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RUSSELL ROAD EDINBURGH LIMITED

Registered Number
SC645380
(Scotland)

Unaudited Financial Statements for the Year ended
31 October 2023

RUSSELL ROAD EDINBURGH LIMITED
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

CINGI, Ceyhun
KEANE, Robert
LONG, Conal

Registered Address

19 Adelphi
Aberdeen
AB11 5BL

Registered Number

SC645380 (Scotland)
RUSSELL ROAD EDINBURGH LIMITED
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Called up share capital not paid300300
Fixed assets
Tangible assets32,112,8312,112,831
2,112,8312,112,831
Current assets
Stocks416,885-
Debtors10414,275
Cash at bank and on hand13,72722,762
30,71637,037
Creditors amounts falling due within one year5(6,607)(7,353)
Net current assets (liabilities)24,40929,984
Total assets less current liabilities2,137,2402,142,815
Creditors amounts falling due after one year6(2,092,189)(2,112,189)
Net assets45,05130,626
Capital and reserves
Called up share capital300300
Profit and loss account44,75130,326
Shareholders' funds45,05130,626
The financial statements were approved and authorised for issue by the Board of Directors on 29 July 2024, and are signed on its behalf by:
KEANE, Robert
Director
Registered Company No. SC645380
RUSSELL ROAD EDINBURGH LIMITED
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 November 222,112,8312,112,831
At 31 October 232,112,8312,112,831
Net book value
At 31 October 232,112,8312,112,831
At 31 October 222,112,8312,112,831
4.Stocks

2023

2022

££
Work in progress16,885-
Total16,885-
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables713-
Taxation and social security3,4317,113
Accrued liabilities and deferred income2,463240
Total6,6077,353
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Other creditors2,092,1892,112,189
Total2,092,1892,112,189