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REGISTERED NUMBER: SC723250 (Scotland)















Unaudited Financial Statements for the Period 1 March 2023 to 31 December 2023

for

Top 100 Golf Travel Ltd

Top 100 Golf Travel Ltd (Registered number: SC723250)






Contents of the Financial Statements
for the Period 1 March 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Top 100 Golf Travel Ltd

Company Information
for the Period 1 March 2023 to 31 December 2023







DIRECTORS: S J Holt
D J Davis
J L D Miners
J Owen





REGISTERED OFFICE: 25 Castle Terrace
Edinburgh
EH1 2ER





REGISTERED NUMBER: SC723250 (Scotland)





ACCOUNTANTS: Jeffrey Crawford & Co
Chartered Accountants
25 Castle Terrace
Edinburgh
EH1 2ER

Top 100 Golf Travel Ltd (Registered number: SC723250)

Balance Sheet
31 December 2023

2023 2023
28 February
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,000 -

CURRENT ASSETS
Debtors 5 98,273 29,292
Cash at bank 452,762 111,286
551,035 140,578
CREDITORS
Amounts falling due within one year 6 539,457 173,055
NET CURRENT ASSETS/(LIABILITIES) 11,578 (32,477 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,578

(32,477

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,478 (32,577 )
47,578 (32,477 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

Top 100 Golf Travel Ltd (Registered number: SC723250)

Balance Sheet - continued
31 December 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 28 October 2024 and were signed on its behalf by:




S J Holt - Director



D J Davis - Director


Top 100 Golf Travel Ltd (Registered number: SC723250)

Notes to the Financial Statements
for the Period 1 March 2023 to 31 December 2023

1. STATUTORY INFORMATION

Top 100 Golf Travel 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.

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.

Going concern
This is the second year of trading which is a 10 month period to align the accounts to the end of the golfing season. As expected tour bookings improved significantly due to it being a full season of activity. As a result the balance sheet deficit has reversed and now shows reserves of £47,578 (PY: deficit £32,577) at the year end. Advance booking and deposits for tours are strong for the forthcoming year and the reserves should continue to grow. The accounts are prepared on a going concern basis as the director expects to see continued strong results and sufficient funds available to meet day to day needs as they arise.

Turnover
Turnover relates to Golf Tours both in the UK and abroad. Income is measured on an accrual basis at the fair value of the consideration received or receivable, net of any discounts, rebates and value added tax where applicable.These events are subject to the Tour Operators Margin Scheme with value added tax being accounted for on the margins achieved rather than total income and at the point the tour begins.

Golf Tour income is recognised when the tour takes place. Receipts and costs relating to future events are treated as deferred income and expenses in line with the contractual obligations and legal entitlement to recognize the income.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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.

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 period 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.

Top 100 Golf Travel Ltd (Registered number: SC723250)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 40,000
At 31 December 2023 40,000
AMORTISATION
Charge for period 4,000
At 31 December 2023 4,000
NET BOOK VALUE
At 31 December 2023 36,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
28 February
£    £   
Amounts owed by group undertakings 28,600 100
Other debtors 69,673 29,192
98,273 29,292

Other debtors includes tour expenses that have been paid in advance and deferred to future periods. These are reversed when the tour takes place.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
28 February
£    £   
Trade creditors 2,000 -
Amounts owed to group undertakings 147,851 52,338
Taxation and social security 10,247 1,740
Other creditors 379,359 118,977
539,457 173,055

Other creditors represent deposits received and advance receipts relating to future tours which are recognised as income at the point the tour takes place.

Top 100 Golf Travel Ltd (Registered number: SC723250)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 December 2023

7. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £147,851 (PY: £52,338) of loan financing advanced by other group companies. These debts are interest free, unsecured and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

Top 100 Golf Travel Ltd. is a wholly owned subsidiary of Top 100 Golf BV a company situated in the Netherlands.