2023-03-01 2024-02-29 false No description of principal activity Capium Accounts Production 1.1 SC689529 bus:FullAccounts 2023-03-01 2024-02-29 SC689529 bus:FRS102 2023-03-01 2024-02-29 SC689529 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 SC689529 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC689529 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC689529 2023-03-01 2024-02-29 SC689529 2024-02-29 SC689529 bus:RegisteredOffice 2023-03-01 2024-02-29 SC689529 core:WithinOneYear 2024-02-29 SC689529 core:AfterOneYear 2024-02-29 SC689529 bus:Director1 2023-03-01 2024-02-29 SC689529 bus:Director1 2024-02-29 SC689529 bus:Director1 2022-03-01 2023-02-28 SC689529 2022-03-01 SC689529 bus:LeadAgentIfApplicable 2023-03-01 2024-02-29 SC689529 2022-03-01 2023-02-28 SC689529 2023-02-28 SC689529 core:WithinOneYear 2023-02-28 SC689529 core:AfterOneYear 2023-02-28 SC689529 bus:EntityAccountantsOrAuditors 2022-03-01 2023-02-28 SC689529 core:PlantMachinery 2023-03-01 2024-02-29 SC689529 core:PlantMachinery 2024-02-29 SC689529 core:PlantMachinery 2023-02-28 SC689529 core:InvestmentProperties 2023-03-01 2024-02-29 SC689529 core:InvestmentProperties 2024-02-29 SC689529 core:InvestmentProperties 2023-02-28 SC689529 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-02-29 SC689529 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-02-28 SC689529 core:CostValuation core:Non-currentFinancialInstruments 2024-02-29 SC689529 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 SC689529 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-02-29 SC689529 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-29 SC689529 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-29 SC689529 core:Non-currentFinancialInstruments 2024-02-29 SC689529 core:Non-currentFinancialInstruments 2023-02-28 SC689529 core:ShareCapital 2024-02-29 SC689529 core:ShareCapital 2023-02-28 SC689529 core:RetainedEarningsAccumulatedLosses 2024-02-29 SC689529 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC689529 dpl:Item1 2023-03-01 SC689529 dpl:Item1 2024-02-29 SC689529 dpl:Item1 2022-03-01 SC689529 dpl:Item1 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: SC689529
Scotland

 

 

 


Unaudited Financial Statements

for the year ended 29 February 2024

for

REID INVESTMENTS LTD

Director Alexander Reid
Registered Number SC689529
Registered Office 5 South Charlotte Street
Edinburgh
EH2 4AN
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 29 February 2024.
Director
The director who served the company throughout the year was as follows:
Alexander Reid
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Alexander Reid
Director

Date approved: 22 November 2024
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Reid Investments Ltd for the year ended 29 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Reid Investments Ltd for the year ended 29 February 2024 as set out on pages Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the 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 Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Reid Investments Ltd , as a body, in accordance with the terms of our engagement letter.

Our work has been undertaken solely to prepare for your approval the accounts of Reid Investments Ltd and state those matters that we have agreed to state to the Board of Directors of Reid Investments Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reid Investments Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Reid Investments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Reid Investments Ltd.

You consider that Reid Investments Ltd 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 accounts of Reid Investments Ltd. 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 account 29 February 2024













....................................................
FBD Consultancy Accounts & Tax Ltd.
2 Glasgow Road
Dennyloanhead
Stirlingshire
FK4 1QF
22 November 2024
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 300,104    300,157 
300,104    300,157 
Current assets      
Debtors 4 575   
Cash at bank and in hand 1,808    22,513 
2,383    22,513 
Creditors: amount falling due within one year 5 (73,918)   (91,279)
Net current assets (71,535)   (68,766)
 
Total assets less current liabilities 228,569    231,391 
Creditors: amount falling due after more than one year 6 (180,000)   (180,000)
Provisions for liabilities 7 (10,999)   (11,009)
Net assets 37,570    40,382 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 37,569    40,381 
Shareholders' funds 37,570    40,382 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 22 November 2024 and were signed by:


-------------------------------
Alexander Reid
Director
4
General Information
Reid Investments Ltd is a private company, limited by shares, registered in Scotland, registration number SC689529, registration address 5 South Charlotte Street, Edinburgh, EH2 4AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 4 years Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Investment properties   Total
  £   £   £
At 01 March 2023 209    300,000    300,209 
Additions    
Disposals    
At 29 February 2024 209    300,000    300,209 
Depreciation
At 01 March 2023 52      52 
Charge for year 53      53 
On disposals    
At 29 February 2024 105      105 
Net book values
Closing balance as at 29 February 2024 104    300,000    300,104 
Opening balance as at 01 March 2023 157    300,000    300,157 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Accrued Income 575   
575   

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 1,017    796 
Accrued Expenses 1,546    1,394 
Other Creditors (12,129)  
Directors' Current Accounts 83,484    89,089 
73,918    91,279 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured) 180,000    180,000 
180,000    180,000 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 10,999    11,009 
10,999    11,009 

5