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REGISTERED NUMBER: SC051369 (Scotland)


















AYRSHIRE CURLERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 30 SEPTEMBER 2023






AYRSHIRE CURLERS LIMITED (REGISTERED NUMBER: SC051369)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AYRSHIRE CURLERS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2023 TO 30 SEPTEMBER 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 SEPTEMBER 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 150,010 201,116

CURRENT ASSETS
Debtors 5 19,809 816
Cash at bank 93,724 100,324
113,533 101,140
CREDITORS
Amounts falling due within one year 6 16,309 7,100
NET CURRENT ASSETS 97,224 94,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,234

295,156

CAPITAL AND RESERVES
Called up share capital 7 116,130 116,130
Retained earnings 8 131,104 179,026
SHAREHOLDERS' FUNDS 247,234 295,156

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 21 November 2023 and were signed on its behalf by:





Elizabeth Goldie - Director


AYRSHIRE CURLERS LIMITED (REGISTERED NUMBER: SC051369)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 30 SEPTEMBER 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.

As explained more fully in post balance sheet events note number 10 a resolution for the voluntary wind up of the company was passed on 26 September 2023. These accounts have thus not been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.

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 period 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 period 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.

AYRSHIRE CURLERS LIMITED (REGISTERED NUMBER: SC051369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 30 SEPTEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 May 2023 297,998 424,003 5,715 727,716
Disposals - (83,611 ) - (83,611 )
At 30 September 2023 297,998 340,392 5,715 644,105
DEPRECIATION
At 1 May 2023 250,973 270,994 4,633 526,600
Charge for period 2,481 9,030 75 11,586
Eliminated on disposal - (44,091 ) - (44,091 )
At 30 September 2023 253,454 235,933 4,708 494,095
NET BOOK VALUE
At 30 September 2023 44,544 104,459 1,007 150,010
At 30 April 2023 47,025 153,009 1,082 201,116

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 19,800 -
Rent receivable 9 6
Value Added Tax recoverable - 810
19,809 816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Underprovision for tax
in prior year 100 -
Social security and other taxes 125 783
Accruals 12,893 6,317
Value Added Tax payable 3,191 -
16,309 7,100

7. CALLED UP SHARE CAPITAL

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

AYRSHIRE CURLERS LIMITED (REGISTERED NUMBER: SC051369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 30 SEPTEMBER 2023

8. RESERVES
Retained
earnings
£   

At 1 May 2023 179,026
Deficit for the period (47,922 )
At 30 September 2023 131,104

9. CONTINGENT LIABILITIES

In 2010 and 2013 the company received grants from sportscotland amounting to £193,992 towards the acquisition costs of ice-making plant and equipment. The total £193,992 may be repayable in the event of this being sold within a period of 20 years. Additionally, South Ayrshire Council could be entitled to the first £53,231 in the event of the sale of Ayr Ice Rink, which they had helped to acquire.

10. POST BALANCE SHEET EVENTS

At a General Meeting of Ayrshire Curlers Limited on 26 September 2023 a resolution was passed that the company be wound up voluntarily.

11. 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.