Rossco Properties (West Lothian) Limited

Registered number

SC596128

Filleted Accounts

31 March 2026

Rossco Properties (West Lothian) Limited
Registered number:		SC596128
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		4,322			-
Investments	4		9,100,294			9,000,000
			9,104,616			9,000,000

Current assets
Debtors	5	93,000			136,000
Cash at bank and in hand		2,396,221			385,018
		2,489,221			521,018

Creditors: amounts falling due within one year	6	(7,475,334)			(6,180,666)

Net current liabilities			(4,986,113)			(5,659,648)

Total assets less current liabilities			4,118,503			3,340,352


Provisions for liabilities			(276,133)			(276,133)


Net assets			3,842,370			3,064,219

Capital and reserves
Called up share capital			12			12
Profit and loss account			3,842,358			3,064,207

Shareholder's funds			3,842,370			3,064,219

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Simon M Howie
Director
Approved by the board on 29 July 2026

Rossco Properties (West Lothian) Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than heritable land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Heritable buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	Additions				5,084
	At 31 March 2026				5,084

	Depreciation
	Charge for the year				762
	At 31 March 2026				762

	Net book value
	At 31 March 2026				4,322


4	Investments

Other
investments
£
	Fair value
	At 1 April 2025				9,000,000
	Additions				100,294

	At 31 March 2026				9,100,294

	Historical cost
	At 1 April 2025				7,895,470
	At 31 March 2026				7,995,764

	The company's investment property in Livingston has been revalued at fair value by the director, Simon Howie, as at 31 March 2026. The investment property in Dunning purchased in the year is valued at cost.


5	Debtors		2026		2025
£				£

	Trade debtors		93,000		-
	Other debtors		-		136,000
			93,000		136,000


6	Creditors: amounts falling due within one year		2026		2025
£				£

	Trade creditors		4,598		-
	Taxation and social security costs		210,936		153,166
	Other creditors		7,259,800		6,027,500
			7,475,334		6,180,666


7	Related party transactions

	The company borrowed money from the director, S M Howie's, personal company Rossco Estates Limited (formerly Great Interest Limited), and repaid the loan in full during the year.
	The company has loaned £136,000 to Rossco Estates Limited (formerly Great Interest Limited) in the year and has been repaid since the year end.
	At the year end the shareholder has loaned £7,104,800 to the company. This loan is interest free and repayable on demand.


8	Controlling party

	The company was under the control of Mrs Lynne Tree throughout the year. There were no transactions during the year between the company and Mrs Tree, or with entities controlled by her, or by close family members, other than those disclosed in note 7 to the accounts.


9	Other information

	Rossco Properties (West Lothian) Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
	Findony
	Muckhart Road
	Dunning
	Perthshire
	PH2 0RA