Silverfin false false 31/10/2024 01/11/2023 31/10/2024 MR D W Deane 01/11/2023 20/10/2023 Mrs A M Hadden 01/11/2023 Mr N S Hadden 01/11/2023 02 July 2025 The principal activity of the company during the financial year was that of a holding company. SC786543 2024-10-31 SC786543 bus:Director1 2024-10-31 SC786543 bus:Director2 2024-10-31 SC786543 bus:Director3 2024-10-31 SC786543 core:CurrentFinancialInstruments 2024-10-31 SC786543 core:Non-currentFinancialInstruments 2024-10-31 SC786543 core:ShareCapital 2024-10-31 SC786543 core:RetainedEarningsAccumulatedLosses 2024-10-31 SC786543 2023-10-31 SC786543 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-10-31 SC786543 bus:OrdinaryShareClass1 2024-10-31 SC786543 2023-11-01 2024-10-31 SC786543 bus:FilletedAccounts 2023-11-01 2024-10-31 SC786543 bus:SmallEntities 2023-11-01 2024-10-31 SC786543 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 SC786543 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC786543 bus:Director1 2023-11-01 2024-10-31 SC786543 bus:Director2 2023-11-01 2024-10-31 SC786543 bus:Director3 2023-11-01 2024-10-31 SC786543 core:Non-currentFinancialInstruments 2023-11-01 2024-10-31 SC786543 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC786543 (Scotland)

DONADDEN LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH THE REGISTRAR

DONADDEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024

Contents

DONADDEN LIMITED

BALANCE SHEET

AS AT 31 OCTOBER 2024
DONADDEN LIMITED

BALANCE SHEET (continued)

AS AT 31 OCTOBER 2024
Note 2024
£
Fixed assets
Investment property 3 170,105
Investments 4 100
170,205
Current assets
Debtors 5 13,833
Cash at bank and in hand 1,017,812
1,031,645
Creditors: amounts falling due within one year 6 ( 190,834)
Net current assets 840,811
Total assets less current liabilities 1,011,016
Creditors: amounts falling due after more than one year 7 ( 2,500)
Net assets 1,008,516
Capital and reserves
Called-up share capital 8 100
Profit and loss account 1,008,416
Total shareholders' funds 1,008,516

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Donadden Limited (registered number: SC786543) were approved and authorised for issue by the Board of Directors on 02 July 2025. They were signed on its behalf by:

Mr N S Hadden
Director
Mrs A M Hadden
Director
DONADDEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
DONADDEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.

General information and basis of accounting

Donadden Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 8 Chanonry Street, Elgin, IV30 6NF, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, 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 rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024
Number
Monthly average number of persons employed by the Company during the year, including directors 2

3. Investment property

Investment property
£
Valuation
As at 01 November 2023 0
Additions 170,105
As at 31 October 2024 170,105

4. Fixed asset investments

2024
£
Other investments and loans 100

5. Debtors

2024
£
Other debtors 13,833

6. Creditors: amounts falling due within one year

2024
£
Amounts owed to own subsidiaries 186,992
Taxation and social security 3,502
Other creditors 340
190,834

7. Creditors: amounts falling due after more than one year

2024
£
Other creditors 2,500

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2024
£
Amounts Owed to Subsidiary Company 186,992

Transactions with the entity's directors

Advances

Advances were made in the year totalling £198,806. Interest has been charged on the advances at a rate of 2.25%. Repayments for the year totalled £184,973, therefore, at 31 October 2024, the balance due from the directors to the company is £13,833. There are no fixed terms of repayment on this balance.