WHITECRAIGS RUGBY CLUB LIMITED


Directors	P J Brown
	N Dunning
	H R Henderson
	J F Jewitt (Appointed 1 June 2025)
	F Neil
	P Parry
	C Percival
	G Russell


Company Secretary	G M Scott


Registered Address	199-201 Aurs Road
	Newton Mearns
	Glasgow
	G77 6PX


Registered Number	SC035738 (Scotland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,224,100		1,262,503
Investment property	4		300,000		300,000
			1,524,100		1,562,503
Current assets
Stocks	5	6,268		9,085
Debtors	6	13,043		15,700
Cash at bank and on hand		34,473		28,257
		53,784		53,042
Creditors amounts falling due within one year	7	(89,903)		(87,949)
Net current assets (liabilities)			(36,119)		(34,907)
Total assets less current liabilities			1,487,981		1,527,596
Creditors amounts falling due after one year	8		(60,883)		(76,551)
Provisions for liabilities	9		(24,332)		(24,332)
Net assets			1,402,766		1,426,713
Capital and reserves
Revaluation reserve			194,191		194,191
Profit and loss account			1,208,575		1,232,522
Reserves			1,402,766		1,426,713

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 18 November 2025, and are signed on its behalf by:

H R Henderson
Director
Registered Company No. SC035738

WHITECRAIGS RUGBY CLUB LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by guarantee and registered in Scotland. The company's registered number is SC035738 and registered office address is 199-201 Aurs Road, Newton Mearns, Glasgow, G77 6PX.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents sales from the bar, excluding value added tax and is recognised when a service is provided to members.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and 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: Land and property - not depreciated Clubhouse - 2% per annum straight line Fixtures and fittings - 10% per annum straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

Tangible fixed assets and depreciation

Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and 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:


Land and property          -   not depreciated
Clubhouse                      -   2% per annum straight line
Fixtures and fittings        -   10% per annum straight line

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

	Investment property
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks with short term of maturity, being twelve months or less, from the opening of the deposit or similar account.

	Financial instruments
	The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

	Government grants or assistance
	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.

Government grants or assistance

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.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	14		13

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 April 24	2,152,721	85,080	2,237,801
Additions	-	528	528
Disposals	-	(645)	(645)
At 31 March 25	2,152,721	84,963	2,237,684
Depreciation and impairment
At 01 April 24	911,746	63,552	975,298
Charge for year	36,054	2,877	38,931
On disposals	-	(645)	(645)
At 31 March 25	947,800	65,784	1,013,584
Net book value
At 31 March 25	1,204,921	19,179	1,224,100
At 31 March 24	1,240,975	21,528	1,262,503

4.	Investment property
	The historical cost of the investment property held is £105,809.


		£
	Fair value at 01 April 24	300,000
	At 31 March 25	300,000

5.	Stocks

	2025	2024
	£	£
Finished goods	6,268	9,085
Total	6,268	9,085

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	2,074	3,942
Other debtors	4,218	2,296
Prepayments and accrued income	6,751	9,462
Total	13,043	15,700

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	9,253	9,601
Bank borrowings and overdrafts	15,478	12,378
Taxation and social security	6,976	2,357
Other creditors	47,659	54,980
Accrued liabilities and deferred income	10,537	8,633
Total	89,903	87,949

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	60,883	76,551
Total	60,883	76,551

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	24,332	24,332
Total	24,332	24,332

10.	Guarantees provided on behalf of directors
	The company is limited by guarantee, not having a share capital and consequently the liability of the 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.