Registration number: SC451051

Rinneroon Properties Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Rinneroon Properties Limited

(Registration number: SC451051)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	184,287	196,183
Current assets
Debtors	5	2,356	2,356
Cash at bank and in hand		45,537	26,087
		47,893	28,443
Creditors: Amounts falling due within one year	6	(596,498)	(595,526)
Net current liabilities		(548,605)	(567,083)
Total assets less current liabilities		(364,318)	(370,900)
Provisions for liabilities		(739)	(985)
Net liabilities		(365,057)	(371,885)
Capital and reserves
Called up share capital	7	100	100
Retained earnings		(365,157)	(371,985)
Shareholders' deficit		(365,057)	(371,885)

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 October 2026 and signed on its behalf by:
 

......................................... P Dolan Company secretary and director

Rinneroon Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Unit 26, Dunfermline Business Centre
Izatt Avenue
Dunfermline
Fife
KY11 3BZ

These financial statements were authorised for issue by the Board on 28 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover is recognised on a straight line basis over the term of the lease. Turnover is shown net of VAT.

Tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing differences arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Rinneroon Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and Buildings	5% Straight Line
Fixtures and Fittings	25% Reducing Balance
Office Equipment	25% Straight Line

Investment property

Investment property, which is property held to earn rentals and/or capital appreciations, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Financial instruments

Classification
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.

 Recognition and measurement
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 Impairment
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Rinneroon Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 February 2025	212,197	34,800	12,826	259,823
At 31 January 2026	212,197	34,800	12,826	259,823
Depreciation
At 1 February 2025	21,200	29,614	12,826	63,640
Charge for the year	10,600	1,296	-	11,896
At 31 January 2026	31,800	30,910	12,826	75,536
Carrying amount
At 31 January 2026	180,397	3,890	-	184,287
At 31 January 2025	190,997	5,186	-	196,183

Included within the net book value of land and buildings above is £180,397 (2025 - £190,997) in respect of freehold land and buildings.
 

5

Debtors

Current	2026 £	2025 £
Trade debtors	2,326	2,326
Other debtors	30	30
	2,356	2,356

Rinneroon Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Trade creditors	120	264
Taxation and social security	4,335	3,339
Accruals and deferred income	2,221	2,101
Other creditors	589,822	589,822
	596,498	595,526

7	Share capital

Allotted and called up shares

	2026		2025
	No.	£	No.	£
Ordinary Shares of £1 each	70	70	70	70
B Ordinary Shares of £1 each	30	30	30	30
	100	100	100	100

70 Ordinary Shares of £1 are fully paid. 30 B Ordinary Shares have not been fully paid.