Playspaces Montrose Limited

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Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—5

Report to the directors on the preparation of the unaudited statutory accounts of Playspaces Montrose Limited for the year ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Playspaces Montrose Limited for the year ended 31 October 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the directors of Playspaces Montrose Limited , as a body, in accordance with the terms of our engagement letter dated 01th July 2026. Our work has been undertaken solely to prepare for your approval the accounts of Playspaces Montrose Limited and state those matters that we have agreed to state to the directors of Playspaces Montrose Limited , as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Playspaces Montrose Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Playspaces Montrose Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Playspaces Montrose Limited . You consider that Playspaces Montrose Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Playspaces Montrose Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

31/08/2026

Precision Accountants and Business Advisors Ltd

IFA

Coast Business Centre

11 Ainslie Street

Broughty Ferry

Dundee

DD5 3RR

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Playspaces Montrose Limited

Balance Sheet

As At 31 October 2025

Balance Sheet

Registered number: SC785029

		31 October 2025		31 October 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,364		2,748

			2,364		2,748
CURRENT ASSETS
Cash at bank and in hand		3,850		1,460

		3,850		1,460
Creditors: Amounts Falling Due Within One Year	5	(2,462 )		(1,019 )

NET CURRENT ASSETS (LIABILITIES)			1,388		441

TOTAL ASSETS LESS CURRENT LIABILITIES			3,752		3,189

Creditors: Amounts Falling Due After More Than One Year	6		(92,123 )		(50,167 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(449 )		(522 )

NET LIABILITIES			(88,820 )		(47,500 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(88,920 )		(47,600 )

SHAREHOLDERS' FUNDS			(88,820)		(47,500)

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Playspaces Montrose Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Claire Scott

Director

31/08/2026

The notes on pages 4 to 5 form part of these financial statements.

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Playspaces Montrose Limited

Notes to the Financial Statements

For The Year Ended 31 October 2025

Notes to the Financial Statements

1. General Information

Playspaces Montrose Limited is a private company, limited by shares, incorporated in Scotland, registered number SC785029 . The registered office is Coast Business Centre 11 Ainslie Street, West Pitkerro Industrial Estate, Dundee, DD5 3RR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Fixtures & Fittings	20% reducing balance

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Playspaces Montrose Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 November 2024	514	2,954	3,468
Additions	247	-	247

As at 31 October 2025	761	2,954	3,715

Depreciation
As at 1 November 2024	129	591	720
Provided during the period	158	473	631

As at 31 October 2025	287	1,064	1,351

Net Book Value
As at 31 October 2025	474	1,890	2,364

As at 1 November 2024	385	2,363	2,748

5. Creditors: Amounts Falling Due Within One Year

	31 October 2025	31 October 2024
	£	£
Other creditors	2,462	1,019

6. Creditors: Amounts Falling Due After More Than One Year

	31 October 2025	31 October 2024
	£	£
Other loans	92,123	50,167

7. Share Capital

	31 October 2025	31 October 2024
	£	£
Allotted, Called up and fully paid	100	100

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