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Company No: SC634022 (Scotland)

# ZERO EMISSION EDINBURGH LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH THE REGISTRAR

ZERO EMISSION EDINBURGH LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025

Contents

ZERO EMISSION EDINBURGH LIMITED

## BALANCE SHEET

AS AT 30 JUNE 2025
ZERO EMISSION EDINBURGH LIMITED

## BALANCE SHEET (continued)

AS AT 30 JUNE 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 453,230 |  | 453,230
|  | 453,230 |  | 453,230
Current assets |  |  |  |
Debtors | 4 | 1,522 |  | 142
Investments | 5 | 146,408 |  | 141,802
Cash at bank and in hand |  | 14,061 |  | 12,258
|  | 161,991 |  | 154,202
Creditors: amounts falling due within one year | 6 | ( 229,670) |  | ( 264,091)
Net current liabilities |  | (67,679) |  | (109,889)
Total assets less current liabilities |  | 385,551 |  | 343,341
Creditors: amounts falling due after more than one year | 7 | ( 292,551) |  | ( 246,836)
Provision for liabilities |  | ( 6,974) |  | ( 5,822)
Net assets |  | 86,026 |  | 90,683
Capital and reserves |  |  |  |
Called-up share capital | 8 | 32,000 |  | 32,000
Profit and loss account |  | 54,026 |  | 58,683
Total shareholders' funds |  | 86,026 |  | 90,683

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Zero Emission Edinburgh Limited (registered number: SC634022) were approved and authorised for issue by the Board of Directors on 06 October 2025. They were signed on its behalf by:

Mr T Barlow Director |

ZERO EMISSION EDINBURGH LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025
ZERO EMISSION EDINBURGH LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Zero Emission Edinburgh Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is First Floor The Stack, 1 Papermill Wynd, Edinburgh, EH7 4QL, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents amounts receivable for property rental, and is shown net of VAT and other sales related taxes.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a 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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, 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. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year | 2 |  | 2

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 July 2024 | 453,230
As at 30 June 2025 | 453,230

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 1,522 |  | 142

#### 5. Current asset investments

| 2025 |  | 2024
| £ |  | £
Listed investments – at fair value | 147,573 |  | 141,802

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 2,000 |  | 33,495
Trade creditors | 660 |  | 147
Taxation and social security | 7,546 |  | 11,427
Other creditors | 219,464 |  | 219,022
| 229,670 |  | 264,091

The bank loan is secured by a fixed and floating charge over the company's assets.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 48,390 |  | 246,836
Other creditors | 244,161 |  | 0
| 292,551 |  | 246,836

The bank loan is secured by a fixed and floating charge over the company's assets.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
11,200 Ordinary A shares of £ 1.00 each | 11,200 |  | 11,200
11,200 Ordinary B shares of £ 1.00 each | 11,200 |  | 11,200
3,200 Ordinary C shares of £ 1.00 each | 3,200 |  | 3,200
3,200 Ordinary D shares of £ 1.00 each | 3,200 |  | 3,200
3,200 Ordinary E shares of £ 1.00 each | 3,200 |  | 3,200
| 32,000 |  | 32,000