Silverfin false 31/12/2021 31/12/2021 01/01/2021 G Lamanuzzi 26/07/2018 R Leith-Parsons 26/07/2018 J Revie 09/08/2021 06/06/2012 12 September 2022 The principal activity of the Company during the financial year was the holding and renting out of investment property. SC425418 2021-12-31 SC425418 bus:Director1 2021-12-31 SC425418 bus:Director2 2021-12-31 SC425418 bus:Director3 2021-12-31 SC425418 2020-12-31 SC425418 core:CurrentFinancialInstruments 2021-12-31 SC425418 core:CurrentFinancialInstruments 2020-12-31 SC425418 core:Non-currentFinancialInstruments 2021-12-31 SC425418 core:Non-currentFinancialInstruments 2020-12-31 SC425418 core:ShareCapital 2021-12-31 SC425418 core:ShareCapital 2020-12-31 SC425418 core:RetainedEarningsAccumulatedLosses 2021-12-31 SC425418 core:RetainedEarningsAccumulatedLosses 2020-12-31 SC425418 bus:OrdinaryShareClass1 2021-12-31 SC425418 2021-01-01 2021-12-31 SC425418 bus:FullAccounts 2021-01-01 2021-12-31 SC425418 bus:SmallEntities 2021-01-01 2021-12-31 SC425418 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 SC425418 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 SC425418 bus:Director1 2021-01-01 2021-12-31 SC425418 bus:Director2 2021-01-01 2021-12-31 SC425418 bus:Director3 2021-01-01 2021-12-31 SC425418 2020-01-01 2020-12-31 SC425418 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 SC425418 bus:OrdinaryShareClass1 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC425418 (Scotland)

REVIE INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH THE REGISTRAR

REVIE INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021

Contents

REVIE INVESTMENTS LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2021
REVIE INVESTMENTS LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2021
Note 2021 2020
£ £
Fixed assets
Investment property 3 8,432,000 8,432,000
8,432,000 8,432,000
Current assets
Cash at bank and in hand 7,338,583 324,159
7,338,583 324,159
Creditors
Amounts falling due within one year 4 ( 8,196,564) ( 2,770,525)
Net current liabilities (857,981) (2,446,366)
Total assets less current liabilities 7,574,019 5,985,634
Creditors
Amounts falling due after more than one year 5 ( 1,080,875) 0
Provision for liabilities ( 214,360) ( 214,360)
Net assets 6,278,784 5,771,274
Capital and reserves
Called-up share capital 6 200 200
Profit and loss account 6,278,584 5,771,074
Total shareholders' funds 6,278,784 5,771,274

For the financial year ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Revie Investments Limited (registered number: SC425418) were approved and authorised for issue by the Director on 12 September 2022. They were signed on its behalf by:

R Leith-Parsons
Director
REVIE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
REVIE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Revie Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 3 Regency Court, Hamilton, ML3 7EA, Scotland, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, 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.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Investment property

Investment property
£
Valuation
As at 01 January 2021 8,432,000
As at 31 December 2021 8,432,000

Valuation

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market basis by refernece to market evidence of transaction prices for similar properties.

Historic cost

If the investment properties had been accounted for cost accounting rules, the properties would have been measured as follows:

2021 2020
£ £
Historic cost 6,190,106 6,190,106

4. Creditors: amounts falling due within one year

2021 2020
£ £
Other creditors 8,045,899 2,615,055
Corporation tax 119,046 120,231
Other taxation and social security 31,619 35,239
8,196,564 2,770,525

5. Creditors: amounts falling due after more than one year

2021 2020
£ £
Other creditors 1,080,875 0

6. Called-up share capital

2021 2020
£ £
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each 200 200

7. Related party transactions

Transactions with owners holding a participating interest in the entity

2021 2020
£ £
Amounts owed to key management personnel 828,280 2,613,155

Other related party transactions

2021 2020
£ £
Amounts owed to other related parties 8,080,875 0