Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-262024-03-26truetruetruetruetrue2023-03-27false28truefalse SC144546 2023-03-27 2024-03-26 SC144546 2022-03-28 2023-03-26 SC144546 2024-03-26 SC144546 2023-03-26 SC144546 2 2023-03-27 2024-03-26 SC144546 2 2022-03-28 2023-03-26 SC144546 d:CompanySecretary1 2023-03-27 2024-03-26 SC144546 d:Director1 2023-03-27 2024-03-26 SC144546 d:Director2 2023-03-27 2024-03-26 SC144546 d:RegisteredOffice 2023-03-27 2024-03-26 SC144546 e:CurrentFinancialInstruments 2024-03-26 SC144546 e:CurrentFinancialInstruments 2023-03-26 SC144546 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-26 SC144546 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-26 SC144546 e:ReportableOperatingSegment2 2023-03-27 2024-03-26 SC144546 e:ReportableOperatingSegment2 2022-03-28 2023-03-26 SC144546 e:RetainedEarningsAccumulatedLosses 2023-03-27 2024-03-26 SC144546 e:RetainedEarningsAccumulatedLosses 2024-03-26 SC144546 e:RetainedEarningsAccumulatedLosses 2023-03-26 SC144546 d:EntityNoLongerTradingButTradedInPast 2023-03-27 2024-03-26 SC144546 d:FRS102 2023-03-27 2024-03-26 SC144546 d:Audited 2023-03-27 2024-03-26 SC144546 d:FullAccounts 2023-03-27 2024-03-26 SC144546 d:CompanyLimitedByGuarantee 2023-03-27 2024-03-26 iso4217:GBP xbrli:pure


Registered number: SC144546












THE BIG ISSUE IN SCOTLAND LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE 52 WEEK PERIOD ENDED 26 MARCH 2024

 

THE BIG ISSUE IN SCOTLAND LIMITED

CONTENTS



Page
Company information
 
1
Directors' report
 
2
Directors' responsibilities statement
 
3
Independent auditor's report
 
4 - 7
Profit and loss account
 
8
Balance sheet
 
9
Notes to the financial statements
 
10 - 17


 

THE BIG ISSUE IN SCOTLAND LIMITED
 
COMPANY INFORMATION


Directors
P Bird 
N I Kershaw 




Company secretary
S Stead



Registered number
SC144546



Registered office
43 Bath Street

Glasgow

G2 1HW




Independent auditor
Blick Rothenberg Audit LLP
Chartered Accountants & Statutory Auditor

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1

 

THE BIG ISSUE IN SCOTLAND LIMITED

DIRECTORS' REPORT
FOR THE 52 WEEK PERIOD ENDED 26 MARCH 2024

The directors present their report and the financial statements for the 52 week period ended 26 March 2024.

Principal activity

The company's principal activity is the production and distribution of a publication for sale by the homeless. From the year end date the company remained dormant for the whole period.

Dividends

The profit for the 52 week period, after taxation, amounted to £nil (2023 - £33,196)
No dividend was paid during the period and the directors do not a recommend payment of a dividend (2023 - £Nil).

Directors

The directors who served during the 52 week period were:

P Bird 
N I Kershaw 

Qualifying third party indemnity provisions

As permitted by the Articles of Association, the directors have the benefit of an indemnity which is a qualifying third party indemnity provision as defined by Section 234 of the Companies Act 2006. The indemnity was in force throughout the last financial period and is currently in force. The company also purchased and maintained throughout the financial period director's and officer's liability insurance in respect of itself and its directors. 

Disclosure of information to auditor

Each of the persons who are directors at the time when this directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the company's auditor is unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 414B of the Companies Act 2006. 

Auditor

The auditor, Blick Rothenberg Audit LLPwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





N I Kershaw
Director

Date: 25 March 2025

Page 2

 

THE BIG ISSUE IN SCOTLAND LIMITED
 
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE 52 WEEK PERIOD ENDED 26 MARCH 2024

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

 In preparing these financial statements, the directors are required to:

select suitable accounting policies for the company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;


prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

 

THE BIG ISSUE IN SCOTLAND LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BIG ISSUE IN SCOTLAND LIMITED
 FOR THE 52 WEEK PERIOD ENDED 26 MARCH 2024

Opinion


We have audited the financial statements of The Big Issue in Scotland Limited (the 'company') for the 52 week period ended 26 March 2024, which comprise the profit and loss account, the balance sheet and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the company's affairs as at 26 March 2024 and of its result for the 52 week period then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Emphasis of matter - financial statements prepared on a basis other than going concern


We draw attention to note 2.3 to the financial statements which explains that the directors intend to keep the company active, however it remained dormant during the period and will continue to do so for the forseeable future. Therefore, the directors' do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in note 2.3. Our opinion is not modified in respect of this matter. 













Page 4

 

THE BIG ISSUE IN SCOTLAND LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BIG ISSUE IN SCOTLAND LIMITED (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 26 MARCH 2024

Other information


The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual reportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the directors' report for the financial 52 week period for which the financial statements are prepared is consistent with the financial statements; and
the directors' report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a strategic report.


Responsibilities of directors
 

As explained more fully in the directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.


Page 5

 

THE BIG ISSUE IN SCOTLAND LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BIG ISSUE IN SCOTLAND LIMITED (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 26 MARCH 2024

Auditor's responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
 
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company's sector;
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, employment and health and safety legislation;
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
 
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
 
performed analytical procedures to identify any unusual or unexpected relationships; and
investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
 
agreeing financial statement disclosures to underlying supporting documentation; and
enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.


 
Page 6

 

THE BIG ISSUE IN SCOTLAND LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BIG ISSUE IN SCOTLAND LIMITED (CONTINUED)
FOR THE 52 WEEK PERIOD ENDED 26 MARCH 2024

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.


Use of our report
 

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Darsh Shah (senior statutory auditor)
  
for and on behalf of
Blick Rothenberg Audit LLP
 
Chartered Accountants
Statutory Auditor
  
16 Great Queen Street
Covent Garden
London
WC2B 5AH

 
Date: 
25 March 2025
Page 7

 

THE BIG ISSUE IN SCOTLAND LIMITED
 
PROFIT AND LOSS ACCOUNT
FOR THE 52 WEEK PERIOD ENDED 26 MARCH 2024

52 week period ended
26 March
52 week period ended
26 March
2024
2023
Note
£
£

  

Turnover
 3 
-
424,349

Cost of sales
  
-
(99,770)

Gross profit
  
-
324,579

Administrative expenses
  
-
(369,922)

Other operating income
 4 
-
8,000

Operating loss
 5 
-
(37,343)

Tax on loss
  
-
4,147

Loss for the financial 52 week period
  
-
(33,196)

There are no items of other comprehensive income for either the period or the prior period other than the result/(loss) for the period. Accordingly, no statement of other comprehensive income has been presented.

Page 8


 
REGISTERED NUMBER:SC144546
THE BIG ISSUE IN SCOTLAND LIMITED

BALANCE SHEET
AS AT 26 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 8 
4,147
4,147

Cash at bank and in hand
  
14,607
289,944

  
18,754
294,091

Creditors: amounts falling due within one year
 9 
(18,940)
(294,277)

Net current liabilities
  
 
 
(186)
 
 
(186)

Total assets less current liabilities
  
(186)
(186)

  

Net liabilities
  
(186)
(186)


Capital and reserves
  

Profit and loss account
 11 
(186)
(186)

  
(186)
(186)




The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 March 2025.




N I Kershaw
Director

The notes on pages 10 to 17 form part of these financial statements.

Page 9

 

THE BIG ISSUE IN SCOTLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEK PERIOD ENDED 26 MARCH 2024

1.


General information

The Big Issue in Scotland Limited is a private company limited by guarantee incorporated in England and Wales. The address of its registered office is 43 Bath Street, Glasgow, G2 1HW.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Big Issue Group Holdings Limited as at 31 March 2024 and these financial statements may be obtained from 113-115 Fonthill Road, London, N4 3HH.

 
2.3

Going concern

The directors intend to keep the company active, however it remained dormant during the period and will continue to do so for the forseeable future. Accordingly, the financial statements have been prepared on a basis other than going concern. 

  
2.4

Revenue

Revenue represents amounts receivable in the ordinary course of business in respect of advertising turnover, the sale of publications, other complementary activities, excluding valued added tax and grant income.
Turnover is recognised in line with the time period in which the publication or service is delivered.

Page 10

 

THE BIG ISSUE IN SCOTLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEK PERIOD ENDED 26 MARCH 2024

2.Accounting policies (continued)

  
2.5

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 
Financial assets
Basic financial assets, including other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Financial liabilities
Basic financial liabilities, including other creditors and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 
For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. 



 
Page 11

 

THE BIG ISSUE IN SCOTLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEK PERIOD ENDED 26 MARCH 2024

2.Accounting policies (continued)

Financial instruments (continued)
Impairment of financial assets (continued)
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. 
Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


 
2.6

Cash at bank

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 12

 

THE BIG ISSUE IN SCOTLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEK PERIOD ENDED 26 MARCH 2024

2.Accounting policies (continued)

 
2.8

Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
Current tax is the amount of income tax payable in respect of taxable profit for the period or prior period.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 13

 

THE BIG ISSUE IN SCOTLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEK PERIOD ENDED 26 MARCH 2024

3.


Turnover

An analysis of turnover by class of business is as follows:


52 week period ended
26 March
52 week period ended
26 March
2024
2023
£
£

Turnover
-
389,349

Custom publishing
-
35,000

-
424,349


All turnover arose within the United Kingdom.


4.


Other operating income

52 week period ended
26 March
52 week period ended
26 March
2024
2023
£
£

Desk license income
-
8,000



5.


Operating loss

The operating loss is stated after charging:

52 week period ended
26 March
52 week period ended
26 March
2024
2023
£
£

Depreciation of tangible fixed assets
-
876

Other operating lease rentals
-
37,344

Page 14

 

THE BIG ISSUE IN SCOTLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEK PERIOD ENDED 26 MARCH 2024

6.


Auditor's remuneration

During the 52 week period, the company obtained the following services from the company's auditor:


52 week period ended
26 March
52 week period ended
26 March
2024
2023
£
£

Fees payable to the company's auditor for the audit of the company's financial statements - settled by group entity

3,000
5,000

The company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent company.


7.


Employees

52 week period ended
26 March
52 week period ended
26 March
2024
2023
£
£

Wages and salaries
-
237,249

Social security costs
-
20,328

Cost of defined contribution scheme
-
6,931

-
264,508


The average monthly number of employees, including the directors, during the 52 week period was as follows:


52 week period ended
       26 March
52 week period ended
        26 March
        2024
        2023
            No.
            No.







Employees
-
6



Directors
2
2

2
8

Page 15

 

THE BIG ISSUE IN SCOTLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEK PERIOD ENDED 26 MARCH 2024

8.


Debtors

2024
2023
£
£


Tax recoverable
4,147
4,147



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
18,940
294,277


Amounts owed to group undertakings are interest free, have no fixed repayment date and are repayable on demand. 


10.Directors' personal guarantees

The liability of members is limited. In the event of the Company being wound up during a member's period of membership, or within one year afterwards, an amount not exceeding £5 may be required from that member towards the payment of the debts or liabilities of the Company incurred before membership ceased. As at 26 March 2024 the Company had 1 member (2023 - 1 member), The Big Issue Media Limited.


11.


Reserves

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses. 



12.


Liability of members

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £5 towards the assets of the Company in the event of liquidation.


13.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £nil (2023 - £3,722). Contributions totalling £nil (2023 - £nil) were payable to the fund at the balance sheet date and are included in creditors.

Page 16

 

THE BIG ISSUE IN SCOTLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE 52 WEEK PERIOD ENDED 26 MARCH 2024

14.


Related party transactions

The company has taken advantage of the exemption contained in FRS102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group. 


15.


Controlling party

The immediate parent undertaking is Big Issue Media Limited.
The parent undertaking of the smallest group of undertakings for which group financial statements are drawn up and of which the company is a member is Big Issue Group Holdings Limited, whose registered office is at 113-115 Fonthill Road, Finsbury Park, London, United Kingdom, N4 3HH. Copies of these group financial statements are available to the public from its registered office.
The ultimate parent company is Big Issue Group Holdings Limited, a company incorporated in England and Wales. 

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