IRIS Accounts Production v26.1.0.640 SC747986 Board of Directors Board of Directors 1.1.25 31.12.25 31.12.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC747986 2024-12-31 SC747986 2025-12-31 SC747986 2025-01-01 2025-12-31 SC747986 2023-12-31 SC747986 2024-01-01 2024-12-31 SC747986 2024-12-31 SC747986 ns15:Scotland 2025-01-01 2025-12-31 SC747986 ns14:PoundSterling 2025-01-01 2025-12-31 SC747986 ns10:Director1 2025-01-01 2025-12-31 SC747986 ns10:Director2 2025-01-01 2025-12-31 SC747986 ns10:CompanyLimitedByGuarantee 2025-01-01 2025-12-31 SC747986 ns10:SmallEntities 2025-01-01 2025-12-31 SC747986 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 SC747986 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 SC747986 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC747986 ns10:FullAccounts 2025-01-01 2025-12-31 SC747986 ns10:Director3 2025-01-01 2025-12-31 SC747986 ns10:Director6 2025-01-01 2025-12-31 SC747986 ns10:Director7 2025-01-01 2025-12-31 SC747986 ns10:Director8 2025-01-01 2025-12-31 SC747986 ns10:Director9 2025-01-01 2025-12-31 SC747986 ns10:Director10 2025-01-01 2025-12-31 SC747986 ns10:Director11 2025-01-01 2025-12-31 SC747986 ns10:Director12 2025-01-01 2025-12-31 SC747986 ns10:CompanySecretary1 2025-01-01 2025-12-31 SC747986 ns10:RegisteredOffice 2025-01-01 2025-12-31 SC747986 ns5:CurrentFinancialInstruments 2025-12-31 SC747986 ns5:CurrentFinancialInstruments 2024-12-31 SC747986 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-12-31 SC747986 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 SC747986 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 SC747986 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC747986 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2025-01-01 2025-12-31 SC747986 ns5:PlantMachinery 2025-01-01 2025-12-31 SC747986 ns5:FurnitureFittings 2025-01-01 2025-12-31 SC747986 ns5:LandBuildings 2024-12-31 SC747986 ns5:PlantMachinery 2024-12-31 SC747986 ns5:FurnitureFittings 2024-12-31 SC747986 ns5:LandBuildings 2025-01-01 2025-12-31 SC747986 ns5:LandBuildings 2025-12-31 SC747986 ns5:PlantMachinery 2025-12-31 SC747986 ns5:FurnitureFittings 2025-12-31 SC747986 ns5:LandBuildings 2024-12-31 SC747986 ns5:PlantMachinery 2024-12-31 SC747986 ns5:FurnitureFittings 2024-12-31 SC747986 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 SC747986 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31

REGISTERED NUMBER: SC747986 (Scotland)

| Unaudited Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| Crail Golfing Society Limited |

| Crail Golfing Society Limited (Registered number: SC747986) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Crail Golfing Society Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | Dr E M J Green

| Dr A Kyle

| Mr D J Mackay

| Mr S McLennan

| Mr J M B Stewart

| Major B A Boyter

| Dr E Macdonald

| Mr D Park

| Mr R Parr

| Mrs F Boyle

| SECRETARY: | Mr D J Roy

| REGISTERED OFFICE: | Balcomie Clubhouse

| Crail

| Anstruther

| Fife

| KY10 3XN

| REGISTERED NUMBER: | SC747986 (Scotland)

| ACCOUNTANTS: | Henderson Black & Co

| Chartered Accountants

| 28 Rodger Street

| Anstruther

| Fife

| KY10 3DU

| Crail Golfing Society Limited (Registered number: SC747986) |

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 4,227,645 |  | 4,246,835 |  |

CURRENT ASSETS

Stocks | 128,666 |  | 118,180 |  |

Debtors | 5 | 151,233 |  | 134,163 |  |

Cash at bank and in hand | 3,106,417 |  | 2,298,898 |  |

3,386,316 |  | 2,551,241 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,612,884 |  | 1,202,969 |  |

NET CURRENT ASSETS | 1,773,432 |  | 1,348,272 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,001,077 |  | 5,595,107 |  |

PROVISIONS FOR LIABILITIES | 90,020 |  | 130,811 |  |

NET ASSETS | 5,911,057 |  | 5,464,296 |  |

RESERVES

Incorporation reserve | 4,423,274 |  | 4,423,274 |  |

Retained earnings | 1,487,783 |  | 1,041,022 |  |

5,911,057 |  | 5,464,296 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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.

| Crail Golfing Society Limited (Registered number: SC747986) |

Balance Sheet - continued

31 December 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2026 and were signed on its behalf by:

Mr D J Mackay - Director

Dr E M J Green - Director

| Crail Golfing Society Limited (Registered number: SC747986) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Crail Golfing Society Limited is a private company, limited by guarantee , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| All the assets of the Unincorporated Association, Crail Golfing Society, were transferred to the Company when it ceased. The directors are unable to determine the fair value of all assets due to the lack of comparable market information and therefore the assets have been transferred at the carrying value per the final accounts of the Unincorporated Association.

| The financial statements have been prepared under the historical cost convention, modified where applicable to include fixed assets at fair value. The principle accounting policies are set out below.

| Significant judgements and estimates

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Crail Golfing Society Limited (Registered number: SC747986) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Land and buildings | - | 0%-2% straight line

| Plant and machinery | - | 2.5%-25% straight line

| Fixtures and fittings | - | 10%-25% straight line

| Freehold land is not depreciated. Included within fixtures and fittings is an antique book with a carrying value of £1,500 which is not depreciated.

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the surplus or deficit for the year.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling prices less costs to complete and sell is recognised as an impairment loss in the profit or loss.

| Financial instruments

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Basic financial liabilities

| Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities where payment is due within one year or less, recognised at transaction price.

| Crail Golfing Society Limited (Registered number: SC747986) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| The charge is based on the liability to pay corporation tax on "non-member activities".

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

| Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

| If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in the profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

| Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

| Crail Golfing Society Limited (Registered number: SC747986) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 46 (2024 - 45 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Land and |  | Plant and |  | and |

| buildings |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025 | 2,903,869 |  | 1,523,445 |  | 211,120 |  | 4,638,434 |  |

| Additions | 30,800 |  | 241,157 |  | 30,992 |  | 302,949 |  |

| Disposals | - |  | (61,056 | ) | (10,300 | ) | (71,356 | ) |

| At 31 December 2025 | 2,934,669 |  | 1,703,546 |  | 231,812 |  | 4,870,027 |  |

| DEPRECIATION

| At 1 January 2025 | 49,994 |  | 269,226 |  | 72,379 |  | 391,599 |  |

| Charge for year | 27,125 |  | 215,594 |  | 42,557 |  | 285,276 |  |

| Eliminated on disposal | - |  | (33,113 | ) | (1,380 | ) | (34,493 | ) |

| At 31 December 2025 | 77,119 |  | 451,707 |  | 113,556 |  | 642,382 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,857,550 |  | 1,251,839 |  | 118,256 |  | 4,227,645 |  |

| At 31 December 2024 | 2,853,875 |  | 1,254,219 |  | 138,741 |  | 4,246,835 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 520 |  | 839 |  |

| Prepayments | 150,713 |  | 133,324 |  |

151,233 |  | 134,163 |  |

| Crail Golfing Society Limited (Registered number: SC747986) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 73,430 |  | 56,198 |  |

| Corporation tax | 128,212 |  | 101,950 |  |

| Social security and other taxes | 23,742 |  | 23,553 |  |

| VAT | 11,525 |  | 15,761 |  |

| Accrued expenses | 24,581 |  | 29,429 |  |

| Deferred income | 1,351,394 |  | 976,078 |  |

1,612,884 |  | 1,202,969 |  |

7. | CAPITAL COMMITMENTS

| Capital expenditure contracted for but not provided in the financial statements at 31 December 2025 amounted to £479,027 (excluding VAT) (2024: nil) in respect of the construction of a practice and performance hub. On 19 November 2025 the Club, through its property consultants, accepted a tender from Algo (Blairgowrie) Ltd for the works required.