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REGISTERED NUMBER: SC118370 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Raeburn Developments Limited

Raeburn Developments Limited (Registered number: SC118370)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Raeburn Developments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: I Raeburn
Mrs L Raeburn



SECRETARY: I Raeburn



REGISTERED OFFICE: 13-15 Morningisde Road
Edinburgh
EH10 5LZ



REGISTERED NUMBER: SC118370 (Scotland)



ACCOUNTANTS: J S Accounting Services Limited
13-15 Morningside Drive
EDINBURGH
EH10 5LZ



BANKERS: The Royal Bank of Scotland
8 Hopetoun Street
Bathgate
EH48 4EU

Raeburn Developments Limited (Registered number: SC118370)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,790 2,273

CURRENT ASSETS
Stocks 78,669 68,430
Cash at bank 66,544 86,466
145,213 154,896
CREDITORS
Amounts falling due within one year 5 2,704 1,211
NET CURRENT ASSETS 142,509 153,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,299

155,958

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 148,289 155,948
SHAREHOLDERS' FUNDS 148,299 155,958

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 20 March 2025 and were signed on its behalf by:





I Raeburn - Director


Raeburn Developments Limited (Registered number: SC118370)

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

1. STATUTORY INFORMATION

Raeburn Developments 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.

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.


Fixtures & Fittings - 15% reducing balance

Motor Vehicles - 25% reducing balance

Work in progress
Work in progress is valued on the basis of direct costs associated with the property developments in progress at the year end. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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.

3. EMPLOYEES AND DIRECTORS

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

Raeburn Developments Limited (Registered number: SC118370)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 18,523
Additions 4,890
At 30 June 2024 23,413
DEPRECIATION
At 1 July 2023 16,250
Charge for year 1,373
At 30 June 2024 17,623
NET BOOK VALUE
At 30 June 2024 5,790
At 30 June 2023 2,273

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security - 11
Other creditors 2,704 1,200
2,704 1,211

6. RELATED PARTY DISCLOSURES

At 30 June 2024 the company was due Mr & Mrs Raebun £nil (2023:£nil).Dividends of £1,200 (2023: £12,604) and £1,500 (2023:£12,822) were paid to Mr & Mrs Raeburn. Mr and Mrs Raeburn paid expenses on behalf of the company of £1,250(2023: £1,100).

7. ULTIMATE CONTROLLING PARTY

In the directors' opinion, I Raeburn is the ultimate controlling party by virtue of his shareholding.