This will be my final year as Captain of Broomieknowe Golf Club and am confident that, with the support of my fellow Directors, we have continued to develop our facilities and grow the business. The commitment of each member of Council and the Club Manager has ensured a cohesive management team that has achieved much in 2024/5. The Broomieknowe team is a diverse one but cohesive in their efforts to provide excellent service and experiences for our Members, their Guests and Visitors both on the Course and in the Clubhouse. Great credit to Kevin Armitage who keeps all things ticking over and to Stuart and Lisa who manage the hospitality areas effectively.

Our financial position continues to be robust with effective budget management and increasing income generation being evident. The in-house provision of catering services continues to be a significant cost, but has continued to be stable with menu development and regular refreshment resulting in increased footfall for diners. The Clubhouse team provides professional bar and front of house services that are appreciated by members and visitors alike and we have seen an increased demand for small catered functions.

Our greenkeeping team continues to provide effective maintenance and development of the Course and the staff receive regular praise from members and visitors regarding the quality of the facility. The second phase of the course development work, focusing on the removal, renovation and creation of the bunkers on holes 10-15, was completed ahead of schedule. Again, credit to the greens team, volunteers and contractors who completed the work swiftly and without undue disruption to play on the course. The changes have been received very positively by our members and we look forward to the completion of development work in the autumn of 2025.

The contributions of our PGA Professional, Mark Patchett, our ‘Handyman’, Jimmy Wilson and Course Ranger, John White continue to be valued by all.

The services of a Health and Safety Consultant continue and efforts continue to ensure compliance with statutory requirements.

We continue to have a team that work effectively together to promote Broomieknowe Golf Club, that addresses the challenges associated with managing the business and will strive to ensure the future of the Club.

The Greens team welcomed Billy Hudson, as Head Greenkeeper, to the Club on 23rd April 2024 following Allan Duncan’s departure to Saudi. We also invested further in the Greens team in October 2024 when we recruited Jack Sibbald who became the 5th full time staff member, providing further skills and resources to invest in our main product - the golf course. This 5th team member represents a big financial investment by the Club Directors into presenting the best golf course we can within the budget set. The team are also supported every week by a hardy bunch of volunteers who give up their own free time to undertake a variety of tasks on the course every week.

I would like to thank all the hard-working greens team, who start around 5am every day and work one weekend in every five, in all weather conditions, to prepare the course for members, guests and visitors. And a big thanks to our volunteers.

Looking back on this financial year, there are a few highlights and challenges that arose:

Bunkers - Course Strategy Group - 10th to 15th holes - the team spent the first part of the winter on the CSG project where a dozen plus bunkers were reshaped, rebuilt, filled in and turfed, etc, under the guidance of the Architect, Contractors and Billy. This is a significant investment made by the club to improve the bunkers and the plans are in place to finish the bunker project in winter 2025/26.

Greens and Aprons - the greens were in good shape during the /autumn of 2024, but like many parkland courses, our greens suffered badly from disease during the winter of 2024, and they took until spring 2025 before they recovered from the scarring. To help improve the strength of the grass, the club invested in a second hand Air2G2 machine - which arrived on 31st March 2025. This investment was made as part of a number of measures taken to address the disease now most of the chemicals we could use in the past are no longer available.

Drainage at 9th green, 4th ditch & 10th hill - the team undertook extensive work to improve the drainage in these areas. Ironically, since the work was completed, very little rain has fallen, but the team are confident these areas will drain much better in future.

Fairways - the overseeding project has also been successful, with considerable improvement in the grass coverage on several fairways, albeit a very dry winter/spring 2025 has led to some other challenges for the team to tackle this financial year.

Storms/Trees - the team invested time and money into removing around four hundred tree stumps that had built up from a decade or so of storms.

Looking Ahead - The plans to improve the bunker formations at the 5th to 9th holes are being finalised for autumn/winter 2025. We also have plans to improve the drainage in the corner to the right of the 8th tee, which should help the drainage in the bottom field for the longer term.

There is plenty to be optimistic about for the years ahead at Broomieknowe and I hope members stay safe and healthy and that you all enjoy the course, and you get those handicaps down.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Broomieknowe Golf Club Ltd. is a private company limited by guarantee incorporated in Scotland. The registered office is 36 Golf Course Road, Bonnyrigg, Midlothian, EH19 2HZ.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

At the time of approving the financial statements the Council consider that the club has adequate resources to continue in operational existence for a period not less than twelve months from the date of approval of the financial statements. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.true

Income and expenses are included in the financial statements as they become receivable or due.

Expenses include the irrecoverable element of VAT which is unavailable to be reclaimed.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

Land is stated at cost and is not depreciated as it is considered to have an indefinite useful life.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

The tax expense for the year comprises of current tax. Corporation tax is chargeable on income or surpluses derived from transactions with non-members, including interest income. The current tax charge is calculated of the rates and laws that have been enacted or substantively enacted by the reporting date.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

The average monthly number of persons (including directors) employed by the company during the year was:

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its deficit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.