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No description of principal activity
2023-06-13
Sage Accounts Production Advanced 2024 - FRS102_2024
58,024
58,024
5,802
5,802
52,222
xbrli:pure
xbrli:shares
iso4217:GBP
SC772526
2023-06-13
2024-06-30
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COMPANY REGISTRATION NUMBER:
SC772526
|
Dine Colinton Road Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Dine Colinton Road Limited |
|
Period from 13 June 2023 to 30 June 2024
|
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
|
|
|
Statement of financial position |
2 |
|
|
|
Notes to the financial statements |
4 |
|
|
|
Dine Colinton Road Limited |
|
|
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Dine Colinton Road Limited |
|
Period from 13 June 2023 to 30 June 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 Dine Colinton Road Limited for the period ended 30 June 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Dine Colinton Road Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Dine Colinton Road Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dine Colinton Road Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Dine Colinton Road Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Dine Colinton Road Limited. You consider that Dine Colinton Road 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 financial statements of Dine Colinton Road 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 financial statements.
GILLILAND & COMPANY
Chartered Accountants
216 West George Street
Glasgow
G2 2PQ
13 June 2025
|
Dine Colinton Road Limited |
|
|
Statement of Financial Position |
|
30 June 2024
Fixed assets
|
Intangible assets |
5 |
|
52,222 |
|
Tangible assets |
6 |
|
113,780 |
|
|
--------- |
|
|
166,002 |
|
|
|
|
Current assets
|
Stocks |
10,702 |
|
|
Debtors |
7 |
1,437 |
|
|
Cash at bank and in hand |
37,131 |
|
|
-------- |
|
|
49,270 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
245,758 |
|
|
--------- |
|
|
Net current liabilities |
|
196,488 |
|
|
--------- |
|
Total assets less current liabilities |
|
(
30,486) |
|
|
-------- |
|
Net liabilities |
|
(
30,486) |
|
|
-------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
|
Profit and loss account |
|
(
30,586) |
|
|
-------- |
|
Shareholders deficit |
|
(
30,486) |
|
|
-------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 June 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 financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Dine Colinton Road Limited |
|
|
Statement of Financial Position (continued) |
|
30 June 2024
These financial statements were approved by the
board of directors
and authorised for issue on
13 June 2025
, and are signed on behalf of the board by:
Company registration number:
SC772526
|
Dine Colinton Road Limited |
|
|
Notes to the Financial Statements |
|
Period from 13 June 2023 to 30 June 2024
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 8 Murrayfield Place, Edinburgh, Midlothian, EH12 6AA, Scotland.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Intangible Fixed Asset |
- |
10% straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures and fittings |
- |
25% reducing balance |
|
Equipment |
- |
25% reducing balance |
|
|
|
|
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
24
.
5.
Intangible assets
|
Intangible Fixed Asset |
|
£ |
|
Cost |
|
|
Additions |
58,024 |
|
-------- |
|
At 30 June 2024 |
58,024 |
|
-------- |
|
Amortisation |
|
|
Charge for the period |
5,802 |
|
-------- |
|
At 30 June 2024 |
5,802 |
|
-------- |
|
Carrying amount |
|
|
At 30 June 2024 |
52,222 |
|
-------- |
|
|
6.
Tangible assets
|
Fixtures and fittings |
Equipment |
Total |
|
£ |
£ |
£ |
|
Cost |
|
|
|
|
At 13 June 2023 |
– |
– |
– |
|
Additions |
134,222 |
2,167 |
136,389 |
|
--------- |
------- |
--------- |
|
At 30 June 2024 |
134,222 |
2,167 |
136,389 |
|
--------- |
------- |
--------- |
|
Depreciation |
|
|
|
|
At 13 June 2023 |
– |
– |
– |
|
Charge for the period |
22,327 |
282 |
22,609 |
|
--------- |
------- |
--------- |
|
At 30 June 2024 |
22,327 |
282 |
22,609 |
|
--------- |
------- |
--------- |
|
Carrying amount |
|
|
|
|
At 30 June 2024 |
111,895 |
1,885 |
113,780 |
|
--------- |
------- |
--------- |
|
|
|
|
7.
Debtors
|
30 Jun 24 |
|
£ |
|
Prepayments and accrued income |
1,116 |
|
Other debtors |
321 |
|
------- |
|
1,437 |
|
------- |
|
|
8.
Creditors:
amounts falling due within one year
|
30 Jun 24 |
|
£ |
|
Trade creditors |
27,414 |
|
Accruals and deferred income |
1,561 |
|
Social security and other taxes |
6,398 |
|
Director loan accounts |
45,000 |
|
Other creditors |
165,385 |
|
--------- |
|
245,758 |
|
--------- |
|
|
9.
Directors' advances, credits and guarantees
At 30 June 2024, the company owed the directors £45,000. The loan is unsecured, interest free and has no fixed date of repayment.
10.
Related party transactions
Included within other creditors there is a balance owed to Dine Murrayfield Limited of £145,000. A company the directors have an interest in.