Company Registration No. SC462380 (Scotland)
DISCOVERY ESTATES LTD
Unaudited accounts
for the year ended 31 October 2023
DISCOVERY ESTATES LTD
Unaudited accounts
Contents
DISCOVERY ESTATES LTD
Company Information
for the year ended 31 October 2023
Directors
GRAEME CARLING
LEANNE CARLING
Company Number
SC462380 (Scotland)
Registered Office
165 BROOK STREET
BROUGHTY FERRY
DUNDEE
DD5 1DJ
SCOTLAND
Accountants
TMA Accountants & Taxation Advisors
165 Brook Street
Broughty Ferry
Dundee
DD5 1DJ
DISCOVERY ESTATES LTD
Statement of financial position
as at 31 October 2023
Called up share capital not paid
702
702
Tangible assets
3,009,267
3,009,267
Cash at bank and in hand
181,870
76,776
Creditors: amounts falling due within one year
(332,897)
(479,730)
Net current assets
329,597
265,868
Total assets less current liabilities
3,339,566
3,275,837
Creditors: amounts falling due after more than one year
(1,430,288)
(1,430,226)
Net assets
1,909,278
1,845,611
Called up share capital
702
702
Revaluation reserve
1,848,842
1,848,842
Profit and loss account
59,734
(3,933)
Shareholders' funds
1,909,278
1,845,611
For the year ending 31 October 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 31 July 2024 and were signed on its behalf by
GRAEME CARLING
Director
Company Registration No. SC462380
DISCOVERY ESTATES LTD
Notes to the Accounts
for the year ended 31 October 2023
DISCOVERY ESTATES LTD is a private company, limited by shares, registered in Scotland, registration number SC462380. The registered office is 165 BROOK STREET, BROUGHTY FERRY, DUNDEE, DD5 1DJ, SCOTLAND.
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:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2022
3,000,000
9,267
3,009,267
At 31 October 2023
3,000,000
9,267
3,009,267
At 31 October 2023
3,000,000
9,267
3,009,267
At 31 October 2022
3,000,000
9,267
3,009,267
Amounts falling due within one year
Other debtors
480,624
668,822
DISCOVERY ESTATES LTD
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
40,000
40,000
Taxes and social security
47,001
30,544
Other creditors
212,182
259,186
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,430,288
1,430,226
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).