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REGISTERED NUMBER: SC086251 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Edit 123 (Holdings) Ltd

Edit 123 (Holdings) Ltd (Registered number: SC086251)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Edit 123 (Holdings) Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Y McCalister



SECRETARY: Y McCalister



REGISTERED OFFICE: 123 Blythswood Street
Glasgow
G2 4EN



REGISTERED NUMBER: SC086251 (Scotland)



ACCOUNTANTS: McLay, McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF



BANKERS: Virgin Money
1 Causeyside Street
Paisley
PA1 1UW



SOLICITORS: R & J M Hill Brown & Co
3 Newton Place
Glasgow
G3 7PY

Edit 123 (Holdings) Ltd (Registered number: SC086251)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 315 349
315 349

CURRENT ASSETS
Debtors 6 330,924 392,924
Cash at bank 12 8
330,936 392,932
CREDITORS
Amounts falling due within one year 7 (13 ) (13 )
NET CURRENT ASSETS 330,923 392,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,238

393,268

CAPITAL AND RESERVES
Called up share capital 29,774 29,774
Share premium 181,418 181,418
Capital redemption reserve 44,808 44,808
Fair value reserve (1,426 ) (1,392 )
Retained earnings 76,664 138,660
SHAREHOLDERS' FUNDS 331,238 393,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Edit 123 (Holdings) Ltd (Registered number: SC086251)

Balance Sheet - continued
31 May 2023


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 director and authorised for issue on 13 October 2023 and were signed by:





Y McCalister - Director


Edit 123 (Holdings) Ltd (Registered number: SC086251)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Edit 123 (Holdings) Ltd is a private company, limited by shares , 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 as modified by the revaluation of certain assets.

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

Improvements to property - over 7 years from date of acquisition


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

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.

Investments
Listed investments are stated at market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Edit 123 (Holdings) Ltd (Registered number: SC086251)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 June 2022
and 31 May 2023 123,345
DEPRECIATION
At 1 June 2022
and 31 May 2023 123,345
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 June 2022 4 345 349
Revaluations - (34 ) (34 )
At 31 May 2023 4 311 315
NET BOOK VALUE
At 31 May 2023 4 311 315
At 31 May 2022 4 345 349

Cost or valuation at 31 May 2023 is represented by:

Shares in
group Listed
undertakings investments Totals
£    £    £   
Valuation in 2023 - 311 311
Cost 4 - 4
4 311 315

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 330,924 392,924

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other creditors 13 13