REGISTERED NUMBER: SC653121 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

RLD PROPERTY LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

192,480

35,412

Investment property

5

161,986

161,986

354,466

197,398

CURRENT ASSETS

Cash at bank

3,265

1,037

CREDITORS

Amounts falling due within one year

6

212,095

100,597

NET CURRENT LIABILITIES

(208,830

)

(99,560

)

TOTAL ASSETS LESS CURRENT LIABILITIES

145,636

97,838

CREDITORS

Amounts falling due after more than one year

7

155,553

97,500

NET (LIABILITIES)/ASSETS

(9,917

)

338

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(10,017

)

238

(9,917

)

338

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 31 October 2025 and were signed on its behalf by:

R D Devine - Director

1.	STATUTORY INFORMATION

Rld Property Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC653121

Registered office:

6 Langhill Drive

Cumbernauld

Glasgow

G68 9AP

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 and revenue recognition

Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on cost

Plant and machinery

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their

settlement value.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

At 1 February 2024

9,092

58,759

67,851

Additions

-

195,512

195,512

Disposals

-

(58,759

)

(58,759

)

At 31 January 2025

9,092

195,512

204,604

DEPRECIATION

At 1 February 2024

3,978

28,461

32,439

Charge for year

-

8,146

8,146

Eliminated on disposal

-

(28,461

)

(28,461

)

At 31 January 2025

3,978

8,146

12,124

NET BOOK VALUE

At 31 January 2025

5,114

187,366

192,480

At 31 January 2024

5,114

30,298

35,412

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

161,986

NET BOOK VALUE

At 31 January 2025

161,986

At 31 January 2024

161,986

The investment property was purchased at market value in October 2020. The directors are of the opinion that there has been no material change in valuation from this date.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

13,479

13,479

Hire purchase contracts

2,667

5,298

Trade creditors

(1

)

(2

)

Tax

-

1,823

Other creditors

37,382

27,382

Directors' current accounts

157,494

51,015

Accrued expenses

1,074

1,602

212,095

100,597

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 1-2 years

13,479

13,479

Bank loans - 2-5 years

40,436

40,436

Bank loans more 5 yr by instal

295

10,649

Hire purchase contracts

101,343

32,936

155,553

97,500

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

295

10,649

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

67,689

78,043

At bank loan is secured by a fixed charge over the investment property held by the company.