REGISTERED NUMBER: SC139088 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

R & R INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G A Russell

Mrs M E Colvin

C Russell

REGISTERED OFFICE:

1st Floor 6 Forbes Drive

Heathfield Industrial Estate

Ayr

KA8 9FG

REGISTERED NUMBER:

SC139088 (Scotland)

ACCOUNTANTS:

Bannerman Johnstone Maclay

213 St Vincent Street

Glasgow

G2 5QY

BANKERS:

Bank of Scotland

235 Sauchiehall Street

Glasgow

G2 3EY

SOLICITORS:

Morton Fraser MacRoberts

Capella

60 York Street

Glasgow

G2 8JX

FIXED ASSETS

Tangible assets

4

670,616

425,207

Investments

5

14,466,275

11,506,192

Investment property

6

10,075,000

10,075,000

25,211,891

22,006,399

CURRENT ASSETS

Debtors

7

109,944

49,500

Cash at bank

762,236

1,734,610

872,180

1,784,110

CREDITORS

Amounts falling due within one year

8

5,968,228

4,518,935

NET CURRENT LIABILITIES

(5,096,048

)

(2,734,825

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,115,843

19,271,574

CREDITORS

Amounts falling due after more than one year

9

2,160,150

2,146,784

NET ASSETS

17,955,693

17,124,790

CAPITAL AND RESERVES

Called up share capital

400

400

Fair value reserve

10

1,586,407

1,586,407

Retained earnings

16,368,886

15,537,983

SHAREHOLDERS' FUNDS

17,955,693

17,124,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 11 November 2025 and were signed on its behalf by:

G A Russell - Director

1.	STATUTORY INFORMATION

R & R Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

The turnover shown in the profit and loss account represents rental income earned during the year, exclusive of Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

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 has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include certain debtors and cash and bank balances, are initially measured at transaction price including transactions 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.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including certain creditors and loans from related undertakings, 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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Deferred government grants

Grants received in respect of capital expenditure are credited to a deferred income account, to be released only upon the sale of the investment property.

Government grants assistance of a revenue nature are credited to the profit and loss account in the same period as the related expenditure.

Investments

Investments are included at cost less amounts previously written off. The company's share of profit or losses arising in the period from its investment in Barochan Heathfield LLP are recognised in the period they arise and are debited to the investment carrying value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

558,633

Additions

481,500

Disposals

(170,050

)

At 30 April 2025

870,083

DEPRECIATION

At 1 May 2024

133,426

Charge for year

175,670

Eliminated on disposal

(109,629

)

At 30 April 2025

199,467

NET BOOK VALUE

At 30 April 2025

670,616

At 30 April 2024

425,207

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 May 2024

40,535

Additions

235,000

At 30 April 2025

275,535

DEPRECIATION

At 1 May 2024

16,045

Charge for year

44,405

At 30 April 2025

60,450

NET BOOK VALUE

At 30 April 2025

215,085

At 30 April 2024

24,490

5.	FIXED ASSET INVESTMENTS

Investments

Other

in LLP

investments

Totals

£

£

£

COST OR VALUATION

At 1 May 2024

11,506,192

-

11,506,192

Additions

-

3,559,791

3,559,791

Disposals

-

(1,570,000

)

(1,570,000

)

Share of profit/(loss)

1,042,083

-

1,042,083

Revaluations

-

(71,791

)

(71,791

)

At 30 April 2025

12,548,275

1,918,000

14,466,275

NET BOOK VALUE

At 30 April 2025

12,548,275

1,918,000

14,466,275

At 30 April 2024

11,506,192

-

11,506,192

Cost or valuation at 30 April 2025 is represented by:

Investments

Other

in LLP

investments

Totals

£

£

£

Valuation in 2025

-

(71,791

)

(71,791

)

Cost

12,548,275

1,989,791

14,538,066

12,548,275

1,918,000

14,466,275

The fixed asset investment above represents the company's investment in Barochan Heathfield LLP, a partnership registered in Scotland, which the company is a member.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

10,075,000

NET BOOK VALUE

At 30 April 2025

10,075,000

At 30 April 2024

10,075,000

If the investment properties had not been revalued, they would have been included at their historical costs of £8,487,787 (2024: £8,487,787).

All properties were revalued on the 30 May 2024 by Shepherd Commercial under the standards dictated by The Royal Institution of Chartered Surveyors. The basis of valuation used for all valuations is open market value.

Fair value at 30 April 2025 is represented by:

£

Valuation in 2024

1,587,213

Cost

8,487,787

10,075,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

91,146

49,500

Other debtors

18,798

-

109,944

49,500

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,167

9,167

Hire purchase contracts

28,301

7,634

Trade creditors

62,535

87,543

Amounts owed to related undertakings

5,272,511

3,627,659

Taxation and social security

128,819

275,481

Other creditors

466,895

511,451

5,968,228

4,518,935

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,666

11,666

Hire purchase contracts

34,817

11,451

Other creditors

2,123,667

2,123,667

2,160,150

2,146,784

10.

RESERVES

Fair

value

reserve

£

At 1 May 2024

and 30 April 2025

1,586,407

11.	GOVERNMENT GRANTS

2024

2023

£

£

Government grants

1,223,667

1,538,667

Grants received in respect of capital expenditure are to be released only upon the sale of the investment property.