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REGISTERED NUMBER: SC753305 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 16 DECEMBER 2022 TO 31 MARCH 2024

FOR

DURHAM SQUARE ASSOCIATES LIMITED

DURHAM SQUARE ASSOCIATES LIMITED (REGISTERED NUMBER: SC753305)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 16 DECEMBER 2022 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DURHAM SQUARE ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 16 DECEMBER 2022 TO 31 MARCH 2024







DIRECTORS: M Sinclair
I Sinclair



SECRETARY:



REGISTERED OFFICE: 59 Durham Square
Edinburgh
EH15 !PP



REGISTERED NUMBER: SC753305 (Scotland)



ACCOUNTANTS: AGB Accounting & Tax Consultants Limited
27 Guardwell Crescent
Edinburgh
EH17 7JA



BANKERS: Starling Bank Limited
3rd Floor
2 Finsbury Avenue
London
EC2M 2PP

DURHAM SQUARE ASSOCIATES LIMITED (REGISTERED NUMBER: SC753305)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,754

CURRENT ASSETS
Debtors 5 990
Cash at bank 11,142
12,132
CREDITORS
Amounts falling due within one year 6 13,228
NET CURRENT LIABILITIES (1,096 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

658

CREDITORS
Amounts falling due after more than one
year

7

(130

)

PROVISIONS FOR LIABILITIES (97 )
NET ASSETS 431

CAPITAL AND RESERVES
Called up share capital 9 150
Retained earnings 281
SHAREHOLDERS' FUNDS 431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period 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.

DURHAM SQUARE ASSOCIATES LIMITED (REGISTERED NUMBER: SC753305)

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 29 November 2024 and were signed on its behalf by:





I Sinclair - Director


DURHAM SQUARE ASSOCIATES LIMITED (REGISTERED NUMBER: SC753305)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 16 DECEMBER 2022 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Durham Square Associates 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.

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 - 25% on reducing balance

Taxation
Taxation for the period 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 period 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 period was 3 .

DURHAM SQUARE ASSOCIATES LIMITED (REGISTERED NUMBER: SC753305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 16 DECEMBER 2022 TO 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 2,339
At 31 March 2024 2,339
DEPRECIATION
Charge for period 585
At 31 March 2024 585
NET BOOK VALUE
At 31 March 2024 1,754

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 670
Other debtors 320
990

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 389
Taxation and social security 88
Other creditors 12,751
13,228

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 130

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 519

Hire purchase contracts are secured over the asset to which they relate.

DURHAM SQUARE ASSOCIATES LIMITED (REGISTERED NUMBER: SC753305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 16 DECEMBER 2022 TO 31 MARCH 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
150 Ordinary £1 150

150 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in "Creditors: amounts falling due within one year" is an amount of £5,750 due to M Sinclair and £5,751 due to I Sinclair, both directors of the company. No fixed interest rates or repayment terms apply.