IRIS Accounts Production v23.2.0.158 SC689439 director 1.3.22 28.2.23 28.2.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6894392022-02-28SC6894392023-02-28SC6894392022-03-012023-02-28SC6894392021-02-16SC6894392021-02-172022-02-28SC6894392022-02-28SC689439ns10:Originalns15:Scotland2022-03-012023-02-28SC689439ns14:PoundSterlingns10:Original2022-03-012023-02-28SC689439ns10:Originalns10:Director12022-03-012023-02-28SC689439ns10:Original2022-03-012023-02-28SC689439ns10:Original2023-02-28SC689439ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-28SC689439ns10:Originalns10:SmallEntities2022-03-012023-02-28SC689439ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-28SC689439ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-28SC689439ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-28SC689439ns10:Originalns10:AbridgedAccounts2022-03-012023-02-28SC689439ns10:Originalns10:RegisteredOffice2022-03-012023-02-28SC689439ns10:Original2022-02-28SC689439ns10:Originalns5:CurrentFinancialInstruments2023-02-28SC689439ns10:Originalns5:CurrentFinancialInstruments2022-02-28SC689439ns10:Originalns5:Non-currentFinancialInstruments2023-02-28SC689439ns10:Originalns5:Non-currentFinancialInstruments2022-02-28SC689439ns5:ShareCapitalns10:Original2023-02-28SC689439ns5:ShareCapitalns10:Original2022-02-28SC689439ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-28SC689439ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-28SC689439ns10:Originalns5:FurnitureFittings2022-03-012023-02-28SC689439ns10:Original2021-02-172022-02-28SC689439ns10:Original2022-02-28
REGISTERED NUMBER: SC689439 (Scotland)















Abridged Unaudited Financial Statements for the Year Ended 28 February 2023

for

Dunain Holdings Limited

Dunain Holdings Limited (Registered number: SC689439)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Dunain Holdings Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Ms H C Martin





REGISTERED OFFICE: 6 Foresters Way
Inverness
Inverness-shire
IV3 8LP





REGISTERED NUMBER: SC689439 (Scotland)





ACCOUNTANTS: Stewart & Stewart Ltd
Chartered Accountants
Achorn House
34 Millbank Road
Munlochy
Ross-Shire
IV8 8ND

Dunain Holdings Limited (Registered number: SC689439)

Abridged Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,549 1,721
Investment property 5 315,625 315,625
317,174 317,346

CURRENT ASSETS
Debtors 2,006 1,935
Cash at bank 18,048 9,952
20,054 11,887
CREDITORS
Amounts falling due within one year 4,737 4,101
NET CURRENT ASSETS 15,317 7,786
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,491

325,132

CREDITORS
Amounts falling due after more than one
year

320,156

318,823
NET ASSETS 12,335 6,309

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 12,334 6,308
12,335 6,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Dunain Holdings Limited (Registered number: SC689439)

Abridged Balance Sheet - continued
28 February 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 October 2023 and were signed by:





Ms H C Martin - Director


Dunain Holdings Limited (Registered number: SC689439)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Dunain Holdings 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Rental income from operating leases (net of any incentives given to the leasees) is recognised on a straight-line basis over the lease term.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are those properties that are held either to earn rental income or for capital appreciation or both. Investment properties are measured initially at cost including transaction costs and thereafter are stated at fair value, which reflects market conditions at the balance sheet date. Gains and losses arising from changes in the fair value of investment properties are recognised in the income statement in the year in which they arise.

Investment properties are stated at fair value as determined by the Director. In determining the fair value of each investment property, the Director makes use of historical and current market data as well as existing lease agreements.

Dunain Holdings Limited (Registered number: SC689439)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non convertible preference shares and non puttable ordinary or preference shares are publicly traded or their fair value can otherwise be measured reliably , the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss immediately.

All equity investments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit and loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation
Taxation for the year 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 year 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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Dunain Holdings Limited (Registered number: SC689439)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 1,912
DEPRECIATION
At 1 March 2022 191
Charge for year 172
At 28 February 2023 363
NET BOOK VALUE
At 28 February 2023 1,549
At 28 February 2022 1,721

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 315,625
NET BOOK VALUE
At 28 February 2023 315,625
At 28 February 2022 315,625

The investment properties were valued on a fair value basis on 28 February 2022 by the director of the company.