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REGISTERED NUMBER: 12079613 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Langley Park Golf Studio Limited

Langley Park Golf Studio Limited (Registered number: 12079613)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Langley Park Golf Studio Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Ms M McNally





REGISTERED OFFICE: Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ





REGISTERED NUMBER: 12079613 (England and Wales)





ACCOUNTANTS: Berry & Company
Chartered Accountants
Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ

Langley Park Golf Studio Limited (Registered number: 12079613)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,271 8,671

CURRENT ASSETS
Stocks 425 310
Debtors 5 19,194 14,194
Cash at bank 14,703 13,682
34,322 28,186
CREDITORS
Amounts falling due within one year 6 15,550 23,906
NET CURRENT ASSETS 18,772 4,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,043

12,951

CREDITORS
Amounts falling due after more than one
year

7

20,206

14,436
NET ASSETS/(LIABILITIES) 5,837 (1,485 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 5,827 (1,495 )
5,837 (1,485 )

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

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

The director acknowledges her 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.

Langley Park Golf Studio Limited (Registered number: 12079613)

Balance Sheet - continued
31 July 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 14 April 2025 and were signed by:





Ms M McNally - Director


Langley Park Golf Studio Limited (Registered number: 12079613)

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

1. STATUTORY INFORMATION

Langley Park Golf Studio 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.

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.

Income recognition
Turnover represents the fair value of consideration received or receivable derived from the provision of goods and services to customers by way of running a golf studio and pro shop during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 etc - 25% on reducing balance and 20% on reducing balance

Inventories
Stocks are measured at the lower of cost and estimated selling prices less costs to complete and sell.

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

Langley Park Golf Studio Limited (Registered number: 12079613)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 21,605
Additions 370
At 31 July 2024 21,975
DEPRECIATION
At 1 August 2023 12,934
Charge for year 1,770
At 31 July 2024 14,704
NET BOOK VALUE
At 31 July 2024 7,271
At 31 July 2023 8,671

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 261 261
Other debtors 18,933 13,933
19,194 14,194

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 285
Trade creditors 120 120
Taxation and social security 1,113 959
Other creditors 14,317 22,542
15,550 23,906

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 20,206 14,436

Langley Park Golf Studio Limited (Registered number: 12079613)

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

8. LEASING AGREEMENTS
Future operating lease commitments total £36,000.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms M McNally.