| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 October 2024 |
| for |
| Golf Cafe Bars Limited |
| REGISTERED NUMBER: |
| 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 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Land & |
| buildings |
| £ |
| COST |
| At 31 October 2023 |
| and 30 October 2024 |
| NET BOOK VALUE |
| At 30 October 2024 |
| At 30 October 2023 |
| 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 |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans & overdrafts (see note 8) |
| Trade creditors |
| Other taxation & social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans (see note 8) |
| Other creditors |
| 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 |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| 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. |
| Accountants |
| 40-42 Castleford Road |
| Normanton |
| WF6 2EE |