RD Property Developments Ltd - Filleted accounts

Registered number

SC710512

RD Property Developments Ltd

Filleted Accounts

30 September 2024

RD Property Developments Ltd
Registered number:		SC710512
Balance Sheet
as at 30 September 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		427,479			644,456

Current assets
Cash at bank and in hand		447,425			171,733

Creditors: amounts falling due within one year	4	(770,768)			(712,652)

Net current liabilities			(323,343)			(540,919)

Net assets			104,136			103,537

Capital and reserves
Called up share capital			100			100
Profit and loss account			104,036			103,437

Shareholder's funds			104,136			103,537

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R Law
Director
Approved by the board on 29 September 2025

RD Property Developments Ltd
Notes to the Accounts
for the year ended 30 September 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:


	Land and buildings	nil



	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Land and buildings		Acquisition costs		Total
£			£		£
	Cost
	At 1 October 2023	618,598		25,858		644,456
	Additions	250,511		-		250,511
	Disposals	(450,249)		(17,239)		(467,488)
	At 30 September 2024	418,860		8,619		427,479

	Depreciation
	At 30 September 2024	-		-		-

	Net book value
	At 30 September 2024	418,860		8,619		427,479
	At 30 September 2023	618,598		25,858		644,456


4	Creditors: amounts falling due within one year			2024		2023
£					£

	Director's account			739,414		682,109
	Taxation and social security costs			28,864		28,052
	Other creditors			2,490		2,491
				770,768		712,652


5	Controlling party

	The company was under the control of the director throughout the current and previous years.


6	Other information

	RD Property Developments Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	2 Anderson Place
	Edinburgh
	EH6 5NP