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REGISTERED NUMBER: SC690633 (Scotland)




















Ds & Ds Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Ds & Ds Limited (Registered number: SC690633)






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


Ds & Ds Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs X Dai



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
EH3 6AT



REGISTERED NUMBER: SC690633 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Bank of Scotland
The Mound
Edinburgh
EH1 1YZ

Ds & Ds Limited (Registered number: SC690633)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,321 8,833
Investment property 5 1,999,044 1,383,868
2,011,365 1,392,701

CURRENT ASSETS
Debtors 6 14,450 33,964
Cash at bank 19,297 14,854
33,747 48,818
CREDITORS
Amounts falling due within one year 7 1,046,125 793,924
NET CURRENT LIABILITIES (1,012,378 ) (745,106 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

998,987

647,595

CREDITORS
Amounts falling due after more than
one year

8

1,135,691

742,057
NET LIABILITIES (136,704 ) (94,462 )

Ds & Ds Limited (Registered number: SC690633)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (136,804 ) (94,562 )
(136,704 ) (94,462 )

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 director acknowledges her 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 director and authorised for issue on 7 October 2024 and were signed by:





Mrs X Dai - Director


Ds & Ds Limited (Registered number: SC690633)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ds & Ds 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.

Turnover and revenue recognition
Turnover represents income from holiday letting or room hire, excluding value added tax. Turnover also including rental income recognizes based on rent due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Investment property
Investment properties are shown at their fair value. Any surplus or deficit arising from changes in fair value is recognised in the profit and loss account for the year. A reduction in value due to fluctuation in the property market conditions is not considered to be permanent.

This is in accordance with FRS 102 which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year end is included in the fair value reserve with the relevant change in fair value.

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.

All loans with related parties are all repayable on demand.


Ds & Ds Limited (Registered number: SC690633)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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 1 (2023 - 1 ) .

Ds & Ds Limited (Registered number: SC690633)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 14,404
Additions 9,049
At 31 March 2024 23,453
DEPRECIATION
At 1 April 2023 5,571
Charge for year 5,561
At 31 March 2024 11,132
NET BOOK VALUE
At 31 March 2024 12,321
At 31 March 2023 8,833

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,383,868
Additions 615,176
At 31 March 2024 1,999,044
NET BOOK VALUE
At 31 March 2024 1,999,044
At 31 March 2023 1,383,868

The investment properties were valued on an open market basis by the director, who is not a professional valuer, on 31 March 2024. In the opinion of the director, there were no significant changes in fair values of the properties at 31 March 2024.

Ds & Ds Limited (Registered number: SC690633)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1
Other debtors 14,450 33,963
14,450 33,964

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,969 -
Other creditors 1,034,156 793,924
1,046,125 793,924

The director's current account is unsecured, interest free and has no fixed repayment period.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,135,691 742,057

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,037,132 742,057

Ds & Ds Limited (Registered number: SC690633)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,147,660 742,057

Standard security in favour of Lendinvest BTL Limited created on 3 September 2021 and created on 29 September 2021 over property at Flat 29, 29 King's Stables Road Edinburgh, EH1 2AP.

Standard security in favour of Lendinvest BTL Limited created on 13 April 2022 over property at 62 Strathearn Road, Edinburgh, EH9 2AD.

Standard security in favour of Charter Court Financial Services Limited Trading as Precise Mortgages created on 5 October 2023 over property at 15 Bernard Terrace, Edinburgh, EH8 9NU.

10. GOING CONCERN

The financial statements have been prepared on the going concern principal which assumes that the company will continue to function in the foreseeable future. In order to do so the company will require the continued support of its director, bankers and creditors.