Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseNo description of principal activity32falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02603110 2023-05-01 2024-04-30 02603110 2022-05-01 2023-04-30 02603110 2024-04-30 02603110 2023-04-30 02603110 c:Director1 2023-05-01 2024-04-30 02603110 d:FurnitureFittings 2023-05-01 2024-04-30 02603110 d:FurnitureFittings 2024-04-30 02603110 d:FurnitureFittings 2023-04-30 02603110 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02603110 d:OfficeEquipment 2023-05-01 2024-04-30 02603110 d:OfficeEquipment 2024-04-30 02603110 d:OfficeEquipment 2023-04-30 02603110 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02603110 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02603110 d:CurrentFinancialInstruments 2024-04-30 02603110 d:CurrentFinancialInstruments 2023-04-30 02603110 d:Non-currentFinancialInstruments 2024-04-30 02603110 d:Non-currentFinancialInstruments 2023-04-30 02603110 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02603110 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02603110 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 02603110 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 02603110 d:ShareCapital 2024-04-30 02603110 d:ShareCapital 2023-04-30 02603110 d:SharePremium 2024-04-30 02603110 d:SharePremium 2023-04-30 02603110 d:RetainedEarningsAccumulatedLosses 2024-04-30 02603110 d:RetainedEarningsAccumulatedLosses 2023-04-30 02603110 c:OrdinaryShareClass1 2023-05-01 2024-04-30 02603110 c:OrdinaryShareClass1 2024-04-30 02603110 c:OrdinaryShareClass1 2023-04-30 02603110 c:OrdinaryShareClass2 2023-05-01 2024-04-30 02603110 c:OrdinaryShareClass2 2024-04-30 02603110 c:OrdinaryShareClass2 2023-04-30 02603110 c:FRS102 2023-05-01 2024-04-30 02603110 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02603110 c:FullAccounts 2023-05-01 2024-04-30 02603110 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02603110 d:ComputerSoftware 2024-04-30 02603110 d:ComputerSoftware 2023-04-30 02603110 2 2023-05-01 2024-04-30 02603110 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02603110









EAGLE GOLF TOURS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
EAGLE GOLF TOURS LIMITED
REGISTERED NUMBER: 02603110

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 5 
349
411

  
349
411

Current assets
  

Debtors: amounts falling due within one year
 6 
111,817
113,308

Cash at bank and in hand
 7 
212,322
178,749

  
324,139
292,057

Creditors: amounts falling due within one year
 8 
(248,536)
(215,040)

Net current assets
  
 
 
75,603
 
 
77,017

Total assets less current liabilities
  
75,952
77,428

Creditors: amounts falling due after more than one year
 9 
(29,714)
(34,995)

  

Net assets
  
46,238
42,433


Capital and reserves
  

Called up share capital 
  
85,000
85,000

Share premium account
  
70
70

Profit and loss account
  
(38,832)
(42,637)

  
46,238
42,433


Page 1

 
EAGLE GOLF TOURS LIMITED
REGISTERED NUMBER: 02603110
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 August 2024.




W J Holt
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
EAGLE GOLF TOURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Eagle Golf Tours Limited is a private company, limited by shares, incorporated in England and Wales, with a registration number 02603110. The address of the registered office is Haslers, Old Station Road, Loughton, Essex, IG10 4PL. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
EAGLE GOLF TOURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
EAGLE GOLF TOURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, via the methods below.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
reducing balance
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 5

 
EAGLE GOLF TOURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.14

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
 
Page 6

 
EAGLE GOLF TOURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).

Page 7

 
EAGLE GOLF TOURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Computer software

£



Cost


At 1 May 2023
7,175



At 30 April 2024

7,175



Amortisation


At 1 May 2023
7,175



At 30 April 2024

7,175



Net book value



At 30 April 2024
-



At 30 April 2023
-



Page 8

 
EAGLE GOLF TOURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
4,112
5,319
9,431



At 30 April 2024

4,112
5,319
9,431



Depreciation


At 1 May 2023
3,701
5,319
9,020


Charge for the year on owned assets
62
-
62



At 30 April 2024

3,763
5,319
9,082



Net book value



At 30 April 2024
349
-
349



At 30 April 2023
411
-
411


6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
75,744
75,744

Other debtors
16,788
11,125

Prepayments and accrued income
19,285
26,439

111,817
113,308



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
212,322
178,749

212,322
178,749


Page 9

 
EAGLE GOLF TOURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,468
5,071

Trade creditors
78,893
39,827

Other taxation and social security
685
709

Other creditors
83,619
80,984

Accruals and deferred income
79,871
88,449

248,536
215,040



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
29,714
34,995

29,714
34,995


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable by instalments
6,601
13,274

6,601
13,274

.


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



35,000 (2023 - 35,000) Ordinary shares of £1.00 each
35,000
35,000
50,000 (2023 - 50,000) Preference shares of £1.00 each
50,000
50,000

85,000

85,000


Page 10

 
EAGLE GOLF TOURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,509 (2023 - £1,870).


12.


Related party transactions

The company had the following related party transactions during the year: 


Interest free loan to 2024
Interest free loan (from) 2024
Interest free loan to 2023
Interest free loan (from) 2023
£
£
£
£

Entities with control over this entity
75,744
-
75,744
-
Key management personnel
-
(34,545)
-
(34,545)


13.


Controlling party

The ultimate parent company is E and B Investments Limited , a company incorporated in England and Wales. 
The ultimate controlling party is W Holt, due to his majority shareholding in the parent company. 
 
Page 11