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REGISTERED NUMBER: SC034867 (Scotland)

Financial Statements for the Year Ended 31 December 2025

for

Deeside Gliding Club (Aberdeenshire)

Limited

Deeside Gliding Club (Aberdeenshire)

Limited (Registered number: SC034867)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Deeside Gliding Club (Aberdeenshire)

Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | P J Faulkner

| R C Wilson

| S M Kenyon-Roberts

| T J Martin

| M A Recht

| S Whybrow

| B Davidson

| C Jordan

| SECRETARY: | P J Faulkner

| REGISTERED OFFICE: | Aboyne Airfield

| Dinnet

| Aboyne

| Aberdeenshire

| AB34 5LB

| REGISTERED NUMBER: | SC034867 (Scotland)

| ACCOUNTANTS: | Findlay Brown Ltd

| Chartered Certified Accountants

| 53 Huntly Street

| Aberdeen

| AB10 1TH

Deeside Gliding Club (Aberdeenshire)

Limited (Registered number: SC034867)

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 536,665 |  | 433,790 |  |

CURRENT ASSETS

Stocks | 23,548 |  | 21,558 |  |

Debtors | 5 | 41,994 |  | 35,288 |  |

Cash at bank | 6 | 204,018 |  | 285,165 |  |

269,560 |  | 342,011 |  |

CREDITORS

Amounts falling due within one year | 7 | 50,862 |  | 52,654 |  |

NET CURRENT ASSETS | 218,698 |  | 289,357 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 755,363 |  | 723,147 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 194 |  | 360 |  |

NET ASSETS | 755,169 |  | 722,787 |  |

RESERVES

Income and expenditure account | 755,169 |  | 722,787 |  |

755,169 |  | 722,787 |  |

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 surplus or deficit 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 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 20 March 2026 and were signed on its behalf by:

S Whybrow - Director

Deeside Gliding Club (Aberdeenshire)

Limited (Registered number: SC034867)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Deeside Gliding Club (Aberdeenshire) 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.

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.

| Turnover

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

| Tangible fixed assets

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

| Land and buildings | - | straight line over ground lease

| Plant and machinery etc | - | at varying rates on cost

| Stocks

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

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 90,211 |  | 675,984 |  | 766,195 |  |

| Additions | - |  | 136,499 |  | 136,499 |  |

| Disposals | - |  | (1,000 | ) | (1,000 | ) |

| At 31 December 2025 | 90,211 |  | 811,483 |  | 901,694 |  |

| DEPRECIATION

| At 1 January 2025 | 90,211 |  | 242,194 |  | 332,405 |  |

| Charge for year | - |  | 33,466 |  | 33,466 |  |

| Eliminated on disposal | - |  | (842 | ) | (842 | ) |

| At 31 December 2025 | 90,211 |  | 274,818 |  | 365,029 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | 536,665 |  | 536,665 |  |

| At 31 December 2024 | - |  | 433,790 |  | 433,790 |  |

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

| Debtors includes prepayment of Insurance for 2025 cover (£30532), Tug Warranty (£2462), members' balance (£7325) and rent prepayment (£1675).

Deeside Gliding Club (Aberdeenshire)

Limited (Registered number: SC034867)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

6. | CASH AT BANK

| Cash at Bank is £204,018, but ideally we aim to have reserved funds of £222,000 for the replacement of depreciated equipment and other capital projects during 2026-2029 that the Club requires to budget for on a long-term basis in order to ensure continued future, sustainable operations.

| Club officials maintain a list of future capital expenditure requirements funded by the depreciation of existing assets, currently totalling £312,000 for the next 10 years.

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 11,152 |  | 10,339 |  |

| Other creditors | 39,710 |  | 42,315 |  |

50,862 |  | 52,654 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Other creditors | 194 |  | 360 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.12.25 |  | 31.12.24

£ | £ |

| Within one year | 4,500 |  | 4,500 |  |

| Between one and five years | 18,000 |  | 18,000 |  |

| In more than five years | 24,750 |  | 29,250 |  |

47,250 |  | 51,750 |  |

10. | LIMITED BY GUARANTEE

| The status of the company is that of company limited by guarantee not having a share capital.

| The liability of individual members is limited to an amount not exceeding £1.

| Where the financial statements refer to officials of the company it should be noted that these individuals constitute directors of the company for Companies Act purposes.