MACHRIE BAY GOLF CLUB CIC

Company limited by guarantee

Company Registration Number:
SC732364 (Scotland)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 13 May 2022

End date: 31 May 2023

MACHRIE BAY GOLF CLUB CIC

Contents of the Financial Statements

for the Period Ended 31 May 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MACHRIE BAY GOLF CLUB CIC

Directors' report period ended 31 May 2023

The directors present their report with the financial statements of the company for the period ended 31 May 2023

Directors

The directors shown below have held office during the whole of the period from
13 May 2022 to 31 May 2023

Pietre Muir Johnston
John Robert Milesi
Brian Sherwood
Alexander Morrison Cowan


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 February 2024

And signed on behalf of the board by:
Name: Pietre Muir Johnston
Status: Director

MACHRIE BAY GOLF CLUB CIC

Profit And Loss Account

for the Period Ended 31 May 2023

13 months to 31 May 2023


£
Turnover: 61,658
Cost of sales: ( 14,836 )
Gross profit(or loss): 46,822
Administrative expenses: ( 50,614 )
Operating profit(or loss): (3,792)
Profit(or loss) before tax: (3,792)
Profit(or loss) for the financial year: (3,792)

MACHRIE BAY GOLF CLUB CIC

Balance sheet

As at 31 May 2023

Notes 13 months to 31 May 2023


£
Fixed assets
Tangible assets: 3 88,116
Total fixed assets: 88,116
Current assets
Stocks: 4 94
Debtors: 5 228
Cash at bank and in hand: 13,876
Total current assets: 14,198
Creditors: amounts falling due within one year: 6 ( 19,083 )
Net current assets (liabilities): (4,885)
Total assets less current liabilities: 83,231
Total net assets (liabilities): 83,231
Members' funds
Profit and loss account: 83,231
Total members' funds: 83,231

The notes form part of these financial statements

MACHRIE BAY GOLF CLUB CIC

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 10 February 2024
and signed on behalf of the board by:

Name: Pietre Muir Johnston
Status: Director

The notes form part of these financial statements

MACHRIE BAY GOLF CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the total income from the operation of the golf club and related facilities

    Tangible fixed assets depreciation policy

    Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows;Building 2.5% straight linePlant & machinery 20% straight line

MACHRIE BAY GOLF CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    13 months to 31 May 2023
    Average number of employees during the period 1

MACHRIE BAY GOLF CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 61,487 35,996 97,483
Disposals
Revaluations
Transfers
At 31 May 2023 61,487 35,996 97,483
Depreciation
Charge for year 2,168 7,199 9,367
On disposals
Other adjustments
At 31 May 2023 2,168 7,199 9,367
Net book value
At 31 May 2023 59,319 28,797 88,116

MACHRIE BAY GOLF CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Stocks

13 months to 31 May 2023
£
Stocks 94
Total 94

MACHRIE BAY GOLF CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Debtors

13 months to 31 May 2023
£
Trade debtors 228
Total 228

MACHRIE BAY GOLF CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Creditors: amounts falling due within one year note

13 months to 31 May 2023
£
Amounts due under finance leases and hire purchase contracts 14,783
Other creditors 4,300
Total 19,083

COMMUNITY INTEREST ANNUAL REPORT

MACHRIE BAY GOLF CLUB CIC

Company Number: SC732364 (Scotland)

Year Ending: 31 May 2023

Company activities and impact

The company's activities will provide benefit to:the residents of and visitors to the Ile of Arran, Scotlandwho fall into a number of categories namely: - those who wish to join as members and enjoy all the facilities and organised competitions on offer - those who wish to enjoy the facilities of the golf course -those who wish to enjoy the facilities of the tennis court - those who wish to enjoy the facilities of the tearoom

Consultation with stakeholders

Regular committee meetings held to ensure CIC is upholding the reasons for its creation.Members of the golf of the golf club comprise local residents, regular holidaymakers and visitors.Monthly newsletter asks for members' comments and suggestions as to how the club is performing and what could be done better or differently.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
9 February 2024

And signed on behalf of the board by:
Name: Pietre Muir Johnston
Status: Director