Silverfin false 31/03/2023 01/04/2022 31/03/2023 A J E Dewar 01/03/2012 D Dewar 01/03/2012 24 October 2023 The principal activity of the Company continues to be that of management consultancy services. SC418336 2023-03-31 SC418336 bus:Director1 2023-03-31 SC418336 bus:Director2 2023-03-31 SC418336 2022-03-31 SC418336 core:CurrentFinancialInstruments 2023-03-31 SC418336 core:CurrentFinancialInstruments 2022-03-31 SC418336 core:ShareCapital 2023-03-31 SC418336 core:ShareCapital 2022-03-31 SC418336 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC418336 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC418336 core:PlantMachinery 2022-03-31 SC418336 core:Vehicles 2022-03-31 SC418336 core:ComputerEquipment 2022-03-31 SC418336 core:PlantMachinery 2023-03-31 SC418336 core:Vehicles 2023-03-31 SC418336 core:ComputerEquipment 2023-03-31 SC418336 bus:OrdinaryShareClass1 2023-03-31 SC418336 bus:OrdinaryShareClass2 2023-03-31 SC418336 bus:OrdinaryShareClass3 2023-03-31 SC418336 bus:OrdinaryShareClass4 2023-03-31 SC418336 2022-04-01 2023-03-31 SC418336 bus:FullAccounts 2022-04-01 2023-03-31 SC418336 bus:SmallEntities 2022-04-01 2023-03-31 SC418336 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC418336 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC418336 bus:Director1 2022-04-01 2023-03-31 SC418336 bus:Director2 2022-04-01 2023-03-31 SC418336 core:PlantMachinery 2022-04-01 2023-03-31 SC418336 core:Vehicles core:TopRangeValue 2022-04-01 2023-03-31 SC418336 core:ComputerEquipment core:TopRangeValue 2022-04-01 2023-03-31 SC418336 2021-04-01 2022-03-31 SC418336 core:Vehicles 2022-04-01 2023-03-31 SC418336 core:ComputerEquipment 2022-04-01 2023-03-31 SC418336 core:CurrentFinancialInstruments 2022-04-01 2023-03-31 SC418336 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC418336 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 SC418336 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 SC418336 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 SC418336 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 SC418336 bus:OrdinaryShareClass3 2021-04-01 2022-03-31 SC418336 bus:OrdinaryShareClass4 2022-04-01 2023-03-31 SC418336 bus:OrdinaryShareClass4 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC418336 (Scotland)

DUPPLIN ESTATE SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH THE REGISTRAR

DUPPLIN ESTATE SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

Contents

DUPPLIN ESTATE SERVICES LIMITED

BALANCE SHEET

AS AT 31 MARCH 2023
DUPPLIN ESTATE SERVICES LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 41,874 67,990
41,874 67,990
Current assets
Debtors 4 85,079 94,457
Cash at bank and in hand 25,320 64,654
110,399 159,111
Creditors: amounts falling due within one year 5 ( 72,346) ( 129,275)
Net current assets 38,053 29,836
Total assets less current liabilities 79,927 97,826
Provision for liabilities 6 ( 10,469) ( 16,998)
Net assets 69,458 80,828
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 69,358 80,728
Total shareholders' funds 69,458 80,828

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Dupplin Estate Services Limited (registered number: SC418336) were approved and authorised for issue by the Director on 24 October 2023. They were signed on its behalf by:

A J E Dewar
Director
DUPPLIN ESTATE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
DUPPLIN ESTATE SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dupplin Estate Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Dupplin Estate Office, Dupplin, Near Perth, PH2 0PY, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover is recognised on the accrual basis.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 5 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 01 April 2022 61,500 99,600 5,454 166,554
At 31 March 2023 61,500 99,600 5,454 166,554
Accumulated depreciation
At 01 April 2022 22,616 71,098 4,850 98,564
Charge for the financial year 5,833 19,920 363 26,116
At 31 March 2023 28,449 91,018 5,213 124,680
Net book value
At 31 March 2023 33,051 8,582 241 41,874
At 31 March 2022 38,884 28,502 604 67,990

4. Debtors

2023 2022
£ £
Trade debtors 0 12,000
Other debtors 85,079 82,457
85,079 94,457

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 259 0
Taxation and social security 19,868 31,816
Obligations under finance leases and hire purchase contracts 0 45,440
Other creditors 52,219 52,019
72,346 129,275

Net obligations under finance leases and hire purchase contracts are secured over the assets which the agreement relates to.

6. Provision for liabilities

2023 2022
£ £
Deferred tax 10,469 16,998

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
64 A ordinary shares of £ 1.00 each 64 64
12 B ordinary shares of £ 1.00 each 12 12
12 C ordinary shares of £ 1.00 each 12 12
12 D ordinary shares of £ 1.00 each 12 12
100 100

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Key management personnel 50,000 50,000

These balances are interest free and have no fixed terms of repayment. No security has been provided on any balances.