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COMPANY REGISTRATION NUMBER: SC696622

Season Quayside Ltd

Filleted Unaudited Financial Statements

For the year ended

30 April 2025

Season Quayside Ltd

Statement of Financial Position

30 April 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 89,152 | 105,415

Current assets

Stocks | 6,500 | 6,976
Debtors | 6 | 31,276 | 60,512
Cash at bank and in hand | 12,231 | 11,607
| -------- | --------
| 50,007 | 79,095

Creditors: amounts falling due within one year | 7 | 255,679 | 213,858
| --------- | ---------
Net current liabilities | 205,672 | 134,763
| --------- | ---------
Total assets less current liabilities | ( 116,520) | ( 29,348)

Creditors: amounts falling due after more than one year | 8 | 89,284 | 45,601
| --------- | --------
Net liabilities | ( 205,804) | ( 74,949)
| --------- | --------

Capital and reserves

Called up share capital | 9 | 100 | 100
Profit and loss account | ( 205,904) | ( 75,049)
| --------- | --------
Shareholders deficit | ( 205,804) | ( 74,949)
| --------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 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 year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Season Quayside Ltd

Statement of Financial Position (continued)

30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 14 April 2026 , and are signed on behalf of the board by:

Mr A P Hartman | Mrs J B Kukla-Hartman
Director | Director

Company registration number: SC696622

Season Quayside Ltd

Notes to the Financial Statements

Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 2 Marshall Place, Perth, PH2 8AH. The main place of business is at 72 Commercial Quay, Leith, Edinburgh.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £205,804. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. In addition, deferred income totalling £165,514 is included in liabilities which are deposits for events taking place after the year end. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for events supplied during the reporting period, stated net of discounts and of Value Added Tax.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold property | - | 2% reducing balance
| Leasehold improvements | - | 25% reducing balance
| Plant and machinery | - | 20% straight line
| Equipment | - | 33% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 17 (2024: 17 ).
5. Tangible assets

| Freehold property | Long leasehold property | Plant and machinery | Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 May 2024 | 72,725 | 28,521 | 38,439 | 19,448 | 159,133
Additions | – | – | 683 | 994 | 1,677
| -------- | -------- | -------- | -------- | ---------
At 30 April 2025 | 72,725 | 28,521 | 39,122 | 20,442 | 160,810
| -------- | -------- | -------- | -------- | ---------
Depreciation |  |  |  |  |
At 1 May 2024 | 4,151 | 13,890 | 21,469 | 14,208 | 53,718
Charge for the year | 1,371 | 3,656 | 7,824 | 5,089 | 17,940
| -------- | -------- | -------- | -------- | ---------
At 30 April 2025 | 5,522 | 17,546 | 29,293 | 19,297 | 71,658
| -------- | -------- | -------- | -------- | ---------
Carrying amount |  |  |  |  |
At 30 April 2025 | 67,203 | 10,975 | 9,829 | 1,145 | 89,152
| -------- | -------- | -------- | -------- | ---------
At 30 April 2024 | 68,574 | 14,631 | 16,970 | 5,240 | 105,415
| -------- | -------- | -------- | -------- | ---------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | – | 24,914
Other debtors | 31,276 | 35,598
| -------- | --------
| 31,276 | 60,512
| -------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 25,781 | –
Trade creditors | 44,942 | 35,018
Social security and other taxes | 6,945 | 21,732
Other creditors | 178,011 | 157,108
| --------- | ---------
| 255,679 | 213,858
| --------- | ---------

8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 13,509 | –
Other creditors | 75,775 | 45,601
| -------- | --------
| 89,284 | 45,601
| -------- | --------

9. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 100 | 100 | 100 | 100
| ---- | ---- | ---- | ----

10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 45,551 | 32,500
Later than 1 year and not later than 5 years | 175,989 | 137,500
Later than 5 years | 285,833 | 302,150
| --------- | ---------
| 507,373 | 472,150
| --------- | ---------