Company registration number SC563390 (Scotland)
TGI GOLF TRAVEL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
TGI GOLF TRAVEL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
TGI GOLF TRAVEL LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
4
7,334
14,163
Tangible assets
5
919
1,760
8,253
15,923
Current assets
Debtors
6
765,518
450,221
Cash at bank and in hand
747,093
904,837
1,512,611
1,355,058
Creditors: amounts falling due within one year
7
(1,622,186)
(1,528,387)
Net current liabilities
(109,575)
(173,329)
Net liabilities
(101,322)
(157,406)
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
(101,323)
(157,407)
Total equity
(101,322)
(157,406)

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 the provisions of FRS 102 Section 1A - small entities.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 August 2026 and are signed on its behalf by:
Ms A McLean
Director
Company registration number SC563390 (Scotland)
TGI GOLF TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

TGI Golf Travel Limited is a private company limited by shares incorporated in Scotland. The registered office is Birch House, Quarrywood Court, Livingston, West Lothian, EH54 6AX.

The Company's principal activity continues to be that of a Travel Agent, providing bespoke travel solutions predominantly in the domestic and overseas Golf sector.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the reporting date, the true c ompany had net current liabilities of £109,575 (202 5 - £173,837) a nd amounts payable to its parent undertaking of £192,806 (202 5 - £233,229).

The directors also have the continued support of the trading parent company, Tartan Golf International Limited, should unexpected cashflow issues arise. The parent company has pledged its continued support and the directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provi de services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

TGI GOLF TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website development costs
33% Straight line
1.5
Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line or reducing balance methods.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% Reducing balance
Computer equipment
33% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

TGI GOLF TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

TGI GOLF TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
1.10
Taxation

Tax is recognised in the Statement of Comprehensive Income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been

enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

No deferred tax has been recognised in the financial statements as the amounts involved are not deemed to be significant.

1.11
Employee benefits

Defined contribution pension plan

The c ompany operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

1.12
Foreign exchange

Functional and presentation currency

The Company's functional and presentational currency is GBP. Balances in the financial statements are rounded to the nearest £.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
5
4
TGI GOLF TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
3
Taxation
2026
2025
£
£
Current tax
UK corporation tax on profits for the current period
20,524
20,963
Adjustments in respect of prior periods
(1)
-
0
Total current tax
20,523
20,963
4
Intangible fixed assets
Website
development
costs
£
Cost
At 1 April 2025
21,200
Additions
250
At 31 March 2026
21,450
Amortisation and impairment
At 1 April 2025
7,037
Amortisation charged for the year
7,079
At 31 March 2026
14,116
Carrying amount
At 31 March 2026
7,334
At 31 March 2025
14,163
TGI GOLF TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
5
Tangible fixed assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 April 2025
1,000
13,719
14,719
Additions
-
0
750
750
Disposals
(455)
(9,839)
(10,294)
At 31 March 2026
545
4,630
5,175
Depreciation and impairment
At 1 April 2025
832
12,128
12,961
Depreciation charged in the year
25
1,564
1,589
Eliminated in respect of disposals
(455)
(9,839)
(10,294)
At 31 March 2026
403
3,853
4,256
Carrying amount
At 31 March 2026
142
777
919
At 31 March 2025
168
1,592
1,760
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
18,681
5,720
Other debtors
746,837
444,501
765,518
450,221
7
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
194,962
236,080
Corporation tax
20,524
20,964
Accruals and deferred income
1,406,700
1,271,343
1,622,186
1,528,387

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

TGI GOLF TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
8
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
9
Related party transactions

Advantage has been taken of the exemption provided by FRS 102 Section 33 "Related Party Transactions" whereby disclosures need not be given of transactions entered between members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

10
Parent company

The c ompany's parent undertaking is Tartan Golf International Limited, a company registered in Scotland.

In the opinion of the Directors, there is no ultimate controlling party.

2026-03-31 2025-04-01 false false false 04 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Ms A Wilson Ms A McLean Mrs A Crerand SC563390 2025-04-01 2026-03-31 SC563390 2026-03-31 SC563390 2025-03-31 SC563390 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2026-03-31 SC563390 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-03-31 SC563390 core:FurnitureFittings 2026-03-31 SC563390 core:ComputerEquipment 2026-03-31 SC563390 core:FurnitureFittings 2025-03-31 SC563390 core:ComputerEquipment 2025-03-31 SC563390 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 SC563390 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 SC563390 core:ShareCapital 2026-03-31 SC563390 core:ShareCapital 2025-03-31 SC563390 core:RetainedEarningsAccumulatedLosses 2026-03-31 SC563390 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC563390 core:ShareCapitalOrdinaryShareClass1 2026-03-31 SC563390 core:ShareCapitalOrdinaryShareClass1 2025-03-31 SC563390 bus:Director1 2025-04-01 2026-03-31 SC563390 core:IntangibleAssetsOtherThanGoodwill 2025-04-01 2026-03-31 SC563390 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-04-01 2026-03-31 SC563390 core:FurnitureFittings 2025-04-01 2026-03-31 SC563390 core:ComputerEquipment 2025-04-01 2026-03-31 SC563390 2024-04-01 2025-03-31 SC563390 core:UKTax 2025-04-01 2026-03-31 SC563390 core:UKTax 2024-04-01 2025-03-31 SC563390 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-03-31 SC563390 core:FurnitureFittings 2025-03-31 SC563390 core:ComputerEquipment 2025-03-31 SC563390 2025-03-31 SC563390 core:CurrentFinancialInstruments 2026-03-31 SC563390 core:CurrentFinancialInstruments 2025-03-31 SC563390 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 SC563390 bus:OrdinaryShareClass1 2026-03-31 SC563390 bus:OrdinaryShareClass1 2025-03-31 SC563390 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 SC563390 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 SC563390 bus:FRS102 2025-04-01 2026-03-31 SC563390 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 SC563390 bus:Director2 2025-04-01 2026-03-31 SC563390 bus:CompanySecretary1 2025-04-01 2026-03-31 SC563390 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP