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REGISTERED NUMBER: SC008405 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

THE RAVELSTON GOLF CLUB LIMITED

THE RAVELSTON GOLF CLUB LIMITED (REGISTERED NUMBER: SC008405)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE RAVELSTON GOLF CLUB LIMITED

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTORS: Ms M Innes (Club Captain)
Mr A Lewis (Finance director)
Mr C Fraser
Mr P S Moir
Ms G Kelleher





SECRETARY: Mr S Russell





REGISTERED OFFICE: The Clubhouse
24 Ravelston Dykes Road
Edinburgh
Lothian
EH4 3NZ





REGISTERED NUMBER: SC008405 (Scotland)





ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ

THE RAVELSTON GOLF CLUB LIMITED (REGISTERED NUMBER: SC008405)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,869 63,354

CURRENT ASSETS
Stocks 2,810 1,358
Debtors 5 10,367 8,594
Cash at bank and in hand 404,523 356,801
417,700 366,753
CREDITORS
Amounts falling due within one year 6 9,609 7,097
NET CURRENT ASSETS 408,091 359,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

456,960

423,010

RESERVES
Development reserve 131,170 143,182
Income and expenditure account 325,790 279,828
456,960 423,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 surplus or deficit 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 29 January 2024 and were signed on its behalf by:




Mr A Lewis (Finance director) - Director



Ms M Innes (Club Captain) - Director


THE RAVELSTON GOLF CLUB LIMITED (REGISTERED NUMBER: SC008405)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023


1. STATUTORY INFORMATION

The Ravelston Golf Club Limited is a private company, limited by guarantee , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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 income derived from, subscriptions, entry fees, visitors fees, one-off donations, and the provision of goods and services falling within the company's normal activities.

Annual subscription income and entrance fees are accounted for in full in the year of receipt.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - 5% on cost
Furnishings & equipment - 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 material 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.

Development reserve
The Development Reserve represents funds generated for the improvement and maintenance of certain assets. Funds are being released to the Income and Expenditure account to cover the costs of revenue items incurred in the year or in line with the depreciation policy of underlying assets where costs have been capitalised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 11 ) .

THE RAVELSTON GOLF CLUB LIMITED (REGISTERED NUMBER: SC008405)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Water Furnishings
Buildings system & equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 207,179 39,566 89,571 336,316
DEPRECIATION
At 1 November 2022 153,006 39,566 80,390 272,962
Charge for year 10,011 - 4,474 14,485
At 31 October 2023 163,017 39,566 84,864 287,447
NET BOOK VALUE
At 31 October 2023 44,162 - 4,707 48,869
At 31 October 2022 54,173 - 9,181 63,354

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 10,367 8,594

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,504 445
Other creditors 8,105 6,652
9,609 7,097

7. OTHER FINANCIAL COMMITMENTS

The company had commitments totalling £88,324 at the balance sheet date.

8. SHARE CAPITAL

There is no share capital but the 653 Ordinary members, excluding Junior Members, all undertake to contribute to the assets of the company in the event of the same being wound up during the time he or she is a member, or within one year thereafter, such sum as may be required, not exceeding £1.