Hood Magazine Digital Ltd

Contents
	Page
Accountant's Report	1
Balance Sheet	2
Notes to the Financial Statements	3—4

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Hood Magazine Digital Ltd for the period ended 28 February 2025 which comprise the profit and loss account and balance sheet from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants of Scotland, I am subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020

This report is made solely to the Board of Directors of (insert company), as a body, in accordance with the terms of my engagement letter dated 30 September 2025. My work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, I do not accept responsibility to anyone other than Hood Magazine Digital Ltd and its Board of Directors as a body for my work or for this report.

I have not been instructed to carry out an audit or a review of the accounts of Hood Magazine Digital Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the financial statements.

Signed

Michele-Ange Anderson

09/12/2025

Lothian Accounting Limited (SC556470)

3 Priory Gate

North Berwick

EH39 4SA

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Hood Magazine Digital Ltd

Balance Sheet

As At 28 February 2025

Balance Sheet

Registered number: SC798285

		28 February 2025
	Notes	£	£
CURRENT ASSETS
Debtors	3	2,689
Cash at bank and in hand		5,131

		7,820
Creditors: Amounts Falling Due Within One Year	4	(3,323 )

NET CURRENT ASSETS (LIABILITIES)			4,497

TOTAL ASSETS LESS CURRENT LIABILITIES			4,497

NET ASSETS			4,497

CAPITAL AND RESERVES
Called up share capital	5		2
Profit and Loss Account			4,495

SHAREHOLDERS' FUNDS			4,497

For the period ending 28 February 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Nicola Campbell-Turnbull

Director

09/12/2025

The notes on pages 3 to 4 form part of these financial statements.

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Hood Magazine Digital Ltd

Notes to the Financial Statements

For the Period 8 February 2024 to 28 February 2025

Notes to the Financial Statements

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

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

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: NIL

3. Debtors

	28 February 2025
	£
Due within one year
Amounts owed by participating interests	350
Other debtors	2,339

	2,689

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Hood Magazine Digital Ltd

Notes to the Financial Statements (continued)

For the Period 8 February 2024 to 28 February 2025

4. Creditors: Amounts Falling Due Within One Year

	28 February 2025
	£
Other creditors	2,269
Taxation and social security	1,054

	3,323

5. Share Capital

	28 February 2025
	£
Allotted, Called up and fully paid	2

6. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 8 February 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 28 February 2025
	£	£	£	£	£
Mrs Nicola Campbell-Turnbull	-	2,751	412	-	2,339

The above loan is unsecured, interest free and repayable on demand. The outstanding loan at 28 February 2025 was repaid on 29 May 2025.

7. General Information

Hood Magazine Digital Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC798285 . The registered office is 44 Clermiston Road, Edinburgh, EH12 6XB.

The company was incorporated and began trading on 8 February 2024.

The Directors are office holders and do not have a service or employment contract with the Company.

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