REGISTERED NUMBER: SC372097 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

SUMMER IN THE CITY LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

3,125

19

CURRENT ASSETS

Debtors

5

32,981

68,234

Cash at bank

189,347

126,204

222,328

194,438

CREDITORS

Amounts falling due within one year

6

49,583

54,286

NET CURRENT ASSETS

172,745

140,152

TOTAL ASSETS LESS CURRENT LIABILITIES

175,870

140,171

PROVISIONS FOR LIABILITIES

781

-

NET ASSETS

175,089

140,171

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

175,079

140,161

175,089

140,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2025 and were signed by:

Nicola Mary Pitticas - Director

1.	STATUTORY INFORMATION

Summer In The City Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC372097

Registered office:

27 Ilay Road

Bearsden

East Dunbartonshire

Glasgow

G61 1QG

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover and revenue recognition

Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on reducing balance

Financial instruments

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their

settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 from 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2024

-

329

329

Additions

3,828

-

3,828

At 28 February 2025

3,828

329

4,157

DEPRECIATION

At 1 March 2024

-

310

310

Charge for year

718

4

722

At 28 February 2025

718

314

1,032

NET BOOK VALUE

At 28 February 2025

3,110

15

3,125

At 29 February 2024

-

19

19

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Intercompany

32,981

67,058

VAT

-

1,176

32,981

68,234

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

-

1

Tax

10,051

13,282

Social security and other taxes

291

73

VAT

243

-

Directors' current accounts

37,201

40,565

Accrued expenses

1,797

365

49,583

54,286

7.	RELATED PARTY DISCLOSURES

As at 28 February 2025, Pllinx Ltd had an outstanding loan to Summer in the City Ltd £86,971 (2024: £86,838) and owed Atleta Consultancy Ltd £19,780 (2024: £19,780). Pllinx Ltd and Atleta Consultancy Ltd have common shareholders and directors.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Nicola Mary Pitticas.