IRIS Accounts Production v24.3.2.46 SC158371 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1583712023-05-31SC1583712024-05-31SC1583712023-06-012024-05-31SC1583712022-05-31SC1583712022-06-012023-05-31SC1583712023-05-31SC158371ns15:Scotland2023-06-012024-05-31SC158371ns14:PoundSterling2023-06-012024-05-31SC158371ns10:Director12023-06-012024-05-31SC158371ns10:PrivateLimitedCompanyLtd2023-06-012024-05-31SC158371ns10:SmallEntities2023-06-012024-05-31SC158371ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-31SC158371ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-31SC158371ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-31SC158371ns10:FullAccounts2023-06-012024-05-31SC158371ns10:Director22023-06-012024-05-31SC158371ns10:Director42023-06-012024-05-31SC158371ns10:RegisteredOffice2023-06-012024-05-31SC158371ns5:CurrentFinancialInstruments2024-05-31SC158371ns5:CurrentFinancialInstruments2023-05-31SC158371ns5:Non-currentFinancialInstruments2024-05-31SC158371ns5:Non-currentFinancialInstruments2023-05-31SC158371ns5:ShareCapital2024-05-31SC158371ns5:ShareCapital2023-05-31SC158371ns5:RetainedEarningsAccumulatedLosses2024-05-31SC158371ns5:RetainedEarningsAccumulatedLosses2023-05-31SC158371ns5:LandBuildings2023-06-012024-05-31SC158371ns5:PlantMachinery2023-06-012024-05-31SC158371ns5:LandBuildings2023-05-31SC158371ns5:PlantMachinery2023-05-31SC158371ns5:LandBuildings2024-05-31SC158371ns5:PlantMachinery2024-05-31SC158371ns5:LandBuildings2023-05-31SC158371ns5:PlantMachinery2023-05-31SC158371ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-31SC158371ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: SC158371 (Scotland)















Nairn County Football Club Limited

Financial Statements For The Year Ended 31 May 2024






Nairn County Football Club Limited (Registered number: SC158371)






Contents of the Financial Statements
For The Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nairn County Football Club Limited

Company Information
For The Year Ended 31 May 2024







DIRECTORS: I A Finlayson
G Macleod
D L Matheson





REGISTERED OFFICE: 28 High Street
Nairn
Highland
IV12 4AU





REGISTERED NUMBER: SC158371 (Scotland)





ACCOUNTANTS: The Long Partnership
1st Floor
Robertson House
Shore Street
Inverness
Highland
IV1 1NF

Nairn County Football Club Limited (Registered number: SC158371)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 291,526 225,516

CURRENT ASSETS
Stocks 5,575 5,350
Debtors 5 78,713 23,427
Cash at bank 9,175 3,148
93,463 31,925
CREDITORS
Amounts falling due within one year 6 81,858 14,336
NET CURRENT ASSETS 11,605 17,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,131

243,105

CREDITORS
Amounts falling due after more than one
year

7

182,525

171,790
NET ASSETS 120,606 71,315

CAPITAL AND RESERVES
Called up share capital 43,140 43,140
Retained earnings 77,466 28,175
120,606 71,315

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Nairn County Football Club Limited (Registered number: SC158371)

Balance Sheet - continued
31 May 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





D L Matheson - Director


Nairn County Football Club Limited (Registered number: SC158371)

Notes to the Financial Statements
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

Nairn County Football Club 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Equipment - 25% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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 taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 25 ) .

Nairn County Football Club Limited (Registered number: SC158371)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings Equipment Totals
£    £    £   
COST
At 1 June 2023 317,312 138,285 455,597
Additions - 78,026 78,026
At 31 May 2024 317,312 216,311 533,623
DEPRECIATION
At 1 June 2023 98,347 131,734 230,081
Charge for year 6,340 5,676 12,016
At 31 May 2024 104,687 137,410 242,097
NET BOOK VALUE
At 31 May 2024 212,625 78,901 291,526
At 31 May 2023 218,965 6,551 225,516

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 73,123 16,872
Other debtors 5,590 6,555
78,713 23,427

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 68,120 1,972
Taxation and social security 502 (1,470 )
Other creditors 13,236 13,834
81,858 14,336

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors 182,525 171,790