1 31/12/2023 2023-12-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP SC024440 2023-01-01 2023-12-31 SC024440 2023-12-31 SC024440 2022-01-01 2022-12-31 SC024440 2022-12-31 SC024440 bus:RegisteredOffice 2023-01-01 2023-12-31 SC024440 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 SC024440 bus:Director1 2023-01-01 2023-12-31 SC024440 bus:Director2 2023-01-01 2023-12-31 SC024440 bus:Director3 2023-01-01 2023-12-31 SC024440 bus:Director4 2023-01-01 2023-12-31 SC024440 bus:Director5 2023-01-01 2023-12-31 SC024440 bus:Director6 2023-01-01 2023-12-31 SC024440 bus:Director7 2023-01-01 2023-12-31 SC024440 bus:Director8 2023-01-01 2023-12-31 SC024440 bus:Director9 2023-01-01 2023-12-31 SC024440 bus:Director10 2023-01-01 2023-12-31 SC024440 bus:Micro-entities 2023-01-01 2023-12-31 SC024440 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC024440 bus:FullAccounts 2023-01-01 2023-12-31 SC024440 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC024440 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31
Company registration number: SC024440
The Scottish Motor Racing Club Ltd.
Company limited by guarantee
Unaudited filleted financial statements
31 December 2023
The Scottish Motor Racing Club Ltd.
Company limited by guarantee
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
The Scottish Motor Racing Club Ltd.
Company limited by guarantee
Directors and other information
Directors S Burns
G Brunton
N J Boyes
R J Smith (Appointed 6 October 2023)
B Buss (Resigned 3 March 2023)
V J S Covey (Resigned 28 February 2023)
K J N Pick (Resigned 2 May 2023)
M How (Resigned 23 March 2023)
M McNab (Resigned 2 May 2023)
H McCaig (Resigned 28 February 2023)
G M Alcock (Resigned 2 May 2023)
R D E S Burrell (Resigned 6 October 2023)
A J Barron (Resigned 2 May 2023)
J A Kinmond (Resigned 2 May 2023)
H G Williams (Resigned 18 October 2023)
Company number SC024440
Registered office 16 - 18 Weir Street
Falkirk
FK1 1RA
Business address C/O
Knockhill Racing Circuit
Dunfermline
Fife
KY12 9TF
Accountants Barrie Scott & Co.
16-18 Weir Street
Falkirk
FK1 1RA
The Scottish Motor Racing Club Ltd.
Company limited by guarantee
Report to the board of directors on the preparation of the
unaudited statutory financial statements of The Scottish Motor Racing Club Ltd.
Year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Scottish Motor Racing Club Ltd. for the year ended 31 December 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of The Scottish Motor Racing Club Ltd., as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Scottish Motor Racing Club Ltd. and state those matters that we have agreed to state to the board of directors of The Scottish Motor Racing Club Ltd. as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Scottish Motor Racing Club Ltd. and its board of directors as a body for our work or for this report.
It is your duty to ensure that The Scottish Motor Racing Club Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Scottish Motor Racing Club Ltd.. You consider that The Scottish Motor Racing Club Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of The Scottish Motor Racing Club Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Barrie Scott & Co.
Accountants & Tax Advisers
16-18 Weir Street
Falkirk
FK1 1RA
29 March 2024
The Scottish Motor Racing Club Ltd.
Company limited by guarantee
Statement of financial position
31 December 2023
2023 2022
£ £
Fixed assets 289,332 297,460
_______ _______
Current assets 119,220 165,547
Net current assets 119,220 165,547
_______ _______
Total assets less current liabilities 408,552 463,007
Accruals and deferred income ( 3,573) ( 5,170)
_______ _______
Net assets 404,979 457,837
_______ _______
Capital and reserves 404,979 457,837
_______ _______
Notes to the financial statements
The Scottish Motor Racing Club Ltd.
Company limited by guarantee
Year ended 31 December 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 21 February 2024 , and are signed on behalf of the board by:
S Burns
Director
Company registration number: SC024440
The company is a private company limited by guarantee, registered in Scotland.