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REGISTERED NUMBER: 08731695 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

GOLFWISE PROPERTIES LIMITED

GOLFWISE PROPERTIES LIMITED (REGISTERED NUMBER: 08731695)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GOLFWISE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: D I Bugg
A Bugg
M L Jones
R Colton
Mrs J Bugg





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





REGISTERED NUMBER: 08731695 (England and Wales)





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

GOLFWISE PROPERTIES LIMITED (REGISTERED NUMBER: 08731695)

BALANCE SHEET
31 OCTOBER 2024

31/10/24 31/10/23
Notes £    £   
CURRENT ASSETS
Debtors 4 68,322 69,318
Cash at bank 25 145
68,347 69,463
CREDITORS
Amounts falling due within one year 5 65,786 66,086
NET CURRENT ASSETS 2,561 3,377
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,561

3,377

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,461 3,277
SHAREHOLDERS' FUNDS 2,561 3,377

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 10 June 2025 and were signed on its behalf by:




D I Bugg - Director


GOLFWISE PROPERTIES LIMITED (REGISTERED NUMBER: 08731695)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Golfwise Properties 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Other debtors 68,322 69,318

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Other creditors 65,786 66,086

GOLFWISE PROPERTIES LIMITED (REGISTERED NUMBER: 08731695)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date, M Jones was owed £2,500 (2023 - £2,500) and R Colton was owed £1,980 (2023 - £2,980).

7. RELATED PARTY DISCLOSURES

As of the reporting date the following balances were owed from / (to) related parties:

2024 2023
£ £
Golfwise Limited 56,337 57,333
Croydon Golf Limited 902 902
Footgolf Wise Limited 3,334 3,334
Hall Lane Golf Limited 7,413 7,413
Palewell Golf & Tennis (59,106 ) (59,106 )
Golfplay (1,600 ) (1,600 )
(7,280 ) (8,276 )

These balances are included in other debtors and other creditors.