GOVANHILL COMMUNITY DEVELOPMENT TRUST LIMITED

Company Registration Number:
SC131381 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

GOVANHILL COMMUNITY DEVELOPMENT TRUST LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

GOVANHILL COMMUNITY DEVELOPMENT TRUST LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

Operating a property portfolio and community development



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Keith Kintrea
Barbara Robertson
Joyce Hardie
Mujeeb Ur-Rehman
Anthony Crosbie
Madeleine Cassell


The director shown below has held office during the period of
1 April 2023 to 21 January 2024

Wilma Logan


The director shown below has held office during the period of
14 September 2023 to 31 March 2024

Ghazala Hakeen


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
30 August 2024

And signed on behalf of the board by:
Name: Keith Kintrea
Status: Director

GOVANHILL COMMUNITY DEVELOPMENT TRUST LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 557,329 725,296
Cost of sales: ( 586,848 ) ( 917,105 )
Gross profit(or loss): (29,519) (191,809)
Other operating income: 55,343 55,343
Operating profit(or loss): 25,824 (136,466)
Interest receivable and similar income: 7,193 3,277
Interest payable and similar charges: ( 33,000 ) ( 296,533 )
Profit(or loss) before tax: 17 (429,722)
Tax: 0 0
Profit(or loss) for the financial year: 17 (429,722)

GOVANHILL COMMUNITY DEVELOPMENT TRUST LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 1,682,062 1,732,985
Total fixed assets: 1,682,062 1,732,985
Current assets
Stocks: 4 100 100
Debtors: 5 151,181 103,917
Cash at bank and in hand: 399,863 425,316
Total current assets: 551,144 529,333
Creditors: amounts falling due within one year: 6 ( 267,145 ) ( 273,929 )
Net current assets (liabilities): 283,999 255,404
Total assets less current liabilities: 1,966,061 1,988,389
Creditors: amounts falling due after more than one year: 7 ( 52,000 ) ( 19,000 )
Accruals and deferred income: ( 1,593,353 ) ( 1,648,698 )
Total net assets (liabilities): 320,708 320,691
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 320,608 320,591
Total Shareholders' funds: 320,708 320,691

The notes form part of these financial statements

GOVANHILL COMMUNITY DEVELOPMENT TRUST LIMITED

Balance sheet statements

For the year ending 31 March 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 30 August 2024
and signed on behalf of the board by:

Name: Keith Kintrea
Status: Director

The notes form part of these financial statements

GOVANHILL COMMUNITY DEVELOPMENT TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 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

    Turnover policy

    The company is not registered for Value Added Tax (VAT) and the turnover is, therefore, stated exclusive of VAT. Turnover is in respect of rents, service charges received and revenue grants receivable from the Scottish Government, local authorities and other agencies.

    Tangible fixed assets depreciation policy

    DEPRECIATION – OTHER NON CURRENT ASSETS Computer and office equipment are depreciated at differing rates between 5% and 33.3% per annum on cost less any residual value over their estimated useful life.

    Other accounting policies

    see full details in final accounts

GOVANHILL COMMUNITY DEVELOPMENT TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 7 13

GOVANHILL COMMUNITY DEVELOPMENT TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 2,915,046 53,186 2,968,232
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 2,915,046 53,186 2,968,232
Depreciation
At 1 April 2023 1,186,572 48,675 1,235,247
Charge for year 50,601 322 50,923
On disposals
Other adjustments
At 31 March 2024 1,237,173 48,997 1,286,170
Net book value
At 31 March 2024 1,677,873 4,189 1,682,062
At 31 March 2023 1,728,474 4,511 1,732,985

GOVANHILL COMMUNITY DEVELOPMENT TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 100 100
Total 100 100

GOVANHILL COMMUNITY DEVELOPMENT TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 14,079 27,943
Prepayments and accrued income 119,076 69,163
Other debtors 18,026 6,811
Total 151,181 103,917

GOVANHILL COMMUNITY DEVELOPMENT TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 14,551 31,599
Taxation and social security 5,831 13,545
Accruals and deferred income 55,344 55,344
Other creditors 191,419 173,441
Total 267,145 273,929

GOVANHILL COMMUNITY DEVELOPMENT TRUST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 52,000 19,000
Total 52,000 19,000