LS Global Holdings Ltd (Formerly Location Scotland Holdings Ltd)
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. SC588538 (Scotland)
LS Global Holdings Ltd (Formerly Location Scotland Holdings Ltd)
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
LS Global Holdings Ltd (Formerly Location Scotland Holdings Ltd)
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
113,667
113,667
Investments
4
116
114
113,783
113,781
Current assets
Debtors
5
281,525
86,039
Cash at bank and in hand
10
299,998
281,535
386,037
Creditors: amounts falling due within one year
6
(395,014)
(495,014)
Net current liabilities
(113,479)
(108,977)
Net assets
304
4,804
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
204
4,704
Total equity
304
4,804

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

LS Global Holdings Ltd (Formerly Location Scotland Holdings Ltd)
Balance Sheet (Continued)
As at 31 December 2024
Page 2
The financial statements were approved by the board of directors and authorised for issue on 25 August 2025 and are signed on its behalf by:
Mrs M Owen
Director
Company Registration No. SC588538
LS Global Holdings Ltd (Formerly Location Scotland Holdings Ltd)
Notes to the Financial Statements
For the year ended 31 December 2024
Page 3
1
Accounting policies
Company information

LS Global Holdings Ltd (Formerly Location Scotland Holdings Ltd) is a private company limited by shares incorporated in Scotland. The registered office is 107 Constitution Street, Edinburgh, Scotland, EH6 7AE.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, and t he principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Database
10% Straight Line
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

LS Global Holdings Ltd (Formerly Location Scotland Holdings Ltd)
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 4

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was: 2 (202 3: 2)

3
Intangible fixed assets
Database
£
Cost
At 1 January 2024 and 31 December 2024
220,000
Amortisation and impairment
At 1 January 2024 and 31 December 2024
106,333
Carrying amount
At 31 December 2024
113,667
At 31 December 2023
113,667
Amortisation hasn't been provided for the period due to the stills database undergoing a revaluation.
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
116
114
LS Global Holdings Ltd (Formerly Location Scotland Holdings Ltd)
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
4
Fixed asset investments
(Continued)
Page 5
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2024
114
Additions
2
At 31 December 2024
116
Carrying amount
At 31 December 2024
116
At 31 December 2023
114
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
281,525
85,976
Other debtors
-
63
281,525
86,039
6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
395,014
495,014
7
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
10,000 ordinary shares of 1p each
100
100
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