REGISTERED NUMBER: SC649385 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

RENN PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N R Rennie

Mrs E Rennie

REGISTERED OFFICE:

12 Meadowpark

Seafield

West Lothian

EH47 7GA

REGISTERED NUMBER:

SC649385 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

Clydesdale Bank

Cairngorm House

Almondvale Boulevard

Livingston

West Lothian

EH54 6QL

FIXED ASSETS

Tangible assets

4

514

873

Investment property

5

270,000

387,000

270,514

387,873

CURRENT ASSETS

Debtors

6

63

197

Cash at bank

27,365

19,911

27,428

20,108

CREDITORS

Amounts falling due within one year

7

183,039

307,960

NET CURRENT LIABILITIES

(155,611

)

(287,852

)

TOTAL ASSETS LESS CURRENT LIABILITIES

114,903

100,021

PROVISIONS FOR LIABILITIES

13,398

16,497

NET ASSETS

101,505

83,524

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

56,700

70,470

Retained earnings

44,705

12,954

101,505

83,524

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 27 April 2026 and were signed on its behalf by:

N R Rennie - Director

Mrs E Rennie - Director

1.	STATUTORY INFORMATION

Renn Properties Ltd 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.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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.

Turnover

Turnover represents the total of rent and other income receivable by the company for the rental of own property for the period.

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 etc

-

20% on cost

Investment property

The company carries investment property at fair value with changes in fair value being recognised in the Income Statement. Any such changes together with the related deferred tax are transferred to a Fair Value Reserve.

The directors' opinion of the fair value of the company's investment property has been arrived at after reviewing transactions in the location and category of the investment property being valued.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

3,293

DEPRECIATION

At 1 January 2025

2,420

Charge for year

359

At 31 December 2025

2,779

NET BOOK VALUE

At 31 December 2025

514

At 31 December 2024

873

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

387,000

Disposals

(129,000

)

Revaluations

12,000

At 31 December 2025

270,000

NET BOOK VALUE

At 31 December 2025

270,000

At 31 December 2024

387,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2021

36,000

Valuation in 2022

4,000

Valuation in 2023

18,000

Valuation in 2025

12,000

Cost

200,000

270,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

134

Other debtors

63

63

63

197

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

768

750

Taxation and social security

10,998

2,668

Other creditors

171,273

304,542

183,039

307,960