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REGISTERED NUMBER: 02855222 (England and Wales)












CLASSIC GOLF INTERNATIONAL LTD.

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






CLASSIC GOLF INTERNATIONAL LTD. (REGISTERED NUMBER: 02855222)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLASSIC GOLF INTERNATIONAL LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: R A Pierre
C A J Trower





REGISTERED OFFICE: Highland House
Mayflower Close
Chandlers Ford
Eastleigh
Hampshire
SO53 4AR





REGISTERED NUMBER: 02855222 (England and Wales)

CLASSIC GOLF INTERNATIONAL LTD. (REGISTERED NUMBER: 02855222)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 817 1,158
817 1,158

CURRENT ASSETS
Debtors 6 356,485 363,644
Cash at bank 567,615 283,243
924,100 646,887
CREDITORS
Amounts falling due within one year 7 (345,073 ) (176,289 )
NET CURRENT ASSETS 579,027 470,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

579,844

471,756

PROVISIONS FOR LIABILITIES 8 (205 ) (290 )
NET ASSETS 579,639 471,466

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 549,639 441,466
SHAREHOLDERS' FUNDS 579,639 471,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

CLASSIC GOLF INTERNATIONAL LTD. (REGISTERED NUMBER: 02855222)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





C A J Trower - Director


CLASSIC GOLF INTERNATIONAL LTD. (REGISTERED NUMBER: 02855222)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Classic Golf International Ltd. 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

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 prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Turnover
Turnover represents the value of income received from tour services provided, and is recognised on the date that the tour departs.

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.

Website development is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year 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 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.

CLASSIC GOLF INTERNATIONAL LTD. (REGISTERED NUMBER: 02855222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CLASSIC GOLF INTERNATIONAL LTD. (REGISTERED NUMBER: 02855222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 July 2023 10,000
Disposals (10,000 )
At 30 June 2024 -
AMORTISATION
At 1 July 2023 10,000
Eliminated on disposal (10,000 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 July 2023 2,832
Additions 457
At 30 June 2024 3,289
DEPRECIATION
At 1 July 2023 1,674
Charge for year 798
At 30 June 2024 2,472
NET BOOK VALUE
At 30 June 2024 817
At 30 June 2023 1,158

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 5,952 -
Amounts owed by group undertakings 277,672 285,672
Other debtors 72,861 77,972
356,485 363,644

CLASSIC GOLF INTERNATIONAL LTD. (REGISTERED NUMBER: 02855222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 71,076 14,660
Taxation and social security 37,213 18,095
Other creditors 236,784 143,534
345,073 176,289

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 205 290

Deferred tax
£
Balance at 1 July 2023 290
Provided during year (85 )
Balance at 30 June 2024 205

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year advances totalling £Nil (2023: £3,461) were made to the company's directors. £8,253 (2023: £3,323) was repaid prior to the year end. The balance outstanding from the company at the year end was £8,115 (2023: outstanding to the company £138).

The above amount is interest free and repayable on demand.