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COMPANY REGISTRATION NUMBER: 03684595

Golf Explorations Limited

Unaudited financial statements

28 February 2026

Golf Explorations Limited

Statement of financial position

28 February 2026

| 2026 | 2025
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 6 |  | 53,952 |  | 31,172
Investments | 7 |  | 1,684,464 |  | 243,419
|  | ----------- |  | ---------
|  | 1,738,416 |  | 274,591

Current assets

Stocks | 11,721 |  | 11,093 |
Debtors | 8 | 10,663 |  | 2,254 |
Cash at bank and in hand | 2,385,409 |  | 4,473,145 |
| ----------- |  | ----------- |
| 2,407,793 |  | 4,486,492 |

Creditors: Amounts falling due within one year | 9 | ( 123,800) |  | ( 148,807) |
| ----------- |  | ----------- |
Net current assets |  | 2,283,993 |  | 4,337,685
|  | ----------- |  | -----------
Total assets less current liabilities |  | 4,022,409 |  | 4,612,276

Provisions

Taxation including deferred tax |  | ( 35,636) |  | ( 14,169)
|  | ----------- |  | -----------
Net assets |  | 3,986,773 |  | 4,598,107
|  | ----------- |  | -----------

Capital and reserves

Called up share capital |  | 2,000 |  | 2,000
Share premium account |  | 448,002 |  | 448,002
Profit and loss account |  | 3,536,771 |  | 4,148,105
|  | ----------- |  | -----------
Shareholders funds |  | 3,986,773 |  | 4,598,107
|  | ----------- |  | -----------

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 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Golf Explorations Limited

Statement of financial position (continued)

28 February 2026
These financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

Mrs M E Daniels
Director

Company registration number: 03684595

Golf Explorations Limited

Notes to the financial statements

Year ended 28 February 2026
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Home Farm, West End, West Caister, Great Yarmouth, Norfolk, NR30 5ST. The trading address is Marine Parade, Great Yarmouth, Norfolk, NR30 2ER.
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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

| Plant and machinery | - | 15% reducing balance
| Fixtures and fittings | - | 15% reducing balance
| Motor vehicles | - | 25% reducing balance

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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.
4. Employee numbers
The average number of employees during the year was 6 (2025: 7 ).
5. Intangible assets

| Goodwill
| £
Cost |
At 1 March 2025 and 28 February 2026 | 582,650
| ---------
Amortisation |
At 1 March 2025 and 28 February 2026 | 582,650
| ---------
Carrying amount |
At 28 February 2026 | –
| ---------
At 28 February 2025 | –
| ---------

6. Tangible assets

| Land and buildings | Plant and machinery | Fixtures and fittings | Motor vehicles | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 March 2025 | 4,166 | 39,097 | 112,768 | 18,177 | 174,208
Additions | – | – | – | 27,616 | 27,616
| ------ | ------- | --------- | ------- | ---------
At 28 February 2026 | 4,166 | 39,097 | 112,768 | 45,793 | 201,824
| ------ | ------- | --------- | ------- | ---------
Depreciation |  |  |  |  |
At 1 March 2025 | 4,164 | 23,699 | 98,627 | 16,546 | 143,036
Charge for the year | – | 2,309 | 2,119 | 408 | 4,836
| ------ | ------- | --------- | ------- | ---------
At 28 February 2026 | 4,164 | 26,008 | 100,746 | 16,954 | 147,872
| ------ | ------- | --------- | ------- | ---------
Carrying amount |  |  |  |  |
At 28 February 2026 | 2 | 13,089 | 12,022 | 28,839 | 53,952
| ------ | ------- | --------- | ------- | ---------
At 28 February 2025 | 2 | 15,398 | 14,141 | 1,631 | 31,172
| ------ | ------- | --------- | ------- | ---------

7. Investments

| Other investments other than loans
| £
Cost |
At 1 March 2025 | 243,419
Additions | 1,402,758
Disposals | ( 23,147)
Revaluations | 61,434
| -----------
At 28 February 2026 | 1,684,464
| -----------
Impairment |
At 1 March 2025 and 28 February 2026 | –
| -----------

Carrying amount |
At 28 February 2026 | 1,684,464
| -----------
At 28 February 2025 | 243,419
| -----------

8. Debtors

| 2026 | 2025
| £ | £
Other debtors | 10,663 | 2,254
| ------- | ------

9. Creditors: Amounts falling due within one year

| 2026 | 2025
| £ | £
Trade creditors | 561 | 109
Social security and other taxes | 111,777 | 136,793
Other creditors | 11,462 | 11,905
| --------- | ---------
| 123,800 | 148,807
| --------- | ---------

10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2026 | 2025
| £ | £
Not later than 1 year | 51,500 | 51,500
Later than 1 year and not later than 5 years | 206,000 | –
Later than 5 years | 772,500 | –
| ----------- | -------
| 1,030,000 | 51,500
| ----------- | -------

11. Directors' advances, credits and guarantees
At 28 February 2026, W J and Mrs M E Daniels owed the company £43 (2025: £980 owed to the directors), being the balance on their current account.