REITH PROPERTIES LTD

Company Registration Number:
SC674930 (Scotland)

Unaudited abridged accounts for the year ended 20 March 2025

Period of accounts

Start date: 21 March 2024

End date: 20 March 2025

REITH PROPERTIES LTD

Contents of the Financial Statements

for the Period Ended 20 March 2025

Balance sheet
Notes

REITH PROPERTIES LTD

Balance sheet

As at 20 March 2025


Notes
2025
2024


£
£
Fixed assets
Investments: 3 780,000 780,000
Total fixed assets: 780,000 780,000
Current assets
Debtors:   578 578
Cash at bank and in hand: 2,400 1,374
Total current assets: 2,978 1,952
Creditors: amounts falling due within one year:   (293,207) (297,115)
Net current assets (liabilities): (290,229) (295,163)
Total assets less current liabilities: 489,771 484,837
Creditors: amounts falling due after more than one year:   (406,567) (406,567)
Provision for liabilities: (25,313) (25,313)
Total net assets (liabilities): 57,891 52,957
Capital and reserves
Called up share capital: 500 500
Profit and loss account: 57,391 52,457
Shareholders funds: 57,891 52,957

The notes form part of these financial statements

REITH PROPERTIES LTD

Balance sheet statements

For the year ending 20 March 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 December 2025
and signed on behalf of the board by:

Name: G Reid
Status: Director

The notes form part of these financial statements

REITH PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 20 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services supplied.

Other accounting policies

Judgements and key sources of estimated uncertainty The preparation of the financial statements requires management to make judgements estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances Going concern After reviewing the forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it financial statements.. Corporation Tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

REITH PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 20 March 2025

2. Employees

2025 2024
Average number of employees during the period 2 2

REITH PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 20 March 2025

3. Fixed investments

Investment property comprises of residential property available for rent. The fair value of the investment property has been arrived at on the basis of external and internal valuations undertaken by the Directors at 20 March 2025 and based on the current market values of similar assets in the area of the company Investments. The Directors deem that the fair value of the assets is £780,000. If investment properties were stated on a historical cost basis rather than a fair value basis, the amounts would have been included at £678,748