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REGISTERED NUMBER: SC650947 (Scotland)










Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Ddyy Ltd

Ddyy Ltd (Registered number: SC650947)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Ddyy Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Ms L Ge
Z Zhao





REGISTERED OFFICE: 217 Hope Street
Glasgow
G2 2UW





REGISTERED NUMBER: SC650947 (Scotland)





ACCOUNTANTS: T B Dunn & Co
Ground Floor (part)
8000 Academy Business Park
51 Gower Street
GLASGOW
G51 1PR

Ddyy Ltd (Registered number: SC650947)

Abridged Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,088 1,521
Investment property 6 1,065,783 834,422
1,068,871 835,943

CURRENT ASSETS
Debtors 67 52
Cash at bank 80,944 6,437
81,011 6,489
CREDITORS
Amounts falling due within one year 465,317 307,871
NET CURRENT LIABILITIES (384,306 ) (301,382 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

684,565

534,561

CREDITORS
Amounts falling due after more than one
year

7

(674,896

)

(531,186

)

PROVISIONS FOR LIABILITIES (1,839 ) (643 )
NET ASSETS 7,830 2,732

CAPITAL AND RESERVES
Called up share capital 2 2
Other reserves 13,085 13,085
Retained earnings (5,257 ) (10,355 )
SHAREHOLDERS' FUNDS 7,830 2,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Ddyy Ltd (Registered number: SC650947)

Abridged Balance Sheet - continued
31 January 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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





Ms L Ge - Director


Ddyy Ltd (Registered number: SC650947)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Ddyy Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
Estimates and judgements are continually evaluated and although these estimates are based on management's best knowledge of the moment,events or actions,actual results ultimately may differ from these estimates.

Turnover
Turnover represents rental income in the period.

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 - 20% on cost

Investment property
Investment property are properties which the company is receiving rental income and the directors believe will not be sold in the foreseeable future.

Investment property is stated at fair value. Changes in fair value are taken to other reserves.

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

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash and deposits with financial institutions repayable without penalty on notice of not more than twenty four hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Ddyy Ltd (Registered number: SC650947)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 1,770
Additions 2,066
At 31 January 2023 3,836
DEPRECIATION
At 1 February 2022 249
Charge for year 499
At 31 January 2023 748
NET BOOK VALUE
At 31 January 2023 3,088
At 31 January 2022 1,521

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 834,422
Additions 231,361
At 31 January 2023 1,065,783
NET BOOK VALUE
At 31 January 2023 1,065,783
At 31 January 2022 834,422

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2021 6,000
Valuation in 2022 7,085
Cost 1,052,698
1,065,783

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 674,896 531,186

Ddyy Ltd (Registered number: SC650947)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 674,896 531,186

Bank loans are secured by standard security over the investment properties. The company's bank loans are secured by a personal guarantee from the directors.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ddyy Ltd

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 Abridged 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 Ddyy Ltd for the year ended 31 January 2023 which comprise the Abridged Statement of Income and Retained Earnings, Abridged 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Ddyy Ltd, 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 Ddyy Ltd and state those matters that we have agreed to state to the Board of Directors of Ddyy Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 Ddyy Ltd 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 Ddyy Ltd. You consider that Ddyy Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ddyy Ltd. 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.






T B Dunn & Co
Ground Floor (part)
8000 Academy Business Park
51 Gower Street
GLASGOW
G51 1PR


18 October 2023