1 August 2023 false No description of principal activity Taxfiler 2024.5 SC703466business:PrivateLimitedCompanyLtd2023-08-012024-07-31 SC7034662023-07-31 SC7034662023-08-012024-07-31 SC703466business:AuditExempt-NoAccountantsReport2023-08-012024-07-31 SC703466business:FilletedAccounts2023-08-012024-07-31 SC7034662024-07-31 SC703466business:Director12023-08-012024-07-31 SC703466business:Director22023-08-012024-07-31 SC703466business:RegisteredOffice2023-08-012024-07-31 SC7034662023-07-31 SC703466core:WithinOneYear2024-07-31 SC703466core:WithinOneYear2023-07-31 SC703466core:AfterOneYear2024-07-31 SC703466core:AfterOneYear2023-07-31 SC703466core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 SC703466core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 SC703466core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 SC703466core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 SC703466core:PreviouslyStatedAmount2024-07-31 SC703466core:PreviouslyStatedAmount2023-07-31 SC703466business:SmallEntities2023-08-012024-07-31 SC703466countries:Scotland2023-08-012024-07-31 SC7034662022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. SC703466 (Scotland)
Diamond Apartments Limited Unaudited accounts for the year ended 31 July 2024
Diamond Apartments Limited Unaudited accounts Contents
Page
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Diamond Apartments Limited Company Information for the year ended 31 July 2024
Directors
Mrs Ade Olawuyi Mr O Olawuyi
Company Number
SC703466 (Scotland)
Registered Office
8 Forest View Aberdeen AB15 9FQ
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Diamond Apartments Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
398,366 
398,366 
Current assets
Debtors
2,200 
1,850 
Cash at bank and in hand
2,013 
8,768 
4,213 
10,618 
Creditors: amounts falling due within one year
(135,088)
(134,889)
Net current liabilities
(130,875)
(124,271)
Total assets less current liabilities
267,491 
274,095 
Creditors: amounts falling due after more than one year
(274,986)
(274,986)
Net liabilities
(7,495)
(891)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(7,497)
(893)
Shareholders' funds
(7,495)
(891)
For the year ending 31 July 2024 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 2024 and were signed on its behalf by
Mrs Ade Olawuyi Director Company Registration No. SC703466
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Diamond Apartments Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Diamond Apartments Limited is a private company, limited by shares, registered in Scotland, registration number SC703466. The registered office is 8 Forest View, Aberdeen, AB15 9FQ.
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 August 2023
398,366 
At 31 July 2024
398,366 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,200 
675 
Amounts falling due after more than one year
Other debtors
- 
1,175 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
- 
309 
Loans from directors
134,738 
134,230 
Accruals
350 
350 
135,088 
134,889 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
274,986 
274,986 
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Diamond Apartments Limited Notes to the Accounts for the year ended 31 July 2024
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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