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
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
DISCOVERY ESTATES NO 1 LTD
Statement of financial position
as at 30 April 2023
Tangible assets
4,254,476
4,254,476
Cash at bank and in hand
65,167
161,606
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
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
DISCOVERY ESTATES NO 1 LTD
Notes to the Accounts
for the year ended 30 April 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 30 April 2023
4,254,476
At 30 April 2023
4,254,476
At 30 April 2022
4,254,476
Amounts falling due within one year
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).