IRIS Accounts Production v24.3.2.46 SC035218 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC0352182023-12-31SC0352182024-12-31SC0352182024-01-012024-12-31SC0352182022-12-31SC0352182023-01-012023-12-31SC0352182023-12-31SC035218ns15:Scotland2024-01-012024-12-31SC035218ns14:PoundSterling2024-01-012024-12-31SC035218ns10:Director12024-01-012024-12-31SC035218ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31SC035218ns10:SmallEntities2024-01-012024-12-31SC035218ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-31SC035218ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-31SC035218ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31SC035218ns10:FullAccounts2024-01-012024-12-31SC035218ns10:Director22024-01-012024-12-31SC035218ns10:Director32024-01-012024-12-31SC035218ns10:RegisteredOffice2024-01-012024-12-31SC035218ns5:CurrentFinancialInstruments2024-12-31SC035218ns5:CurrentFinancialInstruments2023-12-31SC035218ns5:ShareCapital2024-12-31SC035218ns5:ShareCapital2023-12-31SC035218ns5:RetainedEarningsAccumulatedLosses2024-12-31SC035218ns5:RetainedEarningsAccumulatedLosses2023-12-31SC035218ns5:CurrentFinancialInstruments2024-01-012024-12-31
REGISTERED NUMBER: SC035218 (Scotland)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DRYMEN MOTOR COMPANY LIMITED

DRYMEN MOTOR COMPANY LIMITED (REGISTERED NUMBER: SC035218)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DRYMEN MOTOR COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: I Philp
I A Philp
Ms W L Crozier



REGISTERED OFFICE: 213 St Vincent Street
Glasgow
G2 5QY



REGISTERED NUMBER: SC035218 (Scotland)



ACCOUNTANTS: Bannerman Johnstone Maclay
213 St Vincent Street
Glasgow
G2 5QY



BANKERS: The Royal Bank of Scotland
Commercial Banking - Glasgow
2nd Floor, Kirkstane House
139 St Vincent Street
Glasgow
G2 5JF



SOLICITORS: Wright, Johnston & Mackenzie LLP
302 St Vincent Street
Glasgow
G2 5RZ

DRYMEN MOTOR COMPANY LIMITED (REGISTERED NUMBER: SC035218)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 2,052,514 2,052,514

CREDITORS
Amounts falling due within one year 5 601,074 601,074
NET CURRENT ASSETS 1,451,440 1,451,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,451,440

1,451,440

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,451,340 1,451,340
SHAREHOLDERS' FUNDS 1,451,440 1,451,440

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 3 January 2025 and were signed on its behalf by:





Ms W L Crozier - Director


DRYMEN MOTOR COMPANY LIMITED (REGISTERED NUMBER: SC035218)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Drymen Motor Company 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.

The company was dormant throughout the current year and previous year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 2,052,514 2,052,514

Amounts owed by group undertakings are unsecured, interest free and have no fixed date of repayment.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 591,051 591,051
Amounts owed to related undertakings 10,009 10,009
Taxation and social security 14 14
601,074 601,074

Amounts owed to group undertakings are unsecured, interest free and have no fixed date of repayment.

6. ULTIMATE PARENT COMPANY

The company's ultimate parent undertaking is I Philp (Holdings) Limited, a company registered in Scotland.

Mrs I Philp is considered to be the ultimate controlling party by way of her majority shareholding in the ultimate parent company.