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REGISTERED NUMBER: SC098435 (Scotland)















Unaudited Financial Statements for the Year Ended 30 March 2024

for

Ronatree Limited

Ronatree Limited (Registered number: SC098435)






Contents of the Financial Statements
for the Year Ended 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ronatree Limited

Company Information
for the Year Ended 30 March 2024







DIRECTOR: D A Walker





SECRETARY: I H Walker





REGISTERED OFFICE: Units 10,11 & 12 Block 22
Kilspindie Road
Dunsinane Industrial Estate
Dundee





REGISTERED NUMBER: SC098435 (Scotland)





ACCOUNTANTS: Winton & Co
16 Hamilton Street
Broughty Ferry
Dundee
DD5 2NR

Ronatree Limited (Registered number: SC098435)

Balance Sheet
30 March 2024

30.3.24 30.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,000,000 2,000,000

CURRENT ASSETS
Debtors 5 6,394 371
Cash at bank 53,110 63,566
59,504 63,937
CREDITORS
Amounts falling due within one year 6 86,079 146,713
NET CURRENT LIABILITIES (26,575 ) (82,776 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,973,425

1,917,224

PROVISIONS FOR LIABILITIES 7 227,800 173,128
NET ASSETS 1,745,625 1,744,096

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 8 50 50
Retained earnings 8 1,745,525 1,743,996
SHAREHOLDERS' FUNDS 1,745,625 1,744,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2024 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.

Ronatree Limited (Registered number: SC098435)

Balance Sheet - continued
30 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 director and authorised for issue on 25 November 2024 and were signed by:





D A Walker - Director


Ronatree Limited (Registered number: SC098435)

Notes to the Financial Statements
for the Year Ended 30 March 2024

1. STATUTORY INFORMATION

Ronatree 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises rents receivable during the during the period net of value added tax.

Tangible fixed assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent impairment losses.
An increase in the carrying amount of an asset as result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit and loss.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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.


Ronatree Limited (Registered number: SC098435)

Notes to the Financial Statements - continued
for the Year Ended 30 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.

Cash at bank
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Debtors

Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle an obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 31 March 2023
and 30 March 2024 2,000,000 28,381 2,028,381
DEPRECIATION
At 31 March 2023
and 30 March 2024 - 28,381 28,381
NET BOOK VALUE
At 30 March 2024 2,000,000 - 2,000,000
At 30 March 2023 2,000,000 - 2,000,000

The historical cost of investment properties included at valuation is £634,993 (2023 - £634,993). A valuation of £2,000,000 has been placed on the freehold premises by Graham & Sibbald.

Ronatree Limited (Registered number: SC098435)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2021 2,000,000 28,381 2,028,381

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Trade debtors 6,000 -
Other debtors 394 371
6,394 371

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Trade creditors 83 68
Taxation and social security 77,274 56,806
Other creditors 8,722 89,839
86,079 146,713

7. PROVISIONS FOR LIABILITIES
30.3.24 30.3.23
£    £   
Deferred tax 227,800 173,128

Deferred
tax
£   
Balance at 31 March 2023 173,128
Provided during year 54,672
Balance at 30 March 2024 227,800

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 31 March 2023 1,743,996 50 1,744,046
Profit for the year 141,529 141,529
Dividends (140,000 ) (140,000 )
At 30 March 2024 1,745,525 50 1,745,575

Ronatree Limited (Registered number: SC098435)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is D A Walker.