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REGISTERED NUMBER: SC236684 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Reidsville Estates Limited

Reidsville Estates Limited (Registered number: SC236684)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Reidsville Estates Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: J R Reid





SECRETARY: J R Reid





REGISTERED OFFICE: The Cooper Building
505 Great Western Road
GLASGOW
G12 8HN





REGISTERED NUMBER: SC236684 (Scotland)





ACCOUNTANTS: The Kelvin Partnership Ltd
Chartered Accountants
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

Reidsville Estates Limited (Registered number: SC236684)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 331,745 59,995
331,745 59,995

CURRENT ASSETS
Debtors 6 25,000 50,000
Cash at bank 26,288 294,279
51,288 344,279
CREDITORS
Amounts falling due within one year 7 1,040 5,016
NET CURRENT ASSETS 50,248 339,263
TOTAL ASSETS LESS CURRENT
LIABILITIES

381,993

399,258

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 9 371,993 389,258
SHAREHOLDERS' FUNDS 381,993 399,258

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

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

Reidsville Estates Limited (Registered number: SC236684)

Balance Sheet - continued
30 April 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 2 September 2024 and were signed by:





J R Reid - Director


Reidsville Estates Limited (Registered number: SC236684)

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

1. STATUTORY INFORMATION

Reidsville Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents rentals received.

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 - 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.

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.

Reidsville Estates Limited (Registered number: SC236684)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 33,079
DEPRECIATION
At 1 May 2023
and 30 April 2024 33,079
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 59,995
Additions 331,745
Disposals (59,995 )
At 30 April 2024 331,745
NET BOOK VALUE
At 30 April 2024 331,745
At 30 April 2023 59,995

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by group undertakings 25,000 50,000

Reidsville Estates Limited (Registered number: SC236684)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors - 1,612
Tax 140 2,504
Accrued expenses 900 900
1,040 5,016

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
10,000 Ordinary £1 10,000 10,000

9. RESERVES
Retained
earnings
£   

At 1 May 2023 389,258
Deficit for the year (17,265 )
At 30 April 2024 371,993