Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr T J H Aggett 28/04/2021 Mrs Y M Alford 01/04/2018 Mrs R J Burnham 22/03/2023 Mr C Eddowes 01/04/2018 Mr N S James 31/01/2016 Mr B Newman 22/03/2023 Dr P B St Leger 28/04/2021 Mr R J Worthington 04/02/2016 06 May 2025 The principal activity of the company during the financial year was that of running golf events, teams and promotion of golf in Devon. 09978153 2024-12-31 09978153 bus:Director1 2024-12-31 09978153 bus:Director2 2024-12-31 09978153 bus:Director3 2024-12-31 09978153 bus:Director4 2024-12-31 09978153 bus:Director5 2024-12-31 09978153 bus:Director6 2024-12-31 09978153 bus:Director7 2024-12-31 09978153 bus:Director8 2024-12-31 09978153 2023-12-31 09978153 core:CurrentFinancialInstruments 2024-12-31 09978153 core:CurrentFinancialInstruments 2023-12-31 09978153 core:RetainedEarningsAccumulatedLosses 2024-12-31 09978153 core:RetainedEarningsAccumulatedLosses 2023-12-31 09978153 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-12-31 09978153 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 09978153 core:PlantMachinery 2023-12-31 09978153 core:OfficeEquipment 2023-12-31 09978153 core:PlantMachinery 2024-12-31 09978153 core:OfficeEquipment 2024-12-31 09978153 2024-01-01 2024-12-31 09978153 bus:FilletedAccounts 2024-01-01 2024-12-31 09978153 bus:SmallEntities 2024-01-01 2024-12-31 09978153 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09978153 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 09978153 bus:Director1 2024-01-01 2024-12-31 09978153 bus:Director2 2024-01-01 2024-12-31 09978153 bus:Director3 2024-01-01 2024-12-31 09978153 bus:Director4 2024-01-01 2024-12-31 09978153 bus:Director5 2024-01-01 2024-12-31 09978153 bus:Director6 2024-01-01 2024-12-31 09978153 bus:Director7 2024-01-01 2024-12-31 09978153 bus:Director8 2024-01-01 2024-12-31 09978153 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2024-01-01 2024-12-31 09978153 core:OfficeEquipment 2024-01-01 2024-12-31 09978153 2023-01-01 2023-12-31 09978153 core:PlantMachinery 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 09978153 (England and Wales)

DEVON GOLF LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

DEVON GOLF LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

DEVON GOLF LIMITED

BALANCE SHEET

As at 31 December 2024
DEVON GOLF LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 1,588 2,179
1,588 2,179
Current assets
Stocks 8,874 7,692
Debtors 5 21,977 22,210
Cash at bank and in hand 303,055 308,299
333,906 338,201
Creditors: amounts falling due within one year 6 ( 38,740) ( 49,715)
Net current assets 295,166 288,486
Total assets less current liabilities 296,754 290,665
Net assets 296,754 290,665
Reserves
Profit and loss account 296,754 290,665
Total reserves 296,754 290,665

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Devon Golf Limited (registered number: 09978153) were approved and authorised for issue by the Board of Directors on 06 May 2025. They were signed on its behalf by:

Mr C Eddowes
Director
DEVON GOLF LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
DEVON GOLF LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Devon Golf Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities.

The company recognises revenue for goods and services when they are delivered, for entry fees when the tournaments take place and for levies in the calendar year to which they relate.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Plant and machinery not depreciated
Office equipment 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Public Benefit Entity

The directors believe that the company is a Public Benefit Entity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Website costs Total
£ £
Cost
At 01 January 2024 1,800 1,800
At 31 December 2024 1,800 1,800
Accumulated amortisation
At 01 January 2024 1,800 1,800
At 31 December 2024 1,800 1,800
Net book value
At 31 December 2024 0 0
At 31 December 2023 0 0

4. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 January 2024 981 5,406 6,387
Disposals 0 ( 3,617) ( 3,617)
At 31 December 2024 981 1,789 2,770
Accumulated depreciation
At 01 January 2024 0 4,208 4,208
Charge for the financial year 0 591 591
Disposals 0 ( 3,617) ( 3,617)
At 31 December 2024 0 1,182 1,182
Net book value
At 31 December 2024 981 607 1,588
At 31 December 2023 981 1,198 2,179

5. Debtors

2024 2023
£ £
Trade debtors 0 630
Prepayments and accrued income 21,977 21,580
21,977 22,210

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,807 524
Accruals and deferred income 20,720 15,619
Corporation tax 603 510
Other creditors 14,610 33,062
38,740 49,715