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REGISTERED NUMBER: 14102237 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

JAMGOLF (UK) LIMITED

JAMGOLF (UK) LIMITED (REGISTERED NUMBER: 14102237)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAMGOLF (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Mr L Fothergill
Mr M Groves





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 14102237 (England and Wales)





ACCOUNTANTS: Brookes Stephens
New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

JAMGOLF (UK) LIMITED (REGISTERED NUMBER: 14102237)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Intangible assets 4 14,194 6,667

Current assets
Stocks 904,695 807,362
Debtors 5 70,835 30,577
Cash at bank 399,099 372,451
1,374,629 1,210,390
Creditors
Amounts falling due within one year 6 1,170,077 1,110,616
Net current assets 204,552 99,774
Total assets less current liabilities 218,746 106,441

Capital and reserves
Called up share capital 7 1,000 1,000
Retained earnings 217,746 105,441
Shareholders' funds 218,746 106,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

JAMGOLF (UK) LIMITED (REGISTERED NUMBER: 14102237)

BALANCE SHEET - continued
31 JANUARY 2025


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 31 July 2025 and were signed on its behalf by:




Mr L Fothergill - Director



Mr M Groves - Director


JAMGOLF (UK) LIMITED (REGISTERED NUMBER: 14102237)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Jamgolf (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced goods and services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

JAMGOLF (UK) LIMITED (REGISTERED NUMBER: 14102237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2024 10,000
Additions 11,500
At 31 January 2025 21,500
AMORTISATION
At 1 February 2024 3,333
Charge for year 3,973
At 31 January 2025 7,306
NET BOOK VALUE
At 31 January 2025 14,194
At 31 January 2024 6,667

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 68,992 28,290
Other debtors 1,843 2,287
70,835 30,577

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,099 -
Trade creditors 499,257 223,612
Amounts owed to group undertakings 599,000 808,048
Taxation and social security 61,721 78,956
1,170,077 1,110,616

JAMGOLF (UK) LIMITED (REGISTERED NUMBER: 14102237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. RELATED PARTY DISCLOSURES

At the year end, the company owed Guernsey Golf Limited, a subsidiary of its parent company based in Guernsey, a total of £599,000 (2024: £808,048). This balance is interest free and repayable on demand.

9. CONTROLLING PARTY

The controlling party is GGL Holdings Limited, a company registered in Guernsey.

The registered office of GGL Holdings Limited is: Rohais du Haut, St Peter Port, Guernsey, GY1 1FD.