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REGISTERED NUMBER: 06641234 (England and Wales)












Hayle Golf Ltd

Unaudited Financial Statements

for the Year Ended 30th September 2024






Hayle Golf Ltd (Registered number: 06641234)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Hayle Golf Ltd

Company Information
for the Year Ended 30th September 2024







DIRECTORS: I J Luke
Mrs S Luke





SECRETARY: Mrs S Luke





REGISTERED OFFICE: 48 Arwenack Street
Falmouth
Cornwall
TR11 3JH





REGISTERED NUMBER: 06641234 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

Hayle Golf Ltd (Registered number: 06641234)

Statement of Financial Position
30th September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,300 2,900
Tangible assets 5 233,368 235,165
235,668 238,065

CURRENT ASSETS
Stocks 69,730 76,262
Debtors 6 3,767 3,660
Cash at bank and in hand 579,146 383,749
652,643 463,671
CREDITORS
Amounts falling due within one year 7 (124,164 ) (102,010 )
NET CURRENT ASSETS 528,479 361,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

764,147

599,726

CREDITORS
Amounts falling due after more than one
year

8

(6,667

)

(19,394

)

PROVISIONS FOR LIABILITIES (24,728 ) (22,816 )
NET ASSETS 732,752 557,516

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 732,652 557,416
SHAREHOLDERS' FUNDS 732,752 557,516

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

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

Hayle Golf Ltd (Registered number: 06641234)

Statement of Financial Position - continued
30th September 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 11th March 2025 and were signed on its behalf by:





I J Luke - Director


Hayle Golf Ltd (Registered number: 06641234)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Hayle Golf 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sale of goods/services, excluding value added tax.

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 is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvement to leasehold property - 10% on cost and 4% on cost
Plant and machinery - 33% on cost and 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 15% 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hayle Golf Ltd (Registered number: 06641234)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1st October 2023
and 30th September 2024 3,000
AMORTISATION
At 1st October 2023 100
Amortisation for year 600
At 30th September 2024 700
NET BOOK VALUE
At 30th September 2024 2,300
At 30th September 2023 2,900

5. TANGIBLE FIXED ASSETS
Improvement
to Fixtures
leasehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st October 2023 261,395 271,674 433
Additions 6,823 46,126 -
Disposals - (18,752 ) -
At 30th September 2024 268,218 299,048 433
DEPRECIATION
At 1st October 2023 88,355 220,870 433
Charge for year 20,853 32,083 -
Eliminated on disposal - (18,752 ) -
At 30th September 2024 109,208 234,201 433
NET BOOK VALUE
At 30th September 2024 159,010 64,847 -
At 30th September 2023 173,040 50,804 -

Hayle Golf Ltd (Registered number: 06641234)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st October 2023 20,745 1,237 555,484
Additions - - 52,949
Disposals - (214 ) (18,966 )
At 30th September 2024 20,745 1,023 589,467
DEPRECIATION
At 1st October 2023 9,916 745 320,319
Charge for year 1,624 186 54,746
Eliminated on disposal - (214 ) (18,966 )
At 30th September 2024 11,540 717 356,099
NET BOOK VALUE
At 30th September 2024 9,205 306 233,368
At 30th September 2023 10,829 492 235,165

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 3,767 3,660

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 11,133 11,078
Taxation and social security 97,135 77,923
Other creditors 15,896 13,009
124,164 102,010

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 6,667 19,394