1 1 Gleneagles Sporting Limited SC457205 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the provision of game shooting. Digita Accounts Production Advanced 6.30.9574.0 true SC457205 2023-05-01 2024-04-30 SC457205 2024-04-30 SC457205 bus:OrdinaryShareClass1 2024-04-30 SC457205 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 SC457205 core:FurnitureFittingsToolsEquipment 2024-04-30 SC457205 bus:SmallEntities 2023-05-01 2024-04-30 SC457205 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC457205 bus:FilletedAccounts 2023-05-01 2024-04-30 SC457205 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC457205 bus:RegisteredOffice 2023-05-01 2024-04-30 SC457205 bus:CompanySecretary1 2023-05-01 2024-04-30 SC457205 bus:Director1 2023-05-01 2024-04-30 SC457205 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 SC457205 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC457205 bus:Agent1 2023-05-01 2024-04-30 SC457205 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 SC457205 core:OfficeEquipment 2023-05-01 2024-04-30 SC457205 countries:Scotland 2023-05-01 2024-04-30 SC457205 2023-04-30 SC457205 core:FurnitureFittingsToolsEquipment 2023-04-30 SC457205 2022-05-01 2023-04-30 SC457205 2023-04-30 SC457205 bus:OrdinaryShareClass1 2023-04-30 SC457205 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 SC457205 core:FurnitureFittingsToolsEquipment 2023-04-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: SC457205

Gleneagles Sporting Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Gleneagles Sporting Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Gleneagles Sporting Limited

Company Information

Director

Mr D Wallace

Company secretary

Mrs C Wallace

Registered office

Easter Meiggar Farm
Comrie
Crieff
PH6 2JH

Accountants

Ross McConnell
Chartered Accountant3 High Street
Kinross
KY13 8AW

 

Gleneagles Sporting Limited

(Registration number: SC457205)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

923

1,385

Current assets

 

Cash at bank and in hand

 

13,194

11,515

Creditors: Amounts falling due within one year

5

(16,261)

(15,614)

Net current liabilities

 

(3,067)

(4,099)

Net liabilities

 

(2,144)

(2,714)

Capital and reserves

 

Called up share capital

6

4

4

Retained earnings

(2,148)

(2,718)

Shareholders' deficit

 

(2,144)

(2,714)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 January 2025
 

.........................................
Mr D Wallace
Director

 

Gleneagles Sporting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Easter Meiggar Farm
Comrie
Crieff
PH6 2JH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Gleneagles Sporting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Asset class

Depreciation method and rate

Equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Gleneagles Sporting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible Assets

Equipment
 £

Total
£

Cost or valuation

At 1 May 2023

10,145

10,145

At 30 April 2024

10,145

10,145

Depreciation

At 1 May 2023

8,760

8,760

Charge for the year

462

462

At 30 April 2024

9,222

9,222

Carrying amount

At 30 April 2024

923

923

At 30 April 2023

1,385

1,385

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Other loans

15,431

14,784

Accruals and deferred income

 

350

350

Other creditors

 

480

480

 

16,261

15,614

 

Gleneagles Sporting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

4

4

4

4