IRIS Accounts Production v24.2.0.383 SC089875 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC0898752023-03-31SC0898752024-03-31SC0898752023-04-012024-03-31SC0898752022-03-31SC0898752022-04-012023-03-31SC0898752023-03-31SC089875ns15:Scotland2023-04-012024-03-31SC089875ns14:PoundSterling2023-04-012024-03-31SC089875ns10:Director12023-04-012024-03-31SC089875ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC089875ns10:SmallEntities2023-04-012024-03-31SC089875ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC089875ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC089875ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC089875ns10:FullAccounts2023-04-012024-03-31SC089875ns10:Director22023-04-012024-03-31SC089875ns10:Director32023-04-012024-03-31SC089875ns10:Director42023-04-012024-03-31SC089875ns10:CompanySecretary12023-04-012024-03-31SC089875ns10:RegisteredOffice2023-04-012024-03-31SC089875ns5:CurrentFinancialInstruments2024-03-31SC089875ns5:CurrentFinancialInstruments2023-03-31SC089875ns5:ShareCapital2024-03-31SC089875ns5:ShareCapital2023-03-31SC089875ns5:RetainedEarningsAccumulatedLosses2024-03-31SC089875ns5:RetainedEarningsAccumulatedLosses2023-03-31SC089875ns5:CostValuation2023-03-31
REGISTERED NUMBER: SC089875 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DOONBANK INVESTMENTS LIMITED

DOONBANK INVESTMENTS LIMITED (REGISTERED NUMBER: SC089875)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DOONBANK INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J C Martin
Mrs G Martin
D J Martin
Mrs L M Young





SECRETARY: Mrs G Martin





REGISTERED OFFICE: 20 Barns Street
Ayr
KA71XA





REGISTERED NUMBER: SC089875 (Scotland)





ACCOUNTANTS: Galbraith Pritchards
Chartered Accountants
20 Barns Street
Ayr
Ayrshire
KA7 1XA

DOONBANK INVESTMENTS LIMITED (REGISTERED NUMBER: SC089875)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,647,000 1,647,000

CURRENT ASSETS
Cash at bank 187,272 188,403

CREDITORS
Amounts falling due within one year 5 257,412 255,578
NET CURRENT LIABILITIES (70,140 ) (67,175 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,576,860

1,579,825

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,575,860 1,578,825
SHAREHOLDERS' FUNDS 1,576,860 1,579,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





D J Martin - Director


DOONBANK INVESTMENTS LIMITED (REGISTERED NUMBER: SC089875)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Doonbank Investments Limited 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.

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 rents received from Investment Properties.

FINANCIAL INSTRUMENTS
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

DOONBANK INVESTMENTS LIMITED (REGISTERED NUMBER: SC089875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 1,647,000
NET BOOK VALUE
At 31 March 2024 1,647,000
At 31 March 2023 1,647,000

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2011 164,597
Valuation in 2012 (65,000 )
Valuation in 2013 (80,000 )
Valuation in 2014 (118,000 )
Valuation in 2016 (20,000 )
Valuation in 2017 (58,000 )
Valuation in 2018 (106,000 )
Valuation in 2021 (474,446 )
Valuation in 2022 (25,000 )
Cost 2,428,849
1,647,000

The investment properties were valued on an open market basis on 31 March 2024 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Taxation and social security 11,596 7,801
Other creditors 245,816 247,777
257,412 255,578

6. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.