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REGISTERED NUMBER: SC046935 (Scotland)















Unaudited Financial Statements For The Year Ended 31st October 2024

for

CAIRNGORM CANOEING & SAILING SCHOOL
LIMITED

CAIRNGORM CANOEING & SAILING SCHOOL
LIMITED (REGISTERED NUMBER: SC046935)






Contents of the Financial Statements
For The Year Ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAIRNGORM CANOEING & SAILING SCHOOL
LIMITED

Company Information
For The Year Ended 31st October 2024







Directors: Mr J Freshwater
Mr D Freshwater





Registered office: Insh Hall
Kincraig
PH21 1NU





Registered number: SC046935 (Scotland)





Accountants: Goldwells
15-17 High Street
Kingussie
Inverness-Shire
PH21 1HS

CAIRNGORM CANOEING & SAILING SCHOOL
LIMITED (REGISTERED NUMBER: SC046935)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,547,206 2,530,409

Current assets
Stocks 59,173 54,028
Debtors 5 46,727 45,848
Cash at bank and in hand 5,781 599
111,681 100,475
Creditors
Amounts falling due within one year 6 635,539 530,750
Net current liabilities (523,858 ) (430,275 )
Total assets less current liabilities 2,023,348 2,100,134

Creditors
Amounts falling due after more than one year 7 1,112,945 959,230
Net assets 910,403 1,140,904

Capital and reserves
Called up share capital 8 20,189 20,189
Share premium 41,139 41,139
Revaluation reserve 9 260,228 260,228
Retained earnings 588,847 819,348
Shareholders' funds 910,403 1,140,904

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

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

CAIRNGORM CANOEING & SAILING SCHOOL
LIMITED (REGISTERED NUMBER: SC046935)

Balance Sheet - continued
31st October 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 18th July 2025 and were signed on its behalf by:





Mr D Freshwater - Director


CAIRNGORM CANOEING & SAILING SCHOOL
LIMITED (REGISTERED NUMBER: SC046935)

Notes to the Financial Statements
For The Year Ended 31st October 2024

1. Statutory information

Cairngorm Canoeing & Sailing School 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.

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.
Plant and machinery - Straight line over 5 years
Motor vehicles - 25% on reducing balance
Office equipment - 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 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.

CAIRNGORM CANOEING & SAILING SCHOOL
LIMITED (REGISTERED NUMBER: SC046935)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2024

2. Accounting policies - continued

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 56 (2023 - 68 ) .

4. Tangible fixed assets
Assets
Freehold under Plant and
property construction machinery
£    £    £   
Cost
At 1st November 2023 2,009,415 107,153 699,379
Additions - 105,608 9,231
At 31st October 2024 2,009,415 212,761 708,610
Depreciation
At 1st November 2023 - - 316,150
Charge for year - - 91,057
At 31st October 2024 - - 407,207
Net book value
At 31st October 2024 2,009,415 212,761 301,403
At 31st October 2023 2,009,415 107,153 383,229

Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1st November 2023 54,178 24,289 2,894,414
Additions - 1,992 116,831
At 31st October 2024 54,178 26,281 3,011,245
Depreciation
At 1st November 2023 37,540 10,315 364,005
Charge for year 4,160 4,817 100,034
At 31st October 2024 41,700 15,132 464,039
Net book value
At 31st October 2024 12,478 11,149 2,547,206
At 31st October 2023 16,638 13,974 2,530,409

CAIRNGORM CANOEING & SAILING SCHOOL
LIMITED (REGISTERED NUMBER: SC046935)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2024

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 17,393 7,839
Other debtors 29,334 38,009
46,727 45,848

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 84,769 109,180
Hire purchase contracts - 9,480
Trade creditors 143,759 110,592
Taxation and social security 114,483 35,813
Other creditors 292,528 265,685
635,539 530,750

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 418,114 430,340
Other creditors 694,831 528,890
1,112,945 959,230

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20,189 Ordinary £1.00 shares 1.00 20,189 20,189

9. Reserves
Revaluation
reserve
£   
At 1st November 2023
and 31st October 2024 260,228