REGISTERED NUMBER: SC234408 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Scottish News & Sport Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs L R McCann

REGISTERED OFFICE:

Suite 101

The Boutique Workplace

9 George Square

Glasgow

G2 1QQ

REGISTERED NUMBER:

SC234408 (Scotland)

ACCOUNTANTS:

Greg Hannah Ltd

Chartered Accountants

26 Victoria Street

Rutherglen

Glasgow

G73 1DS

FIXED ASSETS

Intangible assets

5

8,232

8,429

Tangible assets

6

63,170

83,441

Investments

7

37

36

71,439

91,906

CURRENT ASSETS

Debtors

8

155,721

80,774

Cash at bank and in hand

454,104

444,307

609,825

525,081

CREDITORS

Amounts falling due within one year

9

192,698

153,754

NET CURRENT ASSETS

417,127

371,327

TOTAL ASSETS LESS CURRENT LIABILITIES

488,566

463,233

PROVISIONS FOR LIABILITIES

15,604

15,695

NET ASSETS

472,962

447,538

CAPITAL AND RESERVES

Called up share capital

500

500

Revaluation reserve

10

(1,203

)

(1,204

)

Capital redemption reserve

500

500

Retained earnings

473,165

447,742

472,962

447,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 22 June 2026 and were signed by:

Mrs L R McCann - Director

1.	STATUTORY INFORMATION

Scottish News & Sport Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of value added tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

The picture library is being written off over its estimated useful life of 100 years with the website being written off over 4 years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 10% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The director believes that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 14 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 October 2024

and 30 September 2025

250,000

66,410

316,410

AMORTISATION

At 1 October 2024

250,000

57,981

307,981

Charge for year

-

197

197

At 30 September 2025

250,000

58,178

308,178

NET BOOK VALUE

At 30 September 2025

-

8,232

8,232

At 30 September 2024

-

8,429

8,429

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2024

242,019

Additions

4,249

Disposals

(4,193

)

At 30 September 2025

242,075

DEPRECIATION

At 1 October 2024

158,578

Charge for year

22,751

Eliminated on disposal

(2,424

)

At 30 September 2025

178,905

NET BOOK VALUE

At 30 September 2025

63,170

At 30 September 2024

83,441

7.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 October 2024

36

Revaluations

1

At 30 September 2025

37

NET BOOK VALUE

At 30 September 2025

37

At 30 September 2024

36

Cost or valuation at 30 September 2025 is represented by:

Other

investments

£

Valuation in 2025

37

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

128,140

43,570

Other debtors

27,581

37,204

155,721

80,774

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

18,323

19,260

Taxation and social security

94,011

62,698

Other creditors

80,364

71,796

192,698

153,754

10.

RESERVES

Revaluation

reserve

£

At 1 October 2024

(1,204

)

Reserves movement

1

At 30 September 2025

(1,203

)

11.	RELATED PARTY DISCLOSURES

At the 30 September 2025, the company owed Mrs L R McCann £39,044 (2024: £33,044). This loan is interest free and has no fixed repayment terms.

The controlling party is Mrs L R McCann.

The ultimate controlling party is Mrs L R McCann.