Registration number:
Riggs Bay Properties Limited
for the Year Ended 30 September 2024
Riggs Bay Properties Limited
Contents
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Statement of Financial Position |
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Notes to the Financial Statements |
Riggs Bay Properties Limited
(Registration number: SC283347)
Statement of Financial Position as at 30 September 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
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( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
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( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Riggs Bay Properties Limited
(Registration number: SC283347)
Statement of Financial Position as at 30 September 2024
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.
Approved and authorised by the
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Riggs Bay Properties Limited
Notes to the Financial Statements for the Year Ended 30 September 2024
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General information |
The Company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
Scotland
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Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 taxable income.
Investment property
Financial instruments
Classification
Riggs Bay Properties Limited
Notes to the Financial Statements for the Year Ended 30 September 2024
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Staff numbers |
The average number of persons employed by the Company (including Directors) during the year, was
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Investment properties |
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2024 |
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At 1 October 2022 |
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Additions |
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Disposals |
- |
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Fair value adjustments |
- |
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At 30 September 2023 |
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The properties were revalued in the year to 30th September 2014 and the directors feel that the values shown in the financial statements for 2023 are still reasonable.
Riggs Bay Properties Limited
Notes to the Financial Statements for the Year Ended 30 September 2024
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Debtors |
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Current |
2024 |
2023 |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
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Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
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Reserves |
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2024 |
2023 |
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£ |
£ |
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Profit and loss account - distributable |
198,829 |
187,868 |
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Revaluation of investment properties - undistributable |
379,084 |
379,084 |
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Deferred tax on investment properties - undistributable |
(64,444) |
(64,444) |
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513,469 |
502,508 |