REGISTERED NUMBER: 05050918 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Top 100 Golf Courses Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Davis

J L D Miners

J Owen

REGISTERED OFFICE:

International House

6 South Molton Street

London

W1K 5QF

REGISTERED NUMBER:

05050918 (England and Wales)

ACCOUNTANTS:

Jeffrey Crawford & Co

Chartered Accountants

25 Castle Terrace

Edinburgh

EH1 2ER

FIXED ASSETS

Intangible assets

4

3,189

4,486

Tangible assets

5

-

-

3,189

4,486

CURRENT ASSETS

Stocks

4,558

5,314

Debtors

6

169,608

161,064

Cash at bank

17,235

31,225

191,401

197,603

CREDITORS

Amounts falling due within one year

7

208,894

146,263

NET CURRENT (LIABILITIES)/ASSETS

(17,493

)

51,340

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,304

)

55,826

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(14,404

)

55,726

(14,304

)

55,826

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 26 September 2025 and were signed on its behalf by:

D J Davis - Director

J L D Miners - Director

1.	STATUTORY INFORMATION

Top 100 Golf Courses Ltd 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.

Going concern

At the balance sheet date the company had net liabilities of £14,304 (2023: net assets £55,826) and net current liabilities of £17,493 (2023: assets £51,340). The company continues to develop it's website and promotion of Golf targeting growing sponsorship and advertising. The company continues to be reliant on the continued financial support from the parent company and that of other group members during this development period.The accounts are therefore prepared on a going concern basis.

Turnover

Turnover consists of advertising and sponsorship income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

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.

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 etc

-

20% on reducing balance

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

12,965

AMORTISATION

At 1 January 2024

8,479

Charge for year

1,297

At 31 December 2024

9,776

NET BOOK VALUE

At 31 December 2024

3,189

At 31 December 2023

4,486

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

734

DEPRECIATION

At 1 January 2024

and 31 December 2024

734

NET BOOK VALUE

At 31 December 2024

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

5,455

-

Other debtors

164,153

161,064

169,608

161,064

Other debtors relates to accrued income

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

6,575

-

Amounts owed to group undertakings

167,034

128,513

Taxation and social security

27,041

3,831

Other creditors

8,244

13,919

208,894

146,263

8.	RELATED PARTY DISCLOSURES

Included in creditors is an amount of £167,034 (2023: £128,513) of loan financing advanced from other group companies. These debts are interest free, unsecured and repayable on demand.

Charges made to group members for advertising, marketing and consultancy amounted to £164,153 (2023: £160,000) in the period

Directors consultancy fees in the year amounted to £51,585

9.	ULTIMATE CONTROLLING PARTY

Top 100 Golf Courses Ltd. is a wholly owned subsidiary of Top 100 Golf BV a company situated in the Netherlands.