REGISTERED NUMBER: SC723250 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Top 100 Golf Travel Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D J Davis

J L D Miners

J Owen

REGISTERED OFFICE:

25 Castle Terrace

Edinburgh

EH1 2ER

REGISTERED NUMBER:

SC723250 (Scotland)

ACCOUNTANTS:

Jeffrey Crawford & Co

Chartered Accountants

25 Castle Terrace

Edinburgh

EH1 2ER

FIXED ASSETS

Intangible assets

4

32,000

36,000

CURRENT ASSETS

Debtors

5

169,905

98,273

Cash at bank

422,763

452,762

592,668

551,035

CREDITORS

Amounts falling due within one year

6

530,304

539,457

NET CURRENT ASSETS

62,364

11,578

TOTAL ASSETS LESS CURRENT LIABILITIES

94,364

47,578

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

94,264

47,478

94,364

47,578

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 Owen - Director

1.	STATUTORY INFORMATION

Top 100 Golf Travel Ltd is a private company, limited by shares , registered in Scotland. 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 reserves of £94,364(2023: £47,578). Advance booking and deposits for tours are strong for the forthcoming year and continued profits are forecast. The accounts are prepared on a going concern basis as the director expects to see continued strong results and sufficient funds available to meet day to day needs as they arise.

Turnover

Turnover relates to Golf Tours both in the UK and abroad. Income is measured on an accrual basis at the fair value of the consideration received or receivable, net of any discounts, rebates and value added tax where applicable.These events are subject to the Tour Operators Margin Scheme with value added tax being accounted for on the margins achieved rather than total income and at the point the tour begins.

Golf Tour income is recognised when the tour takes place. Receipts and costs relating to future events are treated as deferred income and expenses in line with the contractual obligations and legal entitlement to recognize the income.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

40,000

AMORTISATION

At 1 January 2024

4,000

Charge for year

4,000

At 31 December 2024

8,000

NET BOOK VALUE

At 31 December 2024

32,000

At 31 December 2023

36,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

9,413

-

Amounts owed by group undertakings

17,122

28,600

Other debtors

143,370

69,673

169,905

98,273

Other debtors includes tour expenses that have been paid in advance and deferred to future periods. These are reversed when the tour takes place.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

2,000

Amounts owed to group undertakings

252,935

147,851

Taxation and social security

1,078

10,247

Other creditors

276,291

379,359

530,304

539,457

Other creditors of £161,388 (2023: £270,641) represent deposits received and advance receipts relating to future tours which are recognised as income at the point the tour takes place.

7.	RELATED PARTY DISCLOSURES

Included in creditors is an amount of £252,935 (PY: £147,851) of loan financing advanced by other group companies. These debts are interest free, unsecured and repayable on demand.

Income received from recharges of shared consultancy costs and wages to other group companies amounted to £68,864. Charges payable to other group members for advertising, marketing and shared consultancy costs amounted to £108,903.

Director's consultancy fees paid in the year amounted to £56,399.

8.	ULTIMATE CONTROLLING PARTY

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