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REGISTERED NUMBER: SC637068 (Scotland)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Dinnet And West Tillypronie Syndicate
Limited

Dinnet And West Tillypronie Syndicate
Limited (Registered number: SC637068)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dinnet And West Tillypronie Syndicate
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr R J Turner





REGISTERED OFFICE: c/o Turcan Connell
Princes Exchange
1 Earl Grey Street
Edinburgh
EH3 9EE





REGISTERED NUMBER: SC637068 (Scotland)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Dinnet And West Tillypronie Syndicate
Limited (Registered number: SC637068)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 794,344 758,673

CURRENT ASSETS
Stocks 7,693 13,731
Debtors 5 168,041 179,787
Cash at bank 66,092 39,673
241,826 233,191
CREDITORS
Amounts falling due within one year 6 4,509,912 3,770,015
NET CURRENT LIABILITIES (4,268,086 ) (3,536,824 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,473,742

)

(2,778,151

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (3,473,743 ) (2,778,152 )
SHAREHOLDERS' FUNDS (3,473,742 ) (2,778,151 )

Dinnet And West Tillypronie Syndicate
Limited (Registered number: SC637068)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28 March 2025 and were signed by:





Mr R J Turner - Director


Dinnet And West Tillypronie Syndicate
Limited (Registered number: SC637068)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Dinnet And West Tillypronie Syndicate 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.

The financial statements have been prepared on a going concern basis. In making this assessment, all information about the foreseeable future including the continued support of the director has been taken into consideration.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenants improvements - 5% on cost
Plant and machinery - 20% reducing balance basis
Fixtures and fittings - 20% reducing balance basis
Motor vehicles - 20% reducing balance basis
Sporting equipment - 20% reducing balance basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current 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 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

Dinnet And West Tillypronie Syndicate
Limited (Registered number: SC637068)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Tenants Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 April 2023 537,460 277,960 10,950
Additions 99,693 6,690 -
Disposals - (5,400 ) -
At 31 March 2024 637,153 279,250 10,950
DEPRECIATION
At 1 April 2023 54,722 161,376 5,728
Charge for year 31,858 24,212 1,044
Eliminated on disposal - (3,188 ) -
At 31 March 2024 86,580 182,400 6,772
NET BOOK VALUE
At 31 March 2024 550,573 96,850 4,178
At 31 March 2023 482,738 116,584 5,222

Motor Sporting
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 203,232 82,011 1,111,613
Additions 27,261 3,798 137,442
Disposals (16,500 ) - (21,900 )
At 31 March 2024 213,993 85,809 1,227,155
DEPRECIATION
At 1 April 2023 89,120 41,994 352,940
Charge for year 26,924 8,763 92,801
Eliminated on disposal (9,742 ) - (12,930 )
At 31 March 2024 106,302 50,757 432,811
NET BOOK VALUE
At 31 March 2024 107,691 35,052 794,344
At 31 March 2023 114,112 40,017 758,673

Under the lease agreement with Tillypronie Estate the company is obliged to carry out capital and development work to the property which will be reflected under tenants improvements in the accounts. The improvements will be written off over the life of the lease.

Dinnet And West Tillypronie Syndicate
Limited (Registered number: SC637068)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 399 1,243
Other debtors 25 25
VAT 8,839 22,213
Accrued income 136,770 136,770
Prepayments 22,008 19,536
168,041 179,787

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,925 39,447
Social security and other taxes 4,868 5,881
Other creditors 436 596
Directors' current accounts 4,450,029 3,692,529
Accrued expenses 31,654 31,562
4,509,912 3,770,015

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

8. RELATED PARTY DISCLOSURES

Mr R Turner
Director and shareholder

At the balance sheet date, an amount of £4,450,029 (2023 - £3,692,529) was owed to Mr R Turner by the company. This loan is unsecured and interest free.

Tillypronie Estate

During the period under review the company had a lease agreement in place for sporting rights and property with Tillypronie Estate, a business in which Mr R Turner is sole proprietor