TIREE EQUESTRIAN CIC

Company limited by guarantee

Company Registration Number:
SC674369 (Scotland)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

TIREE EQUESTRIAN CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

TIREE EQUESTRIAN CIC

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Julie Macinnes
Rosemary Garrigan
Gillian MacDonald


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
26 January 2025

And signed on behalf of the board by:
Name: Julie Macinnes
Status: Director

TIREE EQUESTRIAN CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 18,151 22,961
Cost of sales: ( 17,460 ) ( 23,558 )
Gross profit(or loss): 691 (597)
Administrative expenses: ( 13,680 ) ( 12,597 )
Other operating income: 1,793
Operating profit(or loss): (12,989) (11,401)
Profit(or loss) before tax: (12,989) (11,401)
Tax: 0
Profit(or loss) for the financial year: (12,989) (11,401)

TIREE EQUESTRIAN CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 13,132 21,423
Total fixed assets: 13,132 21,423
Current assets
Debtors: 4 163 154
Cash at bank and in hand: 354 6,429
Total current assets: 517 6,583
Creditors: amounts falling due within one year: 5 ( 30,135 ) ( 31,503 )
Net current assets (liabilities): (29,618) (24,920)
Total assets less current liabilities: (16,486) ( 3,497)
Total net assets (liabilities): (16,486) (3,497)
Members' funds
Profit and loss account: (16,486) ( 3,497)
Total members' funds: ( 16,486) (3,497)

The notes form part of these financial statements

TIREE EQUESTRIAN CIC

Balance sheet statements

For the year ending 30 April 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 26 January 2025
and signed on behalf of the board by:

Name: Julie Macinnes
Status: Director

The notes form part of these financial statements

TIREE EQUESTRIAN CIC

Notes to the Financial Statements

for the Period Ended 30 April 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

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life and residual value Plant and Machinery 25% on cost and 10% on cost

    Other accounting policies

    Deferred tax is recognised in respect of all timing differences that have originated from the balance sheet date. 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 tangible profits

TIREE EQUESTRIAN CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

TIREE EQUESTRIAN CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 7,400 17,550 868 25,818
Additions
Disposals ( 6,500 ) ( 6,500 )
Revaluations
Transfers
At 30 April 2024 7,400 11,050 868 19,318
Depreciation
At 1 May 2023 1,480 2,481 434 4,395
Charge for year 740 1,105 217 2,062
On disposals ( 271 ) ( 271 )
Other adjustments
At 30 April 2024 2,220 3,315 651 6,186
Net book value
At 30 April 2024 5,180 7,735 217 13,132
At 30 April 2023 5,920 15,069 434 21,423

TIREE EQUESTRIAN CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Other debtors 163 154
Total 163 154

TIREE EQUESTRIAN CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 30,135 31,503
Total 30,135 31,503

COMMUNITY INTEREST ANNUAL REPORT

TIREE EQUESTRIAN CIC

Company Number: SC674369 (Scotland)

Year Ending: 30 April 2024

Company activities and impact

The company runs an equestrian centre which provides equestrian related activities for tourists and the local community. Whilst the company relies on tourism, it has a strong focus on providing low cost opportunities for members of the local community to become involved with horses. The company runs a weekly saddle club from spring until autumn for local children to enable them to learn to ride and interact with the ponies at a low cost; free weekly treks over the winter for locals to help them maintain their riding skills and interact with others over the winter period; volunteer activities for local children where they can improve their skills and become part of a team; and mental health Mondays which have a non-riding focus but allow individuals to spend time with horses in a safe and inviting environment.

Consultation with stakeholders

The company's key stakeholders are local children and their parents. Their feedback is obtained and changes implemented as a result of that feedback. The company also interacts with the local school around volunteering and placements and seeks feedback on how it can best support local children.

Directors' remuneration

Jule Macinnes receives a monthly salary of £300. No other directors are remunerated and Julie receives no other income from the company

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 January 2025

And signed on behalf of the board by:
Name: Julie Macinnes
Status: Director