RICHSIDE PROPERTIES LTD

Company Information
for the year from 1 September 2024 to 31 August 2025


Directors	ADEYEBA, Adedeji Oluwaseun
	ADEYEBA, Tamaraudenyefa Karen


Registered Number	SC575007 (Scotland)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		813,462		697,215
			813,462		697,215
Current assets
Debtors		12,870		9,955
Cash at bank and on hand		32,358		4,988
		45,228		14,943
Creditors amounts falling due within one year		(830,555)		(696,248)
Net current assets (liabilities)			(785,327)		(681,305)
Total assets less current liabilities			28,135		15,910
Creditors amounts falling due after one year			(10,782)		-
Net assets			17,353		15,910
Capital and reserves
Called up share capital			100		100
Profit and loss account			17,253		15,810
Shareholders' funds			17,353		15,910

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 12 May 2026, and are signed on its behalf by:

ADEYEBA, Adedeji Oluwaseun
Director
Registered Company No. SC575007

RICHSIDE PROPERTIES LTD

Notes to the Financial Statements
for the year ended 31 August 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.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 September 24	706,420
	Additions	119,311
	At 31 August 25	825,731
	Depreciation and impairment
	At 01 September 24	9,205
	Charge for year	3,064
	At 31 August 25	12,269
	Net book value
	At 31 August 25	813,462
	At 31 August 24	697,215