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REGISTERED NUMBER: SC393104 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Derome Hammond Limited

Derome Hammond Limited (Registered number: SC393104)






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


Derome Hammond Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs L Carlin
J Paterson





REGISTERED OFFICE: c/o McLay, McAlister & McGibbon LLP
145 St Vincent Street
Glasgow
G2 5JF





REGISTERED NUMBER: SC393104 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Derome Hammond Limited (Registered number: SC393104)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Investments 4 844,795 581,739
Investment property 5 810,000 810,000
1,654,795 1,391,739

CURRENT ASSETS
Debtors 6 15 2,694
Cash at bank 655,316 866,355
655,331 869,049
CREDITORS
Amounts falling due within one year 7 (15,065 ) (17,289 )
NET CURRENT ASSETS 640,266 851,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,295,061

2,243,499

PROVISIONS FOR LIABILITIES (23,467 ) (14,531 )
NET ASSETS 2,271,594 2,228,968

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 177,056 120,240
Retained earnings 2,094,438 2,108,628
SHAREHOLDERS' FUNDS 2,271,594 2,228,968

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 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.

Derome Hammond Limited (Registered number: SC393104)

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 27 December 2024 and were signed on its behalf by:





J Paterson - Director


Derome Hammond Limited (Registered number: SC393104)

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

1. STATUTORY INFORMATION

Derome Hammond 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 as modified by the revaluation of certain assets.

Investment property
Investment properties are initially recognised at cost. Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any change recognised in the profit and loss account.

This is in accordance with FRS 102 which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company so their current value is of prime importance. The departure from the provisions of the act is required in order to give a true and fair view.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Fixed asset investments are held at the market value at 31.3.24.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 581,739
Additions 456,783
Disposals (258,236 )
Revaluations 64,509
At 31 March 2024 844,795
NET BOOK VALUE
At 31 March 2024 844,795
At 31 March 2023 581,739

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 844,795

Derome Hammond Limited (Registered number: SC393104)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 810,000
NET BOOK VALUE
At 31 March 2024 810,000
At 31 March 2023 810,000

The historic cost of the investment property is £675,229 (2023: £675,229).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 15 2,694

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security - 2,224
Other creditors 15,065 15,065
15,065 17,289