REGISTERED NUMBER: SC399284 (Scotland)

Financial Statements for the Year Ended 30 December 2024

for

D4 Development (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Stuart Ian Duncan

Ms Kathleen Margaret Dykes Duncan

Mr Stephen David Jupp

REGISTERED OFFICE:

Marywell Park Office

Checkbar, Nigg

Aberdeen

United Kingdom

AB12 4LP

REGISTERED NUMBER:

SC399284 (Scotland)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Tangible assets

4

1,672,814

1,718,068

Investments

5

2,079

3,999

1,674,893

1,722,067

CURRENT ASSETS

Stocks

1,423,808

1,423,808

Debtors

6

30,865

18,563

Cash at bank

33,760

46,206

1,488,433

1,488,577

CREDITORS

Amounts falling due within one year

7

28,036

35,747

NET CURRENT ASSETS

1,460,397

1,452,830

TOTAL ASSETS LESS CURRENT LIABILITIES

3,135,290

3,174,897

PROVISIONS FOR LIABILITIES

-

907

NET ASSETS

3,135,290

3,173,990

CAPITAL AND RESERVES

Called up share capital

500

500

Other reserves

967,570

967,570

Retained earnings

2,167,220

2,205,920

3,135,290

3,173,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 2 September 2025 and were signed on its behalf by:

Mr Stuart Ian Duncan - Director

1.	STATUTORY INFORMATION

D4 Development (UK) 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 31 December 2023

2,019,044

32,941

29,425

Additions

-

-

-

Disposals

-

(1,669

)

(1,869

)

At 30 December 2024

2,019,044

31,272

27,556

DEPRECIATION

At 31 December 2023

316,328

26,716

21,734

Charge for year

40,381

1,556

1,923

Eliminated on disposal

-

(1,603

)

(1,565

)

At 30 December 2024

356,709

26,669

22,092

NET BOOK VALUE

At 30 December 2024

1,662,335

4,603

5,464

At 30 December 2023

1,702,716

6,225

7,691

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 31 December 2023

10,995

1,350

2,093,755

Additions

-

107

107

Disposals

(10,995

)

-

(14,533

)

At 30 December 2024

-

1,457

2,079,329

DEPRECIATION

At 31 December 2023

9,986

923

375,687

Charge for year

-

122

43,982

Eliminated on disposal

(9,986

)

-

(13,154

)

At 30 December 2024

-

1,045

406,515

NET BOOK VALUE

At 30 December 2024

-

412

1,672,814

At 30 December 2023

1,009

427

1,718,068

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 31 December 2023

3,999

Revaluations

(1,920

)

At 30 December 2024

2,079

NET BOOK VALUE

At 30 December 2024

2,079

At 30 December 2023

3,999

Cost or valuation at 30 December 2024 is represented by:

Other

investments

£

Valuation in 2024

(1,920

)

Cost

3,999

2,079

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Trade debtors

25,958

15,126

Other debtors

4,907

3,437

30,865

18,563

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Bank loans and overdrafts

109

-

Trade creditors

2,641

17,243

Taxation and social security

5,813

1,341

Other creditors

19,473

17,163

28,036

35,747

8.	CONTINGENT LIABILITIES

At the year end, the company was in a joint venture agreement whereby the joint party would gain a third of the share of profit if the venture is successfully completed.

9.	RELATED PARTY DISCLOSURES

Included in other creditors is £1,711 (2023 - £6,599) which is owed to the director of the company. This loan is unsecured, interest free basis and is repayable on demand.

No other transactions with related parties were undertaken such as are required to be disclosed under Section 1A Small Entities of Financial Reporting Standard 102.