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REGISTERED NUMBER: SC390644 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DCF INVESTMENTS LTD

DCF INVESTMENTS LTD (REGISTERED NUMBER: SC390644)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DCF INVESTMENTS LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: C Ferguson



REGISTERED OFFICE: 101 Moredun Park Road
Edinburgh
Lothian
EH17 7HJ



REGISTERED NUMBER: SC390644 (Scotland)



ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ



BANKERS: Bank of Scotland
P.O. Box No. 10
38 St. Andrew Square
Edinburgh
EH2 2YR



SOLICITORS: Russel & Aitken
27 Rutland Square
Edinburgh
EH1 2BU

DCF INVESTMENTS LTD (REGISTERED NUMBER: SC390644)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 960,000 940,000

CURRENT ASSETS
Cash at bank 54,034 40,111

CREDITORS
Amounts falling due within one year 5 17,373 15,373
NET CURRENT ASSETS 36,661 24,738
TOTAL ASSETS LESS CURRENT
LIABILITIES

996,661

964,738

CREDITORS
Amounts falling due after more than one year 6 (727,500 ) (744,110 )

PROVISIONS FOR LIABILITIES (26,172 ) (16,091 )
NET ASSETS 242,989 204,537

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 117,056 107,947
Retained earnings 125,833 96,490
SHAREHOLDERS' FUNDS 242,989 204,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 2 April 2024 and were signed by:





C Ferguson - Director


DCF INVESTMENTS LTD (REGISTERED NUMBER: SC390644)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Dcf Investments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the total of rent receivable by the company for rental of own property.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement. Fair value gains and losses net of deferred tax are transferred to the Fair Value Reserve.

Financial instruments
Bank and other loans are shown at amortised cost, with interest and up front charges in connection with the loans being allocated to accounting periods by applying the effective interest rate method.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

DCF INVESTMENTS LTD (REGISTERED NUMBER: SC390644)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 940,000
Revaluations 20,000
At 31 December 2023 960,000
NET BOOK VALUE
At 31 December 2023 960,000
At 31 December 2022 940,000

The investment property has been valued by the directors on an open market value.

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2016 18,969
Valuation in 2017 33,000
Valuation in 2019 17,326
Valuation in 2020 (44,760 )
Valuation in 2021 98,693
Valuation in 2023 20,000
Cost 816,772
960,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,146 7,369
Taxation and social security 7,474 5,501
Other creditors 2,753 2,503
17,373 15,373

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 20,062 26,984
Amounts owed to associates 392,733 401,830
Other creditors 314,705 315,296
727,500 744,110

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr - 3,046

DCF INVESTMENTS LTD (REGISTERED NUMBER: SC390644)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 27,208 34,353

Bank loans are secured by standard securities over the company's investment property.

8. RELATED PARTY DISCLOSURES

Included within Amounts owed to associates is a loan from a company which is under common control amounting to £392,733 (2022: £401,830). This loan is unsecured and has no agreed terms of repayment. Interest is charged at the rate of 2.5% per annum and amounted to £9,902 (2022: £11,368).

Included within Other creditors are loans from the director and another close family member totalling £314,706 (2021: £315,296). These loans are unsecured, have no agreed terms of repayment and are interest free.