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REGISTERED NUMBER: SC240247 (Scotland)




















R & W Investments Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025






R & W Investments Limited (Registered number: SC240247)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R & W Investments Limited

Company Information
for the Year Ended 31 January 2025







DIRECTOR: Ms W C Yau



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



REGISTERED NUMBER: SC240247 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Bank of Scotland
Edinburgh North Morningside
8 Morningside Road
Edinburgh
EH10 4DD

R & W Investments Limited (Registered number: SC240247)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 613,805 613,805
613,805 613,805

CURRENT ASSETS
Debtors 6 57 -
Cash at bank 45,423 59,566
45,480 59,566
CREDITORS
Amounts falling due within one year 7 293,085 355,736
NET CURRENT LIABILITIES (247,605 ) (296,170 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,200

317,635

PROVISIONS FOR LIABILITIES 27,130 20,658
NET ASSETS 339,070 296,977

R & W Investments Limited (Registered number: SC240247)

Balance Sheet - continued
31 January 2025

2025 2024
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 233,167 234,807
Retained earnings 105,803 62,070
SHAREHOLDERS' FUNDS 339,070 296,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 17 April 2025 and were signed by:





Ms W C Yau - Director


R & W Investments Limited (Registered number: SC240247)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

R & W Investments 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 as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover and revenue recognition
Turnover shown in the profit and loss account represents rent receivable during the period, recognised based on rent due in accordance with rent agreement.

Lease premium
Lease premium received included in provisions for liabilities is charged to other income over the period of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

R & W Investments Limited (Registered number: SC240247)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Investment property
Investment properties are shown at their open market value. Any surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year. A reduction in value due to fluctuation in the property market conditions is not considered to be permanent.

This is in accordance with the FRS102 which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the Companies Act is required in order to give a true and fair view.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year end is included in the fair value reserve with the relevant change in fair value.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.

R & W Investments Limited (Registered number: SC240247)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Provision for liabilities
Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 26,475
DEPRECIATION
At 1 February 2024
and 31 January 2025 26,475
NET BOOK VALUE
At 31 January 2025 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024
and 31 January 2025 613,805
NET BOOK VALUE
At 31 January 2025 613,805
At 31 January 2024 613,805

R & W Investments Limited (Registered number: SC240247)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. INVESTMENT PROPERTY - continued

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2013 177,229
Valuation in 2022 62,771
Cost 373,805
613,805

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

2025 2024
£    £   
Cost 373,805 373,805

The investment property was valued on an open market basis basis on 31 January 2025 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 57 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 12,264 9,577
Other creditors 280,821 346,159
293,085 355,736

The director's current account is unsecured, interest free and has no fixed repayment period.

8. SECURED DEBTS

The Bank of Scotland holds a bond and floating charge on the whole assets of the company.

R & W Investments Limited (Registered number: SC240247)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

9. RESERVES
Fair
value
reserve
£   
At 1 February 2024 234,807
transfer in year (1,640 )

At 31 January 2025 233,167

The fair value reserve represents the net revaluation surplus on investment properties that is not readily distributable as realised earnings.