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REGISTERED NUMBER: SC085698 (Scotland)















Financial Statements for the Year Ended 31 March 2025

for

Ritchie Realisation Limited

Ritchie Realisation Limited (Registered number: SC085698)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ritchie Realisation Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: G F Ritchie





REGISTERED OFFICE: 7 South Headlands Crescent
Newtonhill
Stonehaven
AB39 3TT





REGISTERED NUMBER: SC085698 (Scotland)





ACCOUNTANTS: Findlay Brown Ltd
Chartered Certified Accountants
53 Huntly Street
Aberdeen
AB10 1TH

Ritchie Realisation Limited (Registered number: SC085698)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,095 3,940
Investment property 5 767,016 783,610
770,111 787,550

CURRENT ASSETS
Debtors 6 2,202 1,396
Cash at bank 4,695 11,315
6,897 12,711
CREDITORS
Amounts falling due within one year 7 185,068 197,683
NET CURRENT LIABILITIES (178,171 ) (184,972 )
TOTAL ASSETS LESS CURRENT LIABILITIES 591,940 602,578

PROVISIONS FOR LIABILITIES 22,470 23,725
NET ASSETS 569,470 578,853

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 519,470 528,853
SHAREHOLDERS' FUNDS 569,470 578,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 22 July 2025 and were signed by:





G F Ritchie - Director


Ritchie Realisation Limited (Registered number: SC085698)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Ritchie Realisation Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Investment Property Equipment - straight line over 2 years
Fixtures and fittings - straight line over 2 years
Computer equipment - 20% on reducing balance

Investment property
The investment properties were previously accounted for under the FRSSE (effective January 2015), which required gains and losses on the property's open market value to be taken to a revaluation reserve in equity. The properties are being measured at fair value under FRS 102 at deemed cost and depreciated at 2% per annum on the buildings element (no depreciation on the land element).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Investment Fixtures
Property and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 46,258 70 8,636 54,964
Additions - - 205 205
At 31 March 2025 46,258 70 8,841 55,169
DEPRECIATION
At 1 April 2024 45,663 55 5,306 51,024
Charge for year 370 10 670 1,050
At 31 March 2025 46,033 65 5,976 52,074
NET BOOK VALUE
At 31 March 2025 225 5 2,865 3,095
At 31 March 2024 595 15 3,330 3,940

Ritchie Realisation Limited (Registered number: SC085698)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 950,893
DEPRECIATION
At 1 April 2024 167,283
Charge for year 16,594
At 31 March 2025 183,877
NET BOOK VALUE
At 31 March 2025 767,016
At 31 March 2024 783,610

Included in fair value of investment property is freehold land of £ 103,263 (2024 - £ 103,263 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 2,202 1,396

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 623 873
Taxation and social security 1,595 3,856
Other creditors 182,850 192,954
185,068 197,683

8. RELATED PARTY DISCLOSURES

Mr & Mrs Ritchie lent the company loans, balance £180,000 (2022 £210,000). The loans are interest free with no fixed terms of repayment.

9. ULTIMATE CONTROLLING PARTY

The controlling party is G F Ritchie.