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Registered number: 07865991
RISEBRIDGE GOLF LTD.
Unaudited Financial Statements
For The Year Ended 29 November 2023
Mazuma
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07865991
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 210,664 231,855
210,664 231,855
CURRENT ASSETS
Stocks 5 8,000 8,000
Debtors 6 267,374 55,617
Cash at bank and in hand 196,828 288,992
472,202 352,609
Creditors: Amounts Falling Due Within One Year 7 (452,423 ) (551,686 )
NET CURRENT ASSETS (LIABILITIES) 19,779 (199,077 )
TOTAL ASSETS LESS CURRENT LIABILITIES 230,443 32,778
Creditors: Amounts Falling Due After More Than One Year 8 (196,514 ) (16,306 )
NET ASSETS 33,929 16,472
CAPITAL AND RESERVES
Called up share capital 10 120,265 120,265
Profit and Loss Account (86,336 ) (103,793 )
SHAREHOLDERS' FUNDS 33,929 16,472
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For the year ending 29 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ricky Tester
Director
06/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
RISEBRIDGE GOLF LTD. is a private company, limited by shares, incorporated in England & Wales, registered number 07865991 . The registered office is Risebridge Golf Centre Lower Bedfords Road, Risebridge Chase, Romford, RM1 4DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over the lease term
Plant & Machinery 10% reducing balance
Fixtures & Fittings over 5 years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2022: 13)
13 13
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 30 November 2022 55,953 326,498 5,619 388,070
As at 29 November 2023 55,953 326,498 5,619 388,070
Depreciation
As at 30 November 2022 13,756 137,919 4,540 156,215
Provided during the period 1,254 18,858 1,079 21,191
As at 29 November 2023 15,010 156,777 5,619 177,406
Net Book Value
As at 29 November 2023 40,943 169,721 - 210,664
As at 30 November 2022 42,197 188,579 1,079 231,855
5. Stocks
2023 2022
£ £
Stock 8,000 8,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 105,805 -
Other debtors 161,569 55,617
267,374 55,617
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - (9,946 )
Trade creditors 54,074 144,328
Bank loans and overdrafts 252,207 216,858
Other creditors 83,128 128,997
Taxation and social security 63,014 71,449
452,423 551,686
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - (103,441 )
Bank loans 42,087 47,059
Other creditors 154,427 72,688
196,514 16,306
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year - (9,946 )
Later than one year and not later than five years - (103,441 )
- (113,387 )
- (113,387 )
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 120,265 120,265
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