Aberdeen Life Centre Ltd

	Page
Accountant's Report	1
Balance Sheet	2—3
Statement of Changes in Equity	4
Notes to the Financial Statements	5—6

In accordance with the engagement letter dated 01 July 2024, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this 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 director for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

22/09/2025

Airton Broomhill Consulting

ACCA

22 Dempster Street

Grandhome, Bridge of Don

Aberdeen

AB22 9AY

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Aberdeen Life Centre Ltd

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: SC399756

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		672,423		687,623

			672,423		687,623
CURRENT ASSETS
Debtors	5	111,168		201,399
Cash at bank and in hand		1,249		731

		112,417		202,130
Creditors: Amounts Falling Due Within One Year	6	(205,344 )		(163,279 )

NET CURRENT ASSETS (LIABILITIES)			(92,927 )		38,851

TOTAL ASSETS LESS CURRENT LIABILITIES			579,496		726,474

Creditors: Amounts Falling Due After More Than One Year	7		(489,073 )		(536,038 )

NET ASSETS			90,423		190,436

Income and Expenditure Account			90,423		190,436

MEMBERS' FUNDS			90,423		190,436

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Aberdeen Life Centre Ltd

Balance Sheet (continued)

As At 31 December 2024

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mrs Cynthia Oyinlola Ibojie

Director

22/09/2025

The notes on pages 5 to 6 form part of these financial statements.

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Aberdeen Life Centre Ltd

Statement of Changes in Equity

For The Year Ended 31 December 2024

Statement of Changes in Equity

	Income and Expenditure Account
	£
As at 1 January 2023	154,495
Profit for the year and total comprehensive income	35,941

As at 31 December 2023 and 1 January 2024	190,436


Loss for the year and total comprehensive income	(100,013 )

As at 31 December 2024	90,423

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Aberdeen Life Centre Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Aberdeen Life Centre Ltd is a private company, limited by guarantee, incorporated in Scotland, registered number SC399756 . The registered office is The Fathers House, Caroline Place, Aberdeen, AB25 2TH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

2% straight line

2.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income and expenditure account, directors report, and notes to the financial statements relating to the income and expenditure account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 2)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 January 2024	687,623

As at 31 December 2024	687,623

Depreciation
As at 1 January 2024	-
Provided during the period	15,200

As at 31 December 2024	15,200

Net Book Value
As at 31 December 2024	672,423

As at 1 January 2024	687,623

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Aberdeen Life Centre Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:

	Land & Property
	Freehold
	£
Cost	687,623
Accumulated depreciation and impairment	30,400

Carrying amount	657,223

5. Debtors

	2024	2023
	£	£
Due within one year
Due after more than one year
Other debtors	111,168	201,399

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	-	1,330
Accruals and deferred income	450	980
Director's loan account	204,894	160,969

	205,344	163,279

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	489,073	536,038

8. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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