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REGISTERED NUMBER: SC489190 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Orkney Golf Club Ltd

Orkney Golf Club Ltd (Registered number: SC489190)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Orkney Golf Club Ltd

Company Information
for the year ended 30 September 2024







DIRECTORS: D A Campbell
Mrs S M Shearer
N C Tait
I R Wilkie





SECRETARY:





REGISTERED OFFICE: Grainbank
Kirkwall
Orkney
KW15 1RD





REGISTERED NUMBER: SC489190 (Scotland)





ACCOUNTANTS: Foubister & Bain
4 Broad Street
Kirkwall
Orkney
KW15 1NX

Orkney Golf Club Ltd (Registered number: SC489190)

Balance Sheet
30 September 2024

2023 2024
£    £    Notes £    £   
FIXED ASSETS
461,941 Tangible assets 4 460,485

CURRENT ASSETS
4,860 Stocks 3,650
35,394 Debtors 5 39,450
64,232 Cash at bank and in hand 76,441
104,486 119,541
CREDITORS
17,581 Amounts falling due within one year 6 15,380
86,905 NET CURRENT ASSETS 104,161

548,846
TOTAL ASSETS LESS CURRENT
LIABILITIES

564,646

CREDITORS

20,553
Amounts falling due after more than one
year

7

17,228
528,293 NET ASSETS 547,418

RESERVES
3,606 Junior Reserve 3,070
80,576 Grant Reserve 80,576
444,111 Income and expenditure account 463,772
528,293 547,418

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

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

Orkney Golf Club Ltd (Registered number: SC489190)

Balance Sheet - continued
30 September 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 5 December 2024 and were signed on its behalf by:





D A Campbell - Director


Orkney Golf Club Ltd (Registered number: SC489190)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Orkney Golf Club Ltd 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.

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.

No depreciation is charged on the land & buildings as the course land is the main asset.
Course Machinery - 20%
Fixtures and Fittings - 15%

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST
At 1 October 2023 649,521 430,726 218,795
Additions 5,600 - 5,600
At 30 September 2024 655,121 430,726 224,395
DEPRECIATION
At 1 October 2023 187,580 - 187,580
Charge for year 7,056 - 7,056
At 30 September 2024 194,636 - 194,636
NET BOOK VALUE
At 30 September 2024 460,485 430,726 29,759
At 30 September 2023 461,941 430,726 31,215

Orkney Golf Club Ltd (Registered number: SC489190)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 39,450 35,394

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,250 3,100
Trade creditors 11,719 14,127
Taxation 411 354
15,380 17,581

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 17,228 20,553

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,478 7,628