Company No: 04648348 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	M C Allen
	W R Betts
	N J Burke

Secretary

N J Burke

Registered office	1 Leazes Avenue
	Chaldon
	Caterham
	Surrey
	CR3 5AG
	United Kingdom

Company number

04648348 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	93,064		97,332
		93,064		97,332
Current assets
Stocks		28,757		24,432
Debtors
- due within one year	4	242,939		392,505
- due after more than one year	4	400,000		400,000
Cash at bank and in hand		369,075		188,332
		1,040,771		1,005,269
Creditors: amounts falling due within one year	5	( 200,854)		( 195,527)
Net current assets		839,917		809,742
Total assets less current liabilities		932,981		907,074
Creditors: amounts falling due after more than one year	6	0		( 10,506)
Net assets		932,981		896,568
Capital and reserves
Called-up share capital		1,000		1,000
Profit and loss account		931,981		895,568
Total shareholders' funds		932,981		896,568

For the financial year ending 31 May 2025 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 Profit and Loss Account has not been delivered.

The financial statements of Fresh Golf Limited (registered number: 04648348) were approved and authorised for issue by the Board of Directors on 18 November 2025. They were signed on its behalf by:

N J Burke 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

Fresh Golf 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 1 Leazes Avenue, Chaldon, Caterham, Surrey, CR3 5AG, 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 £1.

Going concern

The directors have assessed the Balance Sheet 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 is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

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 Balance Sheet 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 are 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.

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	15 - 20 % reducing balance
Office equipment	3 years straight line

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Sale and leaseback

Where a sale and leaseback transaction results in a finance lease, no gain is immediately recognised for any excess of sales proceeds over the carrying amount of the asset. Instead, the proceeds are
presented as a liability and subsequently measured at amortised cost using the effective interest method.

When a sale and leaseback transaction results in an operating lease, and it is clear that the transition is established at fair value any profit or loss is recognised immediately. If the sale price is below fair value, any profit or loss is recognised immediately unless the loss is compensated for by the future lease payments at below market price. In that case any such loss is amortised in proportion to the lease payments over the period for which the asset is expected to be used. If the sale price is above fair value, the excess over fair value is amortised over the period for which the asset is expected to be used.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	20		19

3. Tangible assets

	Plant and machinery		Office equipment		Total
	£		£		£
Cost
At 01 June 2024	464,527		36,270		500,797
Additions	9,050		516		9,566
Disposals	( 295,201)		( 28,584)		( 323,785)
At 31 May 2025	178,376		8,202		186,578
Accumulated depreciation
At 01 June 2024	367,481		35,984		403,465
Charge for the financial year	17,276		315		17,591
Disposals	( 298,958)		( 28,584)		( 327,542)
At 31 May 2025	85,799		7,715		93,514
Net book value
At 31 May 2025	92,577		487		93,064
At 31 May 2024	97,046		286		97,332

4. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	18,409		13,073
Amounts owed by directors	0		15,000
Prepayments and accrued income	120,728		264,341
Deferred tax asset	10,427		27,125
Other debtors	93,375		72,966
	242,939		392,505
Debtors: amounts falling due after more than one year
Accrued income	400,000		400,000

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,506		10,247
Trade creditors	36,826		63,726
Amounts owed to connected companies	15,178		12,220
Accruals and deferred income	97,360		81,322
Other taxation and social security	39,971		27,075
Other creditors	1,013		937
	200,854		195,527

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		10,506

7. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	27,125		0
(Charged)/credited to the Profit and Loss Account	( 16,698)		27,125
At the end of financial year	10,427		27,125

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Fixed asset timing differences	( 22,434)		( 21,092)
Short term timing differences	6,358		6,621
Losses and other deductions	26,503		41,596
	10,427		27,125

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	47,500		47,500
between one and five years	92,658		140,158
Total future minimum lease payments under non-cancellable operating leases	140,158		187,658

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

The pension cost charge represents contributions payable by the company to the fund and amounted to £48,576 (2024 - £115,132). Contributions totalling £1,013 (2024 - £937 ) were payable to the fund at the balance sheet date and are included in creditors.

9. Related party transactions

Transactions with owners holding a participating interest in the entity

Horsham Leisure Limited
(Same directors)
During the year Horsham Leisure Limited was recharged costs of £411 (2024 - £2,988) by the company. At the balance sheet date the amount due to Horsham Leisure Limited was £15,178 (2024 £12,220).