Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activity792023-04-0179falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02113887 2023-04-01 2024-03-31 02113887 2022-04-01 2023-03-31 02113887 2024-03-31 02113887 2023-03-31 02113887 c:Director2 2023-04-01 2024-03-31 02113887 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 02113887 d:Buildings d:LongLeaseholdAssets 2024-03-31 02113887 d:Buildings d:LongLeaseholdAssets 2023-03-31 02113887 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 02113887 d:MotorVehicles 2023-04-01 2024-03-31 02113887 d:MotorVehicles 2024-03-31 02113887 d:MotorVehicles 2023-03-31 02113887 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02113887 d:FurnitureFittings 2023-04-01 2024-03-31 02113887 d:FurnitureFittings 2024-03-31 02113887 d:FurnitureFittings 2023-03-31 02113887 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02113887 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 02113887 d:OtherPropertyPlantEquipment 2024-03-31 02113887 d:OtherPropertyPlantEquipment 2023-03-31 02113887 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02113887 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02113887 d:CurrentFinancialInstruments 2024-03-31 02113887 d:CurrentFinancialInstruments 2023-03-31 02113887 d:Non-currentFinancialInstruments 2024-03-31 02113887 d:Non-currentFinancialInstruments 2023-03-31 02113887 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02113887 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02113887 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02113887 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02113887 d:ShareCapital 2024-03-31 02113887 d:ShareCapital 2023-03-31 02113887 d:RetainedEarningsAccumulatedLosses 2024-03-31 02113887 d:RetainedEarningsAccumulatedLosses 2023-03-31 02113887 c:FRS102 2023-04-01 2024-03-31 02113887 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02113887 c:FullAccounts 2023-04-01 2024-03-31 02113887 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02113887 d:WithinOneYear 2024-03-31 02113887 d:WithinOneYear 2023-03-31 02113887 d:BetweenOneFiveYears 2024-03-31 02113887 d:BetweenOneFiveYears 2023-03-31 02113887 d:MoreThanFiveYears 2024-03-31 02113887 d:MoreThanFiveYears 2023-03-31 02113887 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 02113887 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 02113887 2 2023-04-01 2024-03-31 02113887 6 2023-04-01 2024-03-31 02113887 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 02113887










Putt In The Park Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024





 
Putt In The Park Limited
Registered number: 02113887

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,260,183
1,444,360

Investments
 5 
77,430
77,430

  
1,337,613
1,521,790

Current assets
  

Stocks
  
37,366
45,010

Debtors: amounts falling due within one year
 6 
195,609
111,434

Cash at bank and in hand
  
146,856
119,790

  
379,831
276,234

Creditors: amounts falling due within one year
 7 
(700,457)
(493,533)

Net current liabilities
  
 
 
(320,626)
 
 
(217,299)

Total assets less current liabilities
  
1,016,987
1,304,491

Creditors: amounts falling due after more than one year
 8 
(158,466)
(210,902)

  

Net assets
  
858,521
1,093,589


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
858,518
1,093,586

  
858,521
1,093,589


Page 1

 
Putt In The Park Limited
Registered number: 02113887

Balance Sheet (continued)
As at 31 March 2024

The directors consider 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 directors acknowledge their 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 profit and loss account 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 by: 



................................................
D R Beamish
Director
Date: 13 November 2024

Page 2

 
Putt In The Park Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

The company is a private company limited by share capital incorporated in England, within the United Kingdom. 
The address of the registered office is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG. 

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
Putt In The Park Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.3

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property
-
Over the term of the lease
Assets under construction
-
None until completion of construction
Motor vehicles
-
5 years straight line
Fixtures, fittings and equipment
-
3 to 5 years straight line
Leasehold improvements
-
Over the term of the lease

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.

 
2.4

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

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.

 
2.7

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.

Page 4

 
Putt In The Park Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

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.

 
2.12

Interest income

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

Page 5

 
Putt In The Park Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 79 (2023 - 79).

Page 6

 
Putt In The Park Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

4.


Tangible fixed assets





Leasehold property
Motor vehicles
Fixtures, fittings and equipment
Leasehold improvements
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
126,631
22,040
331,888
2,239,529
2,720,088


Additions
-
-
9,840
1,312
11,152


Disposals
-
(4,490)
(80,913)
-
(85,403)


Transfers between classes
-
-
50,406
(50,406)
-



At 31 March 2024

126,631
17,550
311,221
2,190,435
2,645,837



Depreciation


At 1 April 2023
38,611
12,397
290,838
933,882
1,275,728


Charge for the year on owned assets
48,308
3,511
15,758
127,573
195,150


Disposals
-
(4,490)
(80,734)
-
(85,224)


Transfers between classes
-
-
8,838
(8,838)
-



At 31 March 2024

86,919
11,418
234,700
1,052,617
1,385,654



Net book value



At 31 March 2024
39,712
6,132
76,521
1,137,818
1,260,183



At 31 March 2023
88,020
9,643
41,050
1,305,647
1,444,360



Page 7

 
Putt In The Park Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2023
77,430



At 31 March 2024
77,430





6.


Debtors

2024
2023
£
£


Trade debtors
5,218
3,040

Amounts owed by related undertakings
472
472

Other debtors
96,794
50,162

Prepayments and accrued income
28,024
22,915

Deferred taxation
65,101
34,845

195,609
111,434



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
115,364
58,308

Corporation tax
47,374
45,926

Other taxation and social security
80,378
72,839

Other creditors (incl directors loans)
67,071
47,492

Accruals and deferred income
390,270
268,968

700,457
493,533



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
56,699
117,799

Accruals and deferred income
101,767
93,103

158,466
210,902


Page 8

 
Putt In The Park Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

9.


Deferred taxation




2024


£






At beginning of year
34,845


Credit to profit or loss
30,256



At end of year
65,101

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(50,692)
(18,946)

Losses and other deductions
(14,057)
(15,628)

Short term timing differences
(352)
(271)

(65,101)
(34,845)


10.


Pension commitments

The Company operates a defined contribution 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 £44,905 (2023 - £44,720). Contributions totalling £3,280 (2023 - £1,904 ) were payable to the fund at the balance sheet date and are included in creditors.


11.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023 as restated
£
£


Not later than 1 year
47,000
47,000

Later than 1 year and not later than 5 years
151,750
180,750

Later than 5 years
7,500
25,500

206,250
253,250

Page 9

 
Putt In The Park Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

12.


Related party transactions


1 April 2023
Advances to director
Repaid by director
At 31 March 2024
2023
£
£
£
£
£

Overdrawn Loan account
35,839
-
-
35,839
35,839
35,839
-
-
35,839
35,839

Other transactions with directors
D R Beamish 
During the year there was no repayment or advance made to D R Beamish, a director of the company. The loan is interest free and repayable on demand. No repayments of the advance have been made post year end. At the balance sheet date the amount due from D R Beamish was £35,839 (2023 - £35,839). 


Page 10