REGISTERED NUMBER: SC072376 (Scotland)

Unaudited Financial Statements for the Year Ended 31st August 2025

for

Reco Building Developments Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Directors:

Jennifer Carol English

Jennifer Claire English

Secretary:

Jennifer Carol English

Registered office:

16 Newmore

Muir of Ord

Ross & Cromarty

IV6 7RG

Registered number:

SC072376 (Scotland)

Accountants:

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

Inverness-shire

IV1 1HT

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reco Building Developments Limited for the year ended 31st August 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Reco Building Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reco Building Developments Limited and state those matters that we have agreed to state to the Board of Directors of Reco Building Developments Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Reco Building Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Reco Building Developments Limited. You consider that Reco Building Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Reco Building Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

Inverness-shire

IV1 1HT

27th May 2026

Fixed assets

Tangible assets

4

-

1,073

Investments

5

950,024

907,542

Investment property

6

820,000

1,385,000

1,770,024

2,293,615

Current assets

Debtors

7

769,963

1,061,611

Cash at bank and in hand

1,496,281

659,995

2,266,244

1,721,606

Creditors

Amounts falling due within one year

8

265,214

244,467

Net current assets

2,001,030

1,477,139

Total assets less current liabilities

3,771,054

3,770,754

Creditors

Amounts falling due after more than one year

9

20,055

176,196

Net assets

3,750,999

3,594,558

Capital and reserves

Called up share capital

17,500

17,500

Retained earnings

10

3,733,499

3,577,058

3,750,999

3,594,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th May 2026 and were signed on its behalf by:

Jennifer Claire English - Director

1.	Statutory information

Reco Building Developments 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 as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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.

Fair value

Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3.	Employees and directors

The average number of employees during the year was 4 (2024 - 2 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

Cost

At 1st September 2024

17,797

10,171

27,968

Disposals

(17,797

)

(10,171

)

(27,968

)

At 31st August 2025

-

-

-

Depreciation

At 1st September 2024

17,062

9,833

26,895

Eliminated on disposal

(17,062

)

(9,833

)

(26,895

)

At 31st August 2025

-

-

-

Net book value

At 31st August 2025

-

-

-

At 31st August 2024

735

338

1,073

5.	Fixed asset investments

Other

investments

£

Cost

At 1st September 2024

907,542

Additions

76,921

Disposals

(70,751

)

Share of profit/(loss)

36,312

At 31st August 2025

950,024

Net book value

At 31st August 2025

950,024

At 31st August 2024

907,542

6.	Investment property

Total

£

Fair value

At 1st September 2024

1,385,000

Disposals

(435,000

)

Revaluations

(130,000

)

At 31st August 2025

820,000

Net book value

At 31st August 2025

820,000

At 31st August 2024

1,385,000

Fair value at 31st August 2025 is represented by:

£

Valuation in 2016

1,373,630

Valuation in 2017

38,203

Valuation in 2024

(26,833

)

Valuation in 2025

(565,000

)

820,000

Investment property was valued on an open market basis on 31st August 2024 by the director's .

7.

Debtors

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

7,783

5,558

Other debtors

18,257

307,410

26,040

312,968

Amounts falling due after more than one year:

Other debtors

743,923

748,643

Aggregate amounts

769,963

1,061,611

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

8,566

5,755

Taxation and social security

36,144

72,598

Other creditors

220,504

166,114

265,214

244,467

9.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other creditors

20,055

176,196

10.

Reserves

Retained

earnings

£

At 1st September 2024

3,577,058

Profit for the year

221,441

Dividends

(65,000

)

At 31st August 2025

3,733,499

Included in retained earnings is £? (2024: £88,606) of profits which are not available for distribution as they are unrealised.