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COMPANY REGISTRATION NUMBER: SC609175
Fraser Dunlop Holdings Limited
Filleted Unaudited Financial Statements
For the year ended
29 February 2024
Fraser Dunlop Holdings Limited
Financial Statements
Year ended 29 February 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Fraser Dunlop Holdings Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
100
100
Current assets
Debtors
6
126,570
Cash at bank and in hand
620,093
746,712
---------
---------
746,663
746,712
Creditors: amounts falling due within one year
7
36,907
32,907
---------
---------
Net current assets
709,756
713,805
---------
---------
Total assets less current liabilities
709,856
713,905
---------
---------
Net assets
709,856
713,905
---------
---------
Capital and reserves
Called up share capital
200
200
Profit and loss account
709,656
713,705
---------
---------
Shareholders funds
709,856
713,905
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 September 2024 , and are signed on behalf of the board by:
Ms H A Dunlop
Director
Company registration number: SC609175
Fraser Dunlop Holdings Limited
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Dippoolview, Westsidewood, Auchengray, Carnwath, Lanark, ML11 8LJ, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis . The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the period amounted to Nil (2023: Nil).
5. Investments
Shares in group undertakings
£
Cost
At 1 March 2023 and 29 February 2024
100
----
Impairment
At 1 March 2023 and 29 February 2024
----
Carrying amount
At 29 February 2024
100
----
At 28 February 2023
100
----
6. Debtors
2024
2023
£
£
Other debtors
126,570
---------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
36,907
32,907
--------
--------
8. Directors' advances, credits and guarantees
The directors loan accounts were not overdrawn at any point during the year or previous year.