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REGISTERED NUMBER: SC051369 (Scotland)


















AYRSHIRE CURLERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






AYRSHIRE CURLERS LIMITED (REGISTERED NUMBER: SC051369)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AYRSHIRE CURLERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Elizabeth Goldie
James Hamilton Galloway
William Gemmill Jack
George Alexander Hay
James Gower Boswell
Andrew Hume Kerr
Annabella Charlotte Kerr


SECRETARY: George Alexander Hay


REGISTERED OFFICE: 2nd Floor
18 Bothwell Street
Glasgow
G2 6NU


REGISTERED NUMBER: SC051369 (Scotland)


ACCOUNTANTS: Stewart Gilmour & Co.
24 Beresford Terrace
Ayr
KA7 2EG


BANKERS: Virgin Money
43 Alloway Street
Ayr
KA7 1SP


SOLICITORS: D & J Dunlop
Solicitors, Notaries & Estate Agents
2 Barns Street
Ayr
KA7 1XD

AYRSHIRE CURLERS LIMITED (REGISTERED NUMBER: SC051369)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 201,116 229,806

CURRENT ASSETS
Debtors 5 816 773
Cash at bank 100,324 84,171
101,140 84,944
CREDITORS
Amounts falling due within one year 6 7,100 6,990
NET CURRENT ASSETS 94,040 77,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,156

307,760

CAPITAL AND RESERVES
Called up share capital 7 116,130 116,130
Retained earnings 8 179,026 191,630
SHAREHOLDERS' FUNDS 295,156 307,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2023 and were signed on its behalf by:





Elizabeth Goldie - Director


AYRSHIRE CURLERS LIMITED (REGISTERED NUMBER: SC051369)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Ayrshire Curlers Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts charged, net of value added tax, for services provided during the year. The company's turnover arose entirely within the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 2% on reducing balance
Fixtures and fittings - 10% and 33 1/3% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grants and donations received
Grants and donations received in respect of expenditure charged to the profit and loss account during the year have been included in profit and loss. Grants and donations received in respect of capital expenditure are offset against the cost of the related assets in the balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

AYRSHIRE CURLERS LIMITED (REGISTERED NUMBER: SC051369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 May 2022
and 30 April 2023 297,998 424,003 5,715 727,716
DEPRECIATION
At 1 May 2022 244,584 248,874 4,452 497,910
Charge for year 6,389 22,120 181 28,690
At 30 April 2023 250,973 270,994 4,633 526,600
NET BOOK VALUE
At 30 April 2023 47,025 153,009 1,082 201,116
At 30 April 2022 53,414 175,129 1,263 229,806

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Rent receivable 6 3
Value Added Tax recoverable 810 770
816 773

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Social security and other taxes 783 693
Accruals 6,317 6,297
7,100 6,990

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
116,130 Ordinary £1 116,130 116,130

8. RESERVES
Retained
earnings
£   

At 1 May 2022 191,630
Deficit for the year (12,604 )
At 30 April 2023 179,026

AYRSHIRE CURLERS LIMITED (REGISTERED NUMBER: SC051369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

9. POST BALANCE SHEET EVENTS

As a result of a massive increase in electricity costs, due to commence at the beginning of October 2023, the financial viability of Ayr Ice Rink in its current form is in doubt. Unless sufficient funding can be obtained the directors would anticipate that closure of the rink will become inevitable and that voluntary liquidation of the company would follow in due course.

10. CONTROLLING PARTY

The directors are of the opinion that there is no person or legal entity with significant control.

The company's operational activities are overseen by the Board of directors acting on behalf of the ordinary shareholders.