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REGISTERED NUMBER: SC298514 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 April 2023

for

David W Fyfe Limited

David W Fyfe Limited (Registered number: SC298514)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


David W Fyfe Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: D W Fyfe
Mrs A N Fyfe
Mrs A J L Martin
Ms C Mellor





SECRETARY: D W Fyfe





REGISTERED OFFICE: 7 Seafield Crescent
Aberdeen
AB15 7XD





REGISTERED NUMBER: SC298514 (Scotland)





ACCOUNTANTS: Nolan James Ltd
Chartered Accountants
Suite 1 Armcon Business Park
London Road South
Poynton
Stockport
Cheshire
SK12 1LQ

David W Fyfe Limited (Registered number: SC298514)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,434 1,558
Investments 5 49,420 46,849
Investment property 6 315,000 313,000
365,854 361,407

CURRENT ASSETS
Debtors 7 7,633 342
Cash at bank 60,910 75,981
68,543 76,323
CREDITORS
Amounts falling due within one year 8 24,305 27,173
NET CURRENT ASSETS 44,238 49,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,092

410,557

CREDITORS
Amounts falling due after more than one
year

9

123,129

127,335
NET ASSETS 286,963 283,222

CAPITAL AND RESERVES
Called up share capital 113 113
Revaluation reserves 11 100,724 98,255
Retained earnings 186,126 184,854
286,963 283,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

David W Fyfe Limited (Registered number: SC298514)

Balance Sheet - continued
30 April 2023


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 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 3 November 2023 and were signed on its behalf by:





D W Fyfe - Director


David W Fyfe Limited (Registered number: SC298514)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

David W Fyfe 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 as modified by the revaluation of certain assets.

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 - 33% on cost and 15% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

David W Fyfe Limited (Registered number: SC298514)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 6,199
Additions 499
At 30 April 2023 6,698
DEPRECIATION
At 1 May 2022 4,641
Charge for year 623
At 30 April 2023 5,264
NET BOOK VALUE
At 30 April 2023 1,434
At 30 April 2022 1,558

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2022 46,849
Additions 2,102
Revaluations 469
At 30 April 2023 49,420
NET BOOK VALUE
At 30 April 2023 49,420
At 30 April 2022 46,849

Cost or valuation at 30 April 2023 is represented by:

Other
investments
£   
Valuation in 2017 21,064
Valuation in 2018 4,900
Valuation in 2019 851
Valuation in 2020 (4,275 )
Valuation in 2021 10,205
Valuation in 2022 967
Valuation in 2023 469
Cost 15,239
49,420

David W Fyfe Limited (Registered number: SC298514)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 313,000
Revaluations 2,000
At 30 April 2023 315,000
NET BOOK VALUE
At 30 April 2023 315,000
At 30 April 2022 313,000

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2019 41,543
Valuation in 2020 10,000
Valuation in 2021 19,000
Valuation in 2022 (6,000 )
Valuation in 2023 2,000
Cost 248,457
315,000

The investment property was valued on an open market basis on 30 April 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 7,000 -
Other debtors 633 342
7,633 342

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Taxation and social security 1,139 1,925
Other creditors 23,166 25,248
24,305 27,173

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Other creditors 123,129 127,335

David W Fyfe Limited (Registered number: SC298514)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Other loans 127,929 132,135

The Other Loans are secured on the investment properties.

11. RESERVES
Revaluation
reserves
£   
At 1 May 2022 98,255
Revaluation unrealised 2,469

At 30 April 2023 100,724