1 May 2022 false No description of principal activity Taxfiler 2023.10 SC492935business:PrivateLimitedCompanyLtd2022-05-012023-04-30 SC4929352022-04-30 SC4929352022-05-012023-04-30 SC492935business:AuditExemptWithAccountantsReport2022-05-012023-04-30 SC492935business:FilletedAccounts2022-05-012023-04-30 SC4929352023-04-30 SC492935business:Director12022-05-012023-04-30 SC492935business:Director22022-05-012023-04-30 SC492935business:RegisteredOffice2022-05-012023-04-30 SC4929352022-04-30 SC492935core:WithinOneYear2023-04-30 SC492935core:WithinOneYear2022-04-30 SC492935core:AfterOneYear2023-04-30 SC492935core:AfterOneYear2022-04-30 SC492935core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 SC492935core:ShareCapitalcore:PreviouslyStatedAmount2022-04-30 SC492935core:RevaluationReservecore:PreviouslyStatedAmount2023-04-30 SC492935core:RevaluationReservecore:PreviouslyStatedAmount2022-04-30 SC492935core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 SC492935core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-04-30 SC492935core:PreviouslyStatedAmount2023-04-30 SC492935core:PreviouslyStatedAmount2022-04-30 SC492935business:SmallEntities2022-05-012023-04-30 SC492935countries:Scotland2022-05-012023-04-30 SC492935core:LandBuildings2022-05-012023-04-30 SC492935core:LandBuildings2022-04-30 SC492935core:LandBuildings2023-04-30 SC4929352021-05-012022-04-30 iso4217:GBP xbrli:pure
Company Registration No. SC492935 (Scotland)
DISCOVERY ESTATES NO 1 LTD Unaudited accounts for the year ended 30 April 2023
DISCOVERY ESTATES NO 1 LTD Unaudited accounts Contents
Page
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DISCOVERY ESTATES NO 1 LTD Company Information for the year ended 30 April 2023
Directors
GRAEME CARLING LEANNE CARLING
Company Number
SC492935 (Scotland)
Registered Office
165 BROOK STREET BROUGHTY FERRY DUNDEE TAYSIDE DD5 1DJ
Accountants
TMA Accountants & Taxation Advisors 165 Brook Street Broughty Ferry Dundee DD5 1DJ
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DISCOVERY ESTATES NO 1 LTD Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,254,476 
4,254,476 
Current assets
Debtors
5,317 
5,316 
Cash at bank and in hand
65,167 
161,606 
70,484 
166,922 
Creditors: amounts falling due within one year
(407,454)
(374,408)
Net current liabilities
(336,970)
(207,486)
Total assets less current liabilities
3,917,506 
4,046,990 
Creditors: amounts falling due after more than one year
(3,360,332)
(3,365,024)
Net assets
557,174 
681,966 
Capital and reserves
Called up share capital
940 
940 
Revaluation reserve
989,728 
989,728 
Profit and loss account
(433,494)
(308,702)
Shareholders' funds
557,174 
681,966 
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2023 and were signed on its behalf by
GRAEME CARLING Director Company Registration No. SC492935
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DISCOVERY ESTATES NO 1 LTD Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
DISCOVERY ESTATES NO 1 LTD is a private company, limited by shares, registered in Scotland, registration number SC492935. The registered office is 165 BROOK STREET, BROUGHTY FERRY, DUNDEE, TAYSIDE, DD5 1DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
no depreciation on property
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 May 2022
4,254,476 
At 30 April 2023
4,254,476 
Depreciation
At 30 April 2023
- 
Net book value
At 30 April 2023
4,254,476 
At 30 April 2022
4,254,476 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,379 
4,378 
Other debtors
938 
938 
5,317 
5,316 
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DISCOVERY ESTATES NO 1 LTD Notes to the Accounts for the year ended 30 April 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
407,454 
374,408 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,360,332 
3,365,024 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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