LOCHRANZA AND CATACOL SEA SOCIETY C.I.C

Company limited by guarantee

Company Registration Number:
SC324636 (Scotland)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

LOCHRANZA AND CATACOL SEA SOCIETY C.I.C

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

LOCHRANZA AND CATACOL SEA SOCIETY C.I.C

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal activities of the company

The Company's principal object , as a Community Interest Company, is to carry on activities which benefit the community included within the Island of Arran and in particulr the villages of Lochranza and Catacol.



Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

R W Finlayson
D M Craig
C D Siddle
R Cumming
D K Henderson
G S Pritchard


Secretary R Cumming

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
8 August 2024

And signed on behalf of the board by:
Name: R W Finlayson
Status: Director

LOCHRANZA AND CATACOL SEA SOCIETY C.I.C

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 11,339 9,459
Cost of sales: 0 0
Gross profit(or loss): 11,339 9,459
Administrative expenses: ( 11,331 ) ( 3,303 )
Operating profit(or loss): 8 6,156
Profit(or loss) before tax: 8 6,156
Profit(or loss) for the financial year: 8 6,156

LOCHRANZA AND CATACOL SEA SOCIETY C.I.C

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 25,546 25,538
Total current assets: 25,546 25,538
Net current assets (liabilities): 25,546 25,538
Total assets less current liabilities: 25,546 25,538
Total net assets (liabilities): 25,546 25,538
Members' funds
Profit and loss account: 25,546 25,538
Total members' funds: 25,546 25,538

The notes form part of these financial statements

LOCHRANZA AND CATACOL SEA SOCIETY C.I.C

Balance sheet statements

For the year ending 31 May 2024 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 8 August 2024
and signed on behalf of the board by:

Name: R W Finlayson
Status: Director

The notes form part of these financial statements

LOCHRANZA AND CATACOL SEA SOCIETY C.I.C

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 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

LOCHRANZA AND CATACOL SEA SOCIETY C.I.C

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

COMMUNITY INTEREST ANNUAL REPORT

LOCHRANZA AND CATACOL SEA SOCIETY C.I.C

Company Number: SC324636 (Scotland)

Year Ending: 31 May 2024

Company activities and impact

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.

Consultation with stakeholders

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.

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
8 August 2024

And signed on behalf of the board by:
Name: Robert Finlayson
Status: Director