Mothership (Scotland) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC293085

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,576		3,434
Investment Properties	5		230,062		230,062

			232,638		233,496
CURRENT ASSETS
Stock	6	64,233		54,992
Debtors	7	76,636		61,903
Cash at bank and in hand		104,873		80,437

		245,742		197,332
Creditors: Amounts Falling Due Within One Year	8	(171,659 )		(163,320 )

NET CURRENT ASSETS (LIABILITIES)			74,083		34,012

TOTAL ASSETS LESS CURRENT LIABILITIES			306,721		267,508

NET ASSETS			306,721		267,508

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			306,719		267,506

SHAREHOLDERS' FUNDS			306,721		267,508

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Mothership (Scotland) Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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

Mr M Aikman

Director

26 May 2026

The notes on pages 3 to 5 form part of these financial statements.

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Mothership (Scotland) Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Mothership (Scotland) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC293085 . The registered office is 16a Queen Street, Edinburgh, EH2 1JE.

2. Accounting Policies

2.1. 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.

2.2. 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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation
Plant & Machinery	25% straight line

2.4. Investment Properties

All investment properties are carried at fair value determined periodically and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Mothership (Scotland) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.6. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 3)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 September 2024	21,869

As at 31 August 2025	21,869

Depreciation
As at 1 September 2024	18,435
Provided during the period	858

As at 31 August 2025	19,293

Net Book Value
As at 31 August 2025	2,576

As at 1 September 2024	3,434

5. Investment Property

	2025
	£
Fair Value
As at 1 September 2024 and 31 August 2025	230,062

6. Stock

	2025	2024
	£	£
Stock	64,233	54,992

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Mothership (Scotland) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	62,683	46,603
Prepayments and accrued income	11,953	13,300
Other debtors	2,000	2,000

	76,636	61,903

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	39,641	30,286
Corporation tax	24,883	26,390
Other taxes and social security	863	3,418
VAT	3,480	6,368
Other creditors	3,694	-
Accruals and deferred income	2,113	1,095
Directors' loan accounts	12,233	10,089
Amounts owed to related parties	84,752	85,674

	171,659	163,320

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

10. Related Party Transactions

As at 31 August 2025, the company owed the directors, Michael Aikman and Jason Scott, £6,379 (2024: £5,308) and £5,853 (2024: £4,782), respectively.

As at 31 August 2025, the company owed the following amounts to entities with common directors, Bramble Bars Ltd £61,617 (2024: £61,617), Lucky Liquor Ltd £19,296 (2024: £19,735) and Red Dog Saloons Ltd £3,839 (2024: £4,322).

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