| Rutherford Morison Limited |
| Registered Number:SC068237 |
For the year ended 31 October 2024
Scotland
Unaudited Financial Statements
For the year ended 31 October 2024
Rutherford Morison Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Rutherford Morison Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
210,320
210,547
2
830,179
863,954
3
1,074,274
1,040,726
| Trade and other receivables |
24,423
126
4
62,031
| Cash and cash equivalents |
170,266
170,392
86,454
| Trade and other payables: amounts falling due within one |
| year |
(900)
(2,498)
5
85,554
167,894
Net current assets
| Total assets less current liabilities |
1,242,168
1,126,280
1,242,168
Net assets
1,126,280
18,000
18,000
1,224,168
1,108,280
1,242,168
1,126,280
Shareholders' funds
| For the year ended 31 October 2024 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 of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mrs K E M Gordon Director |
| These financial statements were approved and authorised for issue by the Board on 01 June 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 October 2024
Rutherford Morison Limited
Notes to the Financial Statements
Statutory Information
| Rutherford Morison Limited is a private limited company, limited by shares, domiciled in Scotland, registration number |
| SC068237. |
Craigforth Cottage Chapel Green
Earlsferry
Leven
Fife
KY9 1AD
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Furniture and Fittings
Investment property
| The directors have considered the value of investment properties and are of the opinion that the properties are included at a fair market value at the balance sheet date. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 October 2024
Rutherford Morison Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
215,323
5,323
210,000
210,000
5,323
215,323
| Provision for depreciation and impairment |
4,776
4,776
-
Charge for year
227
227
-
5,003
5,003
-
210,000
320
210,320
210,000
547
210,547
| 3. Investments held as fixed assets |
830,179
830,179
131,073
131,073
(195,159)
(195,159)
97,861
97,861
863,954
863,954
863,954
863,954
830,179
830,179
| 4. Trade and other receivables |
2023
2024
126
24,423
| Short-term debtors are measured at fair value at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and measured subsequently at amortised cost using the effective interest method, less any impairment. |
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For the year ended 31 October 2024
Rutherford Morison Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
| Taxation and social security |
893
-
1,605
900
2,498
900
| Short-term creditors are measured at the transaction price. Other financial laibilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| 6. Directors advances and guarantees |
Repaid
Ms G L R Morison
Short Term Loan
-
25,000
25,000
-
25,000
25,000
| 7. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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