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REGISTERED NUMBER: SC689501 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

RELIANT DEVELOPMENTS (SCOTLAND) LIMITED

RELIANT DEVELOPMENTS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC689501)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


RELIANT DEVELOPMENTS (SCOTLAND) LIMITED

COMPANY INFORMATION
for the year ended 28 FEBRUARY 2023







DIRECTORS: O I Aziz
Mrs F Aziz





REGISTERED OFFICE: 3 Clairmont Gardens
Glasgow
United Kingdom
G3 7LW





REGISTERED NUMBER: SC689501 (Scotland)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

RELIANT DEVELOPMENTS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC689501)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 260,000 -

CURRENT ASSETS
Debtors 5 1,497,604 1,568,350
Cash at bank 65 -
1,497,669 1,568,350
CREDITORS
Amounts falling due within one year 6 (1,823,090 ) (1,570,748 )
NET CURRENT LIABILITIES (325,421 ) (2,398 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(65,421

)

(2,398

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (65,423 ) (2,400 )
(65,421 ) (2,398 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 21 February 2024 and were signed on its behalf by:





O I Aziz - Director


RELIANT DEVELOPMENTS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC689501)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Reliant Developments (Scotland) Limited is a private company, limited by shares, registered in Scotland, registration number SC689501. The registered office is 3 Clairmont Gardens, Glasgow, United Kingdom, G3 7LW.

The principal activity of the company is investments.

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.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates
In preparing these financial statements, the directors are required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

The following judgements and estimates have had the most significant effects on amounts recognised in the financial statements:

Valuation of investment property
As noted below, investment property is included in the Statement of Financial Position at fair value. The valuation is based on the directors' consideration of several factors including previous professional valuations, local market conditions, estate agent valuations, and recent selling prices of similar properties.

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.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic 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.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances.

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.


RELIANT DEVELOPMENTS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC689501)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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 year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 260,000
At 28 February 2023 260,000
NET BOOK VALUE
At 28 February 2023 260,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 1,497,604 1,568,350

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,823,090 1,570,748