Dewar Holiday Holdings Limited SC777829 false 2023-08-02 2024-12-31 2024-12-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false true SC777829 2023-08-02 2024-12-31 SC777829 2024-12-31 SC777829 bus:Director1 1 2024-12-31 SC777829 bus:Director2 1 2024-12-31 SC777829 bus:Director3 1 2024-12-31 SC777829 bus:Director4 1 2024-12-31 SC777829 bus:OrdinaryShareClass1 2024-12-31 SC777829 core:CurrentFinancialInstruments 2024-12-31 SC777829 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 SC777829 core:AdditionsToInvestments 2024-12-31 SC777829 core:AllSubsidiaries 2024-12-31 SC777829 bus:SmallEntities 2023-08-02 2024-12-31 SC777829 bus:AuditExemptWithAccountantsReport 2023-08-02 2024-12-31 SC777829 bus:FilletedAccounts 2023-08-02 2024-12-31 SC777829 bus:SmallCompaniesRegimeForAccounts 2023-08-02 2024-12-31 SC777829 bus:RegisteredOffice 2023-08-02 2024-12-31 SC777829 bus:Director1 2023-08-02 2024-12-31 SC777829 bus:Director1 1 2023-08-02 2024-12-31 SC777829 bus:Director2 2023-08-02 2024-12-31 SC777829 bus:Director2 1 2023-08-02 2024-12-31 SC777829 bus:Director3 2023-08-02 2024-12-31 SC777829 bus:Director3 1 2023-08-02 2024-12-31 SC777829 bus:Director4 2023-08-02 2024-12-31 SC777829 bus:Director4 1 2023-08-02 2024-12-31 SC777829 bus:OrdinaryShareClass1 2023-08-02 2024-12-31 SC777829 bus:PrivateLimitedCompanyLtd 2023-08-02 2024-12-31 SC777829 bus:Agent1 2023-08-02 2024-12-31 SC777829 core:AllSubsidiaries 2023-08-02 2024-12-31 SC777829 core:Subsidiary1 2023-08-02 2024-12-31 SC777829 countries:Scotland 2023-08-02 2024-12-31 SC777829 bus:Director1 1 2023-08-01 SC777829 bus:Director2 1 2023-08-01 SC777829 bus:Director3 1 2023-08-01 SC777829 bus:Director4 1 2023-08-01 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC777829

Dewar Holiday Holdings Limited

Unaudited Filleted Financial Statements

for the Period from 2 August 2023 to 31 December 2024

 

Dewar Holiday Holdings Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Dewar Holiday Holdings Limited

Company Information

Directors

Mr David Duncan Dewar

Mrs Marie Jeannette Dewar

Ms Jacqueline Curley

Mrs Kirsten Laing

Registered office




Registration number

31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

SC777829 (Scotland)

Accountants

Brown, Scott & Main
Chartered Accountants31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Dewar Holiday Holdings Limited
for the Period Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dewar Holiday Holdings Limited for the period ended 31 December 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of The Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance

This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information of Dewar Holiday Holdings Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of The Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company for our work or for this report.

It is your duty to ensure that Dewar Holiday Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dewar Holiday Holdings Limited. You consider that Dewar Holiday Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Dewar Holiday Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Brown, Scott & Main
Chartered Accountants
31 Townsend Place
Kirkcaldy
Fife
KY1 1HB

3 March 2025

 

Dewar Holiday Holdings Limited

(Registration number: SC777829)
Balance Sheet as at 31 December 2024

Note

2024
£

Fixed assets

 

Investments

5

2,000

Current assets

 

Debtors

6

150,100

Cash at bank and in hand

 

259,021

 

409,121

Creditors: Amounts falling due within one year

7

(152,630)

Net current assets

 

256,491

Net assets

 

258,491

Capital and reserves

 

Called up share capital

9

2,100

Retained earnings

256,391

Shareholders' funds

 

258,491

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 March 2025 and signed on its behalf by:
 

.........................................
Mrs Marie Jeannette Dewar
Director

 

Dewar Holiday Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 2 August 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
31 Townsend Place
Kirkcaldy
Fife
KY1 1HB
UK

These financial statements were authorised for issue by the Board on 3 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The presentation currency is sterling.

Group accounts not prepared

The financial statements contain information about Dewar Holiday Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Going concern

The financial statements have been prepared on a going concern basis. The directors consider this basis is appropriate as the company is supported by the value of its investments and it continues to meet its working capital requirements as they fall due from the activities of its subsidiary.

Turnover

Turnover comprises dividends received from the company's subsidiary company and is recognised when dividends are declared.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. There is currently no deferred tax liability.

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.

Group relief

Tax losses surrendered to any group company are paid in full by the claimant company.

 

Dewar Holiday Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 2 August 2023 to 31 December 2024 (continued)

2

Accounting policies (continued)

Investments

Investments in subsidiary companies are recognised at cost less impairment. Gains or losses on disposal of these investments are recognised in the profit and loss account.

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, including bank balances and prepayments, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market value rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors and loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

4

Taxation

The tax charge on the profit for the period was as follows:

2024

£

UK corporation tax

2,130

 

Dewar Holiday Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 2 August 2023 to 31 December 2024 (continued)

5

Investments

2024
£

Investments in subsidiaries

2,000

Subsidiaries

£

Cost or valuation

Additions

2,000

Provision

Carrying amount

At 31 December 2024

2,000

6

Debtors

Current

2024
£

Other debtors

150,100

 

150,100

Other debtors include loan balances due from directors of £150,000. Further details are at note 11.

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

8

150,500

Taxation and social security

 

2,130

 

152,630

8

Loans and borrowings

Current loans and borrowings

2024
£

Other borrowings

150,500

Other borrowings comprise the balance due to the company's subsidiary. Further details are at note 11.

 

Dewar Holiday Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 2 August 2023 to 31 December 2024 (continued)

9

Share capital

Allotted, called up and not fully paid shares

2024

No.

£

Ordinary of £1 each

2,100

2,100

   

2,100 ordinary shares of £1 each were issued at par during the period.

10

Dividends

2024

£

Interim dividend of £71.43 per ordinary share

150,000

 

11

Related party transactions

Transactions with directors

2024

At 2 August 2023
£

Advances to director
£

At 31 December 2024
£

Mr David Duncan Dewar

Interest free loan

-

60,000

60,000

Mrs Marie Jeannette Dewar

Interest free loan

-

60,000

60,000

Ms Jacqueline Curley

Interest free loan

-

15,000

15,000

Mrs Kirsten Laing

Interest free loan

-

15,000

15,000

Summary of transactions with subsidiaries

M J D Holidays Limited is a company wholly owned by Dewar Holiday Holdings Limited.
The loan is interest free and repayable on demand.

Loans from related parties

2024

Subsidiary
£

Total
£

Advanced

150,000

150,000

At end of period

150,000

150,000