COMPANY REGISTRATION NUMBER:
SC446776
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
31 December 2024
Current assets
Debtors |
5 |
1,746,569 |
1,746,569 |
Cash at bank and in hand |
4,158 |
4,158 |
|
------------ |
------------ |
|
1,750,727 |
1,750,727 |
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------------ |
Net current assets |
1,750,727 |
1,750,727 |
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Total assets less current liabilities |
1,750,727 |
1,750,727 |
|
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|
|
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Capital and reserves
Called up share capital |
6 |
100 |
100 |
Profit and loss account |
1,750,627 |
1,750,627 |
|
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Shareholders funds |
1,750,727 |
1,750,727 |
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------------ |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
3 January 2025
, and are signed on behalf of the board by:
Company registration number:
SC446776
Notes to the Financial Statements |
|
Year ended 31 December 2024
1.
General information
RW Leith Limited
is a private company limited by shares that is incorporated and domiciled in Scotland with registered company number SC446776
. The registered office is Mains of Gardyne, Forfar, DD8 2SQ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling (£), which is the functional currency of the entity. Going concern The financial statements have been prepared on a going concern basis. The directors have assessed the company's ability to continue as a going concern and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reviewed budgets and forecasts for the forthcoming year and are satisfied that the company maintains an appropriate level of liquidity, sufficient to meet the demands of the business. Thus they continue to adopt the going concern basis of accounting in preparing these financial statements.
Judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below. i) Recoverability of debtors The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.
4.
Employee numbers
The average number of employees, including directors, during the year was 2 (2023: 2).
5.
Debtors
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
1,746,544 |
1,746,544 |
Other debtors |
25 |
25 |
|
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------------ |
|
1,746,569 |
1,746,569 |
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6.
Called up share capital
Issued, called up and fully paid
Ordinary shares of £ 1 each |
100 |
100 |
100 |
100 |
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The company has one class of share capital which carry voting rights but no right to fixed income.
7.
Related party transactions
The amount due from Sundial Properties Limited at the year end was £1,746,469 (2023: £1,746,469). There are no fixed repayment terms. During the year the company charged Sundial Properties Limited interest of £nil (2023: £nil). The interest outstanding at the year end was £nil (2023: £nil).
8.
Controlling party
The company's ultimate parent undertaking is Sundial Holdings Limited, a company incorporated in Scotland.