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REGISTERED NUMBER: 03160760 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

GOLFWISE LIMITED

GOLFWISE LIMITED (REGISTERED NUMBER: 03160760)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLFWISE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: D I Bugg





REGISTERED OFFICE: c/o CBHC Ltd, Steeple House
Suite 3, First Floor
Church Lane
Chelmsford
Essex
CM1 1NH





REGISTERED NUMBER: 03160760 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

GOLFWISE LIMITED (REGISTERED NUMBER: 03160760)

BALANCE SHEET
30 SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,129 28,587

CURRENT ASSETS
Debtors 5 1,923,584 1,861,484
Cash at bank 5,480 2,894
1,929,064 1,864,378
CREDITORS
Amounts falling due within one year 6 1,170,900 1,083,293
NET CURRENT ASSETS 758,164 781,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

778,293

809,672

CREDITORS
Amounts falling due after more than one year 7 (18,038 ) (32,668 )

PROVISIONS FOR LIABILITIES (4,289 ) (3,605 )
NET ASSETS 755,966 773,399

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 755,866 773,299
SHAREHOLDERS' FUNDS 755,966 773,399

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

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

GOLFWISE LIMITED (REGISTERED NUMBER: 03160760)

BALANCE SHEET - continued
30 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 director and authorised for issue on 23 June 2025 and were signed by:





D I Bugg - Director


GOLFWISE LIMITED (REGISTERED NUMBER: 03160760)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Golfwise 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.

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.

Plant and Machinery 25% on reducing balance / 20% on cost
Computer Equipment20% on cost
Motor Vehicles25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

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.

GOLFWISE LIMITED (REGISTERED NUMBER: 03160760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Golf Motor Computer
equipment Equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 9,000 29,638 97,585 408 136,631
Additions - - - 690 690
Disposals (9,000 ) - (65,456 ) - (74,456 )
At 30 September 2024 - 29,638 32,129 1,098 62,865
DEPRECIATION
At 1 October 2023 9,000 26,508 72,128 408 108,044
Charge for year - 1,626 6,428 138 8,192
Eliminated on disposal (9,000 ) - (64,500 ) - (73,500 )
At 30 September 2024 - 28,134 14,056 546 42,736
NET BOOK VALUE
At 30 September 2024 - 1,504 18,073 552 20,129
At 30 September 2023 - 3,130 25,457 - 28,587

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 15,750 15,750
Other debtors 1,907,834 1,845,734
1,923,584 1,861,484

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 10,554 10,803
Hire purchase contracts 6,615 6,615
Taxation and social security 16,571 17,931
Other creditors 1,137,160 1,047,944
1,170,900 1,083,293

GOLFWISE LIMITED (REGISTERED NUMBER: 03160760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Bank loans 6,113 15,864
Hire purchase contracts 11,925 16,804
18,038 32,668

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the director was owed by the company £277,035 (2023: £222,572)

9. RELATED PARTY DISCLOSURES

At balance sheet date, the company was owed the following balances

2024 2023
£    £   
Palewell Golf & Tennis Limited 1,600,767 1,570,117
Daromi Land LLP 13,000 13,000
Golfplay Limited 94,318 109,568
Footgolf Crazy Limited 600 500

At balance sheet date, the company owed the following balances

2024 2023
£    £   
Croydon Golf Limited 310,559 305,259
Hall Lane Golf Limited 295,308 298,608
Footgolfwise Limited 81,620 83,020
Golfwise Properties Limited 57,333 57,333
Notleys Golf Limited 24,236 20,303
Golfwise Enterprise Limited 255 255


The above parties are parties in which the Director holds an interest is is deemed to be connected with.

10. ULTIMATE CONTROLLING PARTY

The director, D Bugg is the ultimate controlling party of the company.