The notes on pages 2 to 5 form part of these financial statements.

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 statement within the financial statements.true

GCI at BGC Limited is a private company limited by shares incorporated in Scotland. The registered office is Stannergate House, 41 Dundee Road West, Broughty Ferry, Dundee, Scotland, DD5 1NB.

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 entity.

The financial statements have been prepared on the historical cost basis.

The company’s forecast and projections, taking account of anticipated changes in trading performance,true indicate that the company plans to operate within cash generated from operations. The directors consider that, after making appropriate enquiries, including gaining assurances from the parent and the wider group companies of continued financial support where needed, they have reasonable expectation that the company will continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in the preparation of these financial statements

Turnover is measured at the consideration received or receivable for the provision of golf caddie management services, stated net of Value Added Tax.

Where there is an contractual right to receive income, the total contractual amount will be recognized on a straight-line basis, evenly over the term of the contract.

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction.

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

Profit and loss account - This reserve records retained earnings and accumulated losses,

Foreign currency translation reserve - This records the cumulative foreign exchanges differences determined on retranslation of the USD denominated trial balance that are accounted for in other comprehensive income.

During the year, the company advanced net funds totalling £41,155 from associated companies (2023 - received net funds of £19,721 to associated companies). The company purchased services and goods from associated companies amounting to £12,580 (2023 - £4,319).

At the year-end, the net amount due to be repaid by the company to associated companies was £3,262 (2023 - £31,837). The balance owing to associated companies is repayable on demand with no interest charged and is shown in the above note on Creditors: Amounts falling due within one year.

The company is wholly owned by Golf Caddies LLC., an incorporated entity in the United States of America.