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REGISTERED NUMBER: 11000664 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Adventure Golf (Oxford) Limited

Adventure Golf (Oxford) Limited (Registered number: 11000664)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Adventure Golf (Oxford) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: A M Burnett





REGISTERED OFFICE: Hermes House
Fire Fly Avenue
Swindon
Wiltshire
SN2 2GA





REGISTERED NUMBER: 11000664 (England and Wales)

Adventure Golf (Oxford) Limited (Registered number: 11000664)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 169,560 209,925

CURRENT ASSETS
Debtors 5 23,128 24,629
Cash at bank 19,984 244,818
43,112 269,447
CREDITORS
Amounts falling due within one year 6 44,133 654,678
NET CURRENT LIABILITIES (1,021 ) (385,231 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,539

(175,306

)

CREDITORS
Amounts falling due after more than one
year

7

7,917

25,833
NET ASSETS/(LIABILITIES) 160,622 (201,139 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 160,522 (201,239 )
160,622 (201,139 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

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 17 October 2024 and were signed by:





A M Burnett - Director


Adventure Golf (Oxford) Limited (Registered number: 11000664)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Adventure Golf (Oxford) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The Company recognises revenue when the following conditions are satisfied:
i. the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
ii. the Company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the goods sold;
iii. the amount of revenue can be measured reliably;
iv. it is probable that the economic benefits associated with the transaction can be measured reliably.

Sale of goods and services
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customer in advance of services provided the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Depreciation and residual values

Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life as follows:

Plant and machinery and tools 10% Straight Line
Short Leasehold 10% Straight Line
Computer equipment 33.33% Straight Line

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any changes is accounted for prospectively

Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amount expected to be paid to the tax authorities.


Adventure Golf (Oxford) Limited (Registered number: 11000664)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax arises from timing differences that are differences between taxable profit and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessment in periods different from those in which are recognised in financial statements.

Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when 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 tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Going concern
The accounts have been prepared on the going concern basis which assumes the continued support of the company's bankers and creditors. If such support is not forthcoming, the accounts would need to be restated on a break-up basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 November 2022 9,850 410,000 - 419,850
Additions - 599 1,621 2,220
At 31 October 2023 9,850 410,599 1,621 422,070
DEPRECIATION
At 1 November 2022 4,925 205,000 - 209,925
Charge for year 985 41,060 540 42,585
At 31 October 2023 5,910 246,060 540 252,510
NET BOOK VALUE
At 31 October 2023 3,940 164,539 1,081 169,560
At 31 October 2022 4,925 205,000 - 209,925

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 20 4,833
Prepayments and accrued income 23,108 19,796
23,128 24,629

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 10,000
Trade creditors 2,614 151,286
Social security and other taxes 6,799 21,573
VAT 23,885 10,439
Other creditors - 452,066
Directors' current accounts 13 -
Accruals and deferred income 5,822 9,314
44,133 654,678

Adventure Golf (Oxford) Limited (Registered number: 11000664)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,000 10,000
Bank loans - 2-5 years 2,917 15,833
7,917 25,833