Registration number:
Dewar Holiday Holdings Limited
for the Period from 2 August 2023 to 31 December 2024
Dewar Holiday Holdings Limited
Contents
Company Information |
|
Accountants' Report |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Dewar Holiday Holdings Limited
Company Information
Directors |
Mr David Duncan Dewar Mrs Marie Jeannette Dewar Ms Jacqueline Curley Mrs Kirsten Laing |
Registered office |
|
Accountants |
|
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.
......................................
Chartered Accountants
Kirkcaldy
Fife
KY1 1HB
Dewar Holiday Holdings Limited
(Registration number: SC777829)
Balance Sheet as at 31 December 2024
Note |
2024 |
|
Fixed assets |
||
Investments |
|
|
Current assets |
||
Debtors |
|
|
Cash at bank and in hand |
|
|
|
||
Creditors: Amounts falling due within one year |
( |
|
Net current assets |
|
|
Net assets |
|
|
Capital and reserves |
||
Called up share capital |
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
......................................... |
Dewar Holiday Holdings Limited
Notes to the Unaudited Financial Statements for the Period from 2 August 2023 to 31 December 2024
General information |
The company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
UK
These financial statements were authorised for issue by the
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
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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)
Investments |
2024 |
|
Investments in subsidiaries |
|
Subsidiaries |
£ |
Cost or valuation |
|
Additions |
|
Provision |
|
Carrying amount |
|
At 31 December 2024 |
|
Debtors |
Current |
2024 |
Other debtors |
|
|
Other debtors include loan balances due from directors of £150,000. Further details are at note 11.
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
|
Due within one year |
||
Loans and borrowings |
|
|
Taxation and social security |
|
|
|
Loans and borrowings |
Current loans and borrowings
2024 |
|
Other borrowings |
|
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)
Share capital |
Allotted, called up and not fully paid shares
2024 |
||
No. |
£ |
|
|
|
2,100 |
2,100 ordinary shares of £1 each were issued at par during the period.
Dividends |
2024 |
||
£ |
||
Interim dividend of £ |
150,000 |
|
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 |
- |
|
|
Mrs Marie Jeannette Dewar |
|||
Interest free loan |
- |
|
|
Ms Jacqueline Curley |
|||
Interest free loan |
- |
|
|
Mrs Kirsten Laing |
|||
Interest free loan |
- |
|
|
Summary of transactions with subsidiaries
|
Loans from related parties
2024 |
Subsidiary |
Total |
Advanced |
|
|
At end of period |
|
|
|