Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Ernest Milne 16/05/2014 Lisa Milne 22/11/2021 22 January 2025 The principal activity of the Company during the financial year was consultancy services in the oil and gas industry. SC477815 2024-05-31 SC477815 bus:Director1 2024-05-31 SC477815 bus:Director2 2024-05-31 SC477815 core:CurrentFinancialInstruments 2024-05-31 SC477815 core:CurrentFinancialInstruments 2023-05-31 SC477815 2023-05-31 SC477815 core:ShareCapital 2024-05-31 SC477815 core:ShareCapital 2023-05-31 SC477815 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC477815 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC477815 bus:OrdinaryShareClass1 2024-05-31 SC477815 2023-06-01 2024-05-31 SC477815 bus:FilletedAccounts 2023-06-01 2024-05-31 SC477815 bus:SmallEntities 2023-06-01 2024-05-31 SC477815 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 SC477815 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC477815 bus:Director1 2023-06-01 2024-05-31 SC477815 bus:Director2 2023-06-01 2024-05-31 SC477815 2022-06-01 2023-05-31 SC477815 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 SC477815 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC477815 (Scotland)

DANLAUREN PROJECTS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH THE REGISTRAR

DANLAUREN PROJECTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024

Contents

DANLAUREN PROJECTS LIMITED

BALANCE SHEET

AS AT 31 MAY 2024
DANLAUREN PROJECTS LIMITED

BALANCE SHEET (continued)

AS AT 31 MAY 2024
Note 2024 2023
£ £
Current assets
Debtors 3 33,005 11,674
Cash at bank and in hand 7,379 50,827
40,384 62,501
Creditors: amounts falling due within one year 4 ( 33,811) ( 24,913)
Net current assets 6,573 37,588
Total assets less current liabilities 6,573 37,588
Net assets 6,573 37,588
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account 6,572 37,587
Total shareholders' funds 6,573 37,588

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Danlauren Projects Limited (registered number: SC477815) were approved and authorised for issue by the Board of Directors on 22 January 2025. They were signed on its behalf by:

Ernest Milne
Director
DANLAUREN PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
DANLAUREN PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Danlauren Projects Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 25 Newlands Gardens, Portlethen, AB12 4LW, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand with original maturities of three months or less.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are classified as debt, and recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Trade debtors 0 11,674
Other debtors 33,005 0
33,005 11,674

4. Creditors: amounts falling due within one year

2024 2023
£ £
Corporation tax 23,736 19,701
Other taxation and social security 0 108
Other creditors 10,075 5,104
33,811 24,913

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

6. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts due from / (to) directors 33,005 (790)

This loan is interest free and has no fixed terms of repayment.