REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2024 |
for |
DIAMOND PROPERTY DEVELOPMENTS - MASONIC |
LODGE LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Fixtures and fittings | - |
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 |
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 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Other debtors |
Directors' current accounts | 1,150 | 1,151 |
Tax |
VAT |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Tax |
Social security and other taxes |
Other creditors |
Directors' current accounts | 34,943 | 35,488 |
Accruals and deferred income |
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 |
Bank loans - 2-5 years |
Mortgage - Kensington | 199,883 | 199,148 |
Mortgage - Aldermore | 806,373 | 806,169 |
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 |