REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 November 2022 to 30 October 2023 |
for |
Golf Cafe Bars Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 November 2022 to 30 October 2023 |
for |
Golf Cafe Bars Limited |
Golf Cafe Bars Limited (Registered number: 06594356) |
Contents of the Financial Statements |
for the Period 1 November 2022 to 30 October 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
Golf Cafe Bars Limited (Registered number: 06594356) |
Balance Sheet |
30 October 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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. |
Golf Cafe Bars Limited (Registered number: 06594356) |
Balance Sheet - continued |
30 October 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Golf Cafe Bars Limited (Registered number: 06594356) |
Notes to the Financial Statements |
for the Period 1 November 2022 to 30 October 2023 |
1. | STATUTORY INFORMATION |
Golf Cafe Bars Limited is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Taxation |
Taxation for the period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Land & |
buildings |
£ |
COST |
At 1 November 2022 |
and 30 October 2023 |
NET BOOK VALUE |
At 30 October 2023 |
At 31 October 2022 |
Golf Cafe Bars Limited (Registered number: 06594356) |
Notes to the Financial Statements - continued |
for the Period 1 November 2022 to 30 October 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans & overdrafts (see note 8) |
Trade creditors |
Other taxation & social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans (see note 8) |
Other creditors |
8. | LOANS |
An analysis of the maturity of loans is given below: |
2023 | 2022 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
The amounts due on the bank loan is secured on the land and buildings owned by the company. |
9. | DIRECTOR TRANSACTIONS |
Included within other creditors is a balance owed to the directors totalling £168920 (2022: £8,147). This balance is interest free and has no set terms of repayment. |
Golf Cafe Bars Limited (Registered number: 06594356) |
Notes to the Financial Statements - continued |
for the Period 1 November 2022 to 30 October 2023 |
10. | GOING CONCERN |
The company balance sheet shows the company is insolvent in the amount of £385,160 (2022 £371,710) |
However the directors loan account stands at £168,920 and £160,000 of that has been deferred indefinitely and the directors are also of the opinion that the company property is worth significantly more than the balance sheet value of £449,666. |
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. |
The directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements. |