IRIS Accounts Production v24.3.0.553 SC228582 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2285822023-03-31SC2285822024-03-31SC2285822023-04-012024-03-31SC2285822022-03-31SC2285822022-04-012023-03-31SC2285822023-03-31SC228582ns15:Scotland2023-04-012024-03-31SC228582ns14:PoundSterling2023-04-012024-03-31SC228582ns10:Director12023-04-012024-03-31SC228582ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC228582ns10:SmallEntities2023-04-012024-03-31SC228582ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC228582ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC228582ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC228582ns10:FullAccounts2023-04-012024-03-31SC22858212023-04-012024-03-31SC228582ns10:OrdinaryShareClass12023-04-012024-03-31SC228582ns10:Director22023-04-012024-03-31SC228582ns10:CompanySecretary12023-04-012024-03-31SC228582ns10:RegisteredOffice2023-04-012024-03-31SC228582ns5:CurrentFinancialInstruments2024-03-31SC228582ns5:CurrentFinancialInstruments2023-03-31SC228582ns5:Non-currentFinancialInstruments2024-03-31SC228582ns5:Non-currentFinancialInstruments2023-03-31SC228582ns5:ShareCapital2024-03-31SC228582ns5:ShareCapital2023-03-31SC228582ns5:RetainedEarningsAccumulatedLosses2024-03-31SC228582ns5:RetainedEarningsAccumulatedLosses2023-03-31SC228582ns5:NetGoodwill2023-04-012024-03-31SC228582ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC228582ns5:PlantMachinery2023-04-012024-03-31SC228582ns5:NetGoodwill2023-03-31SC228582ns5:NetGoodwill2024-03-31SC228582ns5:NetGoodwill2023-03-31SC228582ns5:PlantMachinery2023-03-31SC228582ns5:PlantMachinery2024-03-31SC228582ns5:PlantMachinery2023-03-31SC228582ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC228582ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC228582ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: SC228582 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE OLD CLUBHOUSE LIMITED

THE OLD CLUBHOUSE LIMITED (REGISTERED NUMBER: SC228582)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE OLD CLUBHOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G M Campanile
B Campanile



SECRETARY: G M Campanile



REGISTERED OFFICE: East Links Road
Gullane
East Lothian
EH31 2AF



REGISTERED NUMBER: SC228582 (Scotland)



ACCOUNTANTS: AGB Accounting & Tax Consultants Limited
27 Guardwell Crescent
Edinburgh
EH17 7JA



BANKERS: Barclays Bank plc
1 Churchill Place
London
E14 5HP

THE OLD CLUBHOUSE LIMITED (REGISTERED NUMBER: SC228582)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,708 19,181
16,708 19,181

CURRENT ASSETS
Stocks 28,544 28,013
Debtors 6 29,794 13,829
Cash at bank and in hand 230,440 287,900
288,778 329,742
CREDITORS
Amounts falling due within one year 7 132,844 97,601
NET CURRENT ASSETS 155,934 232,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,642

251,322

CREDITORS
Amounts falling due after more than one
year

8

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES (2,837 ) (3,285 )
NET ASSETS 158,138 226,370

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 158,038 226,270
SHAREHOLDERS' FUNDS 158,138 226,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 profit or loss 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 OLD CLUBHOUSE LIMITED (REGISTERED NUMBER: SC228582)

BALANCE SHEET - continued
31 MARCH 2024


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 25 November 2024 and were signed on its behalf by:





G M Campanile - Director


THE OLD CLUBHOUSE LIMITED (REGISTERED NUMBER: SC228582)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

The Old Clubhouse Limited is a private company, limited by shares , 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 25% 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 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.

THE OLD CLUBHOUSE LIMITED (REGISTERED NUMBER: SC228582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 207,911
Additions 3,516
At 31 March 2024 211,427
DEPRECIATION
At 1 April 2023 188,730
Charge for year 5,989
At 31 March 2024 194,719
NET BOOK VALUE
At 31 March 2024 16,708
At 31 March 2023 19,181

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 29,794 13,829

THE OLD CLUBHOUSE LIMITED (REGISTERED NUMBER: SC228582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 46,938 27,380
Taxation and social security 45,757 48,261
Other creditors 30,149 11,960
132,844 97,601

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors own the property from which the company trades. No rent is charged for the use of the property.

Included in "Other creditors: amounts falling due within one year" is an amount of £512 (2023 - £953) due to the directors of the company. No fixed interest rates or repayment terms apply.