Rio Property Ltd Filleted Accounts Cover
Rio Property Ltd
Company No. SC459589
Information for Filing with The Registrar
30 September 2024
Rio Property Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 September 2024.
Principal activities
The principal activity of the company during the year under review was buying and selling of own real estate.
Directors
The Directors who served at any time during the year were as follows:
W. Gray
M. Williamson
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
W. Gray
Director
30 April 2025
Rio Property Ltd Balance Sheet Registrar
at
30 September 2024
Company No.
SC459589
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
41,27453,909
41,27453,909
Current assets
Debtors
5
650650
Cash at bank and in hand
1,119,431966,385
1,120,081967,035
Creditors: Amount falling due within one year
6
(657,526)
(494,069)
Net current assets
462,555472,966
Total assets less current liabilities
503,829526,875
Creditors: Amounts falling due after more than one year
7
(930,717)
(930,717)
Net liabilities
(426,888)
(403,842)
Capital and reserves
Called up share capital
11
Profit and loss account
9
(426,889)
(403,843)
Total equity
(426,888)
(403,842)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 April 2025 and signed on its behalf by:
W. Gray
Director
30 April 2025
Rio Property Ltd Notes to the Accounts Registrar
for the year ended 30 September 2024
1
General information
Rio Property Ltd is a private company limited by shares and incorporated in Scotland.
Its registered number is: SC459589
Its registered office is:
3 Queen Street
Edinburgh
Scotland
EH2 1JE
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
20%% Reducing Balance
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. 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.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
20
4
Tangible fixed assets
Motor vehicles
Total
£
£
Cost or revaluation
At 1 October 2023
63,58263,582
At 30 September 2024
63,58263,582
Depreciation
At 1 October 2023
9,6739,673
Charge for the year
12,63512,635
At 30 September 2024
22,30822,308
Net book values
At 30 September 2024
41,27441,274
At 30 September 2023
53,909
53,909
5
Debtors
2024
2023
£
£
Other debtors
650650
650650
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Trade creditors
46,66446,664
Taxes and social security
(1,821)
(714)
Loans from directors
612,682448,119
Accruals and deferred income
1-
657,526494,069
7
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Other loans
930,717930,717
930,717930,717
8
Share Capital
One ordinary share at £1 fully paid.
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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