Duneland Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC174358

Duneland Limited

Filleted Unaudited Financial Statements

30 April 2025

Duneland Limited

Statement of Financial Position

30 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		5,326	5,386

Current assets

Stocks	7	433,769	443,509
Debtors	8	–	38,129
Cash at bank and in hand		198,661	133,001
		---------	---------
		632,430	614,639

Creditors: amounts falling due within one year	9	( 118,657)		( 98,780)
		---------		---------
Net current assets			513,773	515,859
			---------	---------
Total assets less current liabilities			519,099	521,245
			---------	---------
Net assets			519,099	521,245
			---------	---------

Capital and reserves

Called up share capital	337,918	337,918
Profit and loss account	181,181	183,327
	---------	---------
Shareholders funds	519,099	521,245
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2025 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 financial statements 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 financial statements .

Duneland Limited

Statement of Financial Position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 14 October 2025 , and are signed on behalf of the board by:

Mr A L Walker

Director

Company registration number: SC174358

Duneland Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Findhorn Hive 567 West Whins, The Park, Findhorn, Forres, Moray, IV36 3SH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for the sale of serviced plots, goods supplied and services rendered, stated net of discounts.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	20% reducing balance
Office Equipment	-	20% reducing balance

No depreciation was charged on the land held due to land being a non depreciating asset.

Stocks

The balance of stock is work in progress which is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tax on loss

Major components of tax income

	2025	2024
	£	£

Current tax:

Adjustments in respect of prior periods	–	( 25,711)
	----	--------
Tax on loss	–	( 25,711)
	----	--------

6. Tangible assets

	Land	Plant and machinery	Equipment	Total
	£	£	£	£
Cost
At 1 May 2024 and 30 April 2025	5,085	4,562	386	10,033
	-------	-------	----	--------
Depreciation
At 1 May 2024	–	4,300	347	4,647
Charge for the year	–	52	8	60
	-------	-------	----	--------
At 30 April 2025	–	4,352	355	4,707
	-------	-------	----	--------
Carrying amount
At 30 April 2025	5,085	210	31	5,326
	-------	-------	----	--------
At 30 April 2024	5,085	262	39	5,386
	-------	-------	----	--------

7. Stocks

	2025	2024
	£	£
Work in progress	433,769	443,509
	---------	---------

8. Debtors

	2025	2024
	£	£
Other debtors	–	38,129
	----	--------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	15,109	4,467
Other creditors - credit card	48	–
Other creditors	103,500	94,313
	---------	--------
	118,657	98,780
	---------	--------

10. Related party transactions

Fees of £4,075 (2024 - £4,807) were paid to the directors for work done during the year.