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REGISTERED NUMBER: 06594356 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 October 2024

for

Golf Cafe Bars Limited

Golf Cafe Bars Limited (Registered number: 06594356)






Contents of the Financial Statements
for the Year Ended 30 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

Golf Cafe Bars Limited (Registered number: 06594356)

Balance Sheet
30 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 449,666 449,666

CURRENT ASSETS
Debtors 5 3,693 5,116
Cash at bank 13,324 22,115
17,017 27,231
CREDITORS
Amounts falling due within one year 6 30,187 34,727
NET CURRENT LIABILITIES (13,170 ) (7,496 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,496

442,170

CREDITORS
Amounts falling due after more than one year 7 843,861 847,577
NET LIABILITIES (407,365 ) (405,407 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (407,565 ) (405,607 )
(407,365 ) (405,407 )

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

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

Golf Cafe Bars Limited (Registered number: 06594356)

Balance Sheet - continued
30 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 Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by:





W Parkinson - Director


Golf Cafe Bars Limited (Registered number: 06594356)

Notes to the Financial Statements
for the Year Ended 30 October 2024

1. STATUTORY INFORMATION

Golf Cafe Bars Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06594356

Registered office: Apartment 9
Castle Lodge
Castle Road
Wakefield
WF2 7LZ

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land &
buildings
£   
COST
At 31 October 2023
and 30 October 2024 449,666
NET BOOK VALUE
At 30 October 2024 449,666
At 30 October 2023 449,666

Golf Cafe Bars Limited (Registered number: 06594356)

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

4. TANGIBLE FIXED ASSETS - continued

The directors are of the opinion that the Land and Buildings are worth in the region of £1,100,000 based on their rental yields.
The company has spent a total of £728,437 on the property to date.
The current value in the accounts is £449,666 and the company has previously written off £278,771 as depreciation.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,472 5,000
Other debtors 221 116
3,693 5,116

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans & overdrafts (see note 8) 3,694 3,694
Trade creditors - 133
Other taxation & social security 2,115 2,780
Other creditors 24,378 28,120
30,187 34,727

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 683,861 687,577
Other creditors 160,000 160,000
843,861 847,577

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,694 3,694

Amounts falling due between two and five years:
Bank loans - 2-5 years 683,861 687,577

The amounts due on the bank loan is secured on the land and buildings owned by the company.

Golf Cafe Bars Limited (Registered number: 06594356)

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

9. DIRECTOR TRANSACTIONS

Included within other creditors is a balance owed to the directors totalling £163,978 (2023: £168,920).
This balance is interest free and has no set terms of repayment.

10. GOING CONCERN

The company balance sheet shows the company is insolvent in the amount of £407,365 (2023: £405,407).
However the directors loan account stands at £163,978 and this has been deferred indefinitely. The directors are of the opinion that the company property is worth significantly more at a balance sheet value of £449,666.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Golf Cafe Bars Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Golf Cafe Bars Limited for the year ended 30 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Golf Cafe Bars Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Golf Cafe Bars Limited and state those matters that we have agreed to state to the Board of Directors of Golf Cafe Bars Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Golf Cafe Bars Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Golf Cafe Bars Limited. You consider that Golf Cafe Bars Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Golf Cafe Bars Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hawkins
Accountants
40-42 Castleford Road
Normanton
WF6 2EE


17 April 2025