Stirling City Centre BID Limited 31/08/2025 iXBRL

Company registration number: SC498145

Stirling City Centre BID Limited

Company limited by guarantee

Unaudited filleted financial statements

31 August 2025

Stirling City Centre BID Limited

Company limited by guarantee

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Stirling City Centre BID Limited

Company limited by guarantee

Directors and other information


Directors	A Mitchell
	G Turnbull
	K Moore
	D Black
	D McDonald	(Resigned 30 January 2025)
	A Binnie	(Appointed 13 March 2026)
	P Waterson	(Resigned 16 January 2025)
	J Henderson	(Resigned 28 November 2025)
	M E Ortega
	N Munday	(Appointed 5 December 2024)
	A Peel	(Resigned 28 November 2025)

Non member Directors	S Orr
	C Hendry



Company number	SC498145


Registered office	Unit 9-11, RFL House
	Anderson Street
	Dunblane
	FK15 9AJ


Accountants	BK Plus
	20 Barnton Street
	Stirling
	FK8 1NE

Stirling City Centre BID Limited

Company limited by guarantee

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Stirling City Centre BID Limited

Year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stirling City Centre BID Limited for the year ended 31 August 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Stirling City Centre BID Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Stirling City Centre BID Limited and state those matters that we have agreed to state to the board of directors of Stirling City Centre BID Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stirling City Centre BID Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Stirling City Centre BID Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Stirling City Centre BID Limited. You consider that Stirling City Centre BID Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stirling City Centre BID Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BK Plus

20 Barnton Street

Stirling

FK8 1NE

26 May 2026

Stirling City Centre BID Limited

Company limited by guarantee

Statement of financial position

31 August 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	21,800		20,110
		_______		_______
			21,800		20,110

Current assets
Debtors	7	41,261		103,500
Cash at bank and in hand		5,946		499
		_______		_______
		47,207		103,999
Creditors: amounts falling due
within one year	8	( 36,341)		( 72,423)
		_______		_______
Net current assets			10,866		31,576
			_______		_______
Total assets less current liabilities			32,666		51,686


Provisions for liabilities			( 272)		( 3,821)

			_______		_______
Net assets			32,394		47,865
			_______		_______

Capital and reserves
Profit and loss account			32,394		47,865
			_______		_______
Members funds			32,394		47,865
			_______		_______

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.

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.

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.

These financial statements were approved by the board of directors and authorised for issue on 26 May 2026 , and are signed on behalf of the board by:

N Munday G Turnbull

Director Director

Company registration number: SC498145

Stirling City Centre BID Limited

Company limited by guarantee

Notes to the financial statements

Year ended 31 August 2025

1. General information

The company is a private company limited by guarantee, registered in Scotland. The address of the registered office is c/o AMCounting Ltd, Unit 9-11, RFL House, Anderson Street, Dunblane, FK15 9AJ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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 financial statements are prepared on a going concern basis. This is appropriate because the company has BID status that will continue in operation until at least 31 August 2027 under a funding model similar to that in operation during the period.

Turnover

Levy contributions are collected from rate payers in the BID area by Stirling Council. Income is measured at the fair value of the consideration received for services rendered net of VAT.Income is recognised in the period which it relates and in line with the related costs that have been incurred to deliver the BID project. Income received in the period but relating to future periods is treated as deferred income on the statement of financial position.

Taxation

By its very nature a BID will expect to expend all incoming resources on appropriate projects and as such would not expect to suffer corporation tax.

Tangible assets

tangible assets are initially recorded at cost, and are 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:


Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

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.

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 in finance costs in profit or loss in the period in which it arises.

4. Limited by guarantee

The company is limited by guarantee, not having share capital, and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up, such amounts as may be required not exceeding £1.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

6. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 September 2024	60,311	9,073	69,384
Additions	11,800	-	11,800
	_______	_______	_______
At 31 August 2025	72,111	9,073	81,184
	_______	_______	_______
Depreciation
At 1 September 2024	42,324	6,950	49,274
Charge for the year	8,945	1,165	10,110
	_______	_______	_______
At 31 August 2025	51,269	8,115	59,384
	_______	_______	_______
Carrying amount
At 31 August 2025	20,842	958	21,800
	_______	_______	_______
At 31 August 2024	17,987	2,123	20,110
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	18,224	72,000
Other debtors	23,037	31,500
	_______	_______
	41,261	103,500
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	21,246	44,355
Social security and other taxes	13,625	2,813
Other creditors	1,470	25,255
	_______	_______
	36,341	72,423
	_______	_______