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REGISTERED NUMBER: SC517947 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

GS GOLF HOSPITALITY LTD

GS GOLF HOSPITALITY LTD (REGISTERED NUMBER: SC517947)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

GS GOLF HOSPITALITY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: Graham Smith





REGISTERED OFFICE: 23 Wallace Crescent
Peterhead
Aberdeenshire
AB42 1GG





REGISTERED NUMBER: SC517947 (Scotland)





ACCOUNTANTS: Goldwells
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

GS GOLF HOSPITALITY LTD (REGISTERED NUMBER: SC517947)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,840 3,003

CURRENT ASSETS
Stocks 12,266 10,427
Debtors 6 49,145 20,610
Cash at bank and in hand 7,855 2,936
69,266 33,973
CREDITORS
Amounts falling due within one year 7 51,005 41,995
NET CURRENT ASSETS/(LIABILITIES) 18,261 (8,022 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,101

(5,019

)

CREDITORS
Amounts falling due after more than one
year

8

(20,916

)

(24,271

)

PROVISIONS FOR LIABILITIES (349 ) (570 )
NET LIABILITIES (1,164 ) (29,860 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (1,166 ) (29,862 )
SHAREHOLDERS' FUNDS (1,164 ) (29,860 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GS GOLF HOSPITALITY LTD (REGISTERED NUMBER: SC517947)

BALANCE SHEET - continued
31ST JANUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th October 2024 and were signed by:





Graham Smith - Director


GS GOLF HOSPITALITY LTD (REGISTERED NUMBER: SC517947)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

GS Golf Hospitality Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery - 25% on cost
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

GS GOLF HOSPITALITY LTD (REGISTERED NUMBER: SC517947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st February 2023
and 31st January 2024 4,395 496 4,891
DEPRECIATION
At 1st February 2023 1,648 240 1,888
Charge for year 1,099 64 1,163
At 31st January 2024 2,747 304 3,051
NET BOOK VALUE
At 31st January 2024 1,648 192 1,840
At 31st January 2023 2,747 256 3,003

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,417 565
Other debtors 11,758 4,849
Director's current account 33,970 15,196
49,145 20,610

The director's loan is interest free with no fixed terms of repayment.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,979 9,896
Trade creditors 4,785 10,123
Corporation tax 15,888 -
Social security and other taxes 2,211 2,268
VAT 16,557 13,807
Other creditors 1,585 5,901
51,005 41,995

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,229 10,146
Bank loans - 2-5 years 10,687 14,125
20,916 24,271

GS GOLF HOSPITALITY LTD (REGISTERED NUMBER: SC517947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2024 and 31st January 2023:

2024 2023
£    £   
Graham Smith
Balance outstanding at start of year 15,196 (180 )
Amounts advanced 24,860 17,376
Amounts repaid (6,086 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,970 15,196

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GS GOLF HOSPITALITY LTD (REGISTERED NUMBER: SC517947)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GS Golf Hospitality Ltd for the year ended 31st January 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of GS Golf Hospitality Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GS Golf Hospitality Ltd and state those matters that we have agreed to state to the director of GS Golf Hospitality Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that GS Golf Hospitality Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GS Golf Hospitality Ltd. You consider that GS Golf Hospitality Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GS Golf Hospitality Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goldwells
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN


14th October 2024