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Registered number: 04354776
Stuart Hill PGA Professional Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
THB LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04354776
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,275 15,033
Investments 5 7,875 -
19,150 15,033
CURRENT ASSETS
Stocks 6 115,000 52,326
Debtors 7 69,675 52,290
Cash at bank and in hand 60,355 78,040
245,030 182,656
Creditors: Amounts Falling Due Within One Year 8 (141,488 ) (72,158 )
NET CURRENT ASSETS (LIABILITIES) 103,542 110,498
TOTAL ASSETS LESS CURRENT LIABILITIES 122,692 125,531
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,142 ) (2,856 )
NET ASSETS 120,550 122,675
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 120,450 122,575
SHAREHOLDERS' FUNDS 120,550 122,675
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stuart Hill
Director
16/12/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Stuart Hill PGA Professional Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04354776 . The registered office is No 1 Cottage, Swinley Forest Golf Club , Bodens Ride, Surrey, England, SL5 9FL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25.00% RB
Computer Equipment 33% SL
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 51,563 823 52,386
As at 31 March 2025 51,563 823 52,386
Depreciation
As at 1 April 2024 36,530 823 37,353
Provided during the period 3,758 - 3,758
As at 31 March 2025 40,288 823 41,111
Net Book Value
As at 31 March 2025 11,275 - 11,275
As at 1 April 2024 15,033 - 15,033
5. Investments
Listed
£
Cost or Valuation
As at 1 April 2024 -
Additions 7,875
As at 31 March 2025 7,875
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 7,875
As at 1 April 2024 -
6. Stocks
2025 2024
£ £
Stock 115,000 52,326
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Page 5
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,893 95
Other debtors - Loan 15,000 -
VAT 13,544 10,827
Director's loan account 3,041 -
Intercompany 36,197 41,368
69,675 52,290
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 119,734 59,896
Bank loans and overdrafts 807 -
Corporation tax 9,161 10,563
Other creditors- Pensions 331 -
Accruals and deferred income 11,455 1,320
Director's loan account - 379
141,488 72,158
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr Stuart Hill 34,000 24,400
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