CRANTOCK GOLF LIMITED


Director	William Jack Eustice


Registered Address	Gilbury House
	Rose Hill
	Lostwithiel
	PL22 0DG


Registered Number	15045590 (England and Wales)

Notes to the Financial Statements
for the period ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows, noting that Plant and Machinery assets are depreciated at a maximum life of 10 years, but range between 5 and 10 years:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows, noting that Plant and Machinery assets are depreciated at a maximum life of 10 years, but range between 5 and 10 years:


		Straight line (years)
	Land and buildings	50
	Plant and machinery	10
	Fixtures and fittings	10
	Office Equipment	5

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

	Government grants or assistance
	Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Government grants or assistance

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	24		0

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
Additions	1,668,140	301,669	50,332	9,051	2,029,192
At 31 December 25	1,668,140	301,669	50,332	9,051	2,029,192
Depreciation and impairment
Charge for year	16,991	32,500	2,757	1,431	53,679
At 31 December 25	16,991	32,500	2,757	1,431	53,679
Net book value
At 31 December 25	1,651,149	269,169	47,575	7,620	1,975,513
At 30 June 24	-	-	-	-	-

4.	Stocks

	2025	2024
	£	£
Payments on account, stocks	18,525	-
Total	18,525	-

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	21,191	-
Prepayments and accrued income	9,101	-
Total	30,292	-

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	34,693	-
Bank borrowings and overdrafts	676,863	-
Taxation and social security	30,173	-
Finance lease and HP contracts	55,657	-
Other creditors	409,226	-
Accrued liabilities and deferred income	44,696	-
Total	1,251,308	-

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	425,154	-
Total	425,154	-

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	190,463		-

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	24,403	-
Total	24,403	-

10.	Share capital
	In 2025 the allotted, called-up and fully-paid Ordinary shares of £0.000001 each totalled 2474718 shares.

11.	Related party transactions
	During the year the company traded with it's associate company, Killey Consulting Limited, at an arms length basis. A total of £243,600 was charged by Killey Consulting Limited to the company, with £150,000 being owed by the company at the year end. Total shareholder loans outstanding of £140,000 is owed to minority shareholders, with interest charged at a market rate, and is repayable on demand.

11.

Related party transactions

During the year the company traded with it's associate company, Killey Consulting Limited, at an arms length basis.		
A total of £243,600 was charged by Killey Consulting Limited to the company, with £150,000 being owed by the company at the year end.

Total shareholder loans outstanding of £140,000 is owed to minority shareholders, with interest charged at a market rate, and is repayable on demand.

	Notes	31 Dec 2025		30 Jun 2024
		£	£	£	£
Called up share capital not paid			-		1
Fixed assets
Tangible assets	3		1,975,513		-
			1,975,513		-
Current assets
Stocks	4	18,525		-
Debtors	5	30,292		-
Cash at bank and on hand		62,818		-
		111,635		-
Creditors amounts falling due within one year	6	(1,251,308)		-
Net current assets (liabilities)			(1,139,673)		1
Total assets less current liabilities			835,840		1
Creditors amounts falling due after one year	7		(425,154)		-
Provisions for liabilities	9		(24,403)		-
Net assets			386,283		1
Capital and reserves
Called up share capital			2		1
Share premium			644,992		-
Profit and loss account			(258,711)		-
Shareholders' funds			386,283		1