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COMPANY REGISTRATION NUMBER: 09890876
South Drumochter Ltd
Filleted Unaudited Accounts
For the year ended
30 November 2024
South Drumochter Ltd
Statement of Financial Position
30 November 2024
2024
2023
(restated)
£
£
Fixed assets
13,303,752
14,379,815
-------------
-------------
Current assets
4,606,635
3,411,866
Creditors: amounts falling due within one year
140,448
139,892
-------------
-------------
Net current assets
4,466,187
3,271,974
-------------
-------------
Total assets less current liabilities
17,769,939
17,651,789
Creditors: amounts falling due after more than one year
5,000,000
5,000,000
-------------
-------------
12,769,939
12,651,789
-------------
-------------
Capital and reserves
12,769,939
12,651,789
-------------
-------------
Notes to the accounts
1. Other financial commitments
The company has a capital commitment of £936,686 (2023: £1,575,335) for funding provided to various Limited Partnerships that has not been called up by the General Partner of each of the Limited Partnerships at year end.
2. Prior year adjustment
£
2023 reserves as previously stated
12,050,659
Prior year adjustment - 2022 distribution reclassified as income
538,555
Prior year adjustment-2023 distribution reclassified as income
62,575
-------------
2023 reserves as restated
12,651,789
-------------
During the year, one of the LP fund managers advised that funds previously distributed as a return of capital should have been classified as investment income. The accounts have been updated to reflect this reclassification.
For the year ending 30 November 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 accounts for the year 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 accounts .
These accounts have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These accounts were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:
J A Findlay
J G Morton
Director
Director
Company registration number: 09890876
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 50 Chelsea Square, London, SW3 6LH.