LOLO Miller Golf Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Statement of Changes in Equity	4
Notes to the Financial Statements	5—7

Report to the directors on the preparation of the unaudited statutory accounts of LOLO Miller Golf Limited for the period 4 December 2024 to 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LOLO Miller Golf Limited for the period 4 December 2024 to 31 December 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts.

This report is made solely to the directors of LOLO Miller Golf Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of LOLO Miller Golf Limited and state those matters that we have agreed to state to the directors of LOLO Miller Golf Limited , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LOLO Miller Golf Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that LOLO Miller Golf Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of LOLO Miller Golf Limited . You consider that LOLO Miller Golf Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of LOLO Miller Golf Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

29/08/2026

GMH Chartered Accountants

Pavilion 3, Suite 2

St James Business Park

Paisley

Renfrewshire

PA3 3BB

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LOLO Miller Golf Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: SC830962

		31 December 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		777

			777
CURRENT ASSETS
Debtors	5	3,502
Cash at bank and in hand		28,506

		32,008
Creditors: Amounts Falling Due Within One Year	6	(37,474 )

NET CURRENT ASSETS (LIABILITIES)			(5,466 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(4,689 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(148 )

NET LIABILITIES			(4,837 )

CAPITAL AND RESERVES
Called up share capital	8		100
Profit and Loss Account			(4,937 )

SHAREHOLDERS' FUNDS			(4,837)

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LOLO Miller Golf Limited

Balance Sheet (continued)

As At 31 December 2025

For the period ending 31 December 2025 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Miss L M McClymont Director	Mrs G E McClymont Director
29/08/2026

The notes on pages 5 to 7 form part of these financial statements.

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LOLO Miller Golf Limited

Statement of Changes in Equity

For the Period 4 December 2024 to 31 December 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 4 December 2024	100	-	100
Loss for the period and total comprehensive income	-	(4,937 )	(4,937)

As at 31 December 2025	100	(4,937 )	(4,837)

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LOLO Miller Golf Limited

Notes to the Financial Statements

For the Period 4 December 2024 to 31 December 2025

Notes to the Financial Statements

1. General Information

LOLO Miller Golf Limited is a private company, limited by shares, incorporated in Scotland, registered number SC830962 . The registered office is C/o GMH Chartered Accountants, Pavilion 3, Suite 2, St James Business Park, Linwood, Paisley, Renfrewshire, PA3 3BB.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. In the year under review, nett liabilities exist with the directors confirming any loan monies due to them will not be repaid until future periods allow.

2.3. Significant judgements and estimations

The preparation of the financial statements, in compliance with FRS 102, requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company’s accounting policies. The directors are of the opinion that due to the nature of the business, there are no critical accounting estimates of judgements used in the preparation of these financial statements.

2.4. 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 worldwide tournament winnings, nett of any applicable withholding taxes and sponsorship income relating to a specific athlete.

2.5. 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:

Computer Equipment

33% Straight Line

2.6. Financial Instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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LOLO Miller Golf Limited

Notes to the Financial Statements (continued)

For the Period 4 December 2024 to 31 December 2025

2.8. 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 period, 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.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 4 December 2024	-
Additions	999

As at 31 December 2025	999

Depreciation
As at 4 December 2024	-
Provided during the period	222

As at 31 December 2025	222

Net Book Value
As at 31 December 2025	777

As at 4 December 2024	-

5. Debtors

	31 December 2025
	£
Due within one year
Prepayments and accrued income	3,502

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LOLO Miller Golf Limited

Notes to the Financial Statements (continued)

For the Period 4 December 2024 to 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	31 December 2025
	£
VAT	3,687
Other creditors	2,609
Accruals and deferred income	9,146
Directors' loan accounts	22,032

	37,474

7. Deferred Taxation

The provision for deferred tax is made up as follows:

	31 December 2025
	£
Other timing differences	148

8. Share Capital

	31 December 2025
	£
Allotted, Called up and fully paid	100

9. Ultimate Controlling Party

The company's ultimate controlling party is Miss L McClymont by virtue of his ownership of 100% of the issued share capital in the company.

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