Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr A Robinson 31/08/1995 Mr J Robinson 01/10/2000 17 September 2025 The principal activity of the company during the year was letting and operating of properties. SC160135 2024-12-31 SC160135 bus:Director1 2024-12-31 SC160135 bus:Director2 2024-12-31 SC160135 2023-12-31 SC160135 core:CurrentFinancialInstruments 2024-12-31 SC160135 core:CurrentFinancialInstruments 2023-12-31 SC160135 core:Non-currentFinancialInstruments 2024-12-31 SC160135 core:Non-currentFinancialInstruments 2023-12-31 SC160135 core:ShareCapital 2024-12-31 SC160135 core:ShareCapital 2023-12-31 SC160135 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC160135 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC160135 core:LandBuildings 2023-12-31 SC160135 core:OtherPropertyPlantEquipment 2023-12-31 SC160135 core:LandBuildings 2024-12-31 SC160135 core:OtherPropertyPlantEquipment 2024-12-31 SC160135 bus:OrdinaryShareClass1 2024-12-31 SC160135 2024-01-01 2024-12-31 SC160135 bus:FilletedAccounts 2024-01-01 2024-12-31 SC160135 bus:SmallEntities 2024-01-01 2024-12-31 SC160135 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC160135 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC160135 bus:Director1 2024-01-01 2024-12-31 SC160135 bus:Director2 2024-01-01 2024-12-31 SC160135 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 SC160135 2023-01-01 2023-12-31 SC160135 core:LandBuildings 2024-01-01 2024-12-31 SC160135 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 SC160135 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC160135 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC160135 (Scotland)

# R & R PROPERTIES (FALKIRK) LTD.

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

R & R PROPERTIES (FALKIRK) LTD.

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

R & R PROPERTIES (FALKIRK) LTD.

## BALANCE SHEET

AS AT 31 DECEMBER 2024
R & R PROPERTIES (FALKIRK) LTD.

## BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 227,356 |  | 241,894
Investment property | 5 | 3,526,645 |  | 3,526,645
|  | 3,754,001 |  | 3,768,539
Current assets |  |  |  |
Debtors | 6 | 9,111 |  | 4,585
Cash at bank and in hand |  | 994,344 |  | 869,635
|  | 1,003,455 |  | 874,220
Creditors: amounts falling due within one year | 7 | ( 211,381) |  | ( 200,537)
Net current assets |  | 792,074 |  | 673,683
Total assets less current liabilities |  | 4,546,075 |  | 4,442,222
Creditors: amounts falling due after more than one year | 8 | ( 736,444) |  | ( 736,444)
Provision for liabilities |  | ( 52,005) |  | ( 58,754)
Net assets |  | 3,757,626 |  | 3,647,024
Capital and reserves |  |  |  |
Called-up share capital | 9 | 5,000 |  | 5,000
Profit and loss account |  | 3,752,626 |  | 3,642,024
Total shareholders' funds |  | 3,757,626 |  | 3,647,024

For the financial year ending 31 December 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of R & R Properties (Falkirk) Ltd. (registered number: SC160135) were approved and authorised for issue by the Board of Directors on 17 September 2025. They were signed on its behalf by:

Mr A Robinson Director |  | Mr J Robinson Director

R & R PROPERTIES (FALKIRK) LTD.

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
R & R PROPERTIES (FALKIRK) LTD.

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

R & R Properties (Falkirk) Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 7 Kingseat Place, Falkirk, FK1 5PF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Plant and machinery etc. | 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

#### 3. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 3

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 January 2024 | 105,704 |  | 445,016 |  | 550,720
Additions | 0 |  | 14,057 |  | 14,057
At 31 December 2024 | 105,704 |  | 459,073 |  | 564,777
Accumulated depreciation |  |  |  |  |
At 01 January 2024 | 0 |  | 308,826 |  | 308,826
Charge for the financial year | 0 |  | 28,595 |  | 28,595
At 31 December 2024 | 0 |  | 337,421 |  | 337,421
Net book value |  |  |  |  |
At 31 December 2024 | 105,704 |  | 121,652 |  | 227,356
At 31 December 2023 | 105,704 |  | 136,190 |  | 241,894

#### 5. Investment property

| Investment property
| £
Valuation |
As at 01 January 2024 | 3,526,645
As at 31 December 2024 | 3,526,645

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 December 2024 by the company directors. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties.

#### 6. Debtors

| 2024 |  | 2023
| £ |  | £
Trade debtors | 7,611 |  | 3,085
Other debtors | 1,500 |  | 1,500
| 9,111 |  | 4,585

#### 7. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Trade creditors | 18,713 |  | 17,891
Taxation and social security | 189,618 |  | 179,785
Other creditors | 3,050 |  | 2,861
| 211,381 |  | 200,537

#### 8. Creditors: amounts falling due after more than one year

| 2024 |  | 2023
| £ |  | £
Other creditors | 736,444 |  | 736,444

The loan balance is secured over the assets of the company.

#### 9. Called-up share capital

| 2024 |  | 2023
| £ |  | £
Allotted, called-up and fully-paid |  |  |
5,000 Ordinary shares of £ 1.00 each | 5,000 |  | 5,000

#### 10. Related party transactions

Transactions with the entity's directors

| 2024 |  | 2023
| £ |  | £
Amounts due to directors | 736,444 |  | 736,444

Other related party transactions

| 2024 |  | 2023
| £ |  | £
Amounts due from Robinson Hire Drive Ltd | 1,500 |  | 1,500

These loans are unsecured, interest free and repayable on demand.