Registration number: SC221722

Renaissance (Ecosse) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Renaissance (Ecosse) Limited

Company Information

Directors

Mrs Eleanor Cooke Mr William Grant Manson Mr Peter Wilson

Registered office

Orocco Pier 17 High Street South Queensferry EH30 9PP

Accountants

Stewart & Cumming Ltd 31-33 Bridge Street Musselburgh Midlothian EH21 6AA

Renaissance (Ecosse) Limited

(Registration number: SC221722)
Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	3,489,552	3,545,222
Current assets
Stocks	5	39,823	42,494
Debtors	6	55,874	-
Cash at bank and in hand		384,764	531,937
		480,461	574,431
Creditors: Amounts falling due within one year	7	(982,268)	(1,110,281)
Net current liabilities		(501,807)	(535,850)
Total assets less current liabilities		2,987,745	3,009,372
Creditors: Amounts falling due after more than one year	7	(57,423)	(88,743)
Provisions for liabilities		(92,305)	(12,759)
Net assets		2,838,017	2,907,870
Capital and reserves
Called up share capital	8	3	3
Retained earnings		2,838,014	2,907,867
Shareholders' funds		2,838,017	2,907,870

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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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 Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

Renaissance (Ecosse) Limited

(Registration number: SC221722)
Balance Sheet as at 30 September 2024

......................................... Mrs Eleanor Cooke Director

Renaissance (Ecosse) Limited

Notes to the Unaudited 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:
Orocco Pier
17 High Street
South Queensferry
EH30 9PP

These financial statements were authorised for issue by the Board on 30 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred 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.

Renaissance (Ecosse) Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% Reducing balance
Computer equipment	25% Reducing balance
Fixtures and fittings	25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Renaissance (Ecosse) Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 85 (2023 - 87).

Renaissance (Ecosse) Limited

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

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 October 2023	3,114,581	988,869	486,562	80,423
Additions	-	5,846	37,389	553
At 30 September 2024	3,114,581	994,715	523,951	80,976
Depreciation
At 1 October 2023	-	650,414	407,369	67,430
Charge for the year	-	75,864	20,017	3,577
At 30 September 2024	-	726,278	427,386	71,007
Carrying amount
At 30 September 2024	3,114,581	268,437	96,565	9,969
At 30 September 2023	3,114,581	338,455	79,193	12,993

	Total £
Cost or valuation
At 1 October 2023	4,670,435
Additions	43,788
At 30 September 2024	4,714,223
Depreciation
At 1 October 2023	1,125,213
Charge for the year	99,458
At 30 September 2024	1,224,671
Carrying amount
At 30 September 2024	3,489,552
At 30 September 2023	3,545,222

Included within the net book value of land and buildings above is £3,114,581 (2023 - £3,114,581) in respect of freehold land and buildings.
 

5

Stocks

	2024 £	2023 £
Other inventories	39,823	42,494

Renaissance (Ecosse) Limited

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

6

Debtors

Current	2024 £	2023 £
Prepayments	55,874	-
	55,874	-

Renaissance (Ecosse) Limited

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	64,394	152,307
Trade creditors		160,773	78,488
Taxation and social security		202,127	196,000
Accruals and deferred income		248,205	400,658
Other creditors		306,769	282,828
		982,268	1,110,281

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	57,423	88,743

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary share capital of £1 each	3	3	3	3

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	57,423	88,743

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	64,394	152,307

10	Related party transactions

Renaissance (Ecosse) Limited

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

Directors' remuneration

The directors' remuneration for the year was as follows:

	2024 £	2023 £
Remuneration	25,140	25,140
Contributions paid to money purchase schemes	24,000	24,000
	49,140	49,140