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REGISTERED NUMBER: SC130930 (Scotland)












Unaudited Financial Statements for the Year Ended 30 November 2024

for

Peebles Golf Club Limited

Peebles Golf Club Limited (Registered number: SC130930)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Peebles Golf Club Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: G Carruthers
A Pretswell
C A Mcdonald
J A Young
D Richards





SECRETARY: S J Pender





REGISTERED OFFICE: Kirkland Street
Peebles
Borders
EH45 8EU





REGISTERED NUMBER: SC130930 (Scotland)





ACCOUNTANTS: Braidwood Graham Ltd
Chartered Accountants
4 Copperbeech Court
Cavalry Park
Peebles
Borders
EH45 9BU

Peebles Golf Club Limited (Registered number: SC130930)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 536,750 552,857

CURRENT ASSETS
Stocks 32,157 31,868
Debtors 5 16,396 21,101
Cash at bank and in hand 276,753 251,945
325,306 304,914
CREDITORS
Amounts falling due within one year 6 121,446 88,587
NET CURRENT ASSETS 203,860 216,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

740,610

769,184

CREDITORS
Amounts falling due after more than one
year

7

61,470

79,985
NET ASSETS 679,140 689,199

RESERVES
Playing club reserves 71,244 71,244
Other reserves 87,452 87,452
Income and expenditure account 520,444 530,503
679,140 689,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 surplus or deficit 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.

Peebles Golf Club Limited (Registered number: SC130930)

Balance Sheet - continued
30 November 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 10 February 2025 and were signed on its behalf by:




A Pretswell - Director



J A Young - Director


Peebles Golf Club Limited (Registered number: SC130930)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Peebles Golf Club Limited is a private company, limited by guarantee , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - at varying rates on cost
Plant and machinery etc - 20% on cost, 10% on cost and at varying rates 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 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 significantly depends on the level of visitor income and therefore is considered to not be material.

Hire purchase and leasing commitments
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 17 ) .

Peebles Golf Club Limited (Registered number: SC130930)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 828,156 890,168 1,718,324
Additions - 64,816 64,816
Disposals (372 ) (14,513 ) (14,885 )
At 30 November 2024 827,784 940,471 1,768,255
DEPRECIATION
At 1 December 2023 528,033 637,434 1,165,467
Charge for year 20,120 55,418 75,538
Eliminated on disposal - (9,500 ) (9,500 )
At 30 November 2024 548,153 683,352 1,231,505
NET BOOK VALUE
At 30 November 2024 279,631 257,119 536,750
At 30 November 2023 300,123 252,734 552,857

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2023 139,662
Additions 23,060
At 30 November 2024 162,722
DEPRECIATION
At 1 December 2023 48,040
Charge for year 26,793
At 30 November 2024 74,833
NET BOOK VALUE
At 30 November 2024 87,889
At 30 November 2023 91,622

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 7,755 10,573
Other debtors 8,641 10,528
16,396 21,101

Peebles Golf Club Limited (Registered number: SC130930)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts and finance leases (see note 8)
33,083

29,108
Trade creditors 30,475 15,299
Taxation and social security 4,556 11
Other creditors 53,332 44,169
121,446 88,587

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts and finance leases (see note 8)
61,470

79,985

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
Finance leases
30.11.24 30.11.23 30.11.24 30.11.23
£    £    £    £   
Net obligations repayable:
Within one year 7,387 7,061 25,696 22,047
Between one and five years 3,140 10,249 58,330 69,736
10,527 17,310 84,026 91,783