RAINE-FRASER LTD


Directors	Jamie Munro Fraser
	Dr Constance Raine Fraser


Registered Address	Crosslyn House Edinburgh Road
	Gifford
	Haddington
	EH41 4JE


Registered Number	SC819386 (Scotland)

Balance Sheet as at
30 September 2025

	Notes	2025
		£	£
Fixed assets
Tangible assets	3		5,148
Investment property	4		377,148
			382,296
Current assets
Debtors	5	1,658
Cash at bank and on hand		19,786
		21,444
Creditors amounts falling due within one year	6	(428,001)
Net current assets (liabilities)			(406,557)
Total assets less current liabilities			(24,261)
Provisions for liabilities			(978)
Net assets			(25,239)
Capital and reserves
Called up share capital			10
Profit and loss account			(25,249)
Shareholders' funds			(25,239)

The company was entitled to exemption from audit for this reporting period 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 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 and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 16 April 2026, and are signed on its behalf by:

Dr Constance Raine Fraser
Director

Jamie Munro Fraser
Director

Registered Company No. SC819386

RAINE-FRASER LTD

Notes to the Financial Statements
for the period ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net liability position of the company. The company is reliant upon the continued support of the director who has confirmed that they will continue to support the company as required.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Current taxation
	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.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixed assets are stated at cost, being purchase price, less accumulated depreciation.


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Fixtures and fittings	20	-
Office Equipment	-	3

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2025
	Average number of employees during the year	2

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
Additions	3,974	575	677	5,226
At 30 September 25	3,974	575	677	5,226
Depreciation and impairment
Charge for year	26	5	47	78
At 30 September 25	26	5	47	78
Net book value
At 30 September 25	3,948	570	630	5,148
At 13 August 24	-	-	-	-

4.	Investment property


		£
	Additions	377,148
	At 30 September 25	377,148

5.	Debtors: amounts due within one year

		2025
		£
	Prepayments and accrued income	1,658
	Total	1,658

6.	Creditors: amounts due within one year

		2025
		£
	Trade creditors / trade payables	4,340
	Other creditors	422,297
	Accrued liabilities and deferred income	1,364
	Total	428,001