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REGISTERED NUMBER: 06551365 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

GOLF PAR EXCELLENCE LTD

GOLF PAR EXCELLENCE LTD (REGISTERED NUMBER: 06551365)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLF PAR EXCELLENCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: J M O'Sullivan





SECRETARY: Ms C Couval





REGISTERED OFFICE: Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW





REGISTERED NUMBER: 06551365 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

GOLF PAR EXCELLENCE LTD (REGISTERED NUMBER: 06551365)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 48,000 56,000
Tangible assets 5 3,164 4,219
51,164 60,219

CURRENT ASSETS
Debtors 6 46,325 40,864
Cash at bank 77,601 78,278
123,926 119,142
CREDITORS
Amounts falling due within one year 7 76,952 87,676
NET CURRENT ASSETS 46,974 31,466
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,138

91,685

CREDITORS
Amounts falling due after more than one
year

8

111,834

120,901
NET LIABILITIES (13,696 ) (29,216 )

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 27,991 27,991
Capital redemption reserve 4 4
Retained earnings (41,791 ) (57,311 )
SHAREHOLDERS' FUNDS (13,696 ) (29,216 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 PAR EXCELLENCE LTD (REGISTERED NUMBER: 06551365)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 28 March 2025 and were signed by:





J M O'Sullivan - Director


GOLF PAR EXCELLENCE LTD (REGISTERED NUMBER: 06551365)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Golf Par Excellence 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 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 amounts chargeable in respect of the sale of goods and services to customers.

Goodwill
Goodwill is the difference between the fair value of consideration paid for an acquired entity and the aggregate of the fair value of that entity's identifiable assets and liabilities.

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised over its economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Goodwill is being amortised over the expected useful economic life of 20 years.

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.

Development costs are being amortised evenly over their 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.
Motor vehicles - 25% on reducing balance

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.

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.

GOLF PAR EXCELLENCE LTD (REGISTERED NUMBER: 06551365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared under the going concern concept on the basis that the director has agreed to provide adequate funds to enable the company to meet its liabilities as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Development
Goodwill costs Totals
£ £ £
COST
At 1 November 2023
and 31 October 2024 160,000 3,727 163,727
AMORTISATION
At 1 November 2023 104,000 3,727 107,727
Amortisation for year 8,000 - 8,000
At 31 October 2024 112,000 3,727 115,727
NET BOOK VALUE
At 31 October 2024 48,000 - 48,000
At 31 October 2023 56,000 - 56,000

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£
COST
At 1 November 2023
and 31 October 2024 13,334
DEPRECIATION
At 1 November 2023 9,115
Charge for year 1,055
At 31 October 2024 10,170
NET BOOK VALUE
At 31 October 2024 3,164
At 31 October 2023 4,219

GOLF PAR EXCELLENCE LTD (REGISTERED NUMBER: 06551365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 250
Other debtors 46,325 40,614
46,325 40,864

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 1,533 549
Taxation and social security 8,340 5,976
Other creditors 67,079 81,151
76,952 87,676

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Other creditors 111,834 120,901

Directors' loan accounts include an amount of £99,000 which is subordinated to the CAA. This sum will not be repaid without the consent of the CAA.

9. RELATED PARTY DISCLOSURES

At 31 October 2024, the company owed the director and shareholder J M O'Sullivan £104,445 (2023: £104,073). The loan is unsecured, interest free and has no fixed repayment date or repayment schedule.