IRIS Accounts Production v24.1.0.578 SC667429 director 1.8.22 31.7.23 31.7.23 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6674292022-07-31SC6674292023-07-31SC6674292022-08-012023-07-31SC6674292021-07-31SC6674292021-08-012022-07-31SC6674292022-07-31SC667429ns15:Scotland2022-08-012023-07-31SC667429ns14:PoundSterling2022-08-012023-07-31SC667429ns10:Director12022-08-012023-07-31SC667429ns10:PrivateLimitedCompanyLtd2022-08-012023-07-31SC667429ns10:SmallEntities2022-08-012023-07-31SC667429ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-31SC667429ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-31SC667429ns10:FullAccounts2022-08-012023-07-31SC667429ns10:RegisteredOffice2022-08-012023-07-31SC667429ns5:CurrentFinancialInstruments2023-07-31SC667429ns5:CurrentFinancialInstruments2022-07-31SC667429ns5:Non-currentFinancialInstruments2023-07-31SC667429ns5:Non-currentFinancialInstruments2022-07-31SC667429ns5:ShareCapital2023-07-31SC667429ns5:ShareCapital2022-07-31SC667429ns5:RetainedEarningsAccumulatedLosses2023-07-31SC667429ns5:RetainedEarningsAccumulatedLosses2022-07-31SC667429ns5:LongLeaseholdAssetsns5:LandBuildings2022-08-012023-07-31SC667429ns5:FurnitureFittings2022-08-012023-07-31SC667429ns5:LongLeaseholdAssetsns5:LandBuildings2023-07-31SC667429ns5:FurnitureFittings2023-07-31SC667429ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-31SC667429ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31SC667429ns5:Secured2023-07-31SC667429ns5:Secured2022-07-31
REGISTERED NUMBER: SC667429 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

RB PROPERTY (SCOTLAND) LIMITED

RB PROPERTY (SCOTLAND) LIMITED (REGISTERED NUMBER: SC667429)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RB PROPERTY (SCOTLAND) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: R Bowman





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC667429 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

RB PROPERTY (SCOTLAND) LIMITED (REGISTERED NUMBER: SC667429)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 321,719 -
Investment property 5 726,859 126,232
1,048,578 126,232

CURRENT ASSETS
Debtors 6 61,991 15,761
Cash at bank 32 600
62,023 16,361
CREDITORS
Amounts falling due within one year 7 1,015,220 44,719
NET CURRENT LIABILITIES (953,197 ) (28,358 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,381

97,874

CREDITORS
Amounts falling due after more than one
year

8

93,730

93,730
NET ASSETS 1,651 4,144

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 1,647 4,140
1,651 4,144

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

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

The director acknowledges his 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.

RB PROPERTY (SCOTLAND) LIMITED (REGISTERED NUMBER: SC667429)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 22 April 2024 and were signed by:





R Bowman - Director


RB PROPERTY (SCOTLAND) LIMITED (REGISTERED NUMBER: SC667429)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

RB Property (Scotland) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 5% on a straight line basis
Fixtures and fittings - 15% on a reducing balance basis

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 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 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 1 (2022 - NIL ) .

RB PROPERTY (SCOTLAND) LIMITED (REGISTERED NUMBER: SC667429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
Additions 302,645 40,242 342,887
At 31 July 2023 302,645 40,242 342,887
DEPRECIATION
Charge for year 15,132 6,036 21,168
At 31 July 2023 15,132 6,036 21,168
NET BOOK VALUE
At 31 July 2023 287,513 34,206 321,719

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 126,232
Additions 600,627
At 31 July 2023 726,859
NET BOOK VALUE
At 31 July 2023 726,859
At 31 July 2022 126,232

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 61,991 15,761

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 535 10,914
Taxation and social security - 425
Other creditors 1,014,685 33,380
1,015,220 44,719

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 93,730 93,730

RB PROPERTY (SCOTLAND) LIMITED (REGISTERED NUMBER: SC667429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 93,730 93,730

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 93,730 93,730

The bank loan is secured by a standard security over the investment property.