The Royal Caledonian Curling Club - Accounts to registrar (filleted) - small 18.2

The Royal Caledonian Curling Club - Accounts to registrar (filleted) - small 18.2

THE ROYAL CALEDONIAN CURLING CLUB - Company Information

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REGISTERED NUMBER: SC232571 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2019

for

The Royal Caledonian Curling Club
The Royal Caledonian Curling Club (Registered number: SC232571)






Contents of the Financial Statements
for the Year Ended 30 April 2019




Page

Balance Sheet 1

Notes to the Financial Statements 3


The Royal Caledonian Curling Club (Registered number: SC232571)

Balance Sheet
30 April 2019

30.4.19 30.4.18
Notes £    £   
FIXED ASSETS
Tangible assets 4 46,530 41,456
Investments 5 30,209 30,209
76,739 71,665

CURRENT ASSETS
Stocks 8,056 1,895
Debtors 6 218,137 199,308
Cash at bank 252,108 156,294
478,301 357,497
CREDITORS
Amounts falling due within one year 7 (313,644 ) (217,202 )
NET CURRENT ASSETS 164,657 140,295
TOTAL ASSETS LESS CURRENT
LIABILITIES
241,396
211,960

RESERVES
Income and expenditure account 241,396 211,960
241,396 211,960

The notes form part of these financial statements

Page 1 continued...
The Royal Caledonian Curling Club (Registered number: SC232571)

Balance Sheet - continued
30 April 2019


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 27 May 2019 and were signed on its behalf by:





Mr R A Niven - Director


The notes form part of these financial statements

Page 2
The Royal Caledonian Curling Club (Registered number: SC232571)

Notes to the Financial Statements
for the Year Ended 30 April 2019

1. STATUTORY INFORMATION

The Royal Caledonian Curling Club is a private company, limited by guarantee, domiciled in Scotland, registration number
SC32571. The registered office is 2a Ochil House, Springkerse Business Park, Stirling, FK7 7XE.

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
Subscription income is recognised in the period in which the income is received and in the period in which the associated
expenditure occurs. All other income is accounted for when received or in relation to the period earned.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2.5% on cost
Plant and machinery - 25% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of
acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed
assets are depreciated to nil value.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items. Cost is represented by purchase price.

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.

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.

Page 3 continued...
The Royal Caledonian Curling Club (Registered number: SC232571)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2019

2. ACCOUNTING POLICIES - continued

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.

Legal status
The company is limited by guarantee. The liability of each member of the company, in the event of its winding up, is
limited to £1.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable
that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions
are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined
by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with
respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2018 - 18 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 May 2018 57,124 55,990 113,114
Additions - 10,133 10,133
At 30 April 2019 57,124 66,123 123,247
DEPRECIATION
At 1 May 2018 26,977 44,681 71,658
Charge for year 1,357 3,702 5,059
At 30 April 2019 28,334 48,383 76,717
NET BOOK VALUE
At 30 April 2019 28,790 17,740 46,530
At 30 April 2018 30,147 11,309 41,456

Page 4 continued...
The Royal Caledonian Curling Club (Registered number: SC232571)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2019

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 May 2018
and 30 April 2019 1 30,208 30,209
NET BOOK VALUE
At 30 April 2019 1 30,208 30,209
At 30 April 2018 1 30,208 30,209

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.19 30.4.18
£    £   
Trade debtors 28,575 21,615
Amounts owed by group undertakings - 17,000
Other debtors 189,562 160,693
218,137 199,308

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.19 30.4.18
£    £   
Trade creditors 19,235 27,928
Taxation and social security 10,215 -
Other creditors 284,194 189,274
313,644 217,202

Page 5