Registered number
01135487
Clarion Golf Management & Marketing Ltd
Filleted Accounts
31 December 2023
Clarion Golf Management & Marketing Ltd
Registered number: 01135487
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 10,842 16,599
Current assets
Stocks 1,000 4,000
Debtors 4 24,394 31,661
Cash at bank and in hand 109,903 167,458
135,297 203,119
Creditors: amounts falling due within one year 5 (138,925) (204,858)
Net current liabilities (3,628) (1,739)
Total assets less current liabilities 7,214 14,860
Creditors: amounts falling due after more than one year 6 (32,580) (37,308)
Net liabilities (25,366) (22,448)
Capital and reserves
Called up share capital 300 300
Share premium 850 850
Profit and loss account (26,516) (23,598)
Shareholders' funds (25,366) (22,448)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S C Russell
Director
Approved by the board on 13 October 2024
Clarion Golf Management & Marketing Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 88,140
Additions 1,598
At 31 December 2023 89,738
Depreciation
At 1 January 2023 71,541
Charge for the year 7,355
At 31 December 2023 78,896
Net book value
At 31 December 2023 10,842
At 31 December 2022 16,599
4 Debtors 2023 2022
£ £
Trade debtors 6,697 2,161
Other debtors 17,697 29,500
24,394 31,661
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,618 6,618
Trade creditors 66,821 46,838
Deferred income 58,061 143,862
Directors account 1,520 1,520
Other creditors 5,905 6,020
138,925 204,858
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 32,580 37,308
7 Other information
Clarion Golf Management & Marketing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
185 Barnett Wood Lane
Ashtead
Surrey KT21 2LP
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