REGISTERED NUMBER: SC686795 (Scotland)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

REWD 66 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Duncan

A Robertson

REGISTERED OFFICE:

Afton House, First Floor

26 West Nile Street

Glasgow

G1 2PF

REGISTERED NUMBER:

SC686795 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Investment property

4

1,667,249

1,667,249

CURRENT ASSETS

Debtors

5

38,432

41,640

Cash at bank

8,821

7,646

47,253

49,286

CREDITORS

Amounts falling due within one year

6

510,540

517,773

NET CURRENT LIABILITIES

(463,287

)

(468,487

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,203,962

1,198,762

CREDITORS

Amounts falling due after more than one year

7

(1,129,050

)

(1,119,530

)

PROVISIONS FOR LIABILITIES

9

(18,678

)

(19,758

)

NET ASSETS

56,234

59,474

CAPITAL AND RESERVES

Called up share capital

200

200

Fair value reserve

10

61,580

60,499

Retained earnings

(5,546

)

(1,225

)

SHAREHOLDERS' FUNDS

56,234

59,474

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

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

L Duncan - Director

1.	STATUTORY INFORMATION

REWD 66 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,667,249

NET BOOK VALUE

At 31 March 2025

1,667,249

At 31 March 2024

1,667,249

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

80,257

Cost

1,586,992

1,667,249

The directors have reviewed the property values at the year end and assess these as being held at fair value.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by associates

8,090

9,498

Other debtors

30,342

32,142

38,432

41,640

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,530

-

Amounts owed to associates

44,973

48,911

Other creditors

464,037

468,862

510,540

517,773

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,129,050

1,119,530

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,129,050

1,119,530

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

1,129,050

1,119,530

Together Commercial Finance Ltd holds security over the Southmost house Lower Ground Floor, 80 Balfour Street, KY2 5HD.

Together Commercial Finance Ltd holds security over the Southmost house on the Ground Floor of 84 Balfour Street, KY2 5HD.

Together Commercial Finance Ltd holds security over 74D Balfour Street, KY2 5HD

Together Commercial Finance Ltd holds security over 18 Dean Road KY2 5SB

Together Commercial Finance Ltd holds security over 2-R 34 Grampian Road AB11 8EA

Paratus AMC Ltd holds security over 57 Main Street, KY1 4AG

Paratus AMC Ltd holds security over 16 Maxwell Place KY6 1ET

Shawbrook Bank Ltd holds security over 14 Stoneybank Crescent EH21 6HP

Shawbrook Bank Ltd holds security over 6 Stoneybank Terrace EH21 6NL

Shawbrook Bank Ltd holds security over Flat 1 Temperance House FK1 1DG

Shawbrook Bank Ltd holds security over Flat 2 Temperance House FK1 1DG

Shawbrook Bank Ltd holds security over Flat 4 Temperance House FK1 1DG

Shawbrook Bank Ltd holds security over Flat 5 Temperance House FK1 1DG

Shawbrook Bank Ltd holds security over Flat 6 Temperance House FK1 1DG

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

18,678

19,758

Deferred

tax

£

Balance at 1 April 2024

19,758

Provided during year

(1,080

)

Balance at 31 March 2025

18,678

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

60,499

Deferred tax on revaluation

1,081

At 31 March 2025

61,580

11.	RELATED PARTY DISCLOSURES

As at 31/03/2025, REWD 66 Ltd was owed £3,450 by Real Estate Wealth Development Holdings Ltd.

REWD 66 is a subsidiary of Real Estate Wealth Development Holdings Ltd and the companies have directors in common.

As at 31/03/2025, REWD 66 Ltd was owed £3,800 by REWD LADZ Ltd. These companies are under common ownership and share directors.

As at 31/03/2025, REWD 66 Ltd was owed £760 by Real Estate Wealth Development Ltd. These companies are under common ownership and share directors.

As at 31/03/2025, REWD 66 Ltd owed £10,333 to Real Property Scotland Ltd. These companies have directors in common.

As at 31/03/2025, REWD 66 Ltd owed £34,640 to REWD Developments Ltd. These companies have directors in common.