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Registration number: SC434404

Auld Reekie Tours Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Auld Reekie Tours Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 12

Auld Reekie Tours Ltd

Company Information

Director | Mr I W McKain

Registered office | 45 Niddry Street Edinburgh Midlothian EH1 1LG

Accountants | Stewart & Cumming Ltd 31-33 Bridge Street Musselburgh Midlothian EH21 6AA

Auld Reekie Tours Ltd

(Registration number: SC434404)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 337,194 | 312,099
Current assets |  |  |
Debtors | 6 | 68,862 | 60,445
Cash at bank and in hand |  | 1,486,426 | 1,188,748
|  | 1,555,288 | 1,249,193
Creditors: Amounts falling due within one year | 7 | (337,027) | (337,465)
Net current assets |  | 1,218,261 | 911,728
Total assets less current liabilities |  | 1,555,455 | 1,223,827
Creditors: Amounts falling due after more than one year | 7 | (833) | (10,833)
Provisions for liabilities |  | (22,049) | -
Net assets |  | 1,532,573 | 1,212,994
Capital and reserves |  |  |
Called up share capital | 8 | 10 | 10
Retained earnings |  | 1,532,563 | 1,212,984
Shareholders' funds |  | 1,532,573 | 1,212,994

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 October 2025

Auld Reekie Tours Ltd

(Registration number: SC434404)
Balance Sheet as at 31 March 2025

......................................... Mr I W McKain Director

Auld Reekie Tours Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
45 Niddry Street
Edinburgh
Midlothian
EH1 1LG
Scotland

The principal place of business is:
45 Niddry Street
Edinburgh
Midlothian
EH1 1LG
Scotland

These financial statements were authorised for issue by the director on 15 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Auld Reekie Tours Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% Reducing balance
Fixtures and fittings | 10% Straight line
Motor vehicles | 20% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Auld Reekie Tours Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Auld Reekie Tours Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2024 - 5).

Auld Reekie Tours Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2024 | 10,000 | 10,000
At 31 March 2025 | 10,000 | 10,000
Amortisation
At 1 April 2024 | 10,000 | 10,000
At 31 March 2025 | 10,000 | 10,000
Carrying amount
At 31 March 2025 | - | -

5 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Motor vehicles £
Cost or valuation
At 1 April 2024 | 247,600 | 1,683 | 19,811 | 63,090
Additions | - | - | 2,562 | 49,120
At 31 March 2025 | 247,600 | 1,683 | 22,373 | 112,210
Depreciation
At 1 April 2024 | - | 358 | 11,841 | 7,886
Charge for the year | - | 168 | 2,794 | 23,625
At 31 March 2025 | - | 526 | 14,635 | 31,511
Carrying amount
At 31 March 2025 | 247,600 | 1,157 | 7,738 | 80,699
At 31 March 2024 | 247,600 | 1,325 | 7,970 | 55,204

Auld Reekie Tours Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

| Total £
Cost or valuation
At 1 April 2024 | 332,184
Additions | 51,682
At 31 March 2025 | 383,866
Depreciation
At 1 April 2024 | 20,085
Charge for the year | 26,587
At 31 March 2025 | 46,672
Carrying amount
At 31 March 2025 | 337,194
At 31 March 2024 | 312,099

Included within the net book value of land and buildings above is £247,600 (2024 - £247,600) in respect of freehold land and buildings.

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 66,727 | 59,495
Prepayments | 2,135 | 950
| 68,862 | 60,445

Auld Reekie Tours Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 9,999 | 10,000
Taxation and social security |  | 236,004 | 219,817
Accruals and deferred income |  | 3,234 | 19,918
Other creditors |  | 87,790 | 87,730
|  | 337,027 | 337,465

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 833 | 10,833

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 10 | 10 | 10 | 10

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 833 | 10,833

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 9,999 | 10,000

10 | Dividends

Interim dividends paid

Auld Reekie Tours Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

|  | 2025 £ |  | 2024 £
Interim dividend of £16,700.00 (2024 - £3,000.00) per each Ordinary |  | 167,000 |  | 30,000

11 | Related party transactions

Auld Reekie Tours Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 103,258 | 77,405