REGISTERED NUMBER: SC520281 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

RCR Industrial Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Robson

C P Robson

E C Welsh

REGISTERED OFFICE:

Windylaws

Peebles

EH45 8PJ

REGISTERED NUMBER:

SC520281 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

FIXED ASSETS

Tangible assets

4

-

1,632

Investment property

5

2,171,935

2,171,935

2,171,935

2,173,567

CURRENT ASSETS

Cash at bank

6,455

9,562

CREDITORS

Amounts falling due within one year

6

337,700

611,450

NET CURRENT LIABILITIES

(331,245

)

(601,888

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,840,690

1,571,679

CREDITORS

Amounts falling due after more than one year

7

(486,500

)

(263,278

)

PROVISIONS FOR LIABILITIES

9

(218,283

)

(218,691

)

NET ASSETS

1,135,907

1,089,710

CAPITAL AND RESERVES

Called up share capital

10

120

120

Fair value reserve

676,007

676,007

Retained earnings

459,780

413,583

SHAREHOLDERS' FUNDS

1,135,907

1,089,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 18 June 2026 and were signed on its behalf by:

P Robson - Director

1.	STATUTORY INFORMATION

RCR Industrial 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.

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

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings

- 20% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Investment property

Investment properties, for which fair value can be measured reliably without undue cost or effort on an ongoing basis, are measured at fair value annually with any change recognised in the profit and loss account.

In accordance with Financial Reporting Standard 102 no depreciation is provided in respect of freehold properties held as investment properties where fair value can be measured reliably without undue cost or effort. This is a departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated. Such properties are held for investment and not for consumption, and the directors consider that to depreciate them would not give a true and fair view.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2024

and 30 November 2025

8,164

DEPRECIATION

At 1 December 2024

6,532

Charge for year

1,632

At 30 November 2025

8,164

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

1,632

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

2,171,935

NET BOOK VALUE

At 30 November 2025

2,171,935

At 30 November 2024

2,171,935

Fair value at 30 November 2025 is represented by:

£

Valuation in 2025

2,171,935

If investment property had not been revalued it would have been included at the following historical cost:

30.11.25

30.11.24

£

£

Cost

1,298,802

1,298,802

Investment property was valued on an open market basis on 30 November 2025 by the directors of the company .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

-

25,278

Taxation and social security

15,719

10,939

Other creditors

321,981

575,233

337,700

611,450

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

486,500

253,931

Other creditors

-

9,347

486,500

263,278

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank loans

486,500

279,209

There are bank loan facilities secured by fixed and floating charges over all the company's assets.

9.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

£

Deferred tax

218,283

218,691

Deferred

tax

£

Balance at 1 December 2024

218,691

Provided during year

(408

)

Balance at 30 November 2025

218,283

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

120

Ordinary

1

120

120

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the directors £103,108 (2024: £119,421).

12.	RELATED PARTY DISCLOSURES

Related Party

Type of transaction

Amount 30.11.25

Amount 30.11.24

Balance receivable by/(payable to) related party as at 30.11.25

Balance receivable by/(payable to) related party as at 30.11.24

£

£

£

£

Shareholder

Loan

12,000

12,000

(100,854)

(112,854)

Shareholder

Loan

Nil

16,000

(19,440)

(19,440)

Shareholder

Loan

Nil

16,000

(19,440)

(19,440)

Family member of shareholder

Loan

17233

(20,727)

(41,588)

(58,821)

Family member of shareholder

Loan

Nil

Nil

(35,304)

(35,304)

Family member of shareholder

Loan

1,731

Nil

Nil

(1,731)

Family member of shareholder

Loan

200,000

200,000

Nil

(200,000)

Family member of shareholder

Sale of property

Nil

252,124

Nil

Nil

(1) Shareholders and family members of shareholders have loaned money to the company to enable the

purchase of investment properties.

(2) During the year, the company sold no investment properties to a family member of a shareholder (2024: 3) .

13.	ULTIMATE CONTROLLING PARTY

There is no overall controlling interest.