Company No: 14102237 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTORS	Mr L Fothergill
	Mr M Groves

REGISTERED OFFICE	71-75 Shelton Street
	Covent Garden
	London
	WC2H 9JQ
	United Kingdom

COMPANY NUMBER

14102237 (England and Wales)

ACCOUNTANT	Offshore Commercial Limited
	Fairbairn House
	Rohais
	St Peter Port
	Guernsey
	GY1 1FE

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	40,361		14,194
Tangible assets	4	506		0
		40,867		14,194
Current assets
Stocks		994,426		904,695
Debtors	5	505		70,836
Cash at bank and in hand		449,858		399,099
		1,444,789		1,374,630
Creditors: amounts falling due within one year	6	( 1,093,925)		( 1,170,078)
Net current assets		350,864		204,552
Total assets less current liabilities		391,731		218,746
Net assets		391,731		218,746
Capital and reserves
Called-up share capital	7	1,000		1,000
Profit and loss account		390,731		217,746
Total shareholders' funds		391,731		218,746

For the financial year ending 31 January 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 financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Jamgolf (UK) Limited (registered number: 14102237) were approved and authorised for issue by the Board of Directors on 31 July 2026. They were signed on its behalf by:

Mr L Fothergill Director

Mr M Groves Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Jamgolf (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents net invoiced goods and services, excluding value added tax.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year	0		0

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 February 2025	21,500		21,500
Additions	50,000		50,000
At 31 January 2026	71,500		71,500
Accumulated amortisation
At 01 February 2025	7,306		7,306
Charge for the financial year	23,833		23,833
At 31 January 2026	31,139		31,139
Net book value
At 31 January 2026	40,361		40,361
At 31 January 2025	14,194		14,194

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 February 2025	0		0
Additions	524		524
At 31 January 2026	524		524
Accumulated depreciation
At 01 February 2025	0		0
Charge for the financial year	18		18
At 31 January 2026	18		18
Net book value
At 31 January 2026	506		506
At 31 January 2025	0		0

5. Debtors

	2026		2025
	£		£
Trade debtors	473		68,993
Other debtors	32		1,843
	505		70,836

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank overdrafts	40,007		10,099
Trade creditors	486,567		499,259
Amounts owed to Group undertakings	400,000		599,000
Taxation and social security	167,351		61,720
	1,093,925		1,170,078

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

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000

8. Related party transactions

Other related party transactions

	2026		2025
	£		£
Amounts owed to group undertakings	400,000		599,000

At the year end, the company owed Guernsey Golf Limited, a subsidiary of its parent company based in Guernsey, the above amounts on loan account. The balance is interest free, unsecured and repayable on demand.

Jamgolf (UK) Limited pays a management charge from Guernsey Golf Limited to cover the costs of staff and services provided to the company by Guernsey Golf. For the year ended 31 January 2026, the charges were £180,000 (2025: £150,000 ) Management charges are included within management charges and admin services within the detailed profit and loss account. In addition to the management charges paid to Guernsey Golf Limited, the company also pays management charges to other entities for the provision of outsourced services,

9. Events after the end of the reporting period

There have been no events after the reporting date affecting the Company since the financial year.

10. Ultimate controlling party

The controlling party is GGL Holdings Limited, a company registered in Guernsey.

The registered office of GGL Holdings Limited is: Rohais du Haut, St Peter Port, Guernsey, GY1 1FD.