Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-311falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-01falseProperty Rental1true SC671847 2023-09-01 2024-08-31 SC671847 2022-09-01 2023-08-31 SC671847 2024-08-31 SC671847 2023-08-31 SC671847 c:Director1 2023-09-01 2024-08-31 SC671847 c:RegisteredOffice 2023-09-01 2024-08-31 SC671847 d:FreeholdInvestmentProperty 2024-08-31 SC671847 d:FreeholdInvestmentProperty 2023-08-31 SC671847 d:CurrentFinancialInstruments 2024-08-31 SC671847 d:CurrentFinancialInstruments 2023-08-31 SC671847 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 SC671847 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 SC671847 d:ShareCapital 2024-08-31 SC671847 d:ShareCapital 2023-08-31 SC671847 d:RetainedEarningsAccumulatedLosses 2024-08-31 SC671847 d:RetainedEarningsAccumulatedLosses 2023-08-31 SC671847 c:OrdinaryShareClass1 2023-09-01 2024-08-31 SC671847 c:OrdinaryShareClass1 2024-08-31 SC671847 c:OrdinaryShareClass1 2023-08-31 SC671847 c:FRS102 2023-09-01 2024-08-31 SC671847 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC671847 c:FullAccounts 2023-09-01 2024-08-31 SC671847 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC671847 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC671847










R MAC LETTINGS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

 
R MAC LETTINGS LTD
 

COMPANY INFORMATION


Director
Ross Macgregor 




Registered number
SC671847



Registered office
259 Strathmartine Road

Dundee

DD3 8QQ





 
R MAC LETTINGS LTD
REGISTERED NUMBER: SC671847

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
£
£

FIXED ASSETS
  

Investment property
 4 
25,970
25,970

  
25,970
25,970

  

Creditors: amounts falling due within one year
 5 
(23,688)
(24,664)

NET CURRENT LIABILITIES
  
 
 
(23,688)
 
 
(24,664)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
2,282
1,306

  

NET ASSETS
  
2,282
1,306


CAPITAL AND RESERVES
  

Called up share capital 
 6 
1
1

Profit and loss account
  
2,281
1,305

  
2,282
1,306


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 April 2025.




Ross Macgregor
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
R MAC LETTINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


GENERAL INFORMATION

R Mac Lettings Ltd is a private limited company, registered in Scotland. The registered number is SC671847. The registered office is 259 Strathmartine Road, Dundee, Scotland, DD8 3QQ. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.4

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 2

 
R MAC LETTINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


INVESTMENT PROPERTY


Investment property

£



VALUATION


At 1 September 2023
25,970



AT 31 AUGUST 2024
25,970

The 2024 valuations were made by the director, on an open market value for existing use basis.



AT 31 AUGUST 2024





5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other taxation and social security
464
1,284

Other creditors
22,724
22,880

Accruals and deferred income
500
500

23,688
24,664



6.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2023 - 1) Ordinary share of £1.00
1
1

Page 3

 
R MAC LETTINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.SHARE CAPITAL (CONTINUED)



Page 4