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R.I.A.S. Services Limited
Registration Number SC090513 (Scotland)
Audited Financial Statements
for the year ended 31 December 2025
R.I.A.S. Services Limited
(Registration Number SC090513)
Filleted Financial Statements for the year ended 31 December 2025
Statement of Financial Position
Notes
2025 £
2024 £
Current assets
Stock
43,900
41,097
Debtors
6
101,696
124,681
Cash at bank and in hand
10,141
10,422
155,737
176,200
Current liabilities
Creditors: amounts falling due within one year
7
192,637
201,495
Net current liabilities
(36,900)
(25,295)
Total assets less current liabilities
36,900
25,295
Net liabilities
36,900
25,295
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
(37,000)
(25,395)
Shareholder's deficit
(36,900)
(25,295)
The auditor's report dated 6 May 2026 was unqualified. The senior statutory auditor was Kevin Cattanach, for and on behalf of Whitelaw Wells.
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 Board of Directors on 6 May 2026.
_______________________
_______________________
C J Palmer
Director
Company registration number: SC090513
The notes on pages 10 to 12 form part of these financial statements.
R.I.A.S. Services Limited
Filleted Financial Statements for the year ended 31 December 2025
Notes to the Financial Statements
1. General information
The company is a private company limited by shares, registered in Scotland (SC090513). The address of the registered office is 15 Rutland Square, Edinburgh, EH1 2BE, Scotland.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. These financial statements have been prepared in accordance with Financial Reporting Standard 102 and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going Concern
The financial statements have been prepared on a going concern basis. The company's annual distributable profits are payable each year to its parent entity, the Royal Incorporation of Architects in Scotland as gift aid. As such the company will continue to be reliant on the ongoing support of its parent entity to continue trading. The trustees of the parent entity have confirmed that this support will continue for a period of at least one year from the date of approval of these financial statements and the directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. 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. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:
As detailed below, the company estimates provisions against the carrying values of stock. When assessing the provisions, the directors consider factors such as sales volumes in recent years of all stock lines, sales values achieved and book cost of the stocks. The value of stock net of provisions is included on the face of the balance sheet.
Provisions are also made against publishing work in progress costs where the relevant publications are unlikely to be published in the near future
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
R.I.A.S. Services Limited
Filleted Financial Statements for the year ended 31 December 2025
Notes to the Financial Statements
Revenue recognition
Turnover represents income from the provision of services to architects and architectural practices, sales of books and publications and advertising revenue. All services income is included in the period in which the service is delivered. Sales of books and publications and other areas are recognised when goods are made available or when an event takes place. Turnover is stated net of VAT and trade discounts.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial assets, which include trade and other debtors and cash at bank, 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
Basic financial liabilities, which include trade and other creditors 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.
At each reporting date the company assesses whether there is objective evidence that any financial asset has been impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due. The amount of the provision is recognised immediately in profit or loss.
3. Auditor's remuneration
Fees payable for the audit of the financial statements
3,139
2,797
4. Employees
Employees
7
10
Staff are employed directly by The Royal Incorporation of Architects in Scotland then recharged to the company.
5. Covenanted donation / gift aid and taxation
Under the terms of a deed of covenant the annual distributable profits of the company are payable to the Royal Incorporation of Architects in Scotland, the parent body. Under section 191 of the Corporation Taxes Act 2010, distributions to the parent body qualify as gift aid payments.
6. Debtors
2025 £
2024 £
Trade debtors
22,691
23,776
Other debtors
31,598
45,253
Amounts owed by group undertakings
47,407
55,652
101,696
124,681
R.I.A.S. Services Limited
Filleted Financial Statements for the year ended 31 December 2025
Notes to the Financial Statements
7. Creditors: amounts falling due within one year
2025 £
2024 £
Trade creditors
3,708
344
Other creditors
167,832
177,207
Social security and other taxes
21,097
23,944
192,637
201,495
8. Deferred tax
The company has an unrecognised deferred tax asset of £9,250 (2024: £6,349) which has arisen from losses carried forward. Its recoverability is dependent upon future taxable profits arising, the likelihood of which cannot at this stage be determined with reasonable certainty.
9. Called up share capital
Allotted, called up and fully paid
2025 £
2024 £
Ordinary shares of £1 each
100
100
10. Related party transactions
The company has taken advantage of exemption, under the terms of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK & Republic of Ireland', not to disclose related party transactions with the parent charity.
During the year consultancy fees of £72 (2024: £1,811) were paid to Gordon Murray Consultancy Limited, a company which Gordon Murray is also a director. At the year end there was no outstanding amount. Sales proceeds of £45 (2024: £127) were also received from Gordon Murray.
Additionally, course sales proceeds of £186 (2024: £180) were received from Christine Palmer, as well as sales proceeds of £Nil (2024: £179) from Ian Wall.
11. Controlling party
The immediate and ultimate parent undertaking is The Royal Incorporation of Architects in Scotland.
The Royal Incorporation of Architects in Scotland is registered at 15 Rutland Square, Edinburgh, EH1 2BE.
Appendix - Additional XBRL Tags and Values
Accounting standards applied
[Current]
bus_SmallEntities
Accounting standards applied
[Current]
bus_SmallEntities
Accounts status, audited or unaudited
[Current]
bus_Audited
Accounts type
[Current]
bus_FilletedAccounts
Applicable legislation
[Current]
bus_SmallCompaniesRegimeForAccounts
Average number of employees during the period
[Prior]
10
Average number of employees during the period
[Current]
7
Balance sheet date
[Current]
31 December 2025
Date of auditor's report
[Current]
0001-01-01
Date of authorisation of financial statements for issue
[Current]
06 May 2026
Director signing Directors' Report
[Current]
bus_Director1
Director signing financial statements
[Current]
bus_Director1
End date for period covered by report
[Current]
31 December 2025
Entity current legal or registered name
[Current]
R.I.A.S. Services Limited
Entity is dormant [true/false]
[Current]
false
Entity trading status
[Current]
[default]
Equity [Multiple Tags or Values]
[Prior]
50,590
Equity [Multiple Tags or Values]
[Current]
73,800
Legal form of entity
[Current]
bus_PrivateLimitedCompanyLtd
Name of entity auditors
[Current]
Whitelaw Wells
Name of entity officer
[Current]
M Goodfellow
Name of entity officer
[Current]
Professor I J Wall
Name of entity officer
[Current]
B M Addy
Name of entity officer
[Current]
Professor G C Murray
Name of entity officer
[Current]
C J Palmer
Name of individual auditor
[Current]
Whitelaw Wells
Name of production software
[Current]
Draftworx Cloud
Start date for period covered by report
[Current]
01 January 2025
UK Companies House registered number
[Current]
SC090513
Version of production software
[Current]
2026.12.0.0