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REGISTERED NUMBER: SC730251 (Scotland)















Unaudited Financial Statements

for the Period 1 May 2023 to 31 May 2024

for

Ritchie Property Holdings Ltd

Ritchie Property Holdings Ltd (Registered number: SC730251)






Contents of the Financial Statements
for the Period 1 May 2023 to 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Ritchie Property Holdings Ltd

Company Information
for the Period 1 May 2023 to 31 May 2024







DIRECTORS: B Ritchie
D Ritchie
R Ritchie





SECRETARY: B Ritchie





REGISTERED OFFICE: Pine View
Carr Road
Carr-Bridge
Inverness-shire
PH23 3AD





REGISTERED NUMBER: SC730251 (Scotland)





ACCOUNTANTS: Stewart & Stewart Ltd
Chartered Accountants
Achorn House
34 Millbank Road
Munlochy
Ross-Shire
IV8 8ND

Ritchie Property Holdings Ltd (Registered number: SC730251)

Abridged Balance Sheet
31 May 2024

31.5.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,337 7,116
Investments 5 400 400
Investment property 6 993,166 814,336
998,903 821,852

CURRENT ASSETS
Debtors 993 335
Cash at bank 263,924 172,579
264,917 172,914
CREDITORS
Amounts falling due within one year 241,377 129,107
NET CURRENT ASSETS 23,540 43,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,022,443

865,659

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 1,022,043 865,259
SHAREHOLDERS' FUNDS 1,022,443 865,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

Ritchie Property Holdings Ltd (Registered number: SC730251)

Abridged Balance Sheet - continued
31 May 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 February 2025 and were signed on its behalf by:




B Ritchie - Director



R Ritchie - Director


Ritchie Property Holdings Ltd (Registered number: SC730251)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 May 2024

1. STATUTORY INFORMATION

Ritchie Property Holdings Ltd 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 - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Investment properties are those properties that are held either to earn rental income or for capital appreciation or both. Investment properties are measured initially at cost including transaction costs and thereafter are stated at fair value, which reflects market conditions at the balance sheet date. Gains and losses arising from changes in the fair value of investment properties are recognised in the income statement in the year in which they arise.

Investment properties are stated at fair value as determined by the Directors. In determining the fair value of each investment property, the Directors makes use of historical and current market data as well as existing lease agreements.

Ritchie Property Holdings Ltd (Registered number: SC730251)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 May 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non convertible preference shares and non puttable ordinary or preference shares are publicly traded or their fair value can otherwise be measured reliably , the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

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 and loss immediately.

All equity investments regardless of significance, and other financial assets that are individually significant, 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 and 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 period 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 period 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 period was 3 (2023 - 3 ) .

Ritchie Property Holdings Ltd (Registered number: SC730251)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 May 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 31 May 2024 9,488
DEPRECIATION
At 1 May 2023 2,372
Charge for period 1,779
At 31 May 2024 4,151
NET BOOK VALUE
At 31 May 2024 5,337
At 30 April 2023 7,116

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2023
and 31 May 2024 400
NET BOOK VALUE
At 31 May 2024 400
At 30 April 2023 400

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 814,336
Additions 178,830
At 31 May 2024 993,166
NET BOOK VALUE
At 31 May 2024 993,166
At 30 April 2023 814,336

The investment property is stated at fair value as determined by the Directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ritchie Property Holdings Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ritchie Property Holdings Ltd for the period ended 31 May 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet 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 ICAS, 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 Ritchie Property Holdings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ritchie Property Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of Ritchie Property Holdings Ltd, as a body, in this report in accordance with the requirements of ICAS 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ritchie Property Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ritchie Property Holdings Ltd. You consider that Ritchie Property Holdings Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Ritchie Property Holdings 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 financial statements.






Stewart & Stewart Ltd
Chartered Accountants
Achorn House
34 Millbank Road
Munlochy
Ross-Shire
IV8 8ND


25 February 2025