IRIS Accounts Production v24.3.2.46 SC590210 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 0.01111 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5902102023-06-30SC5902102024-06-30SC5902102023-07-012024-06-30SC5902102022-06-30SC5902102022-07-012023-06-30SC5902102023-06-30SC590210ns15:Scotland2023-07-012024-06-30SC590210ns14:PoundSterling2023-07-012024-06-30SC590210ns10:Director12023-07-012024-06-30SC590210ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC590210ns10:SmallEntities2023-07-012024-06-30SC590210ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30SC590210ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC590210ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC590210ns10:FullAccounts2023-07-012024-06-30SC590210ns10:OrdinaryShareClass12023-07-012024-06-30SC590210ns10:Director22023-07-012024-06-30SC590210ns10:Director32023-07-012024-06-30SC590210ns10:RegisteredOffice2023-07-012024-06-30SC590210ns5:CurrentFinancialInstruments2024-06-30SC590210ns5:CurrentFinancialInstruments2023-06-30SC590210ns5:Non-currentFinancialInstruments2024-06-30SC590210ns5:Non-currentFinancialInstruments2023-06-30SC590210ns5:ShareCapital2024-06-30SC590210ns5:ShareCapital2023-06-30SC590210ns5:FurtherSpecificReserve3ComponentTotalEquity2024-06-30SC590210ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-30SC590210ns5:RetainedEarningsAccumulatedLosses2024-06-30SC590210ns5:RetainedEarningsAccumulatedLosses2023-06-30SC590210ns5:LandBuildings2023-06-30SC590210ns5:LandBuildings2023-07-012024-06-30SC590210ns5:LandBuildings2024-06-30SC590210ns5:LandBuildings2023-06-30SC590210ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-30SC590210ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30SC590210ns5:Secured2024-06-30SC590210ns5:Secured2023-06-30SC590210ns5:DeferredTaxation2023-06-30SC590210ns5:DeferredTaxation2023-07-012024-06-30SC590210ns5:DeferredTaxation2024-06-30SC590210ns10:OrdinaryShareClass12024-06-30SC590210ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-30
REGISTERED NUMBER: SC590210 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Red Stag Property Group Ltd

Red Stag Property Group Ltd (Registered number: SC590210)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Red Stag Property Group Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: David R Grainge
Greg K McMillan
Zilvinas Rubinas





REGISTERED OFFICE: Suite 5
56-68 Stirling Street
Airdrie
Lanarkshire
ML6 0AS





REGISTERED NUMBER: SC590210 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Red Stag Property Group Ltd (Registered number: SC590210)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 823,500 743,964

CURRENT ASSETS
Debtors 5 - 410
Cash at bank 3 744
3 1,154
CREDITORS
Amounts falling due within one year 6 192,534 195,318
NET CURRENT LIABILITIES (192,531 ) (194,164 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

630,969

549,800

CREDITORS
Amounts falling due after more than one
year

7

(528,862

)

(506,473

)

PROVISIONS FOR LIABILITIES 9 (35,934 ) (20,112 )
NET ASSETS 66,173 23,215

CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 149,454 85,740
Retained earnings (83,282 ) (62,526 )
SHAREHOLDERS' FUNDS 66,173 23,215

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.

Red Stag Property Group Ltd (Registered number: SC590210)

Balance Sheet - continued
30 June 2024


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 3 April 2025 and were signed on its behalf by:





David R Grainge - Director


Red Stag Property Group Ltd (Registered number: SC590210)

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

1. STATUTORY INFORMATION

Red Stag Property Group 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
Investment properties are included at fair value. Gains or losses on revaluations are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the
properties are sold.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.


Red Stag Property Group Ltd (Registered number: SC590210)

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

2. ACCOUNTING POLICIES - continued
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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Investment
property
£   
COST OR VALUATION
At 1 July 2023 743,964
Revaluations 88,276
Impairments (8,740 )
At 30 June 2024 823,500
NET BOOK VALUE
At 30 June 2024 823,500
At 30 June 2023 743,964

Red Stag Property Group Ltd (Registered number: SC590210)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2024 is represented by:

Investment
property
£   
Valuation in 2021 105,852
Valuation in 2024 79,536
Cost 638,112
823,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 410

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 513 513
Other creditors 192,021 194,805
192,534 195,318

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 528,862 506,473

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 523,009 499,236

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 529,375 506,986

Red Stag Property Group Ltd (Registered number: SC590210)

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

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 35,934 20,112

Deferred
tax
£   
Balance at 1 July 2023 20,112
Provided during year 15,822
Balance at 30 June 2024 35,934

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 Ordinary £0.011111 1 1

11. RESERVES
Fair
value
reserve
£   
At 1 July 2023 85,740
Transfer 63,714

At 30 June 2024 149,454

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the Directors.