MACHRIE BAY GOLF CLUB CIC

Company limited by guarantee

Company Registration Number:
SC732364 (Scotland)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

MACHRIE BAY GOLF CLUB CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

MACHRIE BAY GOLF CLUB CIC

Directors' report period ended 31 May 2024

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

Directors

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

Pietre Muir Johnston
John Robert Milesi
Brian Sherwood


The director shown below has held office during the period of
1 June 2023 to 29 August 2023

Alex Morrison-Cowan


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
25 February 2025

And signed on behalf of the board by:
Name: Pietre Muir Johnston
Status: Director

MACHRIE BAY GOLF CLUB CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 13 months to 31 May 2023


£

£
Turnover: 53,703 61,658
Cost of sales: ( 42,786 ) ( 37,928 )
Gross profit(or loss): 10,917 23,730
Administrative expenses: ( 21,222 ) ( 27,522 )
Operating profit(or loss): (10,305) (3,792)
Profit(or loss) before tax: (10,305) (3,792)
Profit(or loss) for the financial year: (10,305) (3,792)

MACHRIE BAY GOLF CLUB CIC

Balance sheet

As at 31 May 2024

Notes 2024 13 months to 31 May 2023


£

£
Fixed assets
Tangible assets: 3 78,749 88,116
Total fixed assets: 78,749 88,116
Current assets
Stocks: 4 94 94
Debtors: 5 228
Cash at bank and in hand: 7,800 13,876
Total current assets: 7,894 14,198
Creditors: amounts falling due within one year: 6 ( 13,717 ) ( 19,083 )
Net current assets (liabilities): (5,823) (4,885)
Total assets less current liabilities: 72,926 83,231
Total net assets (liabilities): 72,926 83,231
Members' funds
Profit and loss account: 72,926 83,231
Total members' funds: 72,926 83,231

The notes form part of these financial statements

MACHRIE BAY GOLF CLUB CIC

Balance sheet statements

For the year ending 31 May 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 25 February 2025
and signed on behalf of the board by:

Name: Pietre Muir Johnston
Status: Director

The notes form part of these financial statements

MACHRIE BAY GOLF CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

    Turnover represents total income from the operation of the golf club and related activities.

    Tangible fixed assets depreciation policy

    Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows: Building 2.5% straight line; Plant & Machinery 20% straight line.

MACHRIE BAY GOLF CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 13 months to 31 May 2023
    Average number of employees during the period 1 1

MACHRIE BAY GOLF CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 61,487 35,996 97,483
Additions
Disposals
Revaluations
Transfers
At 31 May 2024 61,487 35,996 97,483
Depreciation
At 1 June 2023 2,168 7,199 9,367
Charge for year 2,168 7,199 9,367
On disposals
Other adjustments
At 31 May 2024 4,336 14,398 18,734
Net book value
At 31 May 2024 57,151 21,598 78,749
At 31 May 2023 59,319 28,797 88,116

MACHRIE BAY GOLF CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Stocks

2024 13 months to 31 May 2023
£ £
Stocks 94 94
Total 94 94

MACHRIE BAY GOLF CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Debtors

2024 13 months to 31 May 2023
£ £
Trade debtors 228
Total   228

MACHRIE BAY GOLF CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due within one year note

2024 13 months to 31 May 2023
£ £
Amounts due under finance leases and hire purchase contracts 9,417 14,783
Other creditors 4,300 4,300
Total 13,717 19,083

COMMUNITY INTEREST ANNUAL REPORT

MACHRIE BAY GOLF CLUB CIC

Company Number: SC732364 (Scotland)

Year Ending: 31 May 2024

Company activities and impact

The company's activities provide benefit to the residents of and visitors to the Isle of Arran, Scotland who fall into a number of categories, namely: those who wish to join as members and enjoy all the facilities and organised competitions on offer; those who wish to enjoy the facilities of the golf course; those who wish to enjoy the facilities of the tennis court; those who wish to enjoy the facilities of the tearoom.

Consultation with stakeholders

Regular committee meeting are held to ensure the CIC is upholding the reasons for its creation. Members of the golf club comprise local residents, regular holidaymakers and visitors. A monthly newsletter asks for members' comments and suggestions as to how the club is performing and what could be done better or differently.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
25 February 2025

And signed on behalf of the board by:
Name: Pietre Muir Johnston
Status: Director