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REGISTERED NUMBER: SC488494 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

REAL RENTING (SCOTLAND) LTD

REAL RENTING (SCOTLAND) LTD (REGISTERED NUMBER: SC488494)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


REAL RENTING (SCOTLAND) LTD

Company Information
for the Year Ended 31 October 2023







DIRECTOR: A A Binning





SECRETARY: Mrs L W Binning





REGISTERED OFFICE: 13 Glasgow Road
Paisley
Renfrewshire
PA1 3QS





REGISTERED NUMBER: SC488494 (Scotland)





ACCOUNTANTS: Profit Counts Limited
13 Glasgow Road
Paisley
Renfrewshire
PA1 3QS

REAL RENTING (SCOTLAND) LTD (REGISTERED NUMBER: SC488494)

Abridged Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 349,000 340,000
349,000 340,000

CURRENT ASSETS
Debtors - 520
Cash at bank 1,695 1,271
1,695 1,791
CREDITORS
Amounts falling due within one year (81,074 ) (78,517 )
NET CURRENT LIABILITIES (79,379 ) (76,726 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,621

263,274

CREDITORS
Amounts falling due after more than one
year

(157,452

)

(186,255

)

PROVISIONS FOR LIABILITIES (8,462 ) (6,752 )
NET ASSETS 103,707 70,267

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 103,607 70,167
SHAREHOLDERS' FUNDS 103,707 70,267

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

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

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 October 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.

REAL RENTING (SCOTLAND) LTD (REGISTERED NUMBER: SC488494)

Abridged Balance Sheet - continued
31 October 2023



The financial statements were approved by the director and authorised for issue on 12 September 2024 and were signed by:





A A Binning - Director


REAL RENTING (SCOTLAND) LTD (REGISTERED NUMBER: SC488494)

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

1. STATUTORY INFORMATION

Real Renting (Scotland) Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rent receivable from the portfolio of investment properties.

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 - 25% straight line

Investment property
Investment property is shown at fair value. 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.

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 3,127
DEPRECIATION
At 1 November 2022
and 31 October 2023 3,127
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

REAL RENTING (SCOTLAND) LTD (REGISTERED NUMBER: SC488494)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 340,000
Disposals (25,000 )
Revaluations 34,000
At 31 October 2023 349,000
NET BOOK VALUE
At 31 October 2023 349,000
At 31 October 2022 340,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 349,000

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 167,638 196,441

The bank loans are secured by standard security over the investment properties.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 November 2022 70,167
Profit for the year 33,440
At 31 October 2023 103,607

9. RELATED PARTY DISCLOSURES

At the Year end the Director was owed £20,222 (2022: £20,222).

A&L BPS Ltd:

Andrew Binning, a Director of the company is also a Director of A&L BPS Ltd. At the year end £46,233 (2022: £43,733) was owed by the company to A&L BPS Ltd.