Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.192023-06-01falseThe principle activity is sports and leisure18truefalse 04648348 2023-06-01 2024-05-31 04648348 2022-06-01 2023-05-31 04648348 2024-05-31 04648348 2023-05-31 04648348 c:Director2 2023-06-01 2024-05-31 04648348 d:Buildings 2023-06-01 2024-05-31 04648348 d:PlantMachinery 2023-06-01 2024-05-31 04648348 d:PlantMachinery 2024-05-31 04648348 d:PlantMachinery 2023-05-31 04648348 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04648348 d:OfficeEquipment 2023-06-01 2024-05-31 04648348 d:OfficeEquipment 2024-05-31 04648348 d:OfficeEquipment 2023-05-31 04648348 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04648348 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04648348 d:CurrentFinancialInstruments 2024-05-31 04648348 d:CurrentFinancialInstruments 2023-05-31 04648348 d:Non-currentFinancialInstruments 2024-05-31 04648348 d:Non-currentFinancialInstruments 2023-05-31 04648348 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 04648348 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 04648348 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 04648348 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 04648348 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 04648348 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 04648348 d:ShareCapital 2024-05-31 04648348 d:ShareCapital 2023-05-31 04648348 d:RetainedEarningsAccumulatedLosses 2024-05-31 04648348 d:RetainedEarningsAccumulatedLosses 2023-05-31 04648348 c:FRS102 2023-06-01 2024-05-31 04648348 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 04648348 c:FullAccounts 2023-06-01 2024-05-31 04648348 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04648348 d:WithinOneYear 2024-05-31 04648348 d:WithinOneYear 2023-05-31 04648348 d:BetweenOneFiveYears 2024-05-31 04648348 d:BetweenOneFiveYears 2023-05-31 04648348 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 04648348 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 04648348 d:TaxLossesCarry-forwardsDeferredTax 2024-05-31 04648348 d:TaxLossesCarry-forwardsDeferredTax 2023-05-31 04648348 d:RetirementBenefitObligationsDeferredTax 2024-05-31 04648348 d:RetirementBenefitObligationsDeferredTax 2023-05-31 04648348 1 2023-06-01 2024-05-31 04648348 2 2023-06-01 2024-05-31 04648348 4 2023-06-01 2024-05-31 04648348 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 04648348










Fresh Golf Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 May 2024

 
Fresh Golf Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Fresh Golf Limited for the Year Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fresh Golf Limited for the year ended 31 May 2024 which comprise the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Fresh Golf Limited, as a body, in accordance with the terms of our engagement letter dated 15 September 2023Our work has been undertaken solely to prepare for your approval the financial statements of Fresh Golf Limited and state those matters that we have agreed to state to the Board of Directors of Fresh Golf Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fresh Golf Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Fresh Golf Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fresh Golf Limited. You consider that Fresh Golf Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Fresh Golf Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
18 February 2025
Page 1

 
Fresh Golf Limited
Registered number: 04648348

Balance Sheet
As at 31 May 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
97,332
55,657

  
97,332
55,657

Current assets
  

Stocks
  
24,432
27,167

Debtors: amounts falling due within one year
 6 
792,505
764,873

Cash at bank and in hand
  
188,332
752,279

  
1,005,269
1,544,319

Creditors: amounts falling due within one year
 7 
(195,527)
(584,175)

Net current assets
  
 
 
809,742
 
 
960,144

Total assets less current liabilities
  
907,074
1,015,801

Creditors: amounts falling due after more than one year
 8 
(10,506)
(20,752)

  

Net assets
  
896,568
995,049


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
895,568
994,049

  
896,568
995,049


Page 2

 
Fresh Golf Limited
Registered number: 04648348

Balance Sheet (continued)
As at 31 May 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 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 by: 




................................................
N J Burke
Director
Date: 17 February 2025

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
Fresh Golf Limited
 

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

1.


General information

Fresh Golf Limited is a private company, limited by share capital, and incorporated in England and Wales.  These financial statements are presented in sterling and are rounded to the nearest £1.
The registration number of the company is 04648348.
The registered office address is 1 Leazes Avenue, Chaldon, Croydon, Surrey, CR3 5AG.

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.

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. 

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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

Turnover 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 turnover 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 4

 
Fresh Golf Limited
 

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

2.Accounting policies (continued)

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Sale and leaseback

Where a sale and leaseback transaction results in a finance lease, no gain is immediately recognised for any excess of sales proceeds over the carrying amount of the asset. Instead, the proceeds are presented as a liability and subsequently measured at amortised cost using the effective interest method.
When a sale and leaseback transaction results in an operating lease, and it is clear that the transition is established at fair value any profit or loss is recognised immediately. If the sale price is below fair value, any profit or loss is recognised immediately unless the loss is compensated for by the future lease payments at below market price. In that case any such loss is amortised in proportion to the lease payments over the period for which the asset is expected to be used. If the sale price is above fair value, the excess over fair value is amortised over the period for which the asset is expected to be used.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.7

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 or on a reducing balance basis..

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight line
Plant and machinery
-
15%
to 20% per annum reducing balance
Office equipment
-
33%
per annum 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.

Page 5

 
Fresh Golf Limited
 

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

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Interest income

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

 
2.10

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.


 
2.11

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

Page 6

 
Fresh Golf Limited
 

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

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2023 - 18).


4.


Exceptional items

2024
2023
£
£


Profit on disposal of land and buildings
-
833,389

-
833,389


5.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
405,882
36,270
442,152


Additions
58,645
-
58,645



At 31 May 2024

464,527
36,270
500,797



Depreciation


At 1 June 2023
352,159
34,336
386,495


Charge for the year on owned assets
15,322
1,648
16,970



At 31 May 2024

367,481
35,984
403,465



Net book value



At 31 May 2024
97,046
286
97,332



At 31 May 2023
53,723
1,934
55,657

Page 7

 
Fresh Golf Limited
 

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

6.


Debtors

2024
2023
£
£


Trade debtors
13,073
12,941

Other debtors
87,966
87,132

Prepayments and accrued income
664,341
664,800

Deferred taxation
27,125
-

792,505
764,873



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,247
9,994

Trade creditors
63,726
32,728

Amounts owed to group undertakings
12,220
10,067

Corporation tax
-
152,827

Other taxation and social security
27,075
32,093

Other creditors
937
257,201

Accruals and deferred income
81,322
89,265

195,527
584,175



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,506
20,752

10,506
20,752


Page 8

 
Fresh Golf Limited
 

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

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,247
9,994


10,247
9,994

Amounts falling due 1-2 years

Bank loans
10,506
20,752


10,506
20,752



20,753
30,746



10.


Deferred taxation




2024


£






Credited to profit or loss
27,125



At end of year
27,125

The deferred tax asset is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(21,092)
-

Short term timing differences
6,621
-

Losses and other deductions
41,596
-

27,125
-


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 £115,132 (2023 - £48,081). Contributions totalling £937 (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

Page 9

 
Fresh Golf Limited
 

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

12.


Commitments under operating leases

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

2024
2023
£
£


Not later than 1 year
47,500
45,000

Later than 1 year and not later than 5 years
140,158
177,658

187,658
222,658


13.


Related party transactions

Horsham Leisure Limited
(Same directors)
During the year Horsham Leisure Limited was recharged costs of £2,988 (2023 - £2,373) by the company. At the balance sheet date the amount due to Horsham Leisure Limited was £12,220 (2023  - £10,067).


Page 10