For the financial year ended 30 September 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 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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

Central Radio Taxis (Tollcross) Limited is a private company limited by guarantee and registered in Scotland. The Company's registered office and principal place of business is 15 Bankhead Drive, Edinburgh, EH11 4DW Company number SC045692.

The Company's principal activity continued to be that of controller and director of taxi cabs through a computerised control data system.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

The directors have a reasonable expectation that the Company has adequate resources to continue in operation existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing these financial statements.true

The revenue shown in the Statement of Income and Retained Earnings represents dues from members and trading income of the Company excluding amounts payable to members and applicable discounts, exclusive of Value Added Tax.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Entry Fees

Members' entry fees are allocated between a non-returnable entry fee and share subscription, along with an administration fee which is recognised on receipt. No element of the entry fee is returnable to members, but members can elect to transfer their membership externally.

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

The average monthly number of persons (including directors) employed by the company during the year was:

In the opinion of the Directors, the value of the investment property approximates to fair value as at 30 September 2025.

The company is limited by guarantee, not having a 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.

At September 2025 the Company had future minimum lease payments due under non-cancellable operating leases for the following periods. Due less than 1 year - £72,850 (2024: £46,750). Due between 1 year and 5 years - £171,775 (2024: £100,000). Due over 5 years - £37,500 (2024: 62,500)

Advantage has been taken of the exemption granted by FRS 102 1A C 34 - 36 not to report details of the transactions with entities which are controlled by a common parent undertaking.

The Company collects funds from drivers and administers a bank account on behalf of Central Radio Taxis (Tollcross) Limited Welfare Benevolent Fund. During the year to 30 September 2025, welfare payments amounting to £Nil (2024: £Nil) were made to serving committee members of the Welfare Benevolent Fund.

The Directors are of the opinion that the Company has no ultimate controlling party.

Other reserves

Other reserves relates to entry fees and share subscriptions fully paid.

Profit and loss account

This reserve includes all current and prior periods retained profits and losses.

The Company makes payments to a defined contribution pension scheme. The assets of the scheme are held seperately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £20,320 (2024: £18,650). Contributions totalling £Nil (2024: £Nil) were payable to the fund at the balance sheet date.