Company registration number SC055934 (Scotland)
DOUGLAS DICKSON (PROPERTY MANAGEMENT) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
DOUGLAS DICKSON (PROPERTY MANAGEMENT) LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2
Notes to the financial statements
3 - 5
DOUGLAS DICKSON (PROPERTY MANAGEMENT) LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr M J Livingstone
Mr E A Livingstone
Mr N A Livingstone
Secretary
Mr N A Livingstone
Company number
SC055934
Registered office
3 Fitzroy Place
Sauchiehall Street
Glasgow
Scotland
G3 7RH
Accountants
Consilium Chartered Accountants
169 West George Street
Glasgow
Scotland
G2 2LB
DOUGLAS DICKSON (PROPERTY MANAGEMENT) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
6
6
Current assets
Debtors
4
15,408
-
0
Cash at bank and in hand
42,767
52,568
58,175
52,568
Creditors: amounts falling due within one year
5
(35,137)
(29,820)
Net current assets
23,038
22,748
Net assets
23,044
22,754
Capital and reserves
Called up share capital
6
6,000
6,000
Profit and loss reserves
17,044
16,754
Total equity
23,044
22,754

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 28 March 2024 and are signed on its behalf by:
Mr N A Livingstone
Director
Company Registration No. SC055934
DOUGLAS DICKSON (PROPERTY MANAGEMENT) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Douglas Dickson (Property Management) Limited is a private company limited by shares incorporated in Scotland. The registered office is 3 Fitzroy Place, Sauchiehall Street, Glasgow, Scotland, G3 7RH. The company's registration number is SC055934.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

The turnover shown in the profit and loss account represents the value of all services delivered during the year, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations to the customer.

1.3
Fixed asset investments

Investments are stated at cost less provision for any diminution of value, if such reduction is deemed to be of a permanent nature.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

DOUGLAS DICKSON (PROPERTY MANAGEMENT) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Total
-
0
-
0
3
Fixed asset investments
2023
2022
£
£
Other investments other than loans
6
6
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
408
-
0
Other debtors
15,000
-
0
15,408
-
0
DOUGLAS DICKSON (PROPERTY MANAGEMENT) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,092
3,862
Taxation and social security
4,589
3,120
Other creditors
26,456
22,838
35,137
29,820
6
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
6,000 Ordinary voting shares of 50p
3,000
3,000
6,000 Ordinary non voting shares of 50p
3,000
3,000
6,000
6,000
7
Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

2023-12-312023-01-01false28 March 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr M J LivingstoneMr E A LivingstoneMr N LivingstoneMr N A LivingstonefalsefalseSC0559342023-01-012023-12-31SC055934bus:Director12023-01-012023-12-31SC055934bus:Director22023-01-012023-12-31SC055934bus:CompanySecretaryDirector12023-01-012023-12-31SC055934bus:CompanySecretary12023-01-012023-12-31SC055934bus:Director32023-01-012023-12-31SC055934bus:RegisteredOffice2023-01-012023-12-31SC0559342023-12-31SC0559342022-12-31SC055934core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-31SC055934core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-31SC055934core:CurrentFinancialInstruments2023-12-31SC055934core:CurrentFinancialInstruments2022-12-31SC055934core:ShareCapital2023-12-31SC055934core:ShareCapital2022-12-31SC055934core:RetainedEarningsAccumulatedLosses2023-12-31SC055934core:RetainedEarningsAccumulatedLosses2022-12-31SC055934core:ShareCapitalOrdinaryShares2023-12-31SC055934core:ShareCapitalOrdinaryShares2022-12-31SC0559342022-01-012022-12-31SC055934core:WithinOneYear2023-12-31SC055934core:WithinOneYear2022-12-31SC055934bus:PrivateLimitedCompanyLtd2023-01-012023-12-31SC055934bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC055934bus:FRS1022023-01-012023-12-31SC055934bus:AuditExemptWithAccountantsReport2023-01-012023-12-31SC055934bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP