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REGISTERED NUMBER: SC307321 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

South West Scotland Golf Limited

South West Scotland Golf Limited (Registered number: SC307321)






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


South West Scotland Golf Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Fergusson
B Gemmell





SECRETARY: Mrs L M Fergusson





REGISTERED OFFICE: c/o CMCA Accounting
25A Buccleuch Street
Dumfries
Dumfriesshire
DG1 2AT





REGISTERED NUMBER: SC307321 (Scotland)





ACCOUNTANTS: CMCA Accounting
25A Buccleuch Street
Dumfries
Dumfries & Galloway
DG1 2AT

South West Scotland Golf Limited (Registered number: SC307321)

Balance Sheet
31 March 2024

31.3.23 31.3.24
£    £    Notes £    £   
FIXED ASSETS
95,952 Tangible assets 4 94,562

CURRENT ASSETS
200 Stocks 200
7,325 Cash at bank and in hand 8,502
7,525 8,702
CREDITORS
15,129 Amounts falling due within one year 5 11,491
(7,604 ) NET CURRENT LIABILITIES (2,789 )
88,348 TOTAL ASSETS LESS CURRENT
LIABILITIES

91,773

1,487 PROVISIONS FOR LIABILITIES 1,272
86,861 NET ASSETS 90,501

CAPITAL AND RESERVES
1,000 Called up share capital 1,000
85,861 Retained earnings 89,501
86,861 90,501

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.

South West Scotland Golf Limited (Registered number: SC307321)

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 15 November 2024 and were signed on its behalf by:





J Fergusson - Director


South West Scotland Golf Limited (Registered number: SC307321)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

South West Scotland Golf 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 8 ) .

South West Scotland Golf Limited (Registered number: SC307321)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 156,544
DEPRECIATION
At 1 April 2023 60,592
Charge for year 1,390
At 31 March 2024 61,982
NET BOOK VALUE
At 31 March 2024 94,562
At 31 March 2023 95,952

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 9,199 2,859
Other creditors 2,292 12,270
11,491 15,129

6. RELATED PARTY DISCLOSURES

At 31 March 2024 the company owed the sum of £1,408 (2023- £11,457) to the directors by way of a Director's Current Account.

The sum is interest free and repayable on demand.

Dividends of £20,000 were paid to directors.