IRIS Accounts Production v25.1.4.42 SC058410 Board of Directors 1.1.24 31.12.24 31.12.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC0584102023-12-31SC0584102024-12-31SC0584102024-01-012024-12-31SC0584102022-12-31SC0584102023-01-012023-12-31SC0584102023-12-31SC058410ns15:Scotland2024-01-012024-12-31SC058410ns14:PoundSterling2024-01-012024-12-31SC058410ns10:Director12024-01-012024-12-31SC058410ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31SC058410ns10:SmallEntities2024-01-012024-12-31SC058410ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-31SC058410ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-31SC058410ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31SC058410ns10:FullAccounts2024-01-012024-12-31SC058410ns10:Director22024-01-012024-12-31SC058410ns10:Director32024-01-012024-12-31SC058410ns10:RegisteredOffice2024-01-012024-12-31SC058410ns5:CurrentFinancialInstruments2024-12-31SC058410ns5:CurrentFinancialInstruments2023-12-31SC058410ns5:ShareCapital2024-12-31SC058410ns5:ShareCapital2023-12-31SC058410ns5:RetainedEarningsAccumulatedLosses2024-12-31SC058410ns5:RetainedEarningsAccumulatedLosses2023-12-31SC058410ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-31SC058410ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31SC058410ns5:CurrentFinancialInstruments2024-01-012024-12-31
REGISTERED NUMBER: SC058410 (Scotland)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DOMINPLAN (SCOTLAND) LIMITED

DOMINPLAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC058410)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DOMINPLAN (SCOTLAND) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: I Philp
I A Philp
W L Crozier



REGISTERED OFFICE: 213 St Vincent Street
Glasgow
G2 5QY



REGISTERED NUMBER: SC058410 (Scotland)



ACCOUNTANTS: Bannerman Johnstone Maclay
213 St Vincent Street
Glasgow
G2 5QY



BANKERS: The Royal Bank of Scotland
Commercial Banking - Glasgow
2nd Floor, Kirkstane House
139 St Vincent Street
Glasgow
G2 5JF



SOLICITORS: Wright, Johnston & Mackenzie LLP
302 St Vincent Street
Glasgow
G2 5RZ

DOMINPLAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC058410)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 6,249,871 6,176,571

CURRENT ASSETS
Debtors 5 493,678 345,786
Cash at bank 940,207 970,821
1,433,885 1,316,607
CREDITORS
Amounts falling due within one year 6 3,630,067 3,676,370
NET CURRENT LIABILITIES (2,196,182 ) (2,359,763 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,053,689

3,816,808

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,053,589 3,816,708
SHAREHOLDERS' FUNDS 4,053,689 3,816,808

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 6 June 2025 and were signed on its behalf by:





W L Crozier - Director


DOMINPLAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC058410)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Dominplan (Scotland) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover consists entirely of rental income in the United Kingdom. Revenue is recognised in accordance with the terms of the leases of the investment properties.

Investment property
Investment properties are held at historic cost with no provision for depreciation. No valuation of freehold properties held as investment properties is being carried out which is a departure from the requirements of FRS 102 (Section 1A).

DOMINPLAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC058410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' 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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include certain debtors and cash and bank balances, are initially measured at transaction price including transactions 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 rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
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.

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

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
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 tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

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

DOMINPLAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC058410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. INVESTMENT PROPERTY
Total
£   
COST
At 1 January 2024 6,176,571
Additions 73,300
At 31 December 2024 6,249,871
NET BOOK VALUE
At 31 December 2024 6,249,871
At 31 December 2023 6,176,571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 439,375 289,375
Other debtors 54,303 56,411
493,678 345,786

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 3,049,631 3,130,206
Amounts owed to related undertakings 366,860 356,042
Taxation and social security 46,453 73,291
Other creditors 167,123 116,831
3,630,067 3,676,370

Amounts owed to group and related undertakings are unsecured, interest free and have no fixed date for repayment.

7. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Dominplan Property Co. Limited, a company registered in Scotland. The company's ultimate parent undertaking is I. Philp (Holdings) Limited, a company registered in Scotland.

Mrs I. Philp is considered to be the ultimate controlling party by way of her majority shareholding in the ultimate parent company.