IRIS Accounts Production v25.4.12.37 SC164623 director 1.7.24 30.6.25 30.6.25 false true false false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC164623 2024-06-30 SC164623 2025-06-30 SC164623 2024-07-01 2025-06-30 SC164623 2023-06-30 SC164623 2023-07-01 2024-06-30 SC164623 2024-06-30 SC164623 ns15:Scotland 2024-07-01 2025-06-30 SC164623 ns14:PoundSterling 2024-07-01 2025-06-30 SC164623 ns10:Director1 2024-07-01 2025-06-30 SC164623 ns10:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC164623 ns10:SmallEntities 2024-07-01 2025-06-30 SC164623 ns10:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 SC164623 ns10:SmallCompaniesRegimeForDirectorsReport 2024-07-01 2025-06-30 SC164623 ns10:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 SC164623 ns10:FullAccounts 2024-07-01 2025-06-30 SC164623 1 2024-07-01 2025-06-30 SC164623 ns5:CurrentFinancialInstruments 2025-06-30 SC164623 ns5:CurrentFinancialInstruments 2024-06-30 SC164623 ns5:Non-currentFinancialInstruments 2025-06-30 SC164623 ns5:Non-currentFinancialInstruments 2024-06-30 SC164623 ns5:ShareCapital 2025-06-30 SC164623 ns5:ShareCapital 2024-06-30 SC164623 ns5:RetainedEarningsAccumulatedLosses 2025-06-30 SC164623 ns5:RetainedEarningsAccumulatedLosses 2024-06-30 SC164623 ns5:IntangibleAssetsOtherThanGoodwill 2024-07-01 2025-06-30 SC164623 ns5:ComputerSoftware 2024-07-01 2025-06-30 SC164623 ns5:IntangibleAssetsOtherThanGoodwill 2025-06-30 SC164623 ns5:CostValuation 2024-06-30 SC164623 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-06-30 SC164623 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-06-30 SC164623 ns5:Secured 2025-06-30 SC164623 ns5:Secured 2024-06-30 SC164623 ns10:Director1 1 2024-06-30 SC164623 ns10:Director1 1 2023-06-30 SC164623 ns10:Director1 1 2024-07-01 2025-06-30 SC164623 ns10:Director1 1 2023-07-01 2024-06-30 SC164623 ns10:Director1 1 2025-06-30 SC164623 ns10:Director1 1 2024-06-30

REGISTERED NUMBER: SC164623 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Redan Property Investments Limited

Redan Property Investments Limited (Registered number: SC164623)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

Redan Property Investments Limited (Registered number: SC164623)

Balance Sheet

30 June 2025

| 30.6.25 |  | 30.6.24

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 7,000 |  | - |  |

Investments | 5 | 1,000 |  | 1,000 |  |

Investment property | 6 | 13,215,283 |  | 13,375,283 |  |

13,223,283 |  | 13,376,283 |  |

CURRENT ASSETS

Debtors | 7 | 884,513 |  | 899,686 |  |

Cash at bank | 490,100 |  | 130,081 |  |

1,374,613 |  | 1,029,767 |  |

CREDITORS

Amounts falling due within one year | 8 | (522,819 | ) | (576,826 | ) |

NET CURRENT ASSETS | 851,794 |  | 452,941 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 14,075,077 |  | 13,829,224 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (3,625,907 | ) | (3,648,107 | ) |

NET ASSETS | 10,449,170 |  | 10,181,117 |  |

CAPITAL AND RESERVES

Called up share capital | 66 |  | 66 |  |

Retained earnings | 10,449,104 |  | 10,181,051 |  |

10,449,170 |  | 10,181,117 |  |

Redan Property Investments Limited (Registered number: SC164623)

Balance Sheet - continued

30 June 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 November 2025 and were signed by:

J R Johnston - Director

Redan Property Investments Limited (Registered number: SC164623)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Redan Property Investments Limited is a private company, limited by shares, domiciled in Scotland, registration number SC164623. The registered office is 6/8 Cow Wynd, Falkirk, FK1 1PL.

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.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover represents net invoiced property rentals, excluding value added tax. Sales are recognised in relation to the rental period.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer software is being amortised evenly over its estimated useful life of nil years.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost less any deemed impairment of value.

| 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.

| 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.

Redan Property Investments Limited (Registered number: SC164623)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Provisions

| Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

| Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. | EMPLOYEES AND DIRECTORS

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

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| Additions | 10,500 |  |

| At 30 June 2025 | 10,500 |  |

| AMORTISATION

| Charge for year | 3,500 |  |

| At 30 June 2025 | 3,500 |  |

| NET BOOK VALUE

| At 30 June 2025 | 7,000 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 1,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,000 |  |

| At 30 June 2024 | 1,000 |  |

Redan Property Investments Limited (Registered number: SC164623)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2024 | 13,375,283 |  |

| Disposals | (160,000 | ) |

| At 30 June 2025 | 13,215,283 |  |

| NET BOOK VALUE

| At 30 June 2025 | 13,215,283 |  |

| At 30 June 2024 | 13,375,283 |  |

| Fair value at 30 June 2025 is represented by:

£ |

| Valuation in 2018 | 3,425,398 |  |

| Cost | 9,789,885 |  |

13,215,283 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

| 30.6.25 |  | 30.6.24

£ | £ |

| Cost | 9,789,885 |  | 10,065,482 |  |

| Investment property was valued on an open market value basis on 30 June 2018 by the director .

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 76,080 |  | 94,504 |  |

| Amounts owed by group undertakings | 775,839 |  | 775,839 |  |

| Amounts owed by related parties | 5,519 |  | 1,346 |  |

| Other debtors | 27,075 |  | 27,997 |  |

884,513 |  | 899,686 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans and overdrafts | 40,852 |  | 62,817 |  |

| Trade creditors | 74,164 |  | 70,018 |  |

| Taxation and social security | 171,906 |  | 160,647 |  |

| Other creditors | 235,897 |  | 283,344 |  |

522,819 |  | 576,826 |  |

Redan Property Investments Limited (Registered number: SC164623)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans | 1,458,919 |  | 1,744,541 |  |

| Amounts owed to related parties | 2,166,988 |  | 1,903,566 |  |

3,625,907 |  | 3,648,107 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans | 1,499,771 |  | 1,807,358 |  |

| Bank of Scotland PLC hold a standard security and floating charge over the assets of the company in respect of the bank loans.

11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

| 30.6.25 |  | 30.6.24

£ | £ |

| J R Johnston

| Balance outstanding at start of year | - |  | 235,196 |  |

| Amounts repaid | - |  | (235,196 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

12. | RELATED PARTY DISCLOSURES

| At the year end, amounts owed to companies under common control was £2,166,988 (2024: £1,903,566).

| At the year, amounts owed by companies under common control was £5,519 (2024: £1,346).