Registered number
04853469
Golftee LP4 Limited
Filleted Accounts
31 March 2024
Golftee LP4 Limited
Registered number: 04853469
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments - -
- -
Current assets
Cash at bank and in hand 2,986 353
Creditors: amounts falling due within one year 3 (8,573,735) (8,571,083)
Net current liabilities (8,570,749) (8,570,730)
Net liabilities (8,570,749) (8,570,730)
Capital and reserves
Called up share capital 63,505 63,505
Share premium 6,223,854 6,223,854
Profit and loss account (14,858,108) (14,858,089)
Shareholders' funds (8,570,749) (8,570,730)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R W Jefferson
Director
Approved by the board on 31 December 2024
Golftee LP4 Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The accounts are presented in pounds sterling (£).
The accounts are prepared on the historical cost basis except that investments in subsidiaries are stated at their fair value.
Going concern
At the year end the company has net current liabilities of £8,570,749 (2023: £8,570,730) which includes amounts due to related undertakings of £8,573,735 (2023: £8,570,083). The company meets its day to day working capital requirements through its positive cash balances and funding provided by related parties. These related party relationships will continue for the foreseeable future and provide the necessary working capital to allow the company to continue to trade. This on-going financial support means that the directors are confident that the company has sufficient resources to meet its liabilities as they fall due for at least 12 months from the date of approval of these accounts. Therefore these accounts are prepared on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
The company had no employees during the current or preceeding financial years. No fees are paid in respect of directors' services.
3 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 8,573,735 8,570,083
Other creditors - 1,000
8,573,735 8,571,083
4 Related party transactions
The company undertook the following transactions with entities whose directors (or general partner's directors) include directors of this company:
Transactions in the year Amounts due from / (to)
2024 2023 2024 2023
£ £ £ £
API Limited
Payments made on account - - (2,340) (1,140)
The MNFI Limited Partnership
Payments made on account - - (8,568,943) (8,568,943)
Wellbark Property Limited
Payments made on account - - (2,452) -
All related party balances are unsecured and will be settled by cash generated from operations.
5 Controlling party
The company is a wholly owned subsidiary of Jolan Limited, a company incorporated in Jersey with registered office at First Floor, La Chasse Chambers, Ten La Chasse, St Helier, Jersey, JE2 4UE.

The directors regard Jolan Limited as the immediate controlling party. In the directors' opinion there is no ultimate controlling party as there is no single party which exercises control.

The results of the company are not included in any group financial statements.
6 Other information
Golftee LP4 Limited is a private company limited by shares and incorporated in England. Its registered office is:
First Floor, Finchale House
Belmont Business Park
Durham
DH1 1TW
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