Renewable Developments Scotland Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: SC271128 (Scotland)

Unaudited Financial Statements

for the Period

1 August 2016 to 31 January 2018

for

RENEWABLE DEVELOPMENTS SCOTLAND LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

S C Pottinger

T B Pottinger

D Hendry

REGISTERED OFFICE:

Westburn House

Dunning

Perth

PH2 0QY

REGISTERED NUMBER:

SC271128 (Scotland)

ACCOUNTANTS:

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Tangible assets

3

-

-

Investments

4

50

50

50

50

CURRENT ASSETS

Debtors

5

-

100,080

Cash at bank and in hand

182,909

12,114

182,909

112,194

CREDITORS

Amounts falling due within one year

6

(52,863

)

(42,253

)

NET CURRENT ASSETS

130,046

69,941

TOTAL ASSETS LESS CURRENT LIABILITIES

130,096

69,991

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

130,086

69,981

SHAREHOLDERS' FUNDS

130,096

69,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 26 April 2018 and were signed on its behalf by:

S C Pottinger - Director

1.	STATUTORY INFORMATION

Renewable Developments Scotland 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured using

tax rates and laws that have been enacted or substantively enacted by the period end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2016

and 31 January 2018

1,287

DEPRECIATION

At 1 August 2016

and 31 January 2018

1,287

NET BOOK VALUE

At 31 January 2018

-

4.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 August 2016

and 31 January 2018

50

NET BOOK VALUE

At 31 January 2018

50

At 31 July 2016

50

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2016

£

£

Amounts owed by participating interests

-

100,000

Other debtors

-

80

-

100,080

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2016

£

£

Taxation and social security

12,263

-

Other creditors

40,600

42,253

52,863

42,253

7.	RELATED PARTY DISCLOSURES

Included in other creditors is £40,100 (2016-£40,100) due to the company's directors.

At 31 July 2016 the company was due £100,000 from RDS Element Power Limited, a company 50%

controlled by Renewable Developments Scotland Limited.

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Renewable Developments Scotland Limited for the period ended 31 January 2018 which

comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Renewable Developments Scotland Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Renewable Developments Scotland Limited and state those matters that we have agreed to state to the Board of Directors of Renewable Developments Scotland Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Renewable Developments Scotland Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Renewable Developments Scotland Limited. You consider that Renewable Developments Scotland Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Renewable Developments Scotland Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

26 April 2018