Financial Statements for the year ended 31 December 2025

In accordance with section 444 of the companies Act 2006, the option not to file the statement of comprehensive income and retained earnings has been taken.

The Auditor's report for the year ended 31 December 2025 was unqualified.

These financial statements have been prepared 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'.

The financial statements were approved and authorised for issue by the Directors on 14 April 2026.

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is The Lodge, Seafield Cemetery, Seafield Place, Edinburgh, EH6 7QP.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

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.

The financial statements have been prepared on a going concern basis. The directors have assessed the Company's ability to continue as a going concern and, despite ongoing economic challenges, have 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 these financial statements.

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. As the estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant, actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover represents the value of cremations and other goods and services supplied by the company, excluding value added tax.

Turnover is recognised when invoices are issued for the service. Entitlement for other memorials subject to lease is deemed by the directors to be the point of sale.

Taxation expense for the period comprises current and deferred tax. Tax currently payable, relating to UK corporation tax, is calculated on the basis of tax rates and laws that have been enacted or substantively enacted as at the reporting date.

Deferred tax is recognised on all timing differences that have originated but not reversed at the reporting date. Transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future gives rise to a deferred tax liability or asset. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted as at the reporting date that are expected to apply to the reversal of the timing difference. The tax expense is recognised in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense.

Deferred income tax assets are only recognised to the extent that, on the basis of all available evidence, it is deemed probable that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Current and deferred tax assets and liabilities are offset only when there is a legally enforceable right to set off the amounts and there is the intention either to settle on a net basis or to realise the asset and settle the liability simultaneously.

Tangible assets are initially recorded at cost, and 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. All expenditure on items of a capital nature exceeding £500 is capitalised.

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:

Except for the mausolea, burial chambers, niches and vaults, heritable properties are not depreciated. No depreciation is provided on the company's heritable properties as the directors are of the opinion that the residual values are in excess of the book value. The directors review the properties annually for indicators of any 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.

Stocks comprise memorials and related supplies and are measured at the lower of cost and estimated selling price less costs to complete and sell.

A financial asset or liability is recognised only when the company becomes a party to the contractual provisions of the financial instrument.

The company holds basic financial instruments which comprise cash and cash equivalents, trade and other debtors, trade and other creditors, and loans and borrowings.

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 as a finance cost in profit or loss in the period in which it arises.

Leith Cemetery & Crematorium Company Limited - The Lodge, Seafield Cemetery, Seafield Place, Edinburgh, EH6 7QP

Leith Cemetery & Crematorium Company Limited held 100% ordinary shares and capital and reserves of £16,740 (2024: £16,740).

Amounts owed to group undertakings and undertakings in which the company has a participating interest comprises the inter-company loan from Leith Cemetery and Crematorium Company Ltd. The loan is interest free and repayable on demand.

Deferred tax has been provided for at 25% (2024: 25%). The deferred tax asset has arisen on timing differences on capital allowances.

The company operates a money purchase (defined contribution) pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost and charge represents contributions payable by the company to the fund and amount to £92,048 (2024: £92,976). There were no outstanding contributions payable to the fund at the year end (2024: £nil).

The directors' aggregate remuneration in respect of qualifying services for the year totalled £51,445 (2024: £45,507).

In the opinion of the directors, there is no ultimate controlling party.