Company Registration No. SC322098 (Scotland)
FMLY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
FMLY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
FMLY LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
13,292
25,185
Current assets
Debtors
4
551,435
665,473
Cash at bank and in hand
41,201
57,850
592,636
723,323
Creditors: amounts falling due within one year
5
(344,824)
(491,443)
Net current assets
247,812
231,880
Total assets less current liabilities
261,104
257,065
Provisions for liabilities
6
(2,694)
(5,975)
Net assets
258,410
251,090
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
258,310
250,990
Total equity
258,410
251,090

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved and signed by the director and authorised for issue on 3 April 2026
Christopher Stewart
Director
Company Registration No. SC322098
FMLY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

FMLY Limited is a private company limited by shares incorporated in Scotland. The registered office is The Tower, 7 Advocate's Close, Edinburgh, EH1 1ND.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the director ha true s reviewed cash flow forecasts and ha s a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the director continue s to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

The turnover shown in the profit and loss account represents the invoices, net of value added tax, raised in the year for services rendered. Turnover is recognised as services are provided.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery
33% Straight Line
Computer equipment
33% Straight Line
Motor vehicles
20% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

FMLY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include certain 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.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including certain creditors, 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 paymen ts 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. A m ounts payable are classified as current liabilities if payment is due within one year or less.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

FMLY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons employed by the company during the year was:

2025
2024
Number
Number
Total
10
10
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024 and 30 June 2025
44,452
Depreciation and impairment
At 1 July 2024
19,267
Depreciation charged in the year
11,893
At 30 June 2025
31,160
Carrying amount
At 30 June 2025
13,292
At 30 June 2024
25,185
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
66
4,563
Amounts owed by related parties
105,924
58,666
Amounts owed by group undertakings
192,184
200,516
Other debtors
253,261
401,728
551,435
665,473
FMLY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
4
Debtors
(Continued)
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
111,635
140,881
Amounts owed to group undertakings
118,666
228,876
Taxation and social security
96,792
100,228
Other creditors
17,731
21,458
344,824
491,443

Included within other creditors is £nil (202 4: £4,632) in respect of hire purchase obligations which are secured against the assets concerned.

6
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
2,694
5,975
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
100
100
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The statutory auditor was James Hamilton.
The auditor was Johnston Carmichael LLP.
FMLY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
9
Related party transactions

As at 30 June 2025, the immediate parent company is CSG Projects Limited. The ultimate parent company and the smallest and largest group in which the results are consolidated is CSG Commercial Limited, whose registered address is 12 Hope Street, Edinburgh, EH2 4DB. The accounts of CSG Commercial Limited can be obtained from the Companies House online register at https://www.gov.uk/government/organisations/companies-house. The ultimate controlling party is Christopher Stewart.

During the year, services of £830,352 (2024: £507,183) were provided to Lateral City Limited. At the year end £23,386 (2024: £27,795) was due from Lateral City Limited.

During the year, services of £6,066 (2024: £5,473) were provided to Crisp Investment Limited. At the year end £468 (2024: £657) was due from Crisp Investment Limited.

During the year, services of £9,347 (2024: £3,293) were provided to CSG Hamilton Place Limited. At the year end £719 (2024: £14,553) was due from CSG Hamilton Place Limited.

During the year, services of £269,268 (2024: £185,252) were provided to St Andrew Square (Property) Limited. At the year end £61,841 (2024: £17,866) was due from St Andrew Square (Property) Limited

During the year, services of £7,808 (2024: £32,843) were provided to CSG Queensferry Limited. At the year end £654 (2024: £2,466) was due from CSG Queensferry Limited.

During the year, services of £75,193 (2024: £242,412) were provided to Inverleith Place Limited. At the year end £596 (2024: £nil) was due from Inverleith Place Limited.

During the year, services of £217 (2024: £nil) were provided to Love Loan Limited. At the year end £260 (2024: £nil) was due from Love Loan Limited.

During the year, services of £15,000 (2024: £nil) were provided to CSG Glasgow Ltd. At the year end £18,000 (2024: £nil) was due from CSG Glasgow Ltd.

The company has taken advantage of the exemption available in FRS 102 Section 1A whereby it has not disclosed transactions with the immediate parent company or any wholly owned subsidiary undertaking of the group.

10
Parent company

The immediate parent company is CSG Projects Limited. The ultimate parent company and the smallest and largest group in which results are consolidated is CSG Commercial Limited, a company registered in Scotland. The accounts of CSG Commercial Limited can be obtained from the Registrar of Companies, 4th Floor, Edinburgh Quay 2, 139 Fountainbridge, Edinburgh EH3 9FF.

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