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REGISTERED NUMBER: SC613722 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Bobby Ross (Redhill) Limited

Bobby Ross (Redhill) Limited (Registered number: SC613722)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Bobby Ross (Redhill) Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: C R Ross





REGISTERED OFFICE: Alltan
Newton
Acharacle
Argyll
PH36 4LB





REGISTERED NUMBER: SC613722 (Scotland)





ACCOUNTANTS: Stewart & Stewart Ltd
Chartered Accountants
Achorn House
34 Millbank Road
Munlochy
Ross-Shire
IV8 8ND

Bobby Ross (Redhill) Limited (Registered number: SC613722)

Abridged Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,846 9,691
Tangible assets 5 860,699 743,800
Investment property 6 569,061 569,061
1,434,606 1,322,552

CURRENT ASSETS
Stocks 420,717 459,369
Debtors 258,476 173,594
Cash at bank 142,023 142,837
821,216 775,800
CREDITORS
Amounts falling due within one year 1,994,753 1,860,330
NET CURRENT LIABILITIES (1,173,537 ) (1,084,530 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,069

238,022

CREDITORS
Amounts falling due after more than one
year

(16,666

)

(24,831

)

PROVISIONS FOR LIABILITIES (12,646 ) (2,517 )
NET ASSETS 231,757 210,674

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 231,756 210,673
231,757 210,674

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

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

Bobby Ross (Redhill) Limited (Registered number: SC613722)

Abridged Balance Sheet - continued
31 May 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 January 2024 and were signed by:





C R Ross - Director


Bobby Ross (Redhill) Limited (Registered number: SC613722)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Bobby Ross (Redhill) 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.

As at the period end, the company had net current liabilities of £1,173,537 (2022 - £1,084,530). A total of £1,803,377 was due to related group companies (2022 - £1,796,429). The director has confirmed that the related companies will not seek repayment of loans to the detriment of third parties and that they will continue to provide sufficient funding so as to ensure that the company is able to meet its financial obligations as they fall due. Accordingly, the director considers it appropriate to adopt the going concern basis in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract. Turnover is recognised when the amount of turnover can be measured reliably, it is probable that the Company will receive the consideration due under the contract, the stage of completion of the contract at the end of the reporting period can be measured reliably and when the costs incurred and the costs to complete the contract can be measured reliably.

Intangible assets
Intangible assets purchased in 2021 have been amortised in order to write them off over their estimated useful life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost and not provided
Plant and machinery - 15% on reducing balance
Furniture, fixtures & fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment properties are those properties that are held either to earn rental income or for capital appreciation or both. Investment properties are measured initially at cost including transaction costs and thereafter are stated at fair value, which reflects market conditions at the balance sheet date. Gains and losses arising from changes in the fair value of investment properties are recognised in the income statement in the year in which they arise.

Investment properties are stated at fair value as determined by the Director. In determining the fair value of each investment property, the Director makes use of historical and current market data as well as existing lease agreements.

Bobby Ross (Redhill) Limited (Registered number: SC613722)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs incurred in bringing the stock to its present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 14,537
AMORTISATION
At 1 June 2022 4,846
Amortisation for year 4,845
At 31 May 2023 9,691
NET BOOK VALUE

At 31 May 2023 4,846
At 31 May 2022 9,691

Bobby Ross (Redhill) Limited (Registered number: SC613722)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 757,968
Additions 129,402
At 31 May 2023 887,370
DEPRECIATION
At 1 June 2022 14,168
Charge for year 12,503
At 31 May 2023 26,671
NET BOOK VALUE
At 31 May 2023 860,699
At 31 May 2022 743,800

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 569,061
NET BOOK VALUE
At 31 May 2023 569,061
At 31 May 2022 569,061