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REGISTERED NUMBER: SC479224 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Regis Property Scotland Ltd

Regis Property Scotland Ltd (Registered number: SC479224)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Regis Property Scotland Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R Longmuir
D Cairns





REGISTERED OFFICE: Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ





REGISTERED NUMBER: SC479224 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

Regis Property Scotland Ltd (Registered number: SC479224)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 225,072 141,397
Investment property 5 785,976 784,810
1,011,048 926,207

CURRENT ASSETS
Debtors 6 101,817 96,461
Cash at bank 16,222 7,181
118,039 103,642
CREDITORS
Amounts falling due within one year 7 287,244 288,603
NET CURRENT LIABILITIES (169,205 ) (184,961 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

841,843

741,246

CREDITORS
Amounts falling due after more than
one year

8

(66,208

)

(20,833

)

PROVISIONS FOR LIABILITIES (100,777 ) (75,752 )
NET ASSETS 674,858 644,661

Regis Property Scotland Ltd (Registered number: SC479224)

Balance Sheet - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 283,559 302,326
Retained earnings 391,199 342,235
674,858 644,661

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

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

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 Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





R Longmuir - Director


Regis Property Scotland Ltd (Registered number: SC479224)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Regis Property Scotland 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on cost, 20% on reducing balance and 15% on reducing balance

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.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.


Regis Property Scotland Ltd (Registered number: SC479224)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Regis Property Scotland Ltd (Registered number: SC479224)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 207,964
Additions 139,242
At 31 December 2024 347,206
DEPRECIATION
At 1 January 2024 66,567
Charge for year 55,567
At 31 December 2024 122,134
NET BOOK VALUE
At 31 December 2024 225,072
At 31 December 2023 141,397

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 784,810
Additions 1,166
At 31 December 2024 785,976
NET BOOK VALUE
At 31 December 2024 785,976
At 31 December 2023 784,810

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2017 378,078
Cost 407,898
785,976

Regis Property Scotland Ltd (Registered number: SC479224)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 407,898 406,732

Investment property was valued on a far value basis on 31 December 2017 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 5,017 472
Other debtors 96,800 95,900
Prepayments - 89
101,817 96,461

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts - 10,000
Hire purchase contracts 11,710 -
Trade creditors 817 3,218
Amounts owed to participating interests 212,802 189,583
Tax 1,784 14,304
VAT 5,976 6,271
Other creditors 8,100 2,600
Directors' current accounts 45,000 61,667
Accrued expenses 1,055 960
287,244 288,603

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years - 10,000
Bank loans - 2-5 years - 10,833
Hire purchase contracts 66,208 -
66,208 20,833

Regis Property Scotland Ltd (Registered number: SC479224)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 77,918 -

Hire purchase contracts are secured on the assets to which they relate.

10. RESERVES
Fair
value
reserve
£   
At 1 January 2024 302,326
Deferred tax movements (18,767 )

At 31 December 2024 283,559

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed a balance of £95,900 (2023 - £95,900) from Cairns and Longmuir Holdings Ltd. Mr R Longmuir and Mr D Cairns are directors of both companies.

At the balance sheet date, the company owed a balance of £16,000 (2023 - £16,000) to Coast 2 Country Campers Ltd. Mr R Longmuir and Mr D Cairns are directors of both companies.

At the balance sheet date, the company owed a balance of £170,302 (2023 - £169,583) to Regis Banqueting Ltd. Mr R Longmuir is a director of both companies.

At the balance sheet date, the company owed a balance of £4,000 (2023 - £4,000) to Team Campervan Conversions Ltd. Mr R Longmuir and Mr D Cairns are directors of both companies.

At the balance sheet date, the company owed a balance of £22,500 (2023 - £30,834) to Team Installation Limited. Mr D Cairns is a director of both companies.