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REGISTERED NUMBER: 06594356 (England and Wales)















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 4 449,666 449,666

CURRENT ASSETS
Debtors 5 5,116 20,873
Cash at bank 22,115 41,672
27,231 62,545
CREDITORS
Amounts falling due within one year 6 34,727 24,629
NET CURRENT (LIABILITIES)/ASSETS (7,496 ) 37,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,170

487,582

CREDITORS
Amounts falling due after more than one year 7 827,330 859,292
NET LIABILITIES (385,160 ) (371,710 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (385,360 ) (371,910 )
(385,160 ) (371,710 )

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

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

Golf Cafe Bars Limited (Registered number: 06594356)

Balance Sheet - continued
30 October 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 11 October 2024 and were signed on its behalf by:





W Parkinson - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06594356

Registered office: Apartment 9
Castle Lodge
Castle Road
Wakefield
WF2 7LZ

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land &
buildings
£   
COST
At 1 November 2022
and 30 October 2023 449,666
NET BOOK VALUE
At 30 October 2023 449,666
At 31 October 2022 449,666

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 5,000 20,873
Other debtors 116 -
5,116 20,873

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans & overdrafts (see note 8) 3,694 3,694
Trade creditors 133 323
Other taxation & social security 2,780 8,807
Other creditors 28,120 11,805
34,727 24,629

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 667,330 691,292
Other creditors 160,000 168,000
827,330 859,292

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 3,694 3,694

Amounts falling due between two and five years:
Bank loans - 2-5 years 667,330 691,292

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.