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REGISTERED NUMBER: SC052043 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

D.& R. Murray(Hawick)limited

D.& R. Murray(Hawick)limited (Registered number: SC052043)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


D.& R. Murray(Hawick)limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: R A G Murray
Mrs S M Hay
Miss J M Murray



REGISTERED OFFICE: 17 Commercial Road
Hawick
Roxburghshire
TD9 7AQ



REGISTERED NUMBER: SC052043 (Scotland)



ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW



BANKERS: Bank of Scotland
7 High Street
Hawick
TD9

D.& R. Murray(Hawick)limited (Registered number: SC052043)

Statement of Financial Position
28 February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,475 761
Investments 5 2 2
Investment property 6 7,030,470 7,090,470
7,031,947 7,091,233

CURRENT ASSETS
Debtors 7 86,847 81,868
Cash at bank and in hand 598,508 421,765
685,355 503,633
CREDITORS
Amounts falling due within one year 8 324,868 380,277
NET CURRENT ASSETS 360,487 123,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,392,434

7,214,589

PROVISIONS FOR LIABILITIES 181,703 178,500
NET ASSETS 7,210,731 7,036,089

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Revaluation reserve 9 2,999,811 2,999,811
Other reserves 50,000 50,000
Retained earnings 4,110,920 3,936,278
SHAREHOLDERS' FUNDS 7,210,731 7,036,089

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 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.

D.& R. Murray(Hawick)limited (Registered number: SC052043)

Statement of Financial Position - 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.

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 and authorised for issue on 10 November 2023 and were signed on its behalf by:





R A G Murray - Director


D.& R. Murray(Hawick)limited (Registered number: SC052043)

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

1. STATUTORY INFORMATION

D.& R. Murray(Hawick)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
Revenue 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.
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

D.& R. Murray(Hawick)limited (Registered number: SC052043)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 446,194 1,691 447,885
Additions - 1,573 1,573
At 28 February 2023 446,194 3,264 449,458
DEPRECIATION
At 1 March 2022 446,194 930 447,124
Charge for year - 859 859
At 28 February 2023 446,194 1,789 447,983
NET BOOK VALUE
At 28 February 2023 - 1,475 1,475
At 28 February 2022 - 761 761

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 2
NET BOOK VALUE
At 28 February 2023 2
At 28 February 2022 2

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 7,090,470
Disposals (60,000 )
At 28 February 2023 7,030,470
NET BOOK VALUE
At 28 February 2023 7,030,470
At 28 February 2022 7,090,470

D.& R. Murray(Hawick)limited (Registered number: SC052043)

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

6. INVESTMENT PROPERTY - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2010 2,672,744
Valuation in 2021 (386,328 )
Cost 4,744,054
7,030,470

Investment Properties were revalued on 16th March 2021 by Mr R Murray, a director of D & R Murray (Hawick) Limited, on the basis of open market value for existing use.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Other debtors 61,452 59,793
Loan to Trust 2,809 2,809
Prepayments 22,586 19,266
86,847 81,868

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade creditors 23,419 3,509
Amounts owed to group undertakings 2 2
Tax 42,035 24,482
Social security and other taxes 1,686 1,102
Other creditors 6,743 6,743
Directors' current accounts 235,178 328,808
Deferred income 11,817 11,817
Accrued expenses 3,988 3,814
324,868 380,277

The director has undertaken not to withdraw the balance on their current account except to the extent allowed by company profitability and resultant cashflow.

9. RESERVES
Revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 2,999,811

10. RELATED PARTY DISCLOSURES

At the year end, D&R Murray (Hawick) Ltd were due £6,122 (2022: £4,462) from Bayhill Farming Ltd and £55,331 (2022: £55,321) from Goodfellows Properties Ltd. They were also due £6,743 (2022: £6,743) to Melrose Court Properties Ltd.