REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Period 17 January 2022 to 31 March 2023 |
for |
REWD Black Loch Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Period 17 January 2022 to 31 March 2023 |
for |
REWD Black Loch Limited |
REWD Black Loch Limited (Registered number: SC720009) |
Contents of the Financial Statements |
For The Period 17 January 2022 to 31 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
REWD Black Loch Limited |
Company Information |
For The Period 17 January 2022 to 31 March 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1 Cambuslang Court |
Cambuslang |
Glasgow |
Strathclyde |
G32 8FH |
REWD Black Loch Limited (Registered number: SC720009) |
Balance Sheet |
31 March 2023 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
REWD Black Loch Limited (Registered number: SC720009) |
Notes to the Financial Statements |
For The Period 17 January 2022 to 31 March 2023 |
1. | STATUTORY INFORMATION |
REWD Black Loch Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Financial instruments |
Debtors |
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
Creditors |
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
Cash and Bank Balances |
Cash and bank balances are measured at the transaction price. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
REWD Black Loch Limited (Registered number: SC720009) |
Notes to the Financial Statements - continued |
For The Period 17 January 2022 to 31 March 2023 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
Additions |
At 31 March 2023 |
AMORTISATION |
Charge for period |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings | Totals |
£ | £ | £ | £ |
COST |
Additions |
At 31 March 2023 |
DEPRECIATION |
Charge for period |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
REWD Black Loch Limited (Registered number: SC720009) |
Notes to the Financial Statements - continued |
For The Period 17 January 2022 to 31 March 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Other creditors | 200,000 |
Sanjive Sharma holds security over all and whole the premises at Limerigg, Falkirk title number LAN92347. |
9. | RELATED PARTY DISCLOSURES |
At 31/03/2023, REWD Black Loch Ltd was owed £162,441 by REWD Developments Ltd. REWD Black Loch Ltd is a wholly owned subsidiary of REWD Developments Ltd. This loan was provided interest free and has no fixed repayment terms. |
At 31/03/2023, REWD Black Loch Ltd owed £327,800 to Real Estate Wealth Development Holdings Ltd. These companies share directors. This loan was provided interest free and has no fixed repayment terms. |
At 31/03/2023, REWD Black Loch Ltd owed £2,366 to Real Property Scotland Ltd. These companies share directors. This loan was provided interest free and has no fixed repayment terms. |
At 31/03/2023, REWD Black Loch Ltd owed £2,850 to Real Estate Wealth Development Ltd. These companies share directors. This loan was provided interest free and has no fixed repayment terms. |