R&c Duguid Property Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: SC803952

		31 March 2025
	Notes	£	£
FIXED ASSETS
Investment Properties	4		52,092

			52,092
CURRENT ASSETS
Cash at bank and in hand		2,169

		2,169
Creditors: Amounts Falling Due Within One Year	5	(58,191 )

NET CURRENT ASSETS (LIABILITIES)			(56,022 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(3,930 )

NET LIABILITIES			(3,930 )

CAPITAL AND RESERVES
Called up share capital	6		10
Profit and Loss Account			(3,940 )

SHAREHOLDERS' FUNDS			(3,930)

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Rachel Duguid

Director

07/11/2025

The notes on page 2 form part of these financial statements.

1. General Information

R&c Duguid Property Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC803952 . The registered office is 15 Morrison's Croft Crescent, Bridge Of Don, Aberdeen, AB23 8FG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL

4. Investment Property

	31 March 2025
	£
Fair Value
As at 21 March 2024	-
Additions	52,092

As at 31 March 2025	52,092

5. Creditors: Amounts Falling Due Within One Year

	31 March 2025
	£
Trade creditors	692
Other loans	28,129
Other creditors	29,370

	58,191

6. Share Capital

	31 March 2025
	£
Allotted, Called up and fully paid	10

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