Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-0114falseThe provision of sales and marketing services to its parent company, Golf Genius Software Inc.11truetruefalse 11096329 2023-01-01 2023-12-31 11096329 2022-01-01 2022-12-31 11096329 2023-12-31 11096329 2022-12-31 11096329 1 2023-01-01 2023-12-31 11096329 d:Director2 2023-01-01 2023-12-31 11096329 c:CurrentFinancialInstruments 2023-12-31 11096329 c:CurrentFinancialInstruments 2022-12-31 11096329 c:Non-currentFinancialInstruments 2023-12-31 11096329 c:Non-currentFinancialInstruments 2022-12-31 11096329 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 11096329 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 11096329 c:ShareCapital 2023-12-31 11096329 c:ShareCapital 2022-12-31 11096329 c:RetainedEarningsAccumulatedLosses 2023-12-31 11096329 c:RetainedEarningsAccumulatedLosses 2022-12-31 11096329 d:OrdinaryShareClass1 2023-01-01 2023-12-31 11096329 d:OrdinaryShareClass1 2023-12-31 11096329 d:OrdinaryShareClass1 2022-12-31 11096329 d:FRS102 2023-01-01 2023-12-31 11096329 d:Audited 2023-01-01 2023-12-31 11096329 d:FullAccounts 2023-01-01 2023-12-31 11096329 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11096329 d:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11096329 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11096329









GOLF GENIUS UK LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
GOLF GENIUS UK LIMITED
REGISTERED NUMBER: 11096329

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors
 4 
241,708
155,583

Cash at bank and in hand
 5 
29,132
59,729

  
270,840
215,312

Creditors: amounts falling due within one year
 6 
(117,811)
(76,886)

Net current assets
  
 
 
153,029
 
 
138,426

Total assets less current liabilities
  
153,029
138,426

  

Net assets
  
153,029
138,426


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
153,028
138,425

  
153,029
138,426


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: 




Craig Higgs
Director

Date: 9 September 2024

The notes on pages 2 to 6 form part of these financial statements.
Page 1

 
GOLF GENIUS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Golf Genius UK Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales (registration number 11096329). The company's registered office address is 5 Churchill Place, 10th Floor, London, E14 5HU.

The financial statements are presented in Sterling, which is the functional currency of the company.
 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered the factors that impact the Company's future development, performance, cash flows and financial position along with the Company's current liquidity in forming their conclusion on the applicability of the going concern basis.
Consequently, the directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and have prepared the financial statements on a going concern basis.

Page 2

 
GOLF GENIUS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

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'.

 
2.4

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue 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 revenue 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 3

 
GOLF GENIUS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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 reporting date in the countries where the Company operates and generates income.

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2022 - 11).


4.


Debtors

2023
2022
£
£

Due after more than one year

Trade debtors
-
5,076

Amounts owed by group undertakings
238,913
150,506

238,913
155,582

Due within one year

Called up share capital not paid
1
1

Prepayments and accrued income
2,794
-

241,708
155,583

Page 4

 
GOLF GENIUS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.Debtors (continued)



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
29,132
59,729

29,132
59,729



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,117
2,934

Corporation tax
4,874
11,069

Other taxation and social security
1,090
1,548

Accruals and deferred income
105,730
61,335

117,811
76,886



7.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



1 (2022 - 1) Ordinary Share Capital share of £1.00
1
1



8.


Related party transactions

The Company has taken advantage of the exemption given within FRS 102 from disclosing transactions with other wholly owned members of the Group. As such there are no related related party transactions that require disclosure.


9.


Post balance sheet events

There have been no significant events affecting the Company since the year end.
Page 5

 
GOLF GENIUS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 9 September 2024 by Stephen Haffner (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

 
Page 6