REGISTERED NUMBER: SC006728 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Kingsknowe Golf Club, Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G A Dobie

Ms F M Jackson-Smith

Mr M Forsyth

Mr B Gillespie

Mr R A Cowley

Mr D G Follett

Mr R Nolan

Mr A N Macdonald

Mr G Hill

REGISTERED OFFICE:

The Clubhouse

326 Lanark Rd

Edinburgh

EH14 2JD

REGISTERED NUMBER:

SC006728 (Scotland)

ACCOUNTANTS:

Cowan & Partners Limited

60 Constitution Street

Edinburgh

EH6 6RR

FIXED ASSETS

Tangible assets

4

945,838

908,046

Investments

5

437,595

397,539

1,383,433

1,305,585

CURRENT ASSETS

Stocks

7,685

11,513

Debtors

6

12,903

38,116

Cash at bank and in hand

175,377

271,852

195,965

321,481

CREDITORS

Amounts falling due within one year

7

197,031

196,544

NET CURRENT (LIABILITIES)/ASSETS

(1,066

)

124,937

TOTAL ASSETS LESS CURRENT LIABILITIES

1,382,367

1,430,522

CREDITORS

Amounts falling due after more than one year

8

28,634

7,421

NET ASSETS

1,353,733

1,423,101

RESERVES

Retained earnings

1,353,733

1,423,101

1,353,733

1,423,101

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.

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 G A Dobie - Director

1.	STATUTORY INFORMATION

Kingsknowe 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 (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Subscriptions income is recognised across the subscriptions year, with any amounts received in advance deferred until the year in which they relate.

Other income streams are recognised on receipt, net of VAT, when the club becomes entitled to the income.

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

-

2.5% on reducing balance and Not provided

Plant and machinery etc

-

10% on cost and 2% on cost

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

The company is exempt from tax to the extent that profits relate to its mutual trading activities. Where profits exceed this activity, tax is recognised as follows.

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 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 assets held by the company are such that a reliable estimate of their potential sales value cannot be obtained. For this reason, no deferred tax is provided for.

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.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

Hire purchase and leasing commitments

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

881,167

914,055

1,795,222

Additions

598

90,248

90,846

Disposals

-

(16,307

)

(16,307

)

At 31 December 2025

881,765

987,996

1,869,761

DEPRECIATION

At 1 January 2025

273,521

613,655

887,176

Charge for year

12,081

36,315

48,396

Eliminated on disposal

-

(11,649

)

(11,649

)

At 31 December 2025

285,602

638,321

923,923

NET BOOK VALUE

At 31 December 2025

596,163

349,675

945,838

At 31 December 2024

607,646

300,400

908,046

No indicators of impairment were noted in the year.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2025

397,539

Additions

336,118

Disposals

(333,490

)

Revaluations

31,867

Dividends received

5,561

At 31 December 2025

437,595

NET BOOK VALUE

At 31 December 2025

437,595

At 31 December 2024

397,539

Cost or valuation at 31 December 2025 is represented by:

Other

investments

£

Valuation in 2023

(19,433

)

Valuation in 2024

8,216

Valuation in 2025

22,619

Cost

426,193

437,595

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

-

8,449

Other debtors

12,903

29,667

12,903

38,116

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

6,071

2,820

Trade creditors

9,532

7,225

Taxation and social security

8,815

5,884

Other creditors

172,613

180,615

197,031

196,544

Included in Other Creditors is £9,154 for Junior Development and £2,955 for Schools Coaching. These amounts are restricted for these purposes.

Other creditors also includes £118,530 relating to subscriptions paid in advance.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

22,707

-

Other creditors

5,927

7,421

28,634

7,421

9.	MEMBERS' LIABILITY

The company is limited by guarantee, not having a share capital, and consequently the liability of members is limited. This is 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.