0 0 Riggs Bay Properties Limited SC283347 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is The principal activity of the company during the period was property investment and leasing. Digita Accounts Production Advanced 6.30.9574.0 true SC283347 2023-10-01 2024-09-30 SC283347 2024-09-30 SC283347 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC283347 core:ShareCapital 2024-09-30 SC283347 core:CurrentFinancialInstruments 2024-09-30 SC283347 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 SC283347 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 SC283347 bus:SmallEntities 2023-10-01 2024-09-30 SC283347 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC283347 bus:FilletedAccounts 2023-10-01 2024-09-30 SC283347 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC283347 bus:RegisteredOffice 2023-10-01 2024-09-30 SC283347 bus:Director1 2023-10-01 2024-09-30 SC283347 bus:Director2 2023-10-01 2024-09-30 SC283347 bus:Director5 2023-10-01 2024-09-30 SC283347 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC283347 countries:Scotland 2023-10-01 2024-09-30 SC283347 2023-09-30 SC283347 2022-10-01 2023-09-30 SC283347 2023-09-30 SC283347 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC283347 core:ShareCapital 2023-09-30 SC283347 core:CurrentFinancialInstruments 2023-09-30 SC283347 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 SC283347 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 xbrli:pure iso4217:GBP

Registration number: SC283347

Riggs Bay Properties Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Riggs Bay Properties Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Financial Statements

3 to 5

 

Riggs Bay Properties Limited

(Registration number: SC283347)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

1,129,990

1,129,990

Current assets

 

Debtors

5

1,586

1,320

Creditors: Amounts falling due within one year

6

(290,658)

(290,351)

Net current liabilities

 

(289,072)

(289,031)

Total assets less current liabilities

 

840,918

840,959

Creditors: Amounts falling due after more than one year

6

(262,906)

(273,907)

Provisions for liabilities

(64,444)

(64,444)

Net assets

 

513,568

502,608

Capital and reserves

 

Called up share capital

100

100

Retained earnings

513,468

502,508

Shareholders' funds

 

513,568

502,608

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:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 24 June 2025 and signed on its behalf by:
 


Mr C G Runcie
Director


Mr N B Robb
Director


Mr J C Plenderleath
Director

     
 

Riggs Bay Properties Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
6 Bon Accord Square
Aberdeen
AB11 6XU
Scotland

2

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

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

 

Riggs Bay Properties Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 0 (2023 - 0).

4

Investment properties

2024
£

At 1 October 2022

1,129,990

Additions

-

Disposals

-

Fair value adjustments

-

At 30 September 2023

1,129,990

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

5

Debtors

Current

2024
£

2023
£

Prepayments

1,586

1,320

 

1,586

1,320

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

18,106

23,962

Taxation and social security

 

2,571

2,404

Accruals and deferred income

 

7,275

6,993

Other creditors

 

262,706

256,992

 

290,658

290,351

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

262,906

273,907

7

Reserves

2024

2023

£

£

Profit and loss account - distributable

198,829

187,868

Revaluation of investment properties - undistributable

379,084

379,084

Deferred tax on investment properties - undistributable

(64,444)

(64,444)

513,469

502,508