for the Period Ended 31 May 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 May 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 June 2023
to
31 May 2024
Secretary
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | 2023 | |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Administrative expenses: |
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Operating profit(or loss): |
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Profit(or loss) before tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 2023 | |
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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 May 2024
Basis of measurement and preparation
for the Period Ended 31 May 2024
2024 | 2023 | |
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Average number of employees during the period |
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During the financial year the company operated and maintained a pontoon in Lochranza for the use of local and visiting yachts as well as a single mooring for large yachts (Ocean Youth Trust yachts and Tall Ships). The company also administers the local moorings in the loch. The pontoon has continued to provide safe and easy access to the village amenities for viviting yachts coming into Lochranza and wishing to go ashore. Again this year has been a difficult year for the company due to lack of funds to enable full repairs to be completed to provide the full extent of the facility. The extension has not been reconnected for a second year because it requires extensive repairs. However revenues have improved despite this.
Residents of Lochranza and Catacol are members of the company and the activities of the company have been disclosed and discussed by email and in public meetings. Reports of the activities of the company have been circulated and posted on a noticeboard in the village Hall. There is continuing communication by the directors and members with local businesses as well as other community organisations.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
8 August 2024
And signed on behalf of the board by:
Name: Robert Finlayson
Status: Director