VISTABEE LIMITED


Director	WILLS, Robert Anthony Hamilton, The Hon


Registered Address	Orchard Brae House Suite 2 30
	Queensferry Road
	Edinburgh
	EH4 2HS


Registered Number	SC396140 (Scotland)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		78,236		101,452
Tangible assets	4		4,111		5,044
Investments	5		179		179
			82,526		106,675
Current assets
Debtors		2,805,234		2,808,868
Cash at bank and on hand		71,243		52,057
		2,876,477		2,860,925
Creditors amounts falling due within one year	6	(947,684)		(907,098)
Net current assets (liabilities)			1,928,793		1,953,827
Total assets less current liabilities			2,011,319		2,060,502
Net assets			2,011,319		2,060,502
Capital and reserves
Called up share capital			1,031		1,031
Share premium			112,439		112,439
Profit and loss account			1,897,849		1,947,032
Shareholders' funds			2,011,319		2,060,502

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 26 September 2025, and are signed on its behalf by:

WILLS, Robert Anthony Hamilton, The Hon
Director
Registered Company No. SC396140

VISTABEE LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Office Equipment	25

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	6		6

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 24	117,400	117,400
At 31 December 24	117,400	117,400
Amortisation and impairment
At 01 January 24	15,948	15,948
Charge for year	23,216	23,216
At 31 December 24	39,164	39,164
Net book value
At 31 December 24	78,236	78,236
At 31 December 23	101,452	101,452

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	64,517	64,517
Additions	438	438
At 31 December 24	64,955	64,955
Depreciation and impairment
At 01 January 24	59,473	59,473
Charge for year	1,371	1,371
At 31 December 24	60,844	60,844
Net book value
At 31 December 24	4,111	4,111
At 31 December 23	5,044	5,044

5.	Fixed asset investments
	Other investments other than loans

	Other investments¹	Total
	£	£
Cost or valuation
At 01 January 24	179	179
At 31 December 24	179	179
Net book value
At 31 December 24	179	179
At 31 December 23	179	179

	Notes
	¹Other investments other than loans

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	203,980	81,353
Bank borrowings and overdrafts	1,200	2,078
Amounts owed to related parties	615,250	699,102
Taxation and social security	14,840	112,342
Other creditors	108,143	1,923
Accrued liabilities and deferred income	4,271	10,300
Total	947,684	907,098

7.	Related party transactions
	The company is related to Vistabee Collective Ltd by virtue of common shareholders and directors. As at the balance sheet date, and included within debtors is an amount of £2,748,301 (2022: £2,659,675) owed from Vistabee Collective Limited. The company is related to Collective Capital Ltd by virtue of common shareholders and directors. As at the balance sheet date, and included in creditors is an amount of £4,977 (2023: £4,787) owed to Collective Capital Ltd. The company is related to Vistabee Inc by virtue of common shareholders and directors. As at the balance sheet date, and included within creditors is an amount of £610,273 (2023: £694,315) owed to Vistabee inc. During the year management charges of £0 (2023: £144,343) were charged to Vistabee Inc by Vistabee Ltd. As at 31 December 2024, the company owed £107,116 to the director. (2023: £0)

Related party transactions

The company is related to Vistabee Collective Ltd by virtue of common shareholders and directors. As at the balance sheet date, and included within debtors is an amount of £2,748,301  (2022: £2,659,675) owed from Vistabee Collective Limited.

The company is related to Collective Capital Ltd by virtue of common shareholders and directors. As at the balance sheet date, and included in creditors is an amount of £4,977 (2023: £4,787) owed to Collective Capital Ltd.

The company is related to Vistabee Inc by virtue of common shareholders and directors. As at the balance sheet date, and included within creditors is an amount of £610,273 (2023: £694,315) owed to Vistabee inc.  During the year management charges of £0  (2023: £144,343) were charged to Vistabee Inc by Vistabee Ltd.

As at 31 December 2024, the company owed £107,116 to the director. (2023: £0)