Raised Land Limited - Accounts to registrar (filleted) - small 18.2

Raised Land Limited - Accounts to registrar (filleted) - small 18.2

RAISED LAND LIMITED - Company Information

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REGISTERED NUMBER: SC549256 (Scotland)















Unaudited Financial Statements for the Year Ended 31st October 2020

for

Raised Land Limited
McLaughlin Crolla LLP
2nd Floor
77 Hanover Street
Edinburgh
EH2 1EE








Raised Land Limited (Registered number: SC549256)






Contents of the Financial Statements
for the Year Ended 31st October 2020




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4


Raised Land Limited

Company Information
for the Year Ended 31st October 2020







DIRECTOR: Mr D J Gillies





REGISTERED OFFICE: 2nd Floor
77 Hanover Street
Edinburgh
EH2 1EE





REGISTERED NUMBER: SC549256 (Scotland)





ACCOUNTANTS: McLaughlin Crolla LLP
2nd Floor
77 Hanover Street
Edinburgh
EH2 1EE
Page 1
Raised Land Limited

Report of the Accountants to the Director of
Raised Land Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st October 2020 set out on pages four to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






McLaughlin Crolla LLP
2nd Floor
77 Hanover Street
Edinburgh
EH2 1EE


28th June 2021

This page does not form part of the statutory financial statements

Page 2
Raised Land Limited (Registered number: SC549256)

Balance Sheet
31st October 2020

31/10/20 31/10/19
Notes £    £   
CURRENT ASSETS
Stocks 18,000 18,000
Debtors 4 101 97
Cash at bank and in hand 92 17
18,193 18,114
CREDITORS
Amounts falling due within one year 5 26,219 24,202
NET CURRENT LIABILITIES (8,026 ) (6,088 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,026 ) (6,088 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (8,027 ) (6,089 )
SHAREHOLDERS' FUNDS (8,026 ) (6,088 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th June 2021 and were signed by:





Mr D J Gillies - Director


The notes form part of these financial statements

Page 3
Raised Land Limited (Registered number: SC549256)

Notes to the Financial Statements
for the Year Ended 31st October 2020

1. STATUTORY INFORMATION

Raised Land Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/20 31/10/19
£    £   
Prepayments 101 97

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/20 31/10/19
£    £   
Trade creditors - 360
Other creditors 25,379 23,002
Accrued expenses 840 840
26,219 24,202

6. RELATED PARTY DISCLOSURES

Included within other creditors is an amount owed to EIG Management Services Limited, a company in which Mr D J Gillies is also a director. The amount was loaned to the company to assist with the purchase of land which is included in stock, and also to cover overhead costs of the company. The loan is interest free and will be repaid on the eventual disposal of the land. At the year end, the amount outstanding to EIG Management Services Limited is £22,379 (2019:
£20,002).

Page 4