Registrar

Registration number: 13843932

Project Golf Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Project Golf Ltd

Company Information

Directors

J P Beatty C H Bonner

Registered office

48-54 Moorgate London England EC2R 6EJ

Bankers

Lloyds Bank Plc 98 Victoria Street London SW1E 5JL

Accountants

Lambert Chapman LLP Chartered accountants 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Project Golf Ltd

(Registration number: 13843932)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	45,010	72,937
Current assets
Stocks	5	7,850	6,541
Debtors	6	27,337	27,702
Cash at bank and in hand		230,065	203,770
		265,252	238,013
Creditors: Amounts falling due within one year	7	(81,301)	(99,719)
Net current assets		183,951	138,294
Total assets less current liabilities		228,961	211,231
Provisions for liabilities		(11,252)	(18,234)
Net assets		217,709	192,997
Capital and reserves
Called up share capital	8	14,285	14,285
Share premium reserve		85,714	85,714
Retained earnings		117,710	92,998
Shareholders' funds		217,709	192,997

For the financial year ended 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 October 2026 and signed on its behalf by:
 

J P Beatty Director

C H Bonner Director

Project Golf Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office and principle place of business is: 48-54 Moorgate, London, England, EC2R 6EJ.

These financial statements were authorised for issue by the Board on 28 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of golf clubs and provision of range services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary material differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Project Golf Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	10% Straight line method
Plant & machinery	20% Straight line method
Office equipment, fixtures & fittings	20% & 33% Straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2025 - 3).

Project Golf Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4	Tangible assets

	Leasehold improvements £	Office equipment, fixtures & fittings  £	Plant & machinery £	Total £
Cost or valuation
At 1 February 2025	13,087	70,859	56,323	140,269
Additions	-	3,028	-	3,028
Disposals	-	(1,490)	(3,706)	(5,196)
At 31 January 2026	13,087	72,397	52,617	138,101
Depreciation
At 1 February 2025	3,162	38,485	25,685	67,332
Charge for the year	1,309	16,061	11,745	29,115
Eliminated on disposal	-	(1,018)	(2,338)	(3,356)
At 31 January 2026	4,471	53,528	35,092	93,091
Carrying amount
At 31 January 2026	8,616	18,869	17,525	45,010
At 31 January 2025	9,925	32,374	30,638	72,937

5

Stocks

	2026 £	2025 £
Stocks	7,850	6,541

6

Debtors

	2026 £	2025 £
Other debtors	11,260	12,060
Prepayments	16,077	15,642
	27,337	27,702

Project Golf Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	1,851	2,636
Taxation and social security	26,234	21,011
Other creditors	36,233	62,756
Accruals and deferred income	16,983	13,316
	81,301	99,719

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	14,285	14,285	14,285	14,285

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £80,000 (2025 - £140,000).