3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC289970 2023-01-01 2023-12-31 SC289970 2023-12-31 SC289970 2022-12-31 SC289970 2022-01-01 2022-12-31 SC289970 2022-12-31 SC289970 2021-12-31 SC289970 core:PlantMachinery 2023-01-01 2023-12-31 SC289970 core:MotorVehicles 2023-01-01 2023-12-31 SC289970 bus:Director1 2023-01-01 2023-12-31 SC289970 bus:Director2 2023-01-01 2023-12-31 SC289970 core:WithinOneYear 2023-12-31 SC289970 core:WithinOneYear 2022-12-31 SC289970 core:AfterOneYear 2023-12-31 SC289970 core:AfterOneYear 2022-12-31 SC289970 core:ShareCapital 2023-12-31 SC289970 core:ShareCapital 2022-12-31 SC289970 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC289970 core:RetainedEarningsAccumulatedLosses 2022-12-31 SC289970 bus:SmallEntities 2023-01-01 2023-12-31 SC289970 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC289970 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC289970 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC289970 bus:AbridgedAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: SC289970
Brian Doole Golf Limited
Filleted Unaudited Abridged Financial Statements
For the year ended
31 December 2023
Brian Doole Golf Limited
Abridged Financial Statements
Year ended 31st December 2023
Contents
Page
Abridged statement of financial position
1
Notes to the abridged financial statements
3
Brian Doole Golf Limited
Abridged Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
323,369
263,505
Current assets
Debtors
7,722
8,090
Cash at bank and in hand
11,958
64,758
--------
--------
19,680
72,848
Creditors: amounts falling due within one year
25,969
38,861
--------
--------
Net current (liabilities)/assets
( 6,289)
33,987
---------
---------
Total assets less current liabilities
317,080
297,492
Creditors: amounts falling due after more than one year
6
99,237
109,258
Provisions
Taxation including deferred tax
24,259
15,866
---------
---------
Net assets
193,584
172,368
---------
---------
Brian Doole Golf Limited
Abridged Statement of Financial Position (continued)
31 December 2023
2023
2022
Note
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
193,484
172,268
---------
---------
Shareholder funds
193,584
172,368
---------
---------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31st December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 13 June 2024 , and are signed on behalf of the board by:
Ms C Wood
Mr B Doole
Director
Director
Company registration number: SC289970
Brian Doole Golf Limited
Notes to the Abridged Financial Statements
Year ended 31st December 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Rath Erenn, St Fillans, Perthshire, PH6 2NF.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have confirmed that they will continue to support the company for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Investment properties Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution pension plans
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.
4. Staff
The average number of persons employed by the company during the year amounted to 3 (2022: 2 ).
5. Tangible assets
£
Cost
At 1st January 2023
267,883
Additions
98,532
Disposals
( 34,785)
---------
At 31st December 2023
331,630
---------
Depreciation
At 1st January 2023
4,378
Charge for the year
9,371
Disposals
( 5,488)
---------
At 31st December 2023
8,261
---------
Carrying amount
At 31st December 2023
323,369
---------
At 31st December 2022
263,505
---------
6. Creditors: amounts falling due after more than one year
Included within creditors: amounts falling due after more than one year is an amount of £62,880 (2022: £71,177) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
7. Charges on assets
Creditors include bank loans which are secured of £101,758 (2022 - £108,794).
8. Directors' advances, credits and guarantees
The directors loan account was not in debit during this or the previous year. The loan is interest free and repayable on demand.