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REGISTERED NUMBER: SC546318 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

RBC PROPERTY LTD

RBC PROPERTY LTD (REGISTERED NUMBER: SC546318)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RBC PROPERTY LTD

COMPANY INFORMATION
for the year ended 30 SEPTEMBER 2024







DIRECTORS: R Connell
Mrs L Connell





REGISTERED OFFICE: 17 Finlayson Place
Larbert
Falkirk
FK5 4FX





REGISTERED NUMBER: SC546318 (Scotland)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

RBC PROPERTY LTD (REGISTERED NUMBER: SC546318)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,332,677 912,542

CURRENT ASSETS
Debtors 5 11,858 -
Cash at bank 11,984 6,776
23,842 6,776
CREDITORS
Amounts falling due within one year 6 (309,303 ) (242,820 )
NET CURRENT LIABILITIES (285,461 ) (236,044 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,047,216

676,498

CREDITORS
Amounts falling due after more than one year 7 (618,662 ) (382,645 )

PROVISIONS FOR LIABILITIES (86,468 ) (57,794 )
NET ASSETS 342,086 236,059

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 259,402 173,381
Retained earnings 82,682 62,676
342,086 236,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

RBC PROPERTY LTD (REGISTERED NUMBER: SC546318)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 11 June 2025 and were signed on its behalf by:





R Connell - Director


RBC PROPERTY LTD (REGISTERED NUMBER: SC546318)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Rbc Property Ltd is a private company, limited by shares, registered in Scotland, registration number SC546318. The registered office is 17 Finlayson Place, Larbert, Falkirk, Scotland, FK5 4FX.

The principal activity of the company is investment property.

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.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances, including bank overdrafts that are payable on demand and form an integral part of the company's cash management.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

Turnover
Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of any discounts and rebates allowed by the entity, but excluding value added tax and other sales taxes.

Rental income
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease.

Investment property
Investment property is included at fair value. Gains/losses are recognised in the Income Statement. Deferred taxation is provided on gains at the rate expected to apply when the property is sold.

Financial instruments
In preparing these financial statements, the directors are required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

There are no significant judgements or estimates used in the preparation of these accounts.


RBC PROPERTY LTD (REGISTERED NUMBER: SC546318)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 912,542
Additions 305,440
Revaluations 114,695
At 30 September 2024 1,332,677
NET BOOK VALUE
At 30 September 2024 1,332,677
At 30 September 2023 912,542

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2018 31,695
Valuation in 2019 35,000
Valuation in 2020 82,480
Valuation in 2022 45,000
Valuation in 2023 37,000
Valuation in 2024 114,695
Cost 986,807
1,332,677

RBC PROPERTY LTD (REGISTERED NUMBER: SC546318)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 SEPTEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 11,858 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,773 1,451
Taxation and social security 4,341 4,752
Other creditors 300,189 236,617
309,303 242,820

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 618,662 382,645

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 618,662 382,645

The company has provided Standard Security in favour of The Mortgage Works (UK) plc over the investment properties to which loans relate.

9. RESERVES
Fair
value
reserve
£   
At 1 October 2023 173,381
Transfer to FV reserve 86,021

At 30 September 2024 259,402