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REGISTERED NUMBER: SC244376 (Scotland)




















Dalton Developments Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024






Dalton Developments Limited (Registered number: SC244376)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dalton Developments Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: S G Dalton Jnr



SECRETARY: S G Dalton Jnr



REGISTERED OFFICE: 15 Youngs Road
East Mains Industrial Estate
Broxburn
West Lothian
EH52 5LY



REGISTERED NUMBER: SC244376 (Scotland)



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



BANKERS: Bank of Scotland
PO Box 1000
BX2 1LB

Dalton Developments Limited (Registered number: SC244376)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 334,013 333,113

CURRENT ASSETS
Debtors 5 - 38,508
Cash at bank 23,655 26,250
23,655 64,758
CREDITORS
Amounts falling due within one year 6 32,059 90,501
NET CURRENT LIABILITIES (8,404 ) (25,743 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,609

307,370

CAPITAL AND RESERVES
Called up share capital 51 51
Retained earnings 325,558 307,319
SHAREHOLDERS' FUNDS 325,609 307,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Dalton Developments Limited (Registered number: SC244376)

Balance Sheet - continued
29 February 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 19 November 2024 and were signed by:





S G Dalton Jnr - Director


Dalton Developments Limited (Registered number: SC244376)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Dalton Developments 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 represents the receipt of rent.

Rent is recognised in accordance with the lease agreement. Where there are lease incentives such as rent free periods, the rent relating to these incentives are accrued and subsequently released over the full period of the lease agreement.

Investment property
Investment property is shown at cost.

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.

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.


Dalton Developments Limited (Registered number: SC244376)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 333,113
Additions 900
At 29 February 2024 334,013
NET BOOK VALUE
At 29 February 2024 334,013
At 28 February 2023 333,113

Investment property is shown at cost.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 38,400
Other debtors - 108
- 38,508

Dalton Developments Limited (Registered number: SC244376)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 529 2,258
Taxation and social security 3,510 -
Other creditors 28,020 88,243
32,059 90,501

Included in other creditors is a balance of £25,437 (2023: £87,088) due to a related party, of which S G Dalton Jnr is also a director.

7. SECURED DEBTS

The Royal Bank of Scotland Plc hold a standard security over the company's assets.