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REGISTERED NUMBER: SC720009 (Scotland)





















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: L Duncan
A Robertson





REGISTERED OFFICE: 4 Barons Court
Grangemouth
Falkirk
FK3 8BH





REGISTERED NUMBER: SC720009 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
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 2,461
Tangible assets 5 300,074
302,535

CURRENT ASSETS
Debtors 6 169,784
Cash at bank 2,806
172,590
CREDITORS
Amounts falling due within one year 7 538,117
NET CURRENT LIABILITIES (365,527 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(62,992

)

CAPITAL AND RESERVES
Called up share capital 200
Retained earnings (63,192 )
SHAREHOLDERS' FUNDS (62,992 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 17 October 2023 and were signed on its behalf by:



L Duncan - Director


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 private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost and in accordance with the property
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on reducing balance

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 3,691
At 31 March 2023 3,691
AMORTISATION
Charge for period 1,230
At 31 March 2023 1,230
NET BOOK VALUE
At 31 March 2023 2,461

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
Additions 183,228 141,905 4,810 329,943
At 31 March 2023 183,228 141,905 4,810 329,943
DEPRECIATION
Charge for period 767 28,381 721 29,869
At 31 March 2023 767 28,381 721 29,869
NET BOOK VALUE
At 31 March 2023 182,461 113,524 4,089 300,074

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 169,784

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 3,601
Other creditors 534,516
538,117

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.