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REGISTERED NUMBER: SC216986 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

Reardons New City Limited

Reardons New City Limited (Registered number: SC216986)






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


Reardons New City Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: D S Links
B I Links





SECRETARY: B I Links





REGISTERED OFFICE: Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA





REGISTERED NUMBER: SC216986 (Scotland)





ACCOUNTANTS: Burgoyne Carey
Chartered Accountants
Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA

Reardons New City Limited (Registered number: SC216986)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,965 99,029
Investments 5 250,000 -
378,965 99,029

CURRENT ASSETS
Stocks 10,753 8,687
Debtors 6 400,780 395,559
Cash at bank and in hand 543,783 529,034
955,316 933,280
CREDITORS
Amounts falling due within one year 7 289,705 256,977
NET CURRENT ASSETS 665,611 676,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,044,576

775,332

CREDITORS
Amounts falling due after more than one
year

8

(21,645

)

(31,387

)

PROVISIONS FOR LIABILITIES (24,573 ) (13,099 )
NET ASSETS 998,358 730,846

CAPITAL AND RESERVES
Called up share capital 73,000 73,000
Retained earnings 925,358 657,846
SHAREHOLDERS' FUNDS 998,358 730,846

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 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.

Reardons New City Limited (Registered number: SC216986)

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 Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:




B I Links - Director



D S Links - Director


Reardons New City Limited (Registered number: SC216986)

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

1. STATUTORY INFORMATION

Reardons New City 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 represents amounts invoiced during the year net, exclusive of Value Added Tax.

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 - 10% on reducing balance
Motor vehicles - 25% on cost

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 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 25 (2022 - 24 ) .

Reardons New City Limited (Registered number: SC216986)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 August 2022 28,582 146,068 46,748 221,398
Additions - 5,420 49,815 55,235
At 31 July 2023 28,582 151,488 96,563 276,633
DEPRECIATION
At 1 August 2022 - 110,681 11,688 122,369
Charge for year - 4,080 21,219 25,299
At 31 July 2023 - 114,761 32,907 147,668
NET BOOK VALUE
At 31 July 2023 28,582 36,727 63,656 128,965
At 31 July 2022 28,582 35,387 35,060 99,029

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 250,000
At 31 July 2023 250,000
NET BOOK VALUE
At 31 July 2023 250,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,266 -
Amounts owed by participating interests 362,747 376,001
Prepayments 17,767 19,558
400,780 395,559

Reardons New City Limited (Registered number: SC216986)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,185 8,185
Trade creditors 86,862 76,488
Tax 96,733 92,080
Social security and other taxes 4,503 4,655
Pensions 964 938
VAT 33,008 27,751
Other creditors 313 1,718
Directors' current accounts 4,682 8,127
Accrued expenses 54,455 37,035
289,705 256,977

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 8,185 8,185
Bank loans - 2-5 years 13,460 23,202
21,645 31,387

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
D S Links
Balance outstanding at start of year (1,737 ) (1,147 )
Amounts advanced 3,459 6,910
Amounts repaid - (7,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,722 (1,737 )

B I Links
Balance outstanding at start of year (6,391 ) (3,626 )
Amounts advanced 8,113 -
Amounts repaid - (2,765 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,722 (6,391 )