REGISTERED NUMBER: SC797956 (Scotland)

Financial Statements For The Year Ended 31 March 2026

for

Elderslie Golf Club Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A J C Haldane

C A Robertson

P Hamilton

M R Miller

C Ferguson

E McMahon

J J McCuaig

J McCarrey

SECRETARY:

A J C Haldane

REGISTERED OFFICE:

63 Main Road

Elderslie

Johnstone

United Kingdom

PA5 9AZ

REGISTERED NUMBER:

SC797956 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Tangible assets

4

1,643,166

1,441,718

CURRENT ASSETS

Stocks

6,453

3,222

Debtors

5

393,796

45,014

Cash at bank and in hand

538,610

775,886

938,859

824,122

CREDITORS

Amounts falling due within one year

6

747,485

426,969

NET CURRENT ASSETS

191,374

397,153

TOTAL ASSETS LESS CURRENT LIABILITIES

1,834,540

1,838,871

CREDITORS

Amounts falling due after more than one year

7

(24,793

)

(39,781

)

PROVISIONS FOR LIABILITIES

(266,088

)

(266,087

)

NET ASSETS

1,543,659

1,533,003

RESERVES

Revaluation reserve

521,831

521,831

Income and expenditure account

1,021,828

1,011,172

1,543,659

1,533,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2026 and were signed on its behalf by:

A J C Haldane - Director

1.	STATUTORY INFORMATION

Elderslie Golf Club 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 as modified by the revaluation of certain assets.

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.

Buildings & fittings

-

2% - 10% on cost

Lockers

-

5% on cost

Greens equipment

-

20% on cost

Furniture, fittings & office equipment

-

20% on cost

Land is held at cost and not depreciated.

Stocks

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

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

In accordance with the company's Articles of Association, the company trades as a members club limited by

guarantee and is eligible for mutual trading status for taxation purposes. Accordingly, the company is exempt from tax on profits arising from mutual trading.

Corporation tax is payable on profits arising from investment and property income and on any chargeable gains as and when they arise.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 surplus or deficit 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2025 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Buildings

Land

& fittings

Lockers

£

£

£

COST OR VALUATION

At 1 April 2025

713,509

615,700

91,096

Additions

33,578

223,541

-

At 31 March 2026

747,087

839,241

91,096

DEPRECIATION

At 1 April 2025

-

19,333

76,633

Charge for period

-

16,301

4,516

At 31 March 2026

-

35,634

81,149

NET BOOK VALUE

At 31 March 2026

747,087

803,607

9,947

At 31 March 2025

713,509

596,367

14,463

Furniture,

fittings

Greens

& office

equipment

equipment

Totals

£

£

£

COST OR VALUATION

At 1 April 2025

304,130

96,846

1,821,281

Additions

1,273

5,541

263,933

At 31 March 2026

305,403

102,387

2,085,214

DEPRECIATION

At 1 April 2025

210,527

73,070

379,563

Charge for period

32,514

9,154

62,485

At 31 March 2026

243,041

82,224

442,048

NET BOOK VALUE

At 31 March 2026

62,362

20,163

1,643,166

At 31 March 2025

93,603

23,776

1,441,718

Cost or valuation at 31 March 2026 is represented by:

Buildings

Land

& fittings

Lockers

£

£

£

Valuation in 2024

675,000

325,000

-

Cost

72,087

514,241

91,096

747,087

839,241

91,096

Furniture,

fittings

Greens

& office

equipment

equipment

Totals

£

£

£

Valuation in 2024

-

-

1,000,000

Cost

305,403

102,387

1,085,214

305,403

102,387

2,085,214

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

350

-

Outstanding subscriptions

357,858

1,873

VAT

5,760

-

Sundry debtors and prepayments

29,828

43,141

393,796

45,014

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

14,986

14,986

Trade creditors

91,065

38,055

Tax

8,399

6,558

Social security and other taxes

5,830

3,327

VAT

-

106,075

Subscriptions in advance

539,612

201,883

Sundry creditors and accruals

87,593

56,085

747,485

426,969

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

24,793

39,781