Company Registration No. SC823648 (Scotland)
Rsd Property Holdings Limited
Unaudited accounts
for the period from 24 September 2024 to 30 September 2025
Rsd Property Holdings Limited
Unaudited accounts
Contents
Rsd Property Holdings Limited
Statement of financial position
as at 30 September 2025
Cash at bank and in hand
15
Creditors: amounts falling due within one year
(2,591,412)
Net current liabilities
(260,075)
Profit and loss account
(260,076)
Shareholders' funds
(260,075)
For the period ending 30 September 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2026 and were signed on its behalf by
Rajinder Singh Dhillon
Director
Company Registration No. SC823648
Rsd Property Holdings Limited
Notes to the Accounts
for the period from 24 September 2024 to 30 September 2025
Rsd Property Holdings Limited is a private company, limited by shares, registered in Scotland, registration number SC823648. The registered office is Clyde Offices, 2nd Floor, 48 West George Street, Glasgow, Lanarkshire, G2 1BP, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
These financial statements have been prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, including the provisions of Section 1A "Small Entities", and the requirements of the Companies Act 2006.
The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Revenue represents amounts receivable from the sale of development properties in the ordinary course of business, net of discounts and other sales-related taxes.
Revenue from the sale of development properties is recognised when control of the property has transferred to the purchaser and the company has satisfied its performance obligations in respect of the sale.
Development properties comprise land and properties acquired or developed for resale in the ordinary course of business and are classified as stocks.
Development properties are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost comprises the purchase price of the property and directly attributable expenditure incurred in acquiring and developing the property and bringing it to its present location and condition. Such costs may include legal and professional fees, Land and Buildings Transaction Tax, planning and design costs, construction costs and other directly attributable development expenditure.
At each reporting date, the carrying value of development properties is reviewed and, where the estimated selling price less costs to complete and sell is lower than cost, the carrying value is reduced accordingly.
All borrowing costs are recognised in profit or loss in the period in Which they are incurred. Borrowing costs directly related to property development are recognised With work in progress.
Rsd Property Holdings Limited
Notes to the Accounts
for the period from 24 September 2024 to 30 September 2025
The company has elected to apply the provisions of Sections 11 and 12 of FRS 102 in respect of financial instruments.
Basic financial instruments, including trade and other debtors, cash at bank and in hand, trade and other creditors and borrowings, are initially recognised at the transaction price unless the arrangement constitutes a financing transaction.
Debt instruments are subsequently measured at amortised cost using the effective interest method, where applicable.
Cash at bank and in hand comprises cash held at bank and cash in hand.
Taxation for the year comprises current and deferred tax.
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.
Work in progress
2,331,322
Work in progress comprises land and properties held for development and resale in the ordinary course of business.
5
Creditors: amounts falling due within one year
2025
Bank loans and overdrafts
1,522,125
Loans from directors
1,069,287
The loan is secured by a first standard security over the company's development property and a floating charge over the assets of the company.
6
Average number of employees
During the period the average number of employees was 0.