REGISTERED NUMBER: SC470264 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

COLLECTIVE MEDIA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ian Reid

Kathryn Ross

SECRETARY:

Kathryn Ross

REGISTERED OFFICE:

Carogan House

Cockburnspath

Berwickshire

TD13 5XB

REGISTERED NUMBER:

SC470264 (Scotland)

ACCOUNTANTS:

Stewart Gilmour & Co.

3rd Floor

St George's Buildings

5 St Vincent Place

Glasgow

G1 2DH

FIXED ASSETS

Tangible assets

4

302

378

Investment property

5

454,574

454,574

454,876

454,952

CURRENT ASSETS

Debtors

6

3,200

-

Cash at bank

133,810

165,636

137,010

165,636

CREDITORS

Amounts falling due within one year

7

228,908

293,314

NET CURRENT LIABILITIES

(91,898

)

(127,678

)

TOTAL ASSETS LESS CURRENT LIABILITIES

362,978

327,274

PROVISIONS FOR LIABILITIES

57

72

NET ASSETS

362,921

327,202

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

362,821

327,102

SHAREHOLDERS' FUNDS

362,921

327,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by:

Ian Reid - Director

1.	STATUTORY INFORMATION

Collective Media Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Investment property

In accordance with Financial Reporting Standard 102, investment properties are revalued annually at fair value. Changes to fair value are reflected in the profit and loss account. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principles set out in FRS 102. The director considers that, because these properties are not held for their consumption, but for their investment potential, to depreciate them would not give a true and fair view, and that it is necessary to apply FRS 102 in order to give a true and fair view.

If this departure from the Act had not been made, the reported net profit for the financial year would have been reduced by additional depreciation charges of £9,091 (2024 - £9,091).

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

and 31 May 2025

3,275

DEPRECIATION

At 1 June 2024

2,897

Charge for year

76

At 31 May 2025

2,973

NET BOOK VALUE

At 31 May 2025

302

At 31 May 2024

378

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

454,574

NET BOOK VALUE

At 31 May 2025

454,574

At 31 May 2024

454,574

Fair value at 31 May 2025 is represented by:

£

Valuation in 2025

454,574

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

454,574

454,574

Aggregate depreciation

(83,310

)

(74,219

)

Investment property was valued on a fair value basis on 31 May 2025 by Ian Reid, director .

Title to the investment properties at Flat 3, 38 Broomhill Drive, Glasgow, and Flat 2, 46 Partick Bridge Street, Glasgow are held by directors Ian Reid and Kathryn Ross, respectively, on behalf of the company. In the opinion of the directors, there have been no significant changes in the market values of the investment properties since their acquisition by the company.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

3,200

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

8,745

6,391

Other creditors

220,163

286,923

228,908

293,314

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary

£1

50

50

50

Ordinary 'A'

£1

50

50

100

100

9.	ULTIMATE CONTROLLING PARTY

The company is under the immediate and ultimate control of directors Ian Reid and Kathryn Ross who each hold 50% of the issued share capital.