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REGISTERED NUMBER: SC119285 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Rubislaw Estates Ltd

Rubislaw Estates Ltd (Registered number: SC119285)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rubislaw Estates Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr J S C Davidson
Ms A Davidson
Ms K Davidson





REGISTERED OFFICE: Kingshill House
Kingswells
Aberdeen
AB15 8QB





REGISTERED NUMBER: SC119285 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Rubislaw Estates Ltd (Registered number: SC119285)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,717 6,228

CURRENT ASSETS
Stocks 75,393 32,428
Debtors 5 431,654 385,878
Cash at bank 12,002 98,123
519,049 516,429
CREDITORS
Amounts falling due within one year 6 95,601 83,430
NET CURRENT ASSETS 423,448 432,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

430,165

439,227

PROVISIONS FOR LIABILITIES 1,276 1,184
NET ASSETS 428,889 438,043

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 428,789 437,943
SHAREHOLDERS' FUNDS 428,889 438,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Rubislaw Estates Ltd (Registered number: SC119285)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:





Mr J S C Davidson - Director


Rubislaw Estates Ltd (Registered number: SC119285)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Rubislaw Estates 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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 3 (2023 - 3 ) .

Rubislaw Estates Ltd (Registered number: SC119285)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 7,680 308 4,002 11,990
Additions 2,261 - - 2,261
At 31 January 2024 9,941 308 4,002 14,251
DEPRECIATION
At 1 February 2023 2,942 282 2,538 5,762
Charge for year 1,400 6 366 1,772
At 31 January 2024 4,342 288 2,904 7,534
NET BOOK VALUE
At 31 January 2024 5,599 20 1,098 6,717
At 31 January 2023 4,738 26 1,464 6,228


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 431,654 385,878

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 91,117 80,323
Social security and other taxes - 105
Accrued expenses 4,484 3,002
95,601 83,430

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mr J S C Davidson
Balance outstanding at start of year 293,591 186,855
Amounts advanced 64,594 121,443
Amounts repaid (33,930 ) (14,707 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 324,255 293,591

Rubislaw Estates Ltd (Registered number: SC119285)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Ms A Davidson
Balance outstanding at start of year 50 (200 )
Amounts advanced 1,800 1,250
Amounts repaid - (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,850 50

Ms K Davidson
Balance outstanding at start of year 50 (200 )
Amounts advanced 600 1,250
Amounts repaid - (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 650 50

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J S C Davidson.