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REGISTERED NUMBER: SC593892 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

DIAMOND PROPERTY DEVELOPMENTS - MASONIC
LODGE LIMITED

DIAMOND PROPERTY DEVELOPMENTS - MASONIC
LODGE LIMITED (REGISTERED NUMBER: SC593892)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIAMOND PROPERTY DEVELOPMENTS - MASONIC
LODGE LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P J W Gibson
D J Smart





REGISTERED OFFICE: First Floor, 5 Abercrombie Court
Prospect Road
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FE





REGISTERED NUMBER: SC593892 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

DIAMOND PROPERTY DEVELOPMENTS - MASONIC
LODGE LIMITED (REGISTERED NUMBER: SC593892)

Balance Sheet
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,385,425 1,387,465

CURRENT ASSETS
Debtors 5 1,917 3,094
Cash at bank 183 1,855
2,100 4,949
CREDITORS
Amounts falling due within one year 6 322,844 311,205
NET CURRENT LIABILITIES (320,744 ) (306,256 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,064,681

1,081,209

CREDITORS
Amounts falling due after more than one year 7 1,038,027 1,046,950
NET ASSETS 26,654 34,259

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,554 34,159
SHAREHOLDERS' FUNDS 26,654 34,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

DIAMOND PROPERTY DEVELOPMENTS - MASONIC
LODGE LIMITED (REGISTERED NUMBER: SC593892)

Balance Sheet - continued
30 APRIL 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 15 January 2025 and were signed on its behalf by:





P J W Gibson - Director


DIAMOND PROPERTY DEVELOPMENTS - MASONIC
LODGE LIMITED (REGISTERED NUMBER: SC593892)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Diamond Property Developments - Masonic Lodge 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

DIAMOND PROPERTY DEVELOPMENTS - MASONIC
LODGE LIMITED (REGISTERED NUMBER: SC593892)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1,385,000 8,460 1,393,460
DEPRECIATION
At 1 May 2023 - 5,995 5,995
Charge for year - 2,040 2,040
At 30 April 2024 - 8,035 8,035
NET BOOK VALUE
At 30 April 2024 1,385,000 425 1,385,425
At 30 April 2023 1,385,000 2,465 1,387,465

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors - 1,200
Directors' current accounts 1,150 1,151
Tax 373 374
VAT 394 369
1,917 3,094

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,783 8,986
Trade creditors 207 103
Tax 1,584 1,483
Social security and other taxes 46,535 45,578
Other creditors 223,134 215,653
Directors' current accounts 34,943 35,488
Accruals and deferred income 5,658 3,914
322,844 311,205

DIAMOND PROPERTY DEVELOPMENTS - MASONIC
LODGE LIMITED (REGISTERED NUMBER: SC593892)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 10,783 17,971
Bank loans - 2-5 years 20,988 23,662
Mortgage - Kensington 199,883 199,148
Mortgage - Aldermore 806,373 806,169
1,038,027 1,046,950

8. SECURED DEBTS

A floating charge was created on the 4th May 2018 in favour of Residential Loans Limited over all sums of principal and relative interest, penalties, costs, charges and expenses due.

A Standard Security was created on the 17th May 2018 in favour of Residential Loans Limited over the subjects know as 85 Great Western Road, Aberdeen, AB24 4DR.

A Standard Security was created on the 17th January 2019 in favour of Residential Loans Limited over all and whole the premises know as 3 Jopps Lane, Aberdeen, AB25 1BR.

A Standard Security was created on the 27th January 2020 in favour of Kensington Mortgage Company Ltd over all and whole the premises know as 3 Jopps Lane, Aberdeen, AB25 1BR.

A floating charge was created on the 22nd July 2020 in favour of Aldermore bank PLC over all the property and undertaking of the company.

Registration of Charges were created on the 24th July 2020 in favour of Aldermore Bank PLC over all and whole the premises know as Flat 1, Flat 2, Flat 3 & Flat 4, The Lodge, 85 Great Western Road, Aberdeen AB24 4DR.

Registration of Charges were created on the 9th September 2020 in favour of Aldermore Bank PLC over all and whole the premises know as Flat 1, Flat 2, Flat 3 & Flat 4, The Lodge, 85 Great Western Road, Aberdeen AB24 4DR.

A Registration of Charge was created on 10th March 2023 in favour of Residential Loans Ltd over all and whole of the premises known as 3 Jopps Lane, Aberdeen, AB25 1BR.

A Registration of Charge was created on 16th March 2023 in favour of Residential Loans Ltd over all and whole of the premises known as 3 Jopps Lane, Aberdeen, AB25 1BR