REGISTERED NUMBER: SC271133 (Scotland)

VISIONS (CUMNOCK) LIMITED

FINANCIAL STATEMENTS FOR THE PERIOD 1ST APRIL 2024 TO 30TH NOVEMBER 2024

Page

Balance Sheet

1

FIXED ASSETS

46,027

38,644

CURRENT ASSETS

377,704

39,192

CREDITORS

Amounts falling due within one year

(402,928

)

(56,632

)

NET CURRENT LIABILITIES

(25,224

)

(17,440

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,803

21,204

CAPITAL AND RESERVES

20,803

21,204

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Visions (Cumnock) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC271133

Registered office:

Visions Leisure Centre

Auchinleck Road

Cumnock

Ayrshire

KA18 1AN

2.	PRIOR YEAR ADJUSTMENT

The comparative bank balance of £11,522 was omitted from the 31 March 2024 financial statements, accordingly a prior year adjustment has been made.

3.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the period was 22 (2024 - 14 ) .

4.	RELATED PARTY DISCLOSURES

The company paid £8,000 (31.03.24: £12,000) to its parent company, Cumnock and District Leisure Group, in respect of the lease of the leisure facilities and received £94,000 in respect of shared overheads for the period to 30 November 2024.

The deficiency in net current assets of £25,224 (March 2024: £17,440) are funded by the parent company who will continue to support its subsidiary for the foreseeable future.

5.	ULTIMATE CONTROLLING PARTY

Cumnock and DIstrict Leisure Group is regarded by the directors as being the company's ultimate controlling party.

5.	FUTURE FUNDING

A funding agreement is currently in place between the parent company and East Ayrshire Council which runs until 31 March 2027. The future of the company beyond that date will be dependant upon further funding agreements being reached and the level of self sufficiency attained. The directors are hopeful that future funding will be forthcoming for the following years.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th November 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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 9th October 2025 and were signed on its behalf by:

Mrs K C Hannah - Director

A H Hope - Director