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COMPANY REGISTRATION NUMBER: SC454138

Forth and District Initiative

Company Limited by Guarantee

Filleted Unaudited Abridged Financial Statements

For the year ended

31 July 2025

Forth and District Initiative

Company Limited by Guarantee

Abridged Financial Statements

Year ended 31 July 2025

Contents | Page

Abridged statement of financial position | 1

Notes to the abridged financial statements | 3

Forth and District Initiative

Company Limited by Guarantee

Abridged Statement of Financial Position

31 July 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 6 |  | 44,132 | 48,570

Current assets

Cash at bank and in hand | 27,477 |  | 28,504

Creditors: amounts falling due within one year | 34,522 |  | 38,085
| -------- |  | --------
Net current liabilities |  | 7,045 | 9,581
|  | -------- | --------
Total assets less current liabilities |  | 37,087 | 38,989
|  | -------- | --------
Net assets |  | 37,087 | 38,989
|  | -------- | --------

Forth and District Initiative

Company Limited by Guarantee

Abridged Statement of Financial Position (continued)

31 July 2025

| 2025 | 2024
Note | £ | £ | £

Capital and reserves

Profit and loss account |  | 37,087 | 38,989
|  | -------- | --------
Members funds |  | 37,087 | 38,989
|  | -------- | --------

These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the year ending 31 July 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 abridged 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 abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 1 April 2026 , and are signed on behalf of the board by:

Mr W Watson | Miss M McGurk
Director | Director

Company registration number: SC454138

Forth and District Initiative

Company Limited by Guarantee

Notes to the Abridged Financial Statements

Year ended 31 July 2025
1. General information
The company is a private company limited by guarantee, registered in Scotland. The address of the registered office is 18 Carmuir, Forth, Lanarkshire, ML11 8AR.
2. Statement of compliance
These abridged 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 company meets the definition of a public benefit entity under FRS 102. The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents donations received in the period.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

| Leasehold property improvements | - | 5% 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.
Grants received
Deferred grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate. Revenue grants are credited to income as received and matched with the costs to which they relate.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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. 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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to nil (2024 : nil).
5. Company limited by guarantee
Forth and District Initiative was incorporated on 9 July 2013 as a company 'limited by guarantee', where every member of the company undertakes to contribute such sum as may be required (not exceeding £1) to the Company's assets if it should be wound up while he/she is a member or within one year after he/she ceases to be a member, for payment of the Company's debts and liabilities contracted before he/she ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.
6. Tangible assets

| £
Cost |
At 1 August 2024 and 31 July 2025 | 88,750
| --------
Depreciation |
At 1 August 2024 | 40,180
Charge for the year | 4,438
| --------
At 31 July 2025 | 44,618
| --------
Carrying amount |
At 31 July 2025 | 44,132
| --------
At 31 July 2024 | 48,570
| --------

7. Related party transactions
The company was not controlled by any individual or body throughout the current and previous years. The company acquired the whole undertaking, assets and liabilities of Forth and District Initiative , an unincorporated association on 10 July 2013.