R & D Properties (Glasgow) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC193576

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		729,546		729,546

			729,546		729,546
CURRENT ASSETS
Debtors	5	2,996		1,300
Cash at bank and in hand		3,734		1,550

		6,730		2,850
Creditors: Amounts Falling Due Within One Year	6	(21,015 )		(15,585 )

NET CURRENT ASSETS (LIABILITIES)			(14,285 )		(12,735 )

TOTAL ASSETS LESS CURRENT LIABILITIES			715,261		716,811

Creditors: Amounts Falling Due After More Than One Year	7		(384,487 )		(393,412 )

NET ASSETS			330,774		323,399

CAPITAL AND RESERVES
Called up share capital	8		2		2
Revaluation reserve	9		100,000		100,000
Profit and Loss Account			230,772		223,397

SHAREHOLDERS' FUNDS			330,774		323,399

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R & D Properties (Glasgow) Limited

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Sharon Madan

Director

08/09/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

R & D Properties (Glasgow) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC193576 . The registered office is 604 Crow Road, Jordanhill Glasgow, Lanarkshire, G13 1NP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

The turnover shown in the profit and loss account represents rental income received during the year.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation charged
Plant & Machinery	20% on cost

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 March 2025	729,546	10,518	740,064

As at 28 February 2026	729,546	10,518	740,064

...CONTINUED

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R & D Properties (Glasgow) Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

Depreciation
As at 1 March 2025	-	10,518	10,518

As at 28 February 2026	-	10,518	10,518

Net Book Value
As at 28 February 2026	729,546	-	729,546

As at 1 March 2025	729,546	-	729,546

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	2,996	1,300

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Other creditors	19,545	15,573
Taxation and social security	1,470	12

	21,015	15,585

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Other creditors	384,487	393,412

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

9. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 March 2025	100,000	223,397
Profit for the year and total comprehensive income	-	7,375

As at 28 February 2026	100,000	230,772

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