IRIS Accounts Production v24.1.4.33 SC750462 director 15.11.22 30.11.23 30.11.23 false true false false true false Fair value model Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7504622022-11-14SC7504622023-11-30SC7504622022-11-152023-11-30SC7504622022-11-14SC750462ns15:Scotland2022-11-152023-11-30SC750462ns14:PoundSterling2022-11-152023-11-30SC750462ns10:Director12022-11-152023-11-30SC750462ns10:PrivateLimitedCompanyLtd2022-11-152023-11-30SC750462ns10:SmallEntities2022-11-152023-11-30SC750462ns10:AuditExemptWithAccountantsReport2022-11-152023-11-30SC750462ns10:SmallCompaniesRegimeForDirectorsReport2022-11-152023-11-30SC750462ns10:SmallCompaniesRegimeForAccounts2022-11-152023-11-30SC750462ns10:FullAccounts2022-11-152023-11-30SC750462ns10:OrdinaryShareClass12022-11-152023-11-30SC750462ns10:RegisteredOffice2022-11-152023-11-30SC750462ns5:CurrentFinancialInstruments2023-11-30SC750462ns5:Non-currentFinancialInstruments2023-11-30SC750462ns5:ShareCapital2023-11-30SC750462ns5:RetainedEarningsAccumulatedLosses2023-11-30SC750462ns5:FurnitureFittings2022-11-152023-11-30SC750462ns5:FurnitureFittings2023-11-30SC750462ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-11-30SC750462ns5:Secured2023-11-30SC750462ns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: SC750462 (Scotland)









DY ASSET MANAGEMENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

15TH NOVEMBER 2022 TO 30TH NOVEMBER 2023






DY ASSET MANAGEMENT LTD (REGISTERED NUMBER: SC750462)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 15TH NOVEMBER 2022 TO 30TH NOVEMBER 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


DY ASSET MANAGEMENT LTD

COMPANY INFORMATION
FOR THE PERIOD 15TH NOVEMBER 2022 TO 30TH NOVEMBER 2023







DIRECTOR: D Young





REGISTERED OFFICE: 24 Station View
Edinburgh
EH30 9DA





REGISTERED NUMBER: SC750462 (Scotland)





ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DY ASSET MANAGEMENT LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dy Asset Management Ltd for the period ended 30th November 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Dy Asset Management Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dy Asset Management Ltd and state those matters that we have agreed to state to the director of Dy Asset Management Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Dy Asset Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Dy Asset Management Ltd. You consider that Dy Asset Management Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Dy Asset Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


15th August 2024

DY ASSET MANAGEMENT LTD (REGISTERED NUMBER: SC750462)

BALANCE SHEET
30TH NOVEMBER 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 2,034
Investment property 5 90,000
92,034

CURRENT ASSETS
Cash at bank and in hand 67,534

CREDITORS
Amounts falling due within one year 6 104,345
NET CURRENT LIABILITIES (36,811 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,223

CREDITORS
Amounts falling due after more than one
year

7

70,875
NET LIABILITIES (15,652 )

CAPITAL AND RESERVES
Called up share capital 10 1
Retained earnings (15,653 )
SHAREHOLDERS' FUNDS (15,652 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th November 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.

DY ASSET MANAGEMENT LTD (REGISTERED NUMBER: SC750462)

BALANCE SHEET - continued
30TH NOVEMBER 2023


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 15th August 2024 and were signed by:





D Young - Director


DY ASSET MANAGEMENT LTD (REGISTERED NUMBER: SC750462)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 15TH NOVEMBER 2022 TO 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Dy Asset Management 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
The turnover shown in the profit and loss account represents the sales value of work done during the year, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% straight line

Investment property
Investment properties are shown at 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the period 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 period 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.

Going concern
The financial statements have been prepared on the going concern basis. The director believes that the company has adequate resources and support to continue to operate for the foreseeable future.

DY ASSET MANAGEMENT LTD (REGISTERED NUMBER: SC750462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 15TH NOVEMBER 2022 TO 30TH NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 2,503
At 30th November 2023 2,503
DEPRECIATION
Charge for period 469
At 30th November 2023 469
NET BOOK VALUE
At 30th November 2023 2,034

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 103,337
Revaluations (13,337 )
At 30th November 2023 90,000
NET BOOK VALUE
At 30th November 2023 90,000

Fair value at 30th November 2023 is represented by:
£   
Valuation in 2023 90,000

If the investment property had not been revalued it would have been included at the following historical cost:

£   
Cost 103,337

The investment property was valued on fair value basis on 30th November 2023 by Dale Young, a director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 104,345

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans (see note 8) 70,875

DY ASSET MANAGEMENT LTD (REGISTERED NUMBER: SC750462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 15TH NOVEMBER 2022 TO 30TH NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
£   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans over 5 years 70,875

8. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans over 5 years 70,875

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 70,875

The bank loan is secured by a standard charge.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

11. ULTIMATE CONTROLLING PARTY

The company was under the control of Dale Michael Young throughout the year.