For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

Blairgowrie and East Perthshire Tourist Association limited is a private company limited by guarantee incorporated in Scotland. The registered office is c/o Miller Gerrard Solicitors, 13 High Street, Blairgowrie, Scotland, PH10 6ET.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

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 on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

Turnover consists of grants receivable and income from tourism promotional events and projects. Grant income is recognised when claims are approved by the grant provider; income from promotional events and projects is recognised when banked by the company.

Income from let property is recognised on the due date.

Freehold land and buildings are revalued according to the requirements for investment property. Values are assessed by reference to recent selling prices of similar property in the local area.

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents consist of deposits held at call with banks.

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debtors are measured at the amount expected to be received. Creditors are measured at the amount expected to be paid. Accruals are measured at the time-apportioned amounts expected to be paid.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The directors believe the company's accounts are relatively straight forward and as a result there were no judgements, estimates or assumptions that on their own had a significant effect on the financial statements.

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

The freehold property consists of premises at the Wellmeadow, Blairgowrie, which are let out commercially. The property is accounted for according to the requirements for investment property.

The property was valued at £60,000 on 20 October 2010 by Graham & Sibbald, chartered surveyors, prior to transfer from the previous unincorporated Association. The directors have considered the fair value of the property at the balance sheet date and have concluded that it is not materially different from the existing valuation.

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

The company was under the control of no one person during the period. Each member has only one vote per resolution and decisions are carried by the majority.

No transactions with related parties were undertaken during the year such as are required to be disclosed under the Financial Reporting Standard 102 (2023: nil).

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.