Acorah Software Products - Accounts Production 16.8.310 false true true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 SC268983 Mr Norman Mackay Ms Elaine McIntosh LC Secretaries Limited director true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC268983 2024-06-30 SC268983 2025-06-30 SC268983 2024-07-01 2025-06-30 SC268983 frs-core:CurrentFinancialInstruments 2025-06-30 SC268983 frs-core:Non-currentFinancialInstruments 2025-06-30 SC268983 frs-core:ComputerEquipment 2025-06-30 SC268983 frs-core:ComputerEquipment 2024-07-01 2025-06-30 SC268983 frs-core:ComputerEquipment 2024-06-30 SC268983 frs-core:FurnitureFittings 2025-06-30 SC268983 frs-core:FurnitureFittings 2024-07-01 2025-06-30 SC268983 frs-core:FurnitureFittings 2024-06-30 SC268983 frs-core:ShareCapital 2025-06-30 SC268983 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 SC268983 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC268983 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 SC268983 frs-bus:SmallEntities 2024-07-01 2025-06-30 SC268983 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 SC268983 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 SC268983 1 2024-07-01 2025-06-30 SC268983 frs-bus:Director1 2024-07-01 2025-06-30 SC268983 frs-bus:Director2 2024-07-01 2025-06-30 SC268983 frs-bus:CompanySecretary1 2024-07-01 2025-06-30 SC268983 frs-countries:Scotland 2024-07-01 2025-06-30 SC268983 2023-06-30 SC268983 2024-06-30 SC268983 2023-07-01 2024-06-30 SC268983 frs-core:CurrentFinancialInstruments 2024-06-30 SC268983 frs-core:Non-currentFinancialInstruments 2024-06-30 SC268983 frs-core:ShareCapital 2024-06-30 SC268983 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: SC268983
Renaissance Property Scotland Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Renaissance Property Scotland Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—6

Page 1
Renaissance Property Scotland Limited
Statement of Financial Position
As At 30 June 2025
Statement of Financial Position
Registered number: SC268983

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 640 |  | 1,251
Investment Properties | 5 |  | 260,000 |  | 260,000
|  |  | 260,640 |  | 261,251
CURRENT ASSETS
Stocks | 6 | 650,695 |  | 650,695 |
Debtors | 7 | 556,110 |  | 540,475 |
Cash at bank and in hand |  | 68,765 |  | 92,684 |
|  | 1,275,570 |  | 1,283,854 |
Creditors: Amounts Falling Due Within One Year | 8 | (181,056 ) |  | (181,862 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,094,514 |  | 1,101,992
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,355,154 |  | 1,363,243
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (121 ) |  | (238 )
NET ASSETS |  |  | 1,355,033 |  | 1,363,005
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Income Statement |  |  | 1,354,933 |  | 1,362,905
SHAREHOLDERS' FUNDS |  |  | 1,355,033 |  | 1,363,005

Page 1
Page 2
Renaissance Property Scotland Limited
Statement of Financial Position (continued)
As At 30 June 2025
For the year ending 30 June 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 Income Statement.
On behalf of the board

Ms Elaine McIntosh Director
16/03/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Renaissance Property Scotland Limited
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
Renaissance Property Scotland Limited is a private company, limited by shares, incorporated in Scotland, registered number SC268983 . The registered office is Johnstone House, 52-54 Rose Street, Aberdeen, AB10 1HA.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the fair value of the consideration received or receivable in respect of rental income in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts where appropriate.
The company recognises revenue when:
The amount of revenue can be reliably measured;
services have been provided and the right to consideration has been earned;
and collectability of the related receivables is fairly assured.
Rental income from operating leases (net of any incentives given to the lesees) is recognised on a straight-line basis over the lease term.
Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 25% straight line
Computer Equipment | 25% straight line

2.5. 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 income statement.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
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Renaissance Property Scotland Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 July 2024 | 46,622 | 4,788 | 51,410
As at 30 June 2025 | 46,622 | 4,788 | 51,410
Depreciation
As at 1 July 2024 | 46,452 | 3,707 | 50,159
Provided during the period | 169 | 442 | 611
As at 30 June 2025 | 46,621 | 4,149 | 50,770
Net Book Value
As at 30 June 2025 | 1 | 639 | 640
As at 1 July 2024 | 170 | 1,081 | 1,251

Investment property consists of a property held to earn rentals. The fair value of the investment property at 41 Dempsey Court, Aberdeen was estimated by the director on an open market basis at the balance sheet date.
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Renaissance Property Scotland Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 July 2024 and 30 June 2025 | 260,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 328,804 |  | 328,804

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 650,695 |  | 650,695

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 6,110 |  | 5,475
Due after more than one year
Other debtors | 550,000 |  | 535,000
| 556,110 |  | 540,475

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | - |  | 804
Corporation tax | 2,304 |  | 751
Other taxes and social security | 818 |  | 86
Other creditors | 4,775 |  | 5,475
Accruals and deferred income | 1,668 |  | 1,668
Directors' loan accounts | 171,491 |  | 173,078
| 181,056 |  | 181,862

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

10. Directors Advances, Credits and Guarantees
Dividends paid to directors

| 2025 | 2024
--- | --- | ---
| £ | £
Ms Elaine McIntosh | 12,000 | 15,000

Page 5
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Renaissance Property Scotland Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
11. Dividends

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
On equity shares:
Interim dividend paid | 18,000 |  | 23,000

12. Related Party Transactions
M.E.M.S Developments LimitedA company which the director has significant control over.M.E.M.S Developments Limited owed the company £550,000 (2024: £535,000). There is no interest charged on the loan and no specified repayment terms.

M.E.M.S Developments Limited

A company which the director has significant control over.

M.E.M.S Developments Limited owed the company £550,000 (2024: £535,000). There is no interest charged on the loan and no specified repayment terms.

13. Ultimate Controlling Party
The company's ultimate controlling party is director by virtue of her ownership of 60% of the issued share capital in the company.
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