IRIS Accounts Production v25.3.0.601 SC685728 Board of Directors 1.2.24 31.1.25 31.1.25 0 0 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC685728 2024-01-31 SC685728 2025-01-31 SC685728 2024-02-01 2025-01-31 SC685728 2023-01-31 SC685728 2023-02-01 2024-01-31 SC685728 2024-01-31 SC685728 ns15:Scotland 2024-02-01 2025-01-31 SC685728 ns14:PoundSterling 2024-02-01 2025-01-31 SC685728 ns10:Director1 2024-02-01 2025-01-31 SC685728 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC685728 ns10:SmallEntities 2024-02-01 2025-01-31 SC685728 ns10:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 SC685728 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 SC685728 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 SC685728 ns10:FullAccounts 2024-02-01 2025-01-31 SC685728 ns10:Director2 2024-02-01 2025-01-31 SC685728 ns10:RegisteredOffice 2024-02-01 2025-01-31 SC685728 ns5:CurrentFinancialInstruments 2025-01-31 SC685728 ns5:CurrentFinancialInstruments 2024-01-31 SC685728 ns5:Non-currentFinancialInstruments 2025-01-31 SC685728 ns5:Non-currentFinancialInstruments 2024-01-31 SC685728 ns5:ShareCapital 2025-01-31 SC685728 ns5:ShareCapital 2024-01-31 SC685728 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 SC685728 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 SC685728 ns5:LandBuildings 2024-01-31 SC685728 ns5:LandBuildings 2024-02-01 2025-01-31 SC685728 ns5:LandBuildings 2025-01-31 SC685728 ns5:LandBuildings 2024-01-31 SC685728 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 SC685728 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-01-31 SC685728 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2025-01-31 SC685728 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-01-31 SC685728 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-01-31 SC685728 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-01-31 SC685728 ns5:Secured 2025-01-31 SC685728 ns5:Secured 2024-01-31

REGISTERED NUMBER: SC685728 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

MAINS OF DYCE PROPERTY LTD

MAINS OF DYCE PROPERTY LTD (REGISTERED NUMBER: SC685728)

Contents of the Financial Statements

FOR THE YEAR ENDED 31 JANUARY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

MAINS OF DYCE PROPERTY LTD

Company Information

FOR THE YEAR ENDED 31 JANUARY 2025

| DIRECTORS: | Mrs D K Hutchison

| S Hutchison

| REGISTERED OFFICE: | 1st Floor, 5 Abercrombie Court

| Prospect Road

| Arnhall Business Park

| Westhill

| Aberdeenshire

| AB32 6FE

| REGISTERED NUMBER: | SC685728 (Scotland)

| ACCOUNTANTS: | Fyfe Moir & Associates

| 1st Floor, 5 Abercrombie Crt

| Prospect Road,

| Westhill

| Aberdeenshire

| Grampian

| AB32 6FE

MAINS OF DYCE PROPERTY LTD (REGISTERED NUMBER: SC685728)

Balance Sheet

31 JANUARY 2025

| 31.1.25 | 31.1.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 180,478 |  | 327,373 |  |

CURRENT ASSETS

Cash at bank | 204 |  | 737 |  |

CREDITORS

Amounts falling due within one year | 5 | 89,453 |  | 155,352 |  |

NET CURRENT LIABILITIES | (89,249 | ) | (154,615 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 91,229 |  | 172,758 |  |

CREDITORS

Amounts falling due after more than one year | 6 | 102,553 |  | 170,718 |  |

NET (LIABILITIES)/ASSETS | (11,324 | ) | 2,040 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (11,424 | ) | 1,940 |  |

SHAREHOLDERS' FUNDS | (11,324 | ) | 2,040 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

MAINS OF DYCE PROPERTY LTD (REGISTERED NUMBER: SC685728)

Balance Sheet - continued

31 JANUARY 2025

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 21 October 2025 and were signed on its behalf by:

Mrs D K Hutchison - Director

MAINS OF DYCE PROPERTY LTD (REGISTERED NUMBER: SC685728)

Notes to the Financial Statements

FOR THE YEAR ENDED 31 JANUARY 2025

1. | STATUTORY INFORMATION

| Mains of Dyce Property Ltd 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.

| Tangible fixed assets

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

| 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.

3. | EMPLOYEES AND DIRECTORS

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

MAINS OF DYCE PROPERTY LTD (REGISTERED NUMBER: SC685728)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 JANUARY 2025

4. | TANGIBLE FIXED ASSETS

| Freehold

| property

£ |

| COST

| At 1 February 2024 | 327,373 |  |

| Disposals | (146,895 | ) |

| At 31 January 2025 | 180,478 |  |

| NET BOOK VALUE

| At 31 January 2025 | 180,478 |  |

| At 31 January 2024 | 327,373 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Bank loans and overdrafts (see note 7) | 3,611 |  | 4,921 |  |

| Trade creditors | 91 |  | 1,206 |  |

| Tax | 320 |  | 672 |  |

| Other creditors | 566 |  | 566 |  |

| Directors' current accounts | 83,725 |  | 147,267 |  |

| Accrued expenses | 1,140 |  | 720 |  |

89,453 |  | 155,352 |  |

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Bank loans (see note 7) | 102,553 |  | 170,718 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 86,334 |  | 149,019 |  |

7. | LOANS

| An analysis of the maturity of loans is given below:

| 31.1.25 |  | 31.1.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 3,611 |  | 4,921 |  |

MAINS OF DYCE PROPERTY LTD (REGISTERED NUMBER: SC685728)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 JANUARY 2025

7. | LOANS - continued

| 31.1.25 |  | 31.1.24

£ | £ |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 3,780 |  | 5,115 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 12,439 |  | 16,584 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 86,334 |  | 149,019 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.1.25 |  | 31.1.24

£ | £ |

| Bank loans | 106,164 |  | 175,639 |  |

| A Floating Charge was created on 21st May 2021 in favour of The Mortgage Works (UK) PLC against property 39 Tornashean Gardens, Dyce, Aberdeen.

| A Floating Charge was created on 13th July 2022 in favour of The Mortgage Works (UK) PLC against 31 Wagley Place, Bucksburn, Aberdeen.

| A Floating Charge was created on 11th December 2023 in favour of The Mortgage Works (UK) PLC covering all and whole of the dwellinghouse 16 Stronsay Crescent, Aberdeen.

| A Floating Charge was created on 12th January 2024 in favour of the Mortgage Works (UK) PLC against 16 Stronsay Crescent, Aberdeen.