RODEL CROFTING LANDS LIMITED


Director	MACDONALD, Donald


Company Secretary	ANDERSON MACARTHUR LIMITED


Registered Address	Caledonia House, 89 Seaward Street
	Glasgow
	G41 1HJ


Registered Number	SC029034 (Scotland)

Statement of Financial Position
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,579		2,249
Investment property	4		409,680		411,630
			411,259		413,879
Current assets
Debtors	5	-		6,068
Cash at bank and on hand		67,557		8,380
		67,557		14,448
Creditors amounts falling due within one year	6	(25,103)		(19,048)
Net current assets (liabilities)			42,454		(4,600)
Total assets less current liabilities			453,713		409,279
Provisions for liabilities	7		(21,300)		(21,427)
Net assets			432,413		387,852
Capital and reserves
Called up share capital			17,500		17,500
Revaluation reserve			168,034		168,034
Other reserves			12,500		12,500
Profit and loss account			234,379		189,818
Shareholders' funds			432,413		387,852

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 Director acknowledges 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 Director on 30 July 2026, and are signed on its behalf by:

MACDONALD, Donald
Director
Registered Company No. SC029034

RODEL CROFTING LANDS LIMITED

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

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover represents rents and related services, received during the year. The company's policy is to recognise income when substantially all the risks and rewards in connection with the services have been passed to the buyer.

	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
	Tangible fixed assets are stated at cost less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	5

	Investment property
	All of the company's investment property is held for long term investment. Investment property is accounted for as follows: (i) Investment property is initially recorded at cost which includes purchase cost and any directly attributable expenditure. (ii) Thereafter, investment property is revalued at each balance sheet date to fair value, were this can be measured reliably. (iii) The surplus or deficit arising on revaluation in the financial year is recognised in the profit and loss account for that year. Revaluation gains and losses are accumulated in the profit and loss account reserve, unless the revaluation amount exceeds the original cost in which case, a transfer is made of the surplus to a non-distributable reserve in the balance sheet. (iv) Deferred taxation is provided on any gains at the rate expected to apply when the property is sold.

Investment property

All of the company's investment property is held for long term investment. Investment property is accounted for as follows:

(i) Investment property is initially recorded at cost which includes purchase cost and any directly attributable expenditure.

(ii) Thereafter, investment property is revalued at each balance sheet date to fair value, were this can be measured reliably.

(iii) The surplus or deficit arising on revaluation in the financial year is recognised in the profit and loss account for that year. Revaluation gains and losses are accumulated in the profit and loss account reserve, unless the revaluation amount exceeds the original cost in which case, a transfer is made of the surplus to a non-distributable reserve in the balance sheet.

(iv) Deferred taxation is provided on any gains at the rate expected to apply when the property is sold.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 November 24	3,349	3,349
At 31 October 25	3,349	3,349
Depreciation and impairment
At 01 November 24	1,100	1,100
Charge for year	670	670
At 31 October 25	1,770	1,770
Net book value
At 31 October 25	1,579	1,579
At 31 October 24	2,249	2,249

4.	Investment property
	The fair value of investment property at 31 October 2025 has been arrived at on the basis of a valuation carried out at that date by the company director, who is not a professionally qualified valuer. The valuation was arrived at by reference to previous valuations carried out by Baird Lumsden and CKD Galbraith, professional valuers. The professional valuations were supported by a range of evidence provided by sales which have taken place over recent years and on the basis of market evidence and trends.

Investment property

The fair value of investment property at 31 October 2025 has been arrived at on the basis of a valuation carried out at that date by the company director, who is not a professionally qualified valuer. The valuation was arrived at by reference to previous valuations carried out by Baird Lumsden and CKD Galbraith, professional valuers. The professional valuations were supported by a range of evidence provided by sales which have taken place over recent years and on the basis of market evidence and trends.


		£
	Fair value at 01 November 24	411,630
	Disposals	(1,950)
	At 31 October 25	409,680

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Prepayments and accrued income	-	6,068
Total	-	6,068

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	8,378
Taxation and social security	14,950	2,749
Other creditors	7,993	5,870
Accrued liabilities and deferred income	2,160	2,051
Total	25,103	19,048

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	21,300	21,427
Total	21,300	21,427

8.	Related party transactions
	Included in creditors is an interest free loan of £843 (2024: £331) from the director. The loan is unsecured and repayable on demand.