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REGISTERED NUMBER: SC086251 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Edit 123 (Holdings) Ltd

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






Contents of the Financial Statements
for the Year Ended 31 May 2024




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 2024







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 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 169 315
169 315

CURRENT ASSETS
Debtors 6 268,932 330,924
Cash at bank 9 12
268,941 330,936
CREDITORS
Amounts falling due within one year 7 (13 ) (13 )
NET CURRENT ASSETS 268,928 330,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,097

331,238

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 (1,572 ) (1,426 )
Retained earnings 14,669 76,664
SHAREHOLDERS' FUNDS 269,097 331,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 2024


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 23 September 2024 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 2024

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 (2023 - NIL).

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

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 June 2023
and 31 May 2024 123,345
DEPRECIATION
At 1 June 2023
and 31 May 2024 123,345
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 4 311 315
Revaluations - (146 ) (146 )
At 31 May 2024 4 165 169
NET BOOK VALUE
At 31 May 2024 4 165 169
At 31 May 2023 4 311 315

Cost or valuation at 31 May 2024 is represented by:

Shares in
group Listed
undertakings investments Totals
£    £    £   
Valuation in 2024 - 165 165
Cost 4 - 4
4 165 169

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 268,932 330,924

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 13 13