REGISTERED NUMBER: SC166938 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

DOWANHILL TRADING COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H Ferguson

V Ferguson

REGISTERED OFFICE:

Glen Eden

Shore Road

Cove

Helensburgh

G84 0LY

REGISTERED NUMBER:

SC166938 (Scotland)

ACCOUNTANTS:

McDaid & Partners

Stanley House

69/71 Hamilton Road

Motherwell

Lanarkshire

ML1 3DG

FIXED ASSETS

Tangible assets

5

43,340

38,443

Investment property

6

1,456,230

1,446,310

1,499,570

1,484,753

CURRENT ASSETS

Debtors

7

85,949

67,816

Investments

8

14,885

41,585

Cash at bank

11,410

21,788

112,244

131,189

CREDITORS

Amounts falling due within one year

9

98,144

107,316

NET CURRENT ASSETS

14,100

23,873

TOTAL ASSETS LESS CURRENT LIABILITIES

1,513,670

1,508,626

PROVISIONS FOR LIABILITIES

80,546

89,418

NET ASSETS

1,433,124

1,419,208

CAPITAL AND RESERVES

Called up share capital

4

4

Fair value reserve

10

436,671

436,671

Retained earnings

996,449

982,533

1,433,124

1,419,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 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 16 September 2025 and were signed on its behalf by:

H Ferguson - Director

1.	STATUTORY INFORMATION

Dowanhill Trading Company 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Property improvements

-

10% on cost

Plant & machinery

-

25% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33.33% on cost

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.

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.

Basic financial instruments

Trade debtors

Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Cash

Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Property

Plant &

Fixtures

improvements

machinery

& fittings

£

£

£

COST

At 6 April 2024

138,010

95,117

103,637

Additions

-

-

-

At 5 April 2025

138,010

95,117

103,637

DEPRECIATION

At 6 April 2024

127,084

72,645

98,592

Charge for year

2,115

5,618

757

At 5 April 2025

129,199

78,263

99,349

NET BOOK VALUE

At 5 April 2025

8,811

16,854

4,288

At 5 April 2024

10,926

22,472

5,045

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 6 April 2024

72,541

835

410,140

Additions

13,000

2,157

15,157

At 5 April 2025

85,541

2,992

425,297

DEPRECIATION

At 6 April 2024

72,541

835

371,697

Charge for year

1,355

415

10,260

At 5 April 2025

73,896

1,250

381,957

NET BOOK VALUE

At 5 April 2025

11,645

1,742

43,340

At 5 April 2024

-

-

38,443

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

1,446,310

Additions

9,920

At 5 April 2025

1,456,230

NET BOOK VALUE

At 5 April 2025

1,456,230

At 5 April 2024

1,446,310

Fair value at 5 April 2025 is represented by:

£

Valuation in 2019

514,626

Valuation in 2022

(70,000

)

Valuation in 2023

(7,955

)

Cost

1,019,559

1,456,230

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

5.4.25

5.4.24

£

£

Cost

1,019,559

1,009,639

The properties were valued on a fair value basis on 5 April 2025 by Director H Ferguson .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Other debtors

85,949

67,816

8.	CURRENT ASSET INVESTMENTS

5.4.25

5.4.24

£

£

Other

14,885

41,585

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Taxation and social security

41,247

68,944

Other creditors

56,897

38,372

98,144

107,316

10.

RESERVES

Fair

value

reserve

£

At 6 April 2024

and 5 April 2025

436,671

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2025 and 5 April 2024:

5.4.25

5.4.24

£

£

H Ferguson

Balance outstanding at start of year

261

659

Amounts advanced

66,806

80,340

Amounts repaid

(47,020

)

(80,738

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,047

261

Loans to/from director are interest free and repayable upon demand.

12.	RELATED PARTY DISCLOSURES