FORT WILLIAM MARINA & SHORELINE COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
SC529964 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

FORT WILLIAM MARINA & SHORELINE COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

FORT WILLIAM MARINA & SHORELINE COMMUNITY INTEREST COMPANY

Directors' report period ended 31 December 2024

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

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

James Kennedy
Sarah Kennedy
Gunter Bruno Schmidt
Robert Skinner


Secretary Sarah Kennedy

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
21 January 2025

And signed on behalf of the board by:
Name: Gunter Bruno Schmidt
Status: Director

FORT WILLIAM MARINA & SHORELINE COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 33,700 35,638
Cost of sales: ( 1,141 ) ( 1,150 )
Gross profit(or loss): 32,559 34,488
Administrative expenses: ( 25,229 ) ( 51,002 )
Other operating income: 13,368 22,510
Operating profit(or loss): 20,698 5,996
Profit(or loss) before tax: 20,698 5,996
Profit(or loss) for the financial year: 20,698 5,996

FORT WILLIAM MARINA & SHORELINE COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 206,988 182,702
Total fixed assets: 206,988 182,702
Current assets
Debtors: 4 7,414 3,362
Cash at bank and in hand: 28,547 16,999
Total current assets: 35,961 20,361
Creditors: amounts falling due within one year: 5 ( 202,449 ) ( 183,261 )
Net current assets (liabilities): (166,488) (162,900)
Total assets less current liabilities: 40,500 19,802
Total net assets (liabilities): 40,500 19,802
Members' funds
Profit and loss account: 40,500 19,802
Total members' funds: 40,500 19,802

The notes form part of these financial statements

FORT WILLIAM MARINA & SHORELINE COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 December 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 21 January 2025
and signed on behalf of the board by:

Name: Gunter Bruno Schmidt
Status: Director

The notes form part of these financial statements

FORT WILLIAM MARINA & SHORELINE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Land & buildings Pontoon, Bridge and Extension to Pontoons 5% SL Plant & machinery 25% SL

    Other accounting policies

    The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. Basis of preparation - The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation currency - GBP

FORT WILLIAM MARINA & SHORELINE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

FORT WILLIAM MARINA & SHORELINE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 0 282,649 0 0 0 282,649
Additions 37,880 119 37,999
Disposals
Revaluations
Transfers
At 31 December 2024 37,880 282,649 0 119 0 320,648
Depreciation
At 1 January 2024 0 99,947 0 0 0 99,947
Charge for year 13,673 40 13,713
On disposals
Other adjustments
At 31 December 2024 0 113,620 0 40 0 113,660
Net book value
At 31 December 2024 37,880 169,029 0 79 0 206,988
At 31 December 2023 0 182,702 0 0 0 182,702

FORT WILLIAM MARINA & SHORELINE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
£ £
Trade debtors 840
Prepayments and accrued income 3,489 2,522
Other debtors 3,925
Total 7,414 3,362

FORT WILLIAM MARINA & SHORELINE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 15 34
Accruals and deferred income 202,434 183,192
Other creditors 35
Total 202,449 183,261

COMMUNITY INTEREST ANNUAL REPORT

FORT WILLIAM MARINA & SHORELINE COMMUNITY INTEREST COMPANY

Company Number: SC529964 (Scotland)

Year Ending: 31 December 2024

Company activities and impact

The company runs the Fort William Pontoons, the only safe access to shore in Fort William for locals and marine tourists. The Pontoons opened for business in May 2016. During the financial year 2024, the Pontoons activities have benefitted the community in the following ways: 1) Local residents have been able to use the Pontoons to get safe and secure access to/from Loch Linnhe during the year 2) It has enabled us to promote our area to short stay marine visitors with the hope that they will pass on to their friends and family what a lovely time they’ve had in our wee town 3) The local shops and museum who have generally seen an increase in business from the marine tourists using the Pontoons were able to benefit from this facility 4) Approximately 281 vessels stayed alongside the extension during the season Other benefits were brought to the community as follows: 1) 17 (out of 19 scheduled) cruise ships were able to use the Fort William Pontoons to come to shore and visit the various locations in the area, enjoy the events, shops and facilities in the town 2) Volunteers from the community, including those from Fort William Town Team, assisted our own volunteers with the welcome of the passengers and crew including one young lady who completed her Volunteering section of the Duke of Edinburgh Silver Award 3) Various local businesses benefitted such as local tour guides and the Highland Liquor Company carried out whisky tasting on board one of the ships 4) Our local bus company, drivers and guides were used by the excursion companies appointed by the cruise ships to provide excursions around Lochaber 5) Visitors coming to Fort William via the Pontoons were a source of income for local crafters selling their wares in the local shops 6) Four local pipers shared the role of piping a welcome to the cruise ship passengers as they were alighting from the cruise ship tenders and transferring onto the coaches

Consultation with stakeholders

The CICs stakeholders are its members, who are regularly updated via monthly meetings. No specific action has been taken this year.

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
7 March 2025

And signed on behalf of the board by:
Name: Sarah Kennedy
Status: Director