amortisation for year 12,500
At 30 September 2023 168,750
NET BOOK VALUE
At 30 September 2023 81,250
At 30 September 2022 93,750

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2022
and 30 September 2023 1,471
DEPRECIATION
At 1 October 2022 1,223
Charge for year 49
At 30 September 2023 1,272
NET BOOK VALUE
At 30 September 2023 199
At 30 September 2022 248

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,157 60,811
Other debtors 22,950 22,006
42,107 82,817

BILLY FOSTER GOLF LIMITED (REGISTERED NUMBER: 07200893)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 259,620 260,420

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,092 16,807
Taxation and social security 25,307 38,029
Other creditors 7,819 12,325
46,218 67,161