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COMPANY REGISTRATION NUMBER: SC600434

Clyde Leisure Group Limited

Filleted Unaudited Financial Statements

31 March 2025

Clyde Leisure Group Limited

Financial Statements

Year ended 31 March 2025

Contents | Page

Report to the director on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2

Notes to the financial statements | 3

Clyde Leisure Group Limited

Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Clyde Leisure Group Limited

Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clyde Leisure Group Limited for the year ended 31 March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Clyde Leisure Group Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Clyde Leisure Group Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clyde Leisure Group Limited and its director for our work or for this report.
It is your duty to ensure that Clyde Leisure Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clyde Leisure Group Limited. You consider that Clyde Leisure Group Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Clyde Leisure Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY Chartered accountants
216 West George Street Glasgow G2 2PQ
17 March 2026

Clyde Leisure Group Limited

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Investments | 4 | 100 | 100

Current assets

Debtors | 5 | 28,333 | 28,333
Cash at bank and in hand | 36,737 | 26,925
| -------- | --------
| 65,070 | 55,258

Creditors: amounts falling due within one year | 6 | 30,840 | 30,840
| -------- | --------
Net current assets | 34,230 | 24,418
| -------- | --------
Total assets less current liabilities | 34,330 | 24,518
| -------- | --------
Net assets | 34,330 | 24,518
| -------- | --------

Capital and reserves

Called up share capital | 101 | 101
Share premium account | 518 | 518
Profit and loss account | 33,711 | 23,899
| -------- | --------
Shareholders funds | 34,330 | 24,518
| -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 March 2026 , and are signed on behalf of the board by:

Mrs H Stokes |
Director |

Company registration number: SC600434

Clyde Leisure Group Limited

Notes to the Financial Statements

Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.
2. Statement of compliance
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'.
3. Accounting policies
Basis of preparation
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
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.
4. Investments

| Shares in group undertakings
| £
Cost |
At 1 April 2024 and 31 March 2025 | 100
| ----
Impairment |
At 1 April 2024 and 31 March 2025 | –
| ----

Carrying amount |
At 31 March 2025 | 100
| ----
At 31 March 2024 | 100
| ----

The £100 represents the entire share capital of Clyde Leisure Limited.
5. Debtors

| 2025 | 2024
| £ | £
Amounts owed by group undertakings | 26,674 | 26,674
Called up share capital not paid | 1,659 | 1,659
| -------- | --------
| 28,333 | 28,333
| -------- | --------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Accruals and deferred income | 840 | 840
Director loan accounts | 30,000 | 30,000
| -------- | --------
| 30,840 | 30,840
| -------- | --------

7. Director's advances, credits and guarantees
At the year end £30,000 was owed to Mrs Stokes. (2024: £30,000).
8. Related party transactions
During the year the company received dividends of £285,000 from its subsidiary, Clyde Leisure Limited. (2024: £185,000). At the year end £26,674 was owed from that company (2024: £26,674) During the year dividends of £275,000 were paid to Clyde Estates Limited. (2024: £175,000). At the year end £1,659 was owed from that company. (2024: £1,659).
9. Controlling party
The company is controlled by Mrs Harriet Stokes who holds 100 ordinary shares in the company. The company also issued 1 ordinary B share to Clyde Estates Limited.