REGISTERED NUMBER: SC038876 (Scotland)

Unaudited Financial Statements for the Year Ended 5 April 2025

for

R.J.O'Donnell Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J L R O'Donnell

K O'Donnell

SECRETARY:

J L R O'Donnell

REGISTERED OFFICE:

16 Claremont Crescent

Edinburgh

EH7 4HX

REGISTERED NUMBER:

SC038876 (Scotland)

ACCOUNTANTS:

Cowan & Partners Limited

60 Constitution Street

Edinburgh

EH6 6RR

FIXED ASSETS

Tangible assets

4

190,466

189,078

Investment property

5

4,115,000

4,115,000

4,305,466

4,304,078

CURRENT ASSETS

Debtors

6

124,289

286,395

Cash at bank and in hand

232,577

62,704

356,866

349,099

CREDITORS

Amounts falling due within one year

7

228,290

247,096

NET CURRENT ASSETS

128,576

102,003

TOTAL ASSETS LESS CURRENT LIABILITIES

4,434,042

4,406,081

PROVISIONS FOR LIABILITIES

762,568

770,245

NET ASSETS

3,671,474

3,635,836

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

960,545

960,545

Fair value reserve

8

1,588,284

1,588,284

Retained earnings

1,122,545

1,086,907

3,671,474

3,635,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 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 23 December 2025 and were signed on its behalf by:

K O'Donnell - Director

1.	STATUTORY INFORMATION

R.J.O'Donnell Ltd 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

Turnover represents rental income from investment property, It is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax where applicable.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

No depreciation is charged on investment properties or improvements to property, instead investment property is valued per the policy below.

At the end of each accounting period, assets are reviewed and any impairment is recognised to the profit and loss account.

There have been no indicators of impairment in the year.

Investment property

Investment property is measured at fair value, based on an assessment of the open market value for similar assets in a similar condition and location.

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.

Debtors and creditors receivable - payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 2 ).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 6 April 2024

158,161

99,266

97,294

354,721

Additions

1,000

-

3,979

4,979

At 5 April 2025

159,161

99,266

101,273

359,700

DEPRECIATION

At 6 April 2024

-

97,245

68,398

165,643

Charge for year

-

303

3,288

3,591

At 5 April 2025

-

97,548

71,686

169,234

NET BOOK VALUE

At 5 April 2025

159,161

1,718

29,587

190,466

At 5 April 2024

158,161

2,021

28,896

189,078

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

and 5 April 2025

4,115,000

NET BOOK VALUE

At 5 April 2025

4,115,000

At 5 April 2024

4,115,000

Fair value at 5 April 2025 is represented by:

£

Valuation in 1999

823,338

Valuation in 2000

130,500

Valuation in 2001

6,707

Valuation in 2023

2,117,712

Cost

1,036,743

4,115,000

Property was revalued at 31 May 2022 by DHKK Chartered Surveyors. The directors have considered the fair value of investment properties at the year end and consider that the 2022 valuation continues to reflect fair value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Other debtors

124,289

286,395

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Trade creditors

1,855

7

Amounts owed to associates

100,662

100,662

Taxation and social security

14,575

24,745

Other creditors

111,198

121,682

228,290

247,096

8.

RESERVES

Fair

Revaluation

value

reserve

reserve

Totals

£

£

£

At 6 April 2024

and 5 April 2025

960,545

1,588,284

2,548,829

9.	RELATED PARTY DISCLOSURES

As at 5 April 2025 the company was due £100,662 (2024:£100,662) to Mrs E O'Donnell, the wife of one if the directors. During the year the company paid £2,000 in interest on the loan to Mrs O'Donnell.

As at 5 April 2025 the company was due £2,128 (2024: £3,269) to J L R O'Donnell, a director of the company and £439 (2024: £439) to K O'Donnell, also a director of the company. These balances are interest free and repayable on demand.

As at 5 April 2025 the company was due £71,213 (2024: £233,074) from the Estate of the late Mrs E Pelosi, a shareholder in the company.This balance is interest free and will be repaid upon realisation of the Estate assets.