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 2020

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 2020




Page

Balance Sheet 1

Notes to the Financial Statements 3


The Royal Caledonian Curling Club (Registered number: SC232571)

Balance Sheet
30 April 2020

30.4.20 30.4.19
Notes £    £   
FIXED ASSETS
Tangible assets 4 45,367 46,530
Investments 5 1 1
45,368 46,531

CURRENT ASSETS
Stocks 6,510 8,056
Debtors 6 285,122 218,137
Investments 7 38,160 30,208
Cash at bank 601,477 252,108
931,269 508,509
CREDITORS
Amounts falling due within one year 8 (729,802 ) (313,644 )
NET CURRENT ASSETS 201,467 194,865
TOTAL ASSETS LESS CURRENT
LIABILITIES
246,835
241,396

RESERVES
Income and expenditure account 246,835 241,396
246,835 241,396

The notes form part of these financial statements

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

Balance Sheet - continued
30 April 2020


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 26 May 2020 and were
signed on its behalf by:





Mr G Lindsay - 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 2020

1. STATUTORY INFORMATION

The Royal Caledonian Curling Club is a private company, limited by guarantee, domiciled in Scotland,
registration number SC232571. The registered office is 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 2020

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.

Listed investments
Investments in listed shares are included at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2019 - 18 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 May 2019 57,124 66,123 123,247
Additions - 6,689 6,689
At 30 April 2020 57,124 72,812 129,936
DEPRECIATION
At 1 May 2019 28,334 48,383 76,717
Charge for year 1,428 6,424 7,852
At 30 April 2020 29,762 54,807 84,569
NET BOOK VALUE
At 30 April 2020 27,362 18,005 45,367
At 30 April 2019 28,790 17,740 46,530

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

Notes to the Financial Statements - continued
for the Year Ended 30 April 2020

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2019
and 30 April 2020 1
NET BOOK VALUE
At 30 April 2020 1
At 30 April 2019 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.20 30.4.19
£    £   
Trade debtors 33,659 28,575
Other debtors 251,463 189,562
285,122 218,137

7. CURRENT ASSET INVESTMENTS
30.4.20 30.4.19
£    £   
Listed investments 38,160 30,208

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.20 30.4.19
£    £   
Trade creditors 4,091 19,235
Taxation and social security 5,140 10,215
Other creditors 720,571 284,194
729,802 313,644

Page 5