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REGISTERED NUMBER: 11710009 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Golf Entertainments Operations Limited

Golf Entertainments Operations Limited (Registered number: 11710009)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Golf Entertainments Operations Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: N C F Dainton
C S Foreman
R J Kensey
Lumleys.net (Uk) Limited





REGISTERED OFFICE: Hillview
Farleigh Road
Cliddesden
Basingstoke
Hampshire
RG25 2JL





REGISTERED NUMBER: 11710009 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Golf Entertainments Operations Limited (Registered number: 11710009)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 746,379 753,213

CURRENT ASSETS
Stocks 57,375 31,000
Debtors 5 113,791 62,339
Cash at bank 54,888 39,171
226,054 132,510
CREDITORS
Amounts falling due within one year 6 669,588 706,502
NET CURRENT LIABILITIES (443,534 ) (573,992 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

302,845

179,221

CREDITORS
Amounts falling due after more than one
year

7

-

(14,716

)

PROVISIONS FOR LIABILITIES 9 (91,363 ) (3,146 )
NET ASSETS 211,482 161,359

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 211,478 161,355
SHAREHOLDERS' FUNDS 211,482 161,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

Golf Entertainments Operations Limited (Registered number: 11710009)

Balance Sheet - continued
31 December 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





N C F Dainton - Director


Golf Entertainments Operations Limited (Registered number: 11710009)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Golf Entertainments Operations Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Golf Entertainments Operations Limited (Registered number: 11710009)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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 year 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.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 1,021,669 10,261 7,544 1,039,474
Additions 116,282 532 2,428 119,242
Disposals (32,940 ) - - (32,940 )
At 31 December 2024 1,105,011 10,793 9,972 1,125,776
DEPRECIATION
At 1 January 2024 271,812 6,979 7,470 286,261
Charge for year 110,503 1,258 875 112,636
Eliminated on disposal (19,500 ) - - (19,500 )
At 31 December 2024 362,815 8,237 8,345 379,397
NET BOOK VALUE
At 31 December 2024 742,196 2,556 1,627 746,379
At 31 December 2023 749,857 3,282 74 753,213

Golf Entertainments Operations Limited (Registered number: 11710009)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 113,791 62,339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 8) 3,173 22,481
Trade creditors 16,656 14,885
Taxation and social security 21,993 22,649
Other creditors 627,766 646,487
669,588 706,502

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 8) - 14,716

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 3,173 22,481
Between one and five years - 14,716
3,173 37,197

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 56,057 33,285
Between one and five years 124,301 68,650
180,358 101,935

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 91,363 3,146

Golf Entertainments Operations Limited (Registered number: 11710009)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 3,146
Accelerated capital allowances 88,217
Balance at 31 December 2024 91,363

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
400 Ordinary £0.01 4 4

11. RELATED PARTY DISCLOSURES

At the end of the year an amount of £113,787 (2023: £45,852) was owed to the company by Golf Entertainments Property Ltd and £373,030 (2023: £390,030) was owed by the company to Golf Entertainments Ltd.