Simon Garner Golf Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11681857

Simon Garner Golf Ltd

Filleted Unaudited Financial Statements

30 November 2024

Simon Garner Golf Ltd

Statement of Financial Position

30 November 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	4		2,589	3,454

Current assets

Stocks		8,000	12,000
Debtors	5	966	8,332
Cash at bank and in hand		4,506	443
		--------	--------
		13,472	20,775

Creditors: amounts falling due within one year	6	51,562		45,710
		--------		--------
Net current liabilities			38,090	24,935
			--------	--------
Total assets less current liabilities			( 35,501)	( 21,481)

Creditors: amounts falling due after more than one year	7	650	1,950
		--------	--------
Net liabilities		( 36,151)	( 23,431)
		--------	--------

Simon Garner Golf Ltd

Statement of Financial Position (continued)

30 November 2024

	2024		2023
Note	£	£	£

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 36,152)	( 23,432)
	--------	--------
Shareholders deficit	( 36,151)	( 23,431)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr S P Garner
Director

Company registration number: 11681857

Simon Garner Golf Ltd

Notes to the Financial Statements

Year ended 30 November 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Windsor Close, Welwyn, Hertfordshire, AL6 9JZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and firrings	-	25% reducing balance
Leasehold improvements	-	33% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Tangible assets

	Fixtures and fittings	Leasehold improvements	Total
	£	£	£
Cost
At 1 December 2023 and 30 November 2024	5,657	2,809	8,466
	-------	-------	-------
Depreciation
At 1 December 2023	2,203	2,809	5,012
Charge for the year	865	–	865
	-------	-------	-------
At 30 November 2024	3,068	2,809	5,877
	-------	-------	-------
Carrying amount
At 30 November 2024	2,589	–	2,589
	-------	-------	-------
At 30 November 2023	3,454	–	3,454
	-------	-------	-------

5. Debtors

	2024	2023
	£	£
Other debtors	966	8,332
	----	-------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	7,558	3,866
Trade creditors	2,059	2,188
Other creditors	41,945	39,656
	--------	--------
	51,562	45,710
	--------	--------

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	650	1,950
	----	-------