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REGISTERED NUMBER: SC329739 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

CASTLEWOOD LEISURE CLUB LTD

CASTLEWOOD LEISURE CLUB LTD (REGISTERED NUMBER: SC329739)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CASTLEWOOD LEISURE CLUB LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: W A Smith
Mrs A Smith





SECRETARY:





REGISTERED OFFICE: Benview
Strachan
Banchory
Aberdeenshire
AB31 6NQ





REGISTERED NUMBER: SC329739 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
71 Charleston Road North
Cove
Aberdeen
Aberdeenshire
AB12 3SZ

CASTLEWOOD LEISURE CLUB LTD (REGISTERED NUMBER: SC329739)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,345,194 2,367,693

CURRENT ASSETS
Debtors 5 13,485 5,946
Cash at bank 31,675 100,873
45,160 106,819
CREDITORS
Amounts falling due within one year 6 744,118 829,950
NET CURRENT LIABILITIES (698,958 ) (723,131 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,646,236

1,644,562

CREDITORS
Amounts falling due after more than one
year

7

513,824

535,916
NET ASSETS 1,132,412 1,108,646

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 1,045,222 1,045,620
Retained earnings 87,090 62,926
SHAREHOLDERS' FUNDS 1,132,412 1,108,646

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

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

CASTLEWOOD LEISURE CLUB LTD (REGISTERED NUMBER: SC329739)

BALANCE SHEET - continued
31 AUGUST 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 7 June 2025 and were signed on its behalf by:





W A Smith - Director


CASTLEWOOD LEISURE CLUB LTD (REGISTERED NUMBER: SC329739)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Castlewood Leisure Club Ltd 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 - 5% on cost
Plant and machinery etc - 25% on reducing balance

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 2 (2023 - 3 ) .

CASTLEWOOD LEISURE CLUB LTD (REGISTERED NUMBER: SC329739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 3,179,612 407,979 3,587,591
Additions - 98,087 98,087
Disposals - (20,995 ) (20,995 )
At 31 August 2024 3,179,612 485,071 3,664,683
DEPRECIATION
At 1 September 2023 936,776 283,122 1,219,898
Charge for year 75,740 36,346 112,086
Eliminated on disposal - (12,495 ) (12,495 )
At 31 August 2024 1,012,516 306,973 1,319,489
NET BOOK VALUE
At 31 August 2024 2,167,096 178,098 2,345,194
At 31 August 2023 2,242,836 124,857 2,367,693

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 13,485 5,946

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 27,787 27,787
Hire purchase contracts 52,424 62,270
Trade creditors 2,881 22,183
Taxation and social security 17,510 17,070
Other creditors 643,516 700,640
744,118 829,950

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 254,249 281,819
Hire purchase contracts 64,075 58,597
Other creditors 195,500 195,500
513,824 535,916

CASTLEWOOD LEISURE CLUB LTD (REGISTERED NUMBER: SC329739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.8.24 31.8.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 195,500 195,500

Repayable by instalments
Bank loans more 5 yr by instal 155,422 182,992

8. RESERVES
Fair
value
reserve
£   
At 1 September 2023 1,045,620
Transfer (398 )

At 31 August 2024 1,045,222