Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-01-01No description of principal activity21truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC351273 2023-01-01 2024-03-31 SC351273 2022-01-01 2022-12-31 SC351273 2024-03-31 SC351273 2022-12-31 SC351273 c:Director1 2023-01-01 2024-03-31 SC351273 c:Director2 2023-01-01 2024-03-31 SC351273 c:Director2 2024-03-31 SC351273 c:RegisteredOffice 2023-01-01 2024-03-31 SC351273 d:PlantMachinery 2023-01-01 2024-03-31 SC351273 d:PlantMachinery 2024-03-31 SC351273 d:PlantMachinery 2022-12-31 SC351273 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2024-03-31 SC351273 d:FurnitureFittings 2023-01-01 2024-03-31 SC351273 d:FurnitureFittings 2024-03-31 SC351273 d:FurnitureFittings 2022-12-31 SC351273 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2024-03-31 SC351273 d:OwnedOrFreeholdAssets 2023-01-01 2024-03-31 SC351273 d:FreeholdInvestmentProperty 2024-03-31 SC351273 d:FreeholdInvestmentProperty 2022-12-31 SC351273 d:CurrentFinancialInstruments 2024-03-31 SC351273 d:CurrentFinancialInstruments 2022-12-31 SC351273 d:Non-currentFinancialInstruments 2024-03-31 SC351273 d:Non-currentFinancialInstruments 2022-12-31 SC351273 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC351273 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC351273 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC351273 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 SC351273 d:ShareCapital 2024-03-31 SC351273 d:ShareCapital 2022-12-31 SC351273 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC351273 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC351273 c:OrdinaryShareClass1 2023-01-01 2024-03-31 SC351273 c:OrdinaryShareClass1 2024-03-31 SC351273 c:OrdinaryShareClass1 2022-12-31 SC351273 c:FRS102 2023-01-01 2024-03-31 SC351273 c:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 SC351273 c:FullAccounts 2023-01-01 2024-03-31 SC351273 c:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 SC351273 e:PoundSterling 2023-01-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC351273










RENNIE PROPERTY SERVICES LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 
RENNIE PROPERTY SERVICES LIMITED
 

COMPANY INFORMATION


Directors
Mr K T Rennie 
Ms E C Rennie (appointed 17 September 2023)




Registered number
SC351273



Registered office
Old Town House
High Street

Falkland

KY15 7BU




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
RENNIE PROPERTY SERVICES LIMITED
REGISTERED NUMBER: SC351273

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
31 December
2024
2022
£
£

Fixed assets
  

Tangible assets
 4 
17,846
24,109

Investment property
 5 
597,385
597,385

  
615,231
621,494

Current assets
  

Debtors: amounts falling due within one year
 6 
8,224
-

Bank and cash balances
  
13,161
5,029

  
21,385
5,029

Creditors: amounts falling due within one year
 7 
(6,988)
(8,725)

Net current assets/(liabilities)
  
 
 
14,397
 
 
(3,696)

Total assets less current liabilities
  
629,628
617,798

Creditors: amounts falling due after more than one year
 8 
(640,478)
(638,670)

  

Net liabilities
  
(10,850)
(20,872)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(10,851)
(20,873)

  
(10,850)
(20,872)


Page 1

 
RENNIE PROPERTY SERVICES LIMITED
REGISTERED NUMBER: SC351273

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr K T Rennie
Director

Date: 20 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
RENNIE PROPERTY SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Rennie Property Services Limited is a private company, limited by shares and incorporated in Scotland, regiatration number SC351273. The registered office address is Old Town House, High Street, Falkland, KY15 7BU. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 
The company extended its year end to 31 March 2024 and consequently, these financial statements cover
the 15 month period ended 31 March 2024.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, notwithstanding, the company has net liabilities of £10,850. The company is reliant upon the continued support of the parent company and the company, therefore, adopts the going concern basis in preparing the financial statements.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
RENNIE PROPERTY SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Fixtures and fittings
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the period was 2 (2022 - 1).

Page 4

 
RENNIE PROPERTY SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets







Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2023
8,028
19,765
27,793


Additions
-
2,666
2,666



At 31 March 2024

8,028
22,431
30,459



Depreciation


At 1 January 2023
-
3,684
3,684


Charge for the period on owned assets
2,007
6,922
8,929



At 31 March 2024

2,007
10,606
12,613



Net book value



At 31 March 2024
6,021
11,825
17,846



At 31 December 2022
8,028
16,081
24,109


5.


Investment property





Freehold investment property

£



Valuation


At 1 January 2023
597,385



At 31 March 2024
597,385

The 2024 valuations were made by the directors, on an open market value for existing use basis.






Page 5

 
RENNIE PROPERTY SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Debtors

31 March
31 December
2024
2022
£
£


Trade debtors
5,760
-

Amounts owed by group undertakings
2,464
-

8,224
-



7.


Creditors: Amounts falling due within one year

31 March
31 December
2024
2022
£
£

Bank loans
-
4,800

Trade creditors
123
2,005

Accruals and deferred income
6,865
1,920

6,988
8,725





8.


Creditors: Amounts falling due after more than one year

31 March
31 December
2024
2022
£
£

Bank loans
-
140,380

Amounts owed to group undertakings
640,478
498,290

640,478
638,670





9.


Share capital

31 March
31 December
2024
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



Page 6