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REGISTERED NUMBER: SC780038 (Scotland)















Unaudited Financial Statements

for the Period 23 August 2023 to 31 August 2024

for

DIAMOND PROPERTY DEVELOPMENTS (8QR) LTD

DIAMOND PROPERTY DEVELOPMENTS (8QR) LTD (REGISTERED NUMBER: SC780038)






Contents of the Financial Statements
FOR THE PERIOD 23 AUGUST 2023 TO 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIAMOND PROPERTY DEVELOPMENTS (8QR) LTD

Company Information
FOR THE PERIOD 23 AUGUST 2023 TO 31 AUGUST 2024







DIRECTORS: P J W Gibson
D J Smart





REGISTERED OFFICE: First Floor, 5 Abercrombie Court
Prospect Road
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FE





REGISTERED NUMBER: SC780038 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

DIAMOND PROPERTY DEVELOPMENTS (8QR) LTD (REGISTERED NUMBER: SC780038)

Balance Sheet
31 AUGUST 2024

Notes £    £   
FIXED ASSETS
Tangible assets 3 244,347

CURRENT ASSETS
Debtors 4 19,392

CREDITORS
Amounts falling due within one year 5 3,771
NET CURRENT ASSETS 15,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,968

CREDITORS
Amounts falling due after more than one
year

6

310,209
NET LIABILITIES (50,241 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (50,341 )
SHAREHOLDERS' FUNDS (50,241 )

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

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

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.

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 Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:



P J W Gibson - Director


DIAMOND PROPERTY DEVELOPMENTS (8QR) LTD (REGISTERED NUMBER: SC780038)

Notes to the Financial Statements
FOR THE PERIOD 23 AUGUST 2023 TO 31 AUGUST 2024

1. STATUTORY INFORMATION

Diamond Property Developments (8QR) Ltd 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

Going concern
Although technically insolvent the company is being supported by the lender Residential Loans Ltd.

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.

Taxation
Taxation for the period 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 period 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.

3. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
Additions 244,347
At 31 August 2024 244,347
NET BOOK VALUE
At 31 August 2024 244,347

DIAMOND PROPERTY DEVELOPMENTS (8QR) LTD (REGISTERED NUMBER: SC780038)

Notes to the Financial Statements - continued
FOR THE PERIOD 23 AUGUST 2023 TO 31 AUGUST 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 3,236
Inter co - DPD Ltd 14,420
Directors' current accounts 100
Tax 34
VAT 460
Prepayments 1,142
19,392

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,887
Tax 34
Accrued expenses 850
3,771

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other loans (see note 7) 310,209

7. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due between one and two years:
Other loans - 1-2 years 310,209

8. SECURED DEBTS

A Floating Charge was created on 29th September 2023 in favour of Residential Loan Ltd which covers all the property or undertaking of the company.

A Registration of a charge (MR01) was created on 13th October 2023 in favour of Residential Loans Ltd which covers all and whole the property at eight queens road, aberdeen, AB15 4ZT which together with all rights whether common, mutual or exclusive pertaining thereto forms the whole subjects registered in the land register of scotland under title number ABN90847.