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Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
3 |
Directors' responsibilities statement |
5 |
Independent auditor's report to the members |
6 |
Statement of comprehensive income |
11 |
Statement of financial position |
12 |
Statement of changes in equity |
13 |
Notes to the financial statements |
14 |
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Officers and Professional Advisers |
The board of directors |
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Company secretary |
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Registered office |
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Auditor |
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Chartered Accountants & Statutory Auditor |
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Stannergate House |
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41 Dundee Road West |
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Broughty Ferry |
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Dundee |
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DD5 1NB |
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Bankers |
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78 Union Street |
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Aberdeen |
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AB10 1HH |
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Solicitors |
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28 Albyn Place |
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Aberdeen |
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AB10 1YL |
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Strategic Report |
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Director |
Trading address: |
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Directors' Report |
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Director |
Trading address: |
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Directors' Responsibilities Statement |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered Accountants & Statutory Auditor |
Stannergate House |
41 Dundee Road West |
Broughty Ferry |
Dundee |
DD5 1NB |
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Statement of Comprehensive Income |
2023 |
2022 |
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Note |
£ |
£ |
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Turnover |
4 |
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--------- |
--------- |
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Gross profit |
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Administrative expenses |
(
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(
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--------- |
--------- |
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Operating profit/(loss) |
5 |
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(
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Income from shares in group undertakings |
9 |
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Other interest receivable and similar income |
10 |
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Interest payable and similar expenses |
11 |
(
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(
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Profit/(loss) before taxation |
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(
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Tax on profit/(loss) |
12 |
(
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(
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------------ |
--------- |
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Profit/(loss) for the financial year |
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(
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------------ |
--------- |
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Revaluation of tangible assets |
– |
(
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Reclassification from revaluation reserve to profit and loss account |
– |
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---- |
-------- |
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Other comprehensive income for the year |
– |
– |
------------ |
--------- |
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Total comprehensive income for the year |
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(
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--------- |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Tangible assets |
14 |
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Investments |
15 |
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Debtors |
16 |
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Cash at bank and in hand |
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--------- |
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Creditors: amounts falling due within one year |
17 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
18 |
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Deferred taxation |
19 |
(
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(
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Net assets |
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Called up share capital |
21 |
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Share premium account |
22 |
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Capital redemption reserve |
22 |
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Profit and loss account |
22 |
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Shareholders funds |
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Director |
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Statement of Changes in Equity |
Called up share capital |
Share premium account |
Revaluation reserve |
Capital redemption reserve |
Profit and loss account |
Total |
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Note |
£ |
£ |
£ |
£ |
£ |
£ |
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At 1 December 2021 |
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Loss for the year |
(
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(
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Other comprehensive income for the year: |
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Revaluation of tangible assets |
14 |
– |
– |
(
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– |
– |
(
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Reclassification from revaluation reserve to profit and loss account |
– |
– |
– |
– |
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-------- |
--------- |
-------- |
------- |
------------ |
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Total comprehensive income for the year |
– |
– |
(
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– |
(
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(
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Dividends paid and payable |
13 |
– |
– |
– |
– |
(
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(
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-------- |
--------- |
-------- |
------- |
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Total investments by and distributions to owners |
– |
– |
– |
– |
(
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(
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At 30 November 2022 |
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– |
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Profit for the year |
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-------- |
--------- |
-------- |
------- |
------------ |
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Total comprehensive income for the year |
– |
– |
– |
– |
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Dividends paid and payable |
13 |
– |
– |
– |
– |
(
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(
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---- |
---- |
---- |
---- |
------------ |
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Total investments by and distributions to owners |
– |
– |
– |
– |
(
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(
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-------- |
--------- |
---- |
------- |
------------ |
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At 30 November 2023 |
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– |
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-------- |
--------- |
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------- |
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Notes to the Financial Statements |
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Notes to the Financial Statements (continued) |
Freehold Property |
- |
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Motor Vehicles |
- |
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2023 |
2022 |
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£ |
£ |
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Rent and management charges |
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--------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Depreciation of tangible assets |
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Administrative expenses |
– |
700,000 |
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Gains on disposal of tangible assets |
– |
(
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-------- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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------- |
------- |
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2023 |
2022 |
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No. |
No. |
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Management staff |
– |
3 |
---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Wages and salaries |
– |
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Social security costs |
– |
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---- |
--------- |
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– |
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---- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Remuneration |
– |
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---- |
--------- |
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2023 |
2022 |
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£ |
£ |
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Dividends from group undertakings |
2,025,000 |
135,270 |
------------ |
--------- |
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2023 |
2022 |
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£ |
£ |
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Interest on cash and cash equivalents |
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---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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Interest on obligations under finance leases and hire purchase contracts |
– |
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-------- |
-------- |
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-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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UK current tax expense |
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Origination and reversal of timing differences |
(
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-------- |
-------- |
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Tax on profit/(loss) |
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-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Profit/(loss) on ordinary activities before taxation |
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(
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------------ |
--------- |
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Profit/(loss) on ordinary activities by rate of tax |
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(
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Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
(
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Effect of revenue exempt from tax |
(
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(
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Other tax adjustments |
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– |
------------ |
--------- |
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Tax on profit/(loss) |
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------------ |
--------- |
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2023 |
2022 |
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£ |
£ |
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Equity dividends on ordinary shares |
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------------ |
--------- |
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Investment property |
Motor vehicles |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 December 2022 and 30 November 2023 |
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------------ |
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Depreciation |
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At 1 December 2022 |
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Charge for the year |
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------------ |
-------- |
------------ |
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At 30 November 2023 |
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------------ |
-------- |
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Carrying amount |
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At 30 November 2023 |
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------------ |
-------- |
------------ |
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At 30 November 2022 |
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------------ |
-------- |
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Investment property |
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£ |
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At 30 November 2023 |
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Aggregate cost |
1,886,532 |
Aggregate depreciation |
– |
------------ |
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Carrying value |
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------------ |
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At 30 November 2022 |
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Aggregate cost |
1,886,532 |
Aggregate depreciation |
– |
------------ |
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Carrying value |
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------------ |
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Shares in group undertakings |
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£ |
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Cost |
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At 1 December 2022 and 30 November 2023 |
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------------ |
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Impairment |
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At 1 December 2022 and 30 November 2023 |
– |
------------ |
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Carrying amount |
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At 30 November 2023 |
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------------ |
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At 30 November 2022 |
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------------ |
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2023 |
2022 |
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£ |
£ |
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Amounts owed by group undertakings |
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--------- |
------------ |
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Corporation tax |
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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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--------- |
--------- |
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Deferred tax (note 20) |
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£ |
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At 1 December 2022 |
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Charge against provision |
(
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------- |
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At 30 November 2023 |
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------- |
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2023 |
2022 |
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£ |
£ |
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Included in provisions (note 19) |
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------- |
------- |
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2023 |
2022 |
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£ |
£ |
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Accelerated capital allowances |
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------- |
------- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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15,375 |
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15,375 |
-------- |
-------- |
-------- |
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