REGISTERED NUMBER: 02406171 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GOLF INNS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Milton

D Milton

REGISTERED OFFICE:

2nd Floor

28-30 Belle Vue Terrace

Malvern

Worcestershire

WR14 4PZ

REGISTERED NUMBER:

02406171 (England and Wales)

BANKERS:

Lloyds Bank PLC

1 Legg Street

Chelmsford

Essex

CM1 1JS

FIXED ASSETS

Tangible assets

4

678

797

Investment property

5

2,169,317

2,164,270

2,169,995

2,165,067

CURRENT ASSETS

Debtors

14,824

16,055

Cash at bank

17,387

12,809

32,211

28,864

CREDITORS

Amounts falling due within one year

3,810,445

3,772,297

NET CURRENT LIABILITIES

(3,778,234

)

(3,743,433

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,608,239

)

(1,578,366

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Fair value reserve

439,561

439,561

Retained earnings

(2,057,800

)

(2,027,927

)

SHAREHOLDERS' FUNDS

(1,608,239

)

(1,578,366

)

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 October 2025 and were signed on its behalf by:

J Milton - Director

1.	STATUTORY INFORMATION

Golf Inns 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below.

At the balance sheet date the company had net current liabilities of £3,778,234 (2023 - £3,743,433), and total net liabilities of £1,608,239 (2023 - £1,578,366). The directors have expressed their willingness to support the company as necessary and as such the business is considered a going concern and has the full support of the group. The accounts and financial statements have therefore been prepared on a going concern basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Investment property

Investment property is measured at the fair value at each reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

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 NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

64,788

DEPRECIATION

At 1 January 2024

63,991

Charge for year

119

At 31 December 2024

64,110

NET BOOK VALUE

At 31 December 2024

678

At 31 December 2023

797

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

2,164,270

Additions

5,047

At 31 December 2024

2,169,317

NET BOOK VALUE

At 31 December 2024

2,169,317

At 31 December 2023

2,164,270

In the opinion of the chairman, Malcolm Milton FRICS, the value of investment property on an open market basis for existing use was not significantly different from the valuation currently shown.The historic cost of the property would have been £2,169,317

6.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.

7.	ULTIMATE PARENT COMPANY

The ultimate holding company is Mara Holdings Ltd, a company incorporated in the Commonwealth of the Bahamas.