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REGISTERED NUMBER: SC383041 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

DRUMBAIN ENERGY LIMITED

DRUMBAIN ENERGY LIMITED (REGISTERED NUMBER: SC383041)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRUMBAIN ENERGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: J R Crawford
Mrs C S W Crawford





SECRETARY: J R Crawford





REGISTERED OFFICE: Dowhill Farm
Turnberry
GIRVAN
Ayrshire
KA26 9JP





REGISTERED NUMBER: SC383041 (Scotland)





ACCOUNTANTS: Stewart Gilmour & Co.
Chartered Accountants
24 Beresford Terrace
Ayr
KA7 2EG

DRUMBAIN ENERGY LIMITED (REGISTERED NUMBER: SC383041)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 675,000 -
Tangible assets 5 1,137,233 22,498
Investments 6 1,824,929 1,824,929
Investment property 7 - 285,592
3,637,162 2,133,019

CURRENT ASSETS
Stocks 173,594 250
Debtors 8 69,070 1,534,713
Cash at bank and in hand 27,409 3,967
270,073 1,538,930
CREDITORS
Amounts falling due within one year 9 395,643 21,495
NET CURRENT (LIABILITIES)/ASSETS (125,570 ) 1,517,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,511,592

3,650,454

CREDITORS
Amounts falling due after more than one year 10 1,624,963 1,784,603
NET ASSETS 1,886,629 1,865,851

CAPITAL AND RESERVES
Called up share capital 11 4 4
Fair value reserve 12 - 54,177
Retained earnings 12 1,886,625 1,811,670
SHAREHOLDERS' FUNDS 1,886,629 1,865,851

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

DRUMBAIN ENERGY LIMITED (REGISTERED NUMBER: SC383041)

BALANCE SHEET - continued
31 AUGUST 2024


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 31 August 2025 and were signed on its behalf by:





J R Crawford - Director


DRUMBAIN ENERGY LIMITED (REGISTERED NUMBER: SC383041)

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

1. STATUTORY INFORMATION

Drumbain Energy 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.


DRUMBAIN ENERGY LIMITED (REGISTERED NUMBER: SC383041)

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

2. ACCOUNTING POLICIES - continued
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 year 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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
Additions 2
Revaluations 749,998
At 31 August 2024 750,000
AMORTISATION
Charge for year 75,000
At 31 August 2024 75,000
NET BOOK VALUE
At 31 August 2024 675,000

Cost or valuation at 31 August 2024 is represented by:

Goodwill
£   
Valuation in 2025 750,000

DRUMBAIN ENERGY LIMITED (REGISTERED NUMBER: SC383041)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 - 65,143 65,143
Additions 949,765 184,813 1,134,578
Disposals - (2,003 ) (2,003 )
At 31 August 2024 949,765 247,953 1,197,718
DEPRECIATION
At 1 September 2023 - 42,645 42,645
Charge for year 4,817 13,023 17,840
At 31 August 2024 4,817 55,668 60,485
NET BOOK VALUE
At 31 August 2024 944,948 192,285 1,137,233
At 31 August 2023 - 22,498 22,498

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023
and 31 August 2024 1,824,929
NET BOOK VALUE
At 31 August 2024 1,824,929
At 31 August 2023 1,824,929

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 285,592
Disposals (285,592 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 285,592

DRUMBAIN ENERGY LIMITED (REGISTERED NUMBER: SC383041)

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

7. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2019 52,095
Valuation in 2020 (16,090 )
Valuation in 2021 2,000
Valuation in 2022 21,000
Valuation in 2023 (4,828 )
Valuation in 2024 (54,177 )

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 230,995 230,995

Investment properties were valued on an open market basis on 31 August 2023 by directors .

8. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 22,180 -
VAT 3,584 -
25,764 -

Amounts falling due after more than one year:
Loan to Dowhill Country Fayre (1,344 ) 723,734
Loan to Dowhill Farm 45,994 581,729
Loan to Seafield (1,344 ) 229,250
43,306 1,534,713

Aggregate amounts 69,070 1,534,713

DRUMBAIN ENERGY LIMITED (REGISTERED NUMBER: SC383041)

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

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,000 -
Other loans 81,932 -
Dalbeattie finance loan 14,250 -
Hire purchase contracts 25,330 -
Trade creditors 148,906 1,290
Tax 280 (17 )
Directors' current accounts 61,198 14,224
Accruals and deferred income 35,746 -
Accrued expenses 1 5,998
395,643 21,495

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 18,791 20,721
Bank loans more 5 yr by instal - 140,967
Barclays Bounce Back Loan 69,126 -
Bank of Scotland Loan 1,344,809 1,344,809
Bank of Scotland loan 192,237 278,106
1,624,963 1,784,603

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 140,967
Barclays Bounce Back Loan 69,126 -
Bank of Scotland Loan 1,344,809 1,344,809
Bank of Scotland loan 192,237 278,106
1,606,172 1,763,882

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1 4 4

DRUMBAIN ENERGY LIMITED (REGISTERED NUMBER: SC383041)

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

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 1,811,670 54,177 1,865,847
Profit for the year 74,955 74,955
Fair value revaluation - (54,177 ) (54,177 )
At 31 August 2024 1,886,625 - 1,886,625

13. RELATED PARTY DISCLOSURES

Throughout the year to 31st August 2024 the company was under the immediate and ultimate control of the directors. As at 31st August 2024 the directors were owed £61,198 .(2023 £14,224)