Golf Explorations Limited Filleted accounts for Companies House (small and micro)

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.