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REGISTERED NUMBER: SC039323 (Scotland)











































Border Ice Rink Limited

Unaudited Financial Statements

for the Year Ended 31st July 2024






Border Ice Rink Limited (Registered number: SC039323)






Contents of the Financial Statements
for the year ended 31st July 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 6


Border Ice Rink Limited

Company Information
for the year ended 31st July 2024







Directors: W A D Cleghorn
R D Walker
J O Stark
Mrs L T Tile
A J Hodge





Secretary: B D Lees





Registered office: 10 The Square
Kelso
Roxburghshire
TD5 7HJ





Business address: Abbotseat Road
Kelso
Roxburghshire
TD5 7SL





Registered number: SC039323 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Border Ice Rink Limited (Registered number: SC039323)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 447,177 274,017

Current assets
Debtors 5 930 9,406
Cash at bank 117,341 157,189
118,271 166,595
Creditors
Amounts falling due within one year 6 160,491 14,977
Net current (liabilities)/assets (42,220 ) 151,618
Total assets less current liabilities 404,957 425,635

Provisions for liabilities 2,905 8,854
Net assets 402,052 416,781

Capital and reserves
Called up share capital 51,500 51,500
Capital redemption reserve 14,764 14,764
Retained earnings 335,788 350,517
Shareholders' funds 402,052 416,781

Border Ice Rink Limited (Registered number: SC039323)

Balance Sheet - continued
31st July 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd December 2024 and were signed on its behalf by:





Mrs L T Tile - Director


Border Ice Rink Limited (Registered number: SC039323)

Notes to the Financial Statements
for the year ended 31st July 2024

1. Statutory information

Border Ice Rink 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.

Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land, buildings and improvements - 10% on cost, 4% on cost and 1% on cost
Plant and machinery - 10% on cost and 5% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, related party current account and accruals.

Trade debtors, trade creditors, related party current account and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Border Ice Rink Limited (Registered number: SC039323)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

2. Accounting policies - continued

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern
The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements

3. Employees and directors

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

4. Tangible fixed assets
Land,
buildings
and Plant and
improvements machinery Totals
£    £    £   
Cost
At 1st August 2023 556,897 239,575 796,472
Additions - 200,916 200,916
Disposals - (103,841 ) (103,841 )
At 31st July 2024 556,897 336,650 893,547
Depreciation
At 1st August 2023 326,224 196,231 522,455
Charge for year 8,785 18,971 27,756
Eliminated on disposal - (103,841 ) (103,841 )
At 31st July 2024 335,009 111,361 446,370
Net book value
At 31st July 2024 221,888 225,289 447,177
At 31st July 2023 230,673 43,344 274,017

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 930 -
Other debtors - 9,406
930 9,406

Border Ice Rink Limited (Registered number: SC039323)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 86,678 6,839
Taxation and social security 662 4,502
Other creditors 73,151 3,636
160,491 14,977

7. Capital commitments
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 176,855

8. Related party disclosures

During the year the company received management charges and rent of £25,000 (2023 - £25,000) from Border Ice Rink Club. At the year end Border Ice Rink Limited were due Border Ice Rink Club £67,733 (2023 - £236).