Registration number: SC586308

RTE Developments Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 8

RTE Developments Ltd

Company Information

Director

Mrs Michelle Lowrie

Registered office

4 Towerknowe Hawick Scottish Borders Scotland TD9 9DQ

Accountants

Deans Accountants And Business Advisors Ltd 27 North Bridge Street Hawick Scottish Borders TD9 9BD

DEANS

Chartered Accountants

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
RTE Developments Ltd for the Period Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RTE Developments Ltd for the period ended 31 March 2026 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland (ICAS), we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/ethics/icas-code-of-ethics.

This report is made solely to the Board of Directors of RTE Developments Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of RTE Developments Ltd and state those matters that we have agreed to state to the Board of Directors of RTE Developments Ltd, as a body, in this report in accordance with ICAS guidance (www.icas.com/accountsprep/guidance). To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RTE Developments Ltd and its Board of Directors as a body for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the accounts of RTE Developments Ltd. 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 accounts.

......................................

Deans Accountants And Business Advisors Ltd
27 North Bridge Street
Hawick
Scottish Borders
TD9 9BD

20 July 2026

RTE Developments Ltd

(Registration number: SC586308)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	75,000	120,000
Current assets
Stocks	5	161,415	161,415
Debtors	6	-	10,305
Cash at bank and in hand		61,209	52,458
		222,624	224,178
Creditors: Amounts falling due within one year	7	(22,096)	(43,211)
Net current assets		200,528	180,967
Total assets less current liabilities		275,528	300,967
Creditors: Amounts falling due after more than one year	7	(115,074)	(159,933)
Net assets		160,454	141,034
Capital and reserves
Called up share capital	8	200	200
Retained earnings		160,254	140,834
Shareholders' funds		160,454	141,034

For the financial period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 July 2026
 

......................................... Mrs Michelle Lowrie Director

RTE Developments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2025 to 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
4 Towerknowe
Hawick
Scottish Borders
TD9 9DQ
Scotland

The principal place of business is:
4 Towerknowe
Hawick
Scottish Borders
TD9 9DQ
Scotland

These financial statements were authorised for issue by the director on 20 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company is not directly impacted by Brexit.

The company has suffered financially from the pandemic. Where appropriate, government support in the forms of grants and loans were used to mitigate the impact of lockdowns etc. The directors will continue to assess the impact of the pandemic and make decisions accordingly.

The accounts are presented in £GBP and are rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Rendering of services
Turnover 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.

Rental income
Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

RTE Developments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2025 to 31 March 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

RTE Developments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2025 to 31 March 2026

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2025 - 2).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 July 2025	120,000	120,000
Disposals	(45,000)	(45,000)
At 31 March 2026	75,000	75,000
Depreciation
Carrying amount
At 31 March 2026	75,000	75,000
At 30 June 2025	120,000	120,000

Included within the net book value of land and buildings above is £75,000 (2025 - £120,000) in respect of freehold land and buildings.
 

5

Stocks

	2026 £	2025 £
Work in progress	161,415	161,415

6

Debtors

Current	2026 £	2025 £
Trade debtors	-	9,770
Other debtors	-	535
	-	10,305

RTE Developments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2025 to 31 March 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	9	5,545	5,545
Taxation and social security		16,551	13,707
Other creditors		-	23,959
		22,096	43,211

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	9	115,074	159,933

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	200	200	200	200

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	20,412	24,711
Other borrowings	94,662	135,222
	115,074	159,933

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	5,545	5,545

RTE Developments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2025 to 31 March 2026

10	Related party transactions

Other transactions with the director

Mrs E Walsh has lent funds to the company. These loans are interest free and there are no specific terms for repayment. At the year end, £69,662 was due to Mrs Walsh (2025 - £110,222).

Mrs M Lowrie has lent funds to the company. These loans are interest free and there are no specific terms for repayment. At the year end, £25,000 was due to Mrs Lowrie (2025 - £25,000).

Summary of transactions with associates

Lowrie Property Ltd, a company under the control of the shareholders and director of the company has been advanced loans during the period. At the year end, £29,547 was due from Lowrie Property Ltd. These amounts are interest free and there are no specific terms for repayment.