IRIS Accounts Production v24.2.0.383 SC034867 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC0348672022-12-31SC0348672023-12-31SC0348672023-01-012023-12-31SC0348672021-12-31SC0348672022-01-012022-12-31SC0348672022-12-31SC034867ns15:Scotland2023-01-012023-12-31SC034867ns14:PoundSterling2023-01-012023-12-31SC034867ns10:Director12023-01-012023-12-31SC034867ns10:CompanyLimitedByGuarantee2023-01-012023-12-31SC034867ns10:SmallEntities2023-01-012023-12-31SC034867ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC034867ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC034867ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC034867ns10:FullAccounts2023-01-012023-12-31SC034867ns10:Director22023-01-012023-12-31SC034867ns10:Director32023-01-012023-12-31SC034867ns10:Director42023-01-012023-12-31SC034867ns10:Director62023-01-012023-12-31SC034867ns10:Director72023-01-012023-12-31SC034867ns10:Director82023-01-012023-12-31SC034867ns10:Director92023-01-012023-12-31SC034867ns10:Director102023-01-012023-12-31SC034867ns10:Director112023-01-012023-12-31SC034867ns10:Director122023-01-012023-12-31SC034867ns10:CompanySecretary12023-01-012023-12-31SC034867ns10:RegisteredOffice2023-01-012023-12-31SC034867ns5:CurrentFinancialInstruments2023-12-31SC034867ns5:CurrentFinancialInstruments2022-12-31SC034867ns5:Non-currentFinancialInstruments2023-12-31SC034867ns5:Non-currentFinancialInstruments2022-12-31SC034867ns5:RetainedEarningsAccumulatedLosses2023-12-31SC034867ns5:RetainedEarningsAccumulatedLosses2022-12-31SC034867ns5:LandBuildings2023-01-012023-12-31SC034867ns5:PlantMachinery2023-01-012023-12-31SC034867ns5:LandBuildings2022-12-31SC034867ns5:PlantMachinery2022-12-31SC034867ns5:LandBuildings2023-12-31SC034867ns5:PlantMachinery2023-12-31SC034867ns5:LandBuildings2022-12-31SC034867ns5:PlantMachinery2022-12-31SC034867ns5:WithinOneYear2023-12-31SC034867ns5:WithinOneYear2022-12-31SC034867ns5:BetweenOneFiveYears2023-12-31SC034867ns5:BetweenOneFiveYears2022-12-31SC034867ns5:MoreThanFiveYears2023-12-31SC034867ns5:MoreThanFiveYears2022-12-31SC034867ns5:AllPeriods2023-12-31SC034867ns5:AllPeriods2022-12-31
REGISTERED NUMBER: SC034867 (Scotland)















Financial Statements for the Year Ended 31 December 2023

for

Deeside Gliding Club (Aberdeenshire)
Limited

Deeside Gliding Club (Aberdeenshire)
Limited (Registered number: SC034867)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Deeside Gliding Club (Aberdeenshire)
Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R C Wilson
K Crouch
I E Macdonald
S M Kenyon-Roberts
T J Martin
M A Recht
S Whybrow
R J Brooker
D Gorrell
B Davidson
S L Jensen





SECRETARY: B Davidson





REGISTERED OFFICE: Aboyne Airfield
Dinnet
Aboyne
Aberdeenshire
AB34 5LB





REGISTERED NUMBER: SC034867 (Scotland)





ACCOUNTANTS: Findlay Brown Ltd
Chartered Certified Accountants
53 Huntly Street
Aberdeen
AB10 1TH

Deeside Gliding Club (Aberdeenshire)
Limited (Registered number: SC034867)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 443,610 290,688

CURRENT ASSETS
Stocks 18,509 19,294
Debtors 5 38,092 127,613
Cash at bank 6 258,315 256,975
314,916 403,882
CREDITORS
Amounts falling due within one year 7 60,492 60,628
NET CURRENT ASSETS 254,424 343,254
TOTAL ASSETS LESS CURRENT LIABILITIES 698,034 633,942

CREDITORS
Amounts falling due after more than one year 8 527 693
NET ASSETS 697,507 633,249

RESERVES
Income and expenditure account 697,507 633,249
697,507 633,249

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 15 June 2024 and were signed on its behalf by:





S Whybrow - Director


Deeside Gliding Club (Aberdeenshire)
Limited (Registered number: SC034867)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Deeside Gliding Club (Aberdeenshire) 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - straight line over ground lease
Plant and machinery etc - at varying rates 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 90,211 501,988 592,199
Additions - 186,227 186,227
Disposals - (29,454 ) (29,454 )
At 31 December 2023 90,211 658,761 748,972
DEPRECIATION
At 1 January 2023 90,211 211,300 301,511
Charge for year - 25,648 25,648
Eliminated on disposal - (21,797 ) (21,797 )
At 31 December 2023 90,211 215,151 305,362
NET BOOK VALUE
At 31 December 2023 - 443,610 443,610
At 31 December 2022 - 290,688 290,688

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Debtors includes prepayment of Insurance for 2024 cover (£25140), Eurofox deposit (£3000), members' balance (£8277) and rent prepayment (£1675).

Deeside Gliding Club (Aberdeenshire)
Limited (Registered number: SC034867)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CASH AT BANK

Cash at Bank includes reserved funds of £230,000 for the replacement of depreciated equipment and other capital projects during 2024-2027 that the Club requires to budget for on a long-term basis in order to ensure continued future, sustainable operations. Club officials maintain a list of future capital expenditure requirements funded by the depreciation of existing assets, currently totalling £418,150 for the next 10 years. Unreserved funds at 31/12/23 are therefore £28,315 net of 2024-2027 projected expenditure.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 9,503 11,419
Taxation and social security 974 -
Other creditors 50,015 49,209
60,492 60,628

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 527 693

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 4,500 4,500
Between one and five years 18,000 18,000
In more than five years 33,750 38,250
56,250 60,750

10. LIMITED BY GUARANTEE

The status of the company is that of company limited by guarantee not having a share capital.

The liability of individual members is limited to an amount not exceeding £1.

Where the financial statements refer to officials of the company it should be noted that these individuals constitute directors of the company for Companies Act purposes.