| Registered number: SC475222 | ||||||||
| FOR THE YEAR ENDED 31 JULY 2025 | ||||||||
| City (Scotland) Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 31 JULY 2025 | ||||||||
| DIRECTOR | ||||||||
| REGISTERED OFFICE | ||||||||
| City of Edinburgh | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in SC - Scotland, registered number SC475222 | ||||||||
| ACCOUNTANTS | ||||||||
| Hodgson and Company | ||||||||
| 16 Barnes Green | ||||||||
| Livingston | ||||||||
| West Lothian | ||||||||
| EH54 8PP | ||||||||
| City (Scotland) Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED31 JULY 2025 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| City (Scotland) Limited | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2025 | 2024 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Intangible assets | 3 | |||||||||
| Tangible assets | 4 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors | 5 | |||||||||
| Cash at bank and in hand | ||||||||||
| 476,483 | 494,544 | |||||||||
| CREDITORS: Amounts falling due within one year | 6 | |||||||||
| NET CURRENT ASSETS | 222,831 | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CREDITORS: Amounts falling due after more than one year | 7 | 233,136 | 316,562 | |||||||
| PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | ||||||||||
| Profit and loss account | 176,992 | 131,047 | ||||||||
| SHAREHOLDER'S FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| City (Scotland) Limited | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31 JULY 2025 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting FRS 1021 a | ||||||||
| The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . The accounts have been prepared under the historical cost convention. | ||||||||
| 1b. Depreciation | ||||||||
| Fixtures and Fittings | straight line 15% | |||||||
| Equipment | straight line 25% | |||||||
| 1c. Pension Costs | ||||||||
| The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. | ||||||||
| 1d. Goodwill | ||||||||
| 1e. Government Grants | ||||||||
| Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment. | ||||||||
| Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate. | ||||||||
| 1f. Statutory Information |
| City (Scotland) Limited | ||||||||
| 1h. Computer Development | ||||||||
| Expenditure on research activities is recognised as an expense in the period in which it is incurred and is only incurred in respect of the company's software platform. | ||||||||
| Development expenditure incurred on computer software is capitalised as an intangible asset only when all of the following criteria are met: (a) it is technically feasible to complete the intangible asset and use or sell it; (b) there is the intention to complete the intangible asset and use or sell it; (c) there is the ability to use or sell the intangible asset; (d) the use or sale of the intangible asset will generate probable future economic benefits; (e) there are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and (f) the expenditure attributable to the intangible asset during its development can be measured reliably. | ||||||||
| The amount initially recognised for intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the criteria listed above. Where no intangible asset can be recognised, development expenditure is recognised in the profit and loss in the period in which it is incurred. Subsequent to initial recognition, intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses. The useful life over which computer software is amortised is ten years. | ||||||||
| 1i. 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 fom 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 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. | ||||||||
| 1j. Hire Purchase And Leasing Commitments | ||||||||
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. | ||||||||
| 1k. Pension Costs And Other Postretirement Benefits | ||||||||
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. | ||||||||
| 2. EMPLOYEES | ||||||
| 2025 | 2024 | |||||
| No. | No. | |||||
| Average number of employees | 4 | |||||
| City (Scotland) Limited | ||||||||
| 3. INTANGIBLE FIXED ASSETS | ||||||
| Purchased | Computer | |||||
| Goodwill | development | Total | ||||
| £ | £ | £ | ||||
| Cost | ||||||
| At 1 August 2024 | 1,000,000 | 360,404 | 1,360,404 | |||
| Additions | - | 39,523 | 39,523 | |||
| At 31 July 2025 | 1,000,000 | 399,927 | 1,399,927 | |||
| Depreciation | ||||||
| At 1 August 2024 | 1,000,000 | 149,631 | 1,149,631 | |||
| For the year | - | 36,042 | 36,042 | |||
| At 31 July 2025 | 1,000,000 | 185,673 | 1,185,673 | |||
| Net Book Amounts | ||||||
| At 31 July 2025 | ||||||
| At 31 July 2024 | ||||||
| 4. TANGIBLE FIXED ASSETS | ||||||||
| Fixtures | ||||||||
| and Fittings | Equipment | Motor Cars | Total | |||||
| £ | £ | £ | £ | |||||
| Cost | ||||||||
| At 1 August 2024 | 10,460 | 18,074 | 7,000 | 35,534 | ||||
| Additions | 2,124 | - | 6,562 | 8,686 | ||||
| At 31 July 2025 | 12,584 | 18,074 | 13,562 | 44,220 | ||||
| Depreciation | ||||||||
| At 1 August 2024 | 5,253 | 13,806 | - | 19,059 | ||||
| For the year | 1,102 | 1,069 | - | 2,171 | ||||
| At 31 July 2025 | 6,355 | 14,875 | - | 21,230 | ||||
| Net Book Amounts | ||||||||
| At 31 July 2025 | 22,990 | |||||||
| At 31 July 2024 | 16,475 | |||||||
| 5. DEBTORS | 2025 | 2024 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 41,472 | 37,008 | ||||||
| Other debtors | 384,210 | 457,286 | ||||||
| 425,682 | 494,294 | |||||||
| City (Scotland) Limited | ||||||||
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Bank loans and overdrafts | - | 21,164 | ||||||
| Bank loans | 161,603 | 137,491 | ||||||
| Trade creditors | 8,986 | 12,084 | ||||||
| Taxation and social security | 93,745 | 93,667 | ||||||
| Accrued expenses | 36,795 | 7,307 | ||||||
| 301,129 | 271,713 | |||||||
| 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Bank loans | 233,136 | 316,562 | ||||||
| 233,136 | 316,562 | |||||||
| 8. PROVISIONS FOR LIABILITIES | 2025 | 2024 | ||||||
| £ | £ | |||||||
| Deferred taxation | 2,370 | 2,370 | ||||||
| 2,370 | 2,370 | |||||||
| 9. SECURED DEBTS | ||||||||
| The company has granted a floating charge over all the property and undertakings of the company to The Royal Bank of Scotland PLC. | ||||||||