REGISTERED NUMBER: SC597300

PAYTHINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investments

4

2,956

2,899

CURRENT ASSETS

Debtors

5

2,485,754

2,579,785

Cash and cash equivalents

6

591

1,268

2,486,345

2,581,053

CREDITORS

Amounts falling due within one year

7

(25,328

)

(67,657

)

NET CURRENT ASSETS

2,461,017

2,513,396

TOTAL ASSETS LESS CURRENT LIABILITIES

2,463,973

2,516,295

CAPITAL AND RESERVES

Called up share capital

8

2

2

Share premium

3,049,259

3,049,259

Retained earnings

(585,288

)

(532,966

)

SHAREHOLDERS' FUNDS

2,463,973

2,516,295

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2026 and were signed on its behalf by:

B Ahdoot - Director

1.	GENERAL INFORMATION

Paythings Limited is a private limited company (limited by shares) incorporated in Scotland. The address of the registered office is Suite 2, Ground Floor Orchard Brae House, 30 Queensferry Road, Edinburgh, EH4 2HS.

The principal activity of the company is that of business and management consultancy.

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.

The following principal accounting policies have been applied:

Going concern

The company’s ability to continue as a going concern is dependent on the continued support of its shareholders and the realisation of amounts due from group undertakings. The directors have a reasonable expectation that such support will be available and have therefore prepared the financial statements on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Paythings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Tax is recognised in the Statement of income and retained earnings.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Cash at bank

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

At 1 June 2024

2,899

Additions

57

At 31 May 2025

2,956

Net book value

At 31 May 2025

2,956

At 31 May 2024

2,899

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

2,471,554

2,570,277

Other debtors

1,417

2,872

Directors' current accounts

4,048

4,048

VAT

8,735

2,588

2,485,754

2,579,785

6.	CASH AND CASH EQUIVALENTS

2025

2024

£

£

Bank

591

1,268

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

48,429

Corporation tax

1,417

1,417

Accrued expenses

23,911

17,811

25,328

67,657

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2,270

Ordinary

0.001

2

2

9.	CONTINGENT LIABILITIES

The company is involved in an ongoing legal dispute. The outcome is uncertain and no reliable estimate of any potential financial effect can be made. Accordingly, no provision has been recognised.

The company has filed a counter-claim in relation to the matter. Any potential inflow of economic benefits is not considered probable at this stage.

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the balance sheet date the directors owed the company £4,048 (2024: £4,048). The loan is interest free and repayable on demand.

During the year ended 31 May 2025, the company paid interest of £Nil (2024: £162,501) to its largest shareholder, a company incorporated in Canada. The interest related to a loan provided by this shareholder. The loan carried interest at a rate of 10% per annum. At 31 May 2025, the loan balance outstanding was £Nil (2024: £Nil).

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B Ahdoot.