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REGISTERED NUMBER: SC088199 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DAVID FINLAYSON LIMITED

DAVID FINLAYSON LIMITED (REGISTERED NUMBER: SC088199)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID FINLAYSON LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: David Finlayson
Janette Finlayson





SECRETARY: Janette Finlayson





REGISTERED OFFICE: 3 MacGregor Court
Oban
Argyll
PA34 3DJ





REGISTERED NUMBER: SC088199 (Scotland)





ACCOUNTANTS: R A Clement Associates
Chartered Accountants
Argyll Square
Oban
Argyll
PA34 4AZ

DAVID FINLAYSON LIMITED (REGISTERED NUMBER: SC088199)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133 167
Investment property 5 83,797 86,591
83,930 86,758

CURRENT ASSETS
Debtors 6 4,000 4,000
Cash at bank 15,125 25,601
19,125 29,601
CREDITORS
Amounts falling due within one year 7 30,507 27,870
NET CURRENT (LIABILITIES)/ASSETS (11,382 ) 1,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,548

88,489

PROVISIONS FOR LIABILITIES 26 32
NET ASSETS 72,522 88,457

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 62,522 78,457
SHAREHOLDERS' FUNDS 72,522 88,457

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.

DAVID FINLAYSON LIMITED (REGISTERED NUMBER: SC088199)

BALANCE SHEET - continued
31 March 2024


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 18 September 2024 and were signed on its behalf by:





David Finlayson - Director


DAVID FINLAYSON LIMITED (REGISTERED NUMBER: SC088199)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

David Finlayson 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is initially measured at cost. After initial recognition, investment property is measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is being provided at 2% per annum to write off the investment property over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

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

DAVID FINLAYSON LIMITED (REGISTERED NUMBER: SC088199)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 86,442
DEPRECIATION
At 1 April 2023 86,275
Charge for year 34
At 31 March 2024 86,309
NET BOOK VALUE
At 31 March 2024 133
At 31 March 2023 167

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2023
and 31 March 2024 139,678
DEPRECIATION
At 1 April 2023 53,087
Charge for year 2,794
At 31 March 2024 55,881
NET BOOK VALUE
At 31 March 2024 83,797
At 31 March 2023 86,591

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,000 4,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,788 533
Other creditors 27,719 27,337
30,507 27,870