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REGISTERED NUMBER: SC271128 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 January 2024

for

RENEWABLE DEVELOPMENTS SCOTLAND LIMITED

RENEWABLE DEVELOPMENTS SCOTLAND LIMITED (REGISTERED NUMBER: SC271128)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RENEWABLE DEVELOPMENTS SCOTLAND LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: D Hendry
Ms C Hendry





REGISTERED OFFICE: Oakfield House
378 Brandon Street
Motherwell
ML1 1XA





REGISTERED NUMBER: SC271128 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

RENEWABLE DEVELOPMENTS SCOTLAND LIMITED (REGISTERED NUMBER: SC271128)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 57,036 64,165
Investment property 5 253,950 253,950
310,986 318,115

CURRENT ASSETS
Cash at bank and in hand 5,840 6,162

CREDITORS
Amounts falling due within one year 6 (180,371 ) (191,871 )
NET CURRENT LIABILITIES (174,531 ) (185,709 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,455

132,406

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 136,445 132,396
SHAREHOLDERS' FUNDS 136,455 132,406

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.

RENEWABLE DEVELOPMENTS SCOTLAND LIMITED (REGISTERED NUMBER: SC271128)

Balance Sheet - continued
31 January 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 30 October 2024 and were signed on its behalf by:





D Hendry - Director


RENEWABLE DEVELOPMENTS SCOTLAND LIMITED (REGISTERED NUMBER: SC271128)

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

1. STATUTORY INFORMATION

Renewable Developments Scotland 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.

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 etc - 25% on cost and 10% 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.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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 NIL (2023 - NIL).

RENEWABLE DEVELOPMENTS SCOTLAND LIMITED (REGISTERED NUMBER: SC271128)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 72,581
DEPRECIATION
At 1 February 2023 8,416
Charge for year 7,129
At 31 January 2024 15,545
NET BOOK VALUE
At 31 January 2024 57,036
At 31 January 2023 64,165

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 253,950
NET BOOK VALUE
At 31 January 2024 253,950
At 31 January 2023 253,950

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 180,371 191,871