REGISTERED NUMBER: SC241320 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Rural Renaissance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Michael John Crawford

Mrs Deborah Crawford

Mr Donald John Crawford

REGISTERED OFFICE:

Priorwood House

High Road

Melrose

TD6 9EF

REGISTERED NUMBER:

SC241320 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Property, plant and equipment

4

5,247

13,117

Investments

5

24

24

Investment property

6

-

9,894

5,271

23,035

CURRENT ASSETS

Inventories

235,458

292,088

Debtors

7

920,508

925,006

Cash at bank and in hand

2,030

124,316

1,157,996

1,341,410

CREDITORS

Amounts falling due within one year

8

1,277,597

2,655,299

NET CURRENT LIABILITIES

(119,601

)

(1,313,889

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(114,330

)

(1,290,854

)

CREDITORS

Amounts falling due after more than one year

9

2,500

12,500

NET LIABILITIES

(116,830

)

(1,303,354

)

CAPITAL AND RESERVES

Called up share capital

303,151

303,151

Retained earnings

(419,981

)

(1,606,505

)

SHAREHOLDERS' FUNDS

(116,830

)

(1,303,354

)

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 11 May 2026 and were signed on its behalf by:

Mr Michael John Crawford - Director

1.	STATUTORY INFORMATION

Rural Renaissance 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.

Going Concern

The directors have made an assessment of the company's ability to continue as a going concern. The directors monitor cash flow on a daily basis and review financial forecasts and cash flow projections.

In the opinion of the directors it remains appropriate to prepare the financial statements on a going concern basis.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

Straight line over 5 years

Motor vehicles

-

Straight line over 5 years

Computer equipment

-

Straight line over 5 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method; Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2024

72,832

Additions

21,984

At 31 March 2025

94,816

DEPRECIATION

At 1 April 2024

59,715

Charge for year

29,854

At 31 March 2025

89,569

NET BOOK VALUE

At 31 March 2025

5,247

At 31 March 2024

13,117

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

39,350

Additions

21,984

At 31 March 2025

61,334

DEPRECIATION

At 1 April 2024

26,233

Charge for year

21,984

At 31 March 2025

48,217

NET BOOK VALUE

At 31 March 2025

13,117

At 31 March 2024

13,117

5.	FIXED ASSET INVESTMENTS

Interest

in joint

venture

£

COST

At 1 April 2024

and 31 March 2025

24

NET BOOK VALUE

At 31 March 2025

24

At 31 March 2024

24

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

9,894

Disposals

(9,894

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

9,894

7.

DEBTORS

31/3/25

31/3/24

£

£

Amounts falling due within one year:

Trade debtors

84,708

165,840

Other debtors

34,465

49,852

119,173

215,692

Amounts falling due after more than one year:

Amounts owed by joint ventures

801,335

709,314

Aggregate amounts

920,508

925,006

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

10,000

667,795

Hire purchase contracts (see note 10)

-

6,231

Trade creditors

179,865

216,482

Amounts owed to joint ventures

273,477

156,973

Taxation and social security

76,632

38,271

Other creditors

737,623

1,569,547

1,277,597

2,655,299

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

2,500

12,500

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/3/25

31/3/24

£

£

Net obligations repayable:

Within one year

-

6,231

11.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank loans

12,500

680,295

Other loans

-

485,926

12,500

1,166,221

The Bank of Scotland plc has a floating charge covering all property or undertakings of the company and several charges covering land owned by the company.