RUSSELL ROAD EDINBURGH LIMITED

RUSSELL ROAD EDINBURGH LIMITED - Company Information

2021-11-012022-10-312022-10-31falseSC645380RUSSELL ROAD EDINBURGH 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Registered Number
SC645380
(Scotland)

Unaudited Financial Statements for the Year ended
31 October 2022

RUSSELL ROAD EDINBURGH LIMITED

Company Information
for the year from 1 November 2021 to 31 October 2022


Directors	KEANE, Robert
	KISACIKOGLU, Orpen
	LONG, Conal


Registered Address	19 Adelphi
	Aberdeen
	AB11 5BL


Registered Number	SC645380 (Scotland)

RUSSELL ROAD EDINBURGH LIMITED

Balance Sheet as at
31 October 2022

	Notes	2022		2021
		£	£	£	£
Called up share capital not paid			300		300
Fixed assets
Tangible assets	5		2,112,831		2,022,731
			2,112,831		2,022,731
Current assets
Debtors	6	14,275		104,376
Cash at bank and on hand		22,762		9,484
		37,037		113,860
Creditors amounts falling due within one year	7	(7,353)		(6,306)
Net current assets (liabilities)			29,984		107,854
Total assets less current liabilities			2,142,815		2,130,585
Creditors amounts falling due after one year	8		(2,112,189)		(2,112,176)
Net assets			30,626		18,409
Capital and reserves
Called up share capital			300		300
Profit and loss account			30,326		18,109
Shareholders' funds			30,626		18,409

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 26 July 2023, and are signed on its behalf by:

KEANE, Robert
Director
Registered Company No. SC645380

RUSSELL ROAD EDINBURGH LIMITED

Notes to the Financial Statements
for the year ended 31 October 2022

1.	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

4.	Employee information


		2022		2021
	Average number of employees during the year	0		0

5.	Property, plant and equipment

	Land & buildings	Total
	£	£
Cost or valuation
At 01 November 21	2,022,731	2,022,731
Additions	90,100	90,100
At 31 October 22	2,112,831	2,112,831
Net book value
At 31 October 22	2,112,831	2,112,831
At 31 October 21	2,022,731	2,022,731

6.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	-	1
Prepayments and accrued income	14,275	104,375
Total	14,275	104,376


	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.

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.

7.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	-	1,819
Taxation and social security	7,113	4,247
Accrued liabilities and deferred income	240	240
Total	7,353	6,306


	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.

8.	Creditors after one year

	2022	2021
	£	£
Other creditors	2,112,189	2,112,176
Total	2,112,189	2,112,176