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REGISTERED NUMBER: SC721081 (Scotland)





















Unaudited Financial Statements

For The Period 26 January 2022 to 31 March 2023

for

REWD LADZ Ltd

REWD LADZ Ltd (Registered number: SC721081)






Contents of the Financial Statements
For The Period 26 January 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REWD LADZ Ltd

Company Information
For The Period 26 January 2022 to 31 March 2023







DIRECTORS: L Duncan
A Robertson





REGISTERED OFFICE: 4 Barons Court
Grangemouth
Falkirk
FK3 8BH





REGISTERED NUMBER: SC721081 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

REWD LADZ Ltd (Registered number: SC721081)

Balance Sheet
31 March 2023

Notes £    £   
FIXED ASSETS
Investment property 4 445,000

CURRENT ASSETS
Debtors 5 252,893
Cash at bank and in hand 391
253,284
CREDITORS
Amounts falling due within one year 6 431,240
NET CURRENT LIABILITIES (177,956 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,044

CREDITORS
Amounts falling due after more than one
year

7

(198,294

)

PROVISIONS FOR LIABILITIES (12,990 )
NET ASSETS 55,760

CAPITAL AND RESERVES
Called up share capital 200
Fair value reserve 9 89,082
Retained earnings (33,522 )
SHAREHOLDERS' FUNDS 55,760

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.

REWD LADZ Ltd (Registered number: SC721081)

Balance Sheet - continued
31 March 2023


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 26 October 2023 and were signed on its behalf by:





L Duncan - Director


REWD LADZ Ltd (Registered number: SC721081)

Notes to the Financial Statements
For The Period 26 January 2022 to 31 March 2023

1. STATUTORY INFORMATION

REWD LADZ Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

REWD LADZ Ltd (Registered number: SC721081)

Notes to the Financial Statements - continued
For The Period 26 January 2022 to 31 March 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 342,928
Revaluations 102,072
At 31 March 2023 445,000
NET BOOK VALUE
At 31 March 2023 445,000

The properties have been professionally valued and are assessed by the directors as being at a fair value as at 31/03/2023.

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 445,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 126
Other debtors 252,767
252,893

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 472
Other creditors 430,768
431,240

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 198,294

REWD LADZ Ltd (Registered number: SC721081)

Notes to the Financial Statements - continued
For The Period 26 January 2022 to 31 March 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 198,294
Other creditors 40,000
238,294

Javier Perez Saez holds security over Flat A, 109 High Street, Brechin.
Together Commercial Finance Ltd holds security over Flat B, 109 High Street, Brechin.
Together Commercial Finance Ltd holds security over Flat C, 109 High Street, Brechin.
Together Commercial Finance Ltd holds security over Flat 3/R, 5 Dee Place, Aberdeen.
Together Commercial Finance Ltd holds security over 112 Cairnwell Driver, Aberdeen.

9. RESERVES
Fair
value
reserve
£   
Transfer to fair value reserve 102,072
Deferred tax on revaluation (12,990 )

At 31 March 2023 89,082

10. RELATED PARTY DISCLOSURES

As at 31/03/2023, REWD LADZ Ltd was owed £250,000 from Real Estate Wealth Development Holdings Ltd. REWD LADZ is a 51% subsidiary of Real Estate Wealth Development Holdings Ltd.
As at 31/03/2023, REWD LADZ Ltd owed £103,466 to Real Estate Wealth Development Ltd. These companies share directors.
As at 31/03/2023, REWD LADZ Ltd owed £22,000 to REWD Developments. These companies share directors.
As at 31/03/2023, REWD LADZ Ltd owed £500 to REWD Manors Ltd. These companies share directors.