Acorah Software Products - Accounts Production 16.2.850 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC196600 Mr I McLennan Mr M Anderson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC196600 2024-03-31 SC196600 2025-03-31 SC196600 2024-04-01 2025-03-31 SC196600 frs-core:CurrentFinancialInstruments 2025-03-31 SC196600 frs-core:ShareCapital 2025-03-31 SC196600 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC196600 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC196600 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC196600 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC196600 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC196600 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC196600 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 SC196600 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 SC196600 frs-bus:Director1 2024-04-01 2025-03-31 SC196600 frs-bus:Director1 2024-03-31 SC196600 frs-bus:Director1 2025-03-31 SC196600 frs-bus:Director2 2024-04-01 2025-03-31 SC196600 frs-bus:Director2 2024-03-31 SC196600 frs-bus:Director2 2025-03-31 SC196600 frs-countries:Scotland 2024-04-01 2025-03-31 SC196600 2023-03-31 SC196600 2024-03-31 SC196600 2023-04-01 2024-03-31 SC196600 frs-core:CurrentFinancialInstruments 2024-03-31 SC196600 frs-core:ShareCapital 2024-03-31 SC196600 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC196600 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31
Registered number: SC196600
Rubislaw Property Company Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Nuvo Scotland Limited
Contents
Page
Accountants' Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Rubislaw Property Company Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rubislaw Property Company Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Rubislaw Property Company Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Rubislaw Property Company Limited and state those matters that we have agreed to state to the directors of Rubislaw Property Company Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rubislaw Property Company Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Rubislaw Property Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Rubislaw Property Company Limited . You consider that Rubislaw Property Company Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Rubislaw Property Company Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
3 June 2025
Nuvo Scotland Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
Page 1
Page 2
Balance Sheet
Registered number: SC196600
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 600,000 600,000
600,000 600,000
CURRENT ASSETS
Cash at bank and in hand 39,188 30,942
39,188 30,942
Creditors: Amounts Falling Due Within One Year 5 (27,619 ) (24,629 )
NET CURRENT ASSETS (LIABILITIES) 11,569 6,313
TOTAL ASSETS LESS CURRENT LIABILITIES 611,569 606,313
NET ASSETS 611,569 606,313
CAPITAL AND RESERVES
Called up share capital 2,250 2,250
Fair value reserve 7 105,398 105,398
Profit and Loss Account 503,921 498,665
SHAREHOLDERS' FUNDS 611,569 606,313
For the year ending 31 March 2025 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr I McLennan
Director
31 May 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rubislaw Property Company Limited is a private company, limited by shares, incorporated in Scotland, registered number SC196600 . The registered office is 6 Merchiston Place, Edinburgh, EH10 4NR.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investment Properties
Investment properties are included in the accounts at fair value based on a valuation carried out by the directors of the
company or an independent external valuer.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 600,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 494,602 494,602
Page 3
Page 4
Fair value at 31 March 2025 is represented by:
£
Valuation in 2015
505,398
Valuation in 2021
(400,000)
Cost
494,602
image
600,000
image
Investment property was valued on an open market basis on 31 March 2024 by the directors.
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 11,235 9,233
VAT 2,965 2,712
Accruals and deferred income 11,547 11,436
Directors' loan accounts 1,872 1,248
27,619 24,629
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Ian McLennan (624 ) - (312 ) - (936 )
Mr Michael Anderson (624 ) - (312 ) - (936 )
The above loan is interest free and has no fixed repayment terms.
7. Reserves
Fair Value Reserve
£
As at 1 April 2024 105,398
As at 31 March 2025 105,398
Page 4