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REGISTERED NUMBER: SC653121 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

RLD PROPERTY LTD

RLD PROPERTY LTD (REGISTERED NUMBER: SC653121)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


RLD PROPERTY LTD (REGISTERED NUMBER: SC653121)

ABRIDGED BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,412 47,216
Investment property 5 161,986 161,986
197,398 209,202

CURRENT ASSETS
Cash at bank 1,037 1,555

CREDITORS
Amounts falling due within one year 100,597 91,417
NET CURRENT LIABILITIES (99,560 ) (89,862 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,838

119,340

CREDITORS
Amounts falling due after more than one
year

6

97,500

112,756
NET ASSETS 338 6,584

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 238 6,484
338 6,584

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.

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 Balance Sheet for the year ended 31 January 2024 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.

RLD PROPERTY LTD (REGISTERED NUMBER: SC653121)

ABRIDGED BALANCE SHEET - continued
31 January 2024



The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





R D Devine - Director


RLD PROPERTY LTD (REGISTERED NUMBER: SC653121)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Rld Property Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC653121

Registered office: 6 Langhill Drive
Cumbernauld
Glasgow
G68 9AP

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Plant and machinery - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

RLD PROPERTY LTD (REGISTERED NUMBER: SC653121)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 67,851
DEPRECIATION
At 1 February 2023 20,635
Charge for year 11,804
At 31 January 2024 32,439
NET BOOK VALUE
At 31 January 2024 35,412
At 31 January 2023 47,216

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 161,986
NET BOOK VALUE
At 31 January 2024 161,986
At 31 January 2023 161,986

The investment property was purchased at market value in October 2020. The directors are of the opinion that there has been no material change in valuation from this date.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.1.24 31.1.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 10,649 20,607

7. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 78,043 88,001

At bank loan is secured by a fixed charge over the investment property held by the company.