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REGISTERED NUMBER: SC250145 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

RAL 7016 Limited

RAL 7016 Limited (Registered number: SC250145)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

RAL 7016 Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: W J Reynolds
Mrs L M Reynolds





SECRETARY: Mrs L M Reynolds





REGISTERED OFFICE: 1 Tulloch Street
Dingwall
Ross-shire
IV15 9JY





REGISTERED NUMBER: SC250145 (Scotland)





ACCOUNTANTS: Innes & Partners Limited
Chartered Certified Accountants
9 Ardross Street
Inverness
IV3 5NN

RAL 7016 Limited (Registered number: SC250145)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 442 520
Investments 6 15,080 15,080
Investment property 7 639,129 443,643
654,651 459,243

CURRENT ASSETS
Debtors 8 4,217 2,390
Cash at bank 117,890 182,443
122,107 184,833
CREDITORS
Amounts falling due within one year 9 68,932 61,625
NET CURRENT ASSETS 53,175 123,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

707,826

582,451

CREDITORS
Amounts falling due after more than one year 10 (9,057 ) (15,116 )

PROVISIONS FOR LIABILITIES (111 ) (99 )
NET ASSETS 698,658 567,236

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 697,658 566,236
SHAREHOLDERS' FUNDS 698,658 567,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

RAL 7016 Limited (Registered number: SC250145)

Balance Sheet - continued
31 March 2024


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 9 September 2024 and were signed on its behalf by:





W J Reynolds - Director


RAL 7016 Limited (Registered number: SC250145)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

RAL 7016 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about RAL 7016 Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


RAL 7016 Limited (Registered number: SC250145)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,725
AMORTISATION
At 1 April 2023
and 31 March 2024 30,725
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

RAL 7016 Limited (Registered number: SC250145)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 9,662 26,679 36,341
DEPRECIATION
At 1 April 2023 9,142 26,679 35,821
Charge for year 78 - 78
At 31 March 2024 9,220 26,679 35,899
NET BOOK VALUE
At 31 March 2024 442 - 442
At 31 March 2023 520 - 520

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 80 15,000 15,080
NET BOOK VALUE
At 31 March 2024 80 15,000 15,080
At 31 March 2023 80 15,000 15,080

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 443,643
Additions 195,486
At 31 March 2024 639,129
NET BOOK VALUE
At 31 March 2024 639,129
At 31 March 2023 443,643

In the opinion of the directors, the valuation of the investment properties remains unchanged for this financial year.

RAL 7016 Limited (Registered number: SC250145)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 375
Other debtors 4,217 2,015
4,217 2,390

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,393 6,255
Amounts owed to group undertakings 303 -
Taxation and social security 28,673 19,937
Other creditors 33,563 35,433
68,932 61,625

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,057 15,116

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary B £1 100 100
888 Ordinary C £1 888 888
6 Ordinary D £1 6 6
6 Ordinary E £1 6 6
1,000 1,000

12. RELATED PARTY DISCLOSURES

During the year the company received management charges of £100,000 from Reynolds Architecture Limited, a company in which W J Reynolds is a director. Included within other creditors is £303 due to Reynolds Architecture Limited.

13. ULTIMATE CONTROLLING PARTY

The controlling party is W J Reynolds.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
RAL 7016 Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RAL 7016 Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of RAL 7016 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RAL 7016 Limited and state those matters that we have agreed to state to the Board of Directors of RAL 7016 Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RAL 7016 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RAL 7016 Limited. You consider that RAL 7016 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RAL 7016 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Innes & Partners Limited
Chartered Certified Accountants
9 Ardross Street
Inverness
IV3 5NN


9 September 2024