REGISTERED NUMBER: SC081744 (Scotland)

Financial Statements for the Year Ended 31 December 2024

for

Rae Brown & Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Farquhar

Ms T Craib

SECRETARY:

LC Secretaries Limited

REGISTERED OFFICE:

Johnstone House

52-54 Rose Street

Aberdeen

AB10 1HA

REGISTERED NUMBER:

SC081744 (Scotland)

ACCOUNTANTS:

A J Croll & Company

19 Bon Accord Crescent

Aberdeen

Aberdeenshire

AB11 6DE

FIXED ASSETS

Tangible assets

4

221,740

226,654

Investments

5

26,962

26,962

248,702

253,616

CURRENT ASSETS

Stocks

1,100

840

Debtors

6

9,467

135,829

Cash at bank

796

1,360

11,363

138,029

CREDITORS

Amounts falling due within one year

7

332,872

274,138

NET CURRENT LIABILITIES

(321,509

)

(136,109

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(72,807

)

117,507

CREDITORS

Amounts falling due after more than one year

8

(18,391

)

(63,806

)

PROVISIONS FOR LIABILITIES

(1,384

)

(1,384

)

NET (LIABILITIES)/ASSETS

(92,582

)

52,317

CAPITAL AND RESERVES

Called up share capital

320

320

Retained earnings

(92,902

)

51,997

SHAREHOLDERS' FUNDS

(92,582

)

52,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

G Farquhar - Director

1.	STATUTORY INFORMATION

Rae Brown & Company 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.

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

68,550

100,604

1,239

Additions

-

-

-

At 31 December 2024

68,550

100,604

1,239

DEPRECIATION

At 1 January 2024

-

64,769

780

Charge for year

-

8,959

92

At 31 December 2024

-

73,728

872

NET BOOK VALUE

At 31 December 2024

68,550

26,876

367

At 31 December 2023

68,550

35,835

459

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

250,350

1,599

422,342

Additions

45,650

526

46,176

At 31 December 2024

296,000

2,125

468,518

DEPRECIATION

At 1 January 2024

128,540

1,599

195,688

Charge for year

41,865

174

51,090

At 31 December 2024

170,405

1,773

246,778

NET BOOK VALUE

At 31 December 2024

125,595

352

221,740

At 31 December 2023

121,810

-

226,654

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.24

31.12.23

£

£

Other FA Investment

26,962

26,962

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

4,891

15,718

Amounts owed by group undertakings

-

118,306

Other debtors

4,576

1,805

9,467

135,829

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

67,714

74,821

Trade creditors

57,155

56,491

Taxation and social security

62,877

51,343

Other creditors

145,126

91,483

332,872

274,138

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,167

14,167

Other creditors

14,224

49,639

18,391

63,806

9.	RELATED PARTY DISCLOSURES

G.F.Farquhar (Estates) Limited

(Connected company)

The director, G F Farquhar, is a director of the G.F.Farquhar (Estates) limited, a company registered in Scotland. During the year , rent was paid to G.F.Farquhar (Estates) Limted of £6,500 (2023 - £6,500). At the balance sheet date the amount due to G.F.Farquhar (Estates) limited was £19,301 (2023 - £18,199).

G.F.Farquhar (Construction) Limited

(Connected company)

The director, G F Farquhar, is a director of G.F.Farquhar (Construction) Limited, a compnay registered in Scotland. At the balance sheet date it was agreed for the Inter company loan to be written off so the amount due from G.F.Farquhar (Construction) Limited was Nil (2023 - £97,607).

G.F.Farquhar (Farms) Limited

(Connected company)

The director, G F Farquhar, is a director of G.G.Farquhar (Farms) Limited, a company registered in Scotland. At the balance sheet date the amount due from G.F.Farquhar (Farms) limited was £2,500 (2023 - £2,500).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is G.F.Farquhar (Construction)Limited..