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REGISTERED NUMBER: SC714289 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Doonhame Property Limited

Doonhame Property Limited (Registered number: SC714289)






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


Doonhame Property Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D Welsh





REGISTERED OFFICE: The Cooper Building
505 Great Western Road
GLASGOW
G12 8HN





REGISTERED NUMBER: SC714289 (Scotland)





ACCOUNTANTS: The Kelvin Partnership Ltd
Chartered Accountants
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

Doonhame Property Limited (Registered number: SC714289)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 131,913 117,459

CURRENT ASSETS
Debtors 5 3,000 -
Cash at bank 99,903 48,248
102,903 48,248
CREDITORS
Amounts falling due within one year 6 105,232 103,714
NET CURRENT LIABILITIES (2,329 ) (55,466 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,584

61,993

CREDITORS
Amounts falling due after more than one
year

7

128,277

61,800
NET ASSETS 1,307 193

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,306 192
SHAREHOLDERS' FUNDS 1,307 193

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 his 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.

Doonhame Property Limited (Registered number: SC714289)

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 director and authorised for issue on 6 November 2024 and were signed by:





D Welsh - Director


Doonhame Property Limited (Registered number: SC714289)

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

1. STATUTORY INFORMATION

Doonhame Property 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
The Company classifies land and buildings as investment property when it is held to earn rentals or for capital appreciation, or both. Investment properties are initially measured at cost which comprises purchase price and any directly attributable expenditure.Investment properties are subsequently remeasured to fair value at each reporting date, with changes in fair value recognised in profit or loss. Revaluations are carried out by the Director.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Doonhame Property Limited (Registered number: SC714289)

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

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 117,459
Additions 14,454
At 31 March 2024 131,913
NET BOOK VALUE
At 31 March 2024 131,913
At 31 March 2023 117,459

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 3,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 492 514
Other creditors 104,740 103,200
105,232 103,714

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 128,277 61,800

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 128,277 61,800

8. ULTIMATE CONTROLLING PARTY

The controlling party is D Welsh.