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REGISTERED NUMBER: SC005950 (Scotland)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

THE AYR UNITED FOOTBALL AND ATHLETIC
CLUB, LIMITED

THE AYR UNITED FOOTBALL AND ATHLETIC
CLUB, LIMITED (REGISTERED NUMBER: SC005950)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE AYR UNITED FOOTBALL AND ATHLETIC
CLUB, LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: D Smith
A G Murray
W M Houston
F MacIntyre
G Mathie


SECRETARY: T McTrusty


REGISTERED OFFICE: Somerset Park
Tryfield Place
Ayr
KA8 9NB


REGISTERED NUMBER: SC005950 (Scotland)


SENIOR STATUTORY AUDITOR: Marguerite Roos BAcc CA


AUDITORS: Galbraith Pritchards
Chartered Accountants & Statutory Auditor
20 Barns Street
Ayr
Ayrshire
KA7 1XA


BANKERS: Lloyds TSB
148 - 154 High Street
Ayr
KA7 1ND

THE AYR UNITED FOOTBALL AND ATHLETIC
CLUB, LIMITED (REGISTERED NUMBER: SC005950)

BALANCE SHEET
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 683,347 691,529

CURRENT ASSETS
Stocks 71,105 41,354
Debtors 5 295,138 244,812
Cash at bank and in hand 87,490 219,987
453,733 506,153
CREDITORS
Amounts falling due within one year 6 659,650 575,809
NET CURRENT LIABILITIES (205,917 ) (69,656 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

477,430

621,873

CREDITORS
Amounts falling due after more than one
year

7

615,000

559,474
NET (LIABILITIES)/ASSETS (137,570 ) 62,399

CAPITAL AND RESERVES
Called up share capital 935,471 935,471
Revaluation reserve 8 504,456 517,731
Other reserves 198,701 198,701
Retained earnings (1,776,198 ) (1,589,504 )
SHAREHOLDERS' FUNDS (137,570 ) 62,399

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 27 March 2025 and were signed on its behalf by:





D Smith - Director


THE AYR UNITED FOOTBALL AND ATHLETIC
CLUB, LIMITED (REGISTERED NUMBER: SC005950)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

The Ayr United Football and Athletic 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 as modified by the revaluation of certain assets.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

TURNOVER
Turnover represents the value of goods and services provided in the normal course of business, net of any VAT.

Gate, other match day revenues and Monetary awards are recognised over the period of the football season as games are played. Sponsorship and similar commercial income is recognised over the duration of the respective contracts.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2.5% on cost or valuation
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.
Depreciation is provided on all tangible fixed assets other than freehold land at the above rates.

Freehold property is revalued on a gross market value with vacant possession basis. Any surplus or deficit on book value is transferred to the revaluation reserve, except that a deficit which is in excess of any previously recognised surplus over depreciated cost is transferred to the profit and loss account.

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

FINANCIAL INSTRUMENTS
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

THE AYR UNITED FOOTBALL AND ATHLETIC
CLUB, LIMITED (REGISTERED NUMBER: SC005950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

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.

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.

SIGNING-ON FEES
Signing-on fees payable to players are recognised as part of wages and salaries in the profit and loss account , and charged evenly over the football seasons covered by the players' contracts.

GRANTS
Revenue grants receivable are credited to the profit and loss account in the year in which the related expenditure is incurred.

Grants in respect of capital expenditure on property, plant and machinery, which are depreciated, are treated as deferred income, a proportion of which is transferred to revenue annually over the estimated useful life of the asset.

PROVISIONS
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 78 (2023 - 81 ) .

THE AYR UNITED FOOTBALL AND ATHLETIC
CLUB, LIMITED (REGISTERED NUMBER: SC005950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and
buildings machinery fittings
£    £    £   
COST OR VALUATION
At 1 July 2023 676,956 42,280 37,231
Additions - 12,772 4,721
At 30 June 2024 676,956 55,052 41,952
DEPRECIATION
At 1 July 2023 33,573 31,206 7,446
Charge for year 16,617 3,268 3,723
At 30 June 2024 50,190 34,474 11,169
NET BOOK VALUE
At 30 June 2024 626,766 20,578 30,783
At 30 June 2023 643,383 11,074 29,785

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 22,992 4,675 784,134
Additions - - 17,493
At 30 June 2024 22,992 4,675 801,627
DEPRECIATION
At 1 July 2023 16,032 4,348 92,605
Charge for year 1,740 327 25,675
At 30 June 2024 17,772 4,675 118,280
NET BOOK VALUE
At 30 June 2024 5,220 - 683,347
At 30 June 2023 6,960 327 691,529

Cost or valuation at 30 June 2024 is represented by:

Fixtures
Land and Plant and and
buildings machinery fittings
£    £    £   
Valuation in 2022 (13,516 ) - -
Cost 690,472 55,052 41,952
676,956 55,052 41,952

THE AYR UNITED FOOTBALL AND ATHLETIC
CLUB, LIMITED (REGISTERED NUMBER: SC005950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2022 - - (13,516 )
Cost 22,992 4,675 815,143
22,992 4,675 801,627

If land and buildings had not been revalued they would have been included at the following historical cost:

30/6/24 30/6/23
£    £   
Cost 690,472 690,472
Aggregate depreciation 410,133 410,133

Value of land in freehold land and buildings 280,339 280,339

Land and buildings were valued on a gross market value basis on 8 December 2022 by J & E Shepherd, Chartered Surveyors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 133,115 167,006
Other debtors 4,444 4,133
Tax 87,646 -
Prepayments and accrued income 69,933 73,673
295,138 244,812

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Other loans 5,000 5,000
Trade creditors 284,275 147,873
Social security and other taxes 26,419 66,814
VAT 38,321 84,559
Deferred income 256,855 222,166
Accrued expenses 48,780 49,397
659,650 575,809

THE AYR UNITED FOOTBALL AND ATHLETIC
CLUB, LIMITED (REGISTERED NUMBER: SC005950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£    £   
Directors, former directors
and associated companies loans 585,000 529,474
Other loans 30,000 30,000
615,000 559,474

8. RESERVES
Revaluation
reserve
£   
At 1 July 2023 517,731
Revaluation reserve movement (13,275 )

At 30 June 2024 504,456

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Marguerite Roos BAcc CA (Senior Statutory Auditor)
for and on behalf of Galbraith Pritchards

10. RELATED PARTY DISCLOSURES

There were a number of loans advanced by directors, former directors and associated companies at the balance
sheet date. Details of amounts including interest payable are as follows.

2024 2023
£ £

Directors, former directors and associated companies- 585,000 529,474

During the year no interest was charged by the directors.

Sponsorship and donations of £50,000 were received from directors or associated companies in the year (2023 - £100,000).

During the year, a company associated with a director, constructed the new North Stand which was brought into use post year end.

11. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

THE AYR UNITED FOOTBALL AND ATHLETIC
CLUB, LIMITED (REGISTERED NUMBER: SC005950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Smith.