COMPANY REGISTRATION NUMBER:
SC840189
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R&C Homes Reddingmuirhead Limited |
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Filleted Financial Statements |
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R&C Homes Reddingmuirhead Limited |
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Statement of Financial Position (continued) |
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31 December 2025
Capital and reserves
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Called up share capital |
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1 |
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Profit and loss account |
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(
171,102) |
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--------- |
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Shareholder deficit |
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(
171,101) |
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--------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
9 September 2026
, and are signed on behalf of the board by:
Company registration number:
SC840189
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R&C Homes Reddingmuirhead Limited |
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Notes to the Financial Statements |
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Period from 5 March 2025 to 31 December 2025
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 8 Dilwara Avenue, Glasgow, G14 0QS, Scotland.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the company's ability to continue. The directors have taken steps to ensure there are sufficient funds to meet the company's working capital requirement for the foreseeable future and therefore consider the going concern basis to be appropriate.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Russell Holdings (Scotland) Ltd which can be obtained from its registered office. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
There were no staff employed by the company in the period.
5.
Debtors
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31 Dec 25 |
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£ |
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Other debtors |
11,267 |
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6.
Creditors:
amounts falling due within one year
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31 Dec 25 |
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£ |
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Bank loans and overdrafts |
3,019,333 |
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Trade creditors |
229,090 |
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Other creditors |
70,243 |
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3,318,666 |
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7.
Creditors:
amounts falling due after more than one year
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31 Dec 25 |
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£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
1,888,490 |
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8.
Charges on assets
Bank loans totalling to £3,019,333 at the year end are secured by standard security over land held by the company and a floating charge over the assets of the company.
9.
Summary audit opinion
The auditor's report dated
9 September 2026
was
unqualified
.
The senior statutory auditor was
Louise Watson
, for and on behalf of
I.A. Stewart & Co Limited
.