George Davie & Sons Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC019093

George Davie & Sons Limited

Filleted Unaudited Financial Statements

31 March 2025

George Davie & Sons Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Current assets

Debtors	6	217	1,070,540
Cash at bank and in hand		477,411	34,851
		---------	------------
		477,628	1,105,391

Creditors: amounts falling due within one year	7	474,300	4,449
		---------	------------
Net current assets		3,328	1,100,942
		-------	------------
Total assets less current liabilities		3,328	1,100,942

Provisions

Other provisions	–	( 10,000)
	-------	------------
Net assets	3,328	1,090,942
	-------	------------

Capital and reserves

Called up share capital	1,268	126,782
Share premium account	–	486,229
Capital redemption reserve	–	45,254
Other reserves	–	12,000
Profit and loss account	2,060	420,677
	-------	------------
Shareholders funds	3,328	1,090,942
	-------	------------

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 comprehensive income has not been delivered.

For the year ending 31 March 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 .

George Davie & Sons Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 11 September 2025 , and are signed on behalf of the board by:

C A Crichton, M.C.S.I.	G C Mitchell BSc MRICS MIRPM
Director	Director

Company registration number: SC019093

George Davie & Sons Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is c/o Nelson Gilmour Smith, Mercantile Chambers, 53 Bothwell Street, Glasgow, G2 6TB.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. The company only holds basic financial instruments, which comprise cash and cash equivalents, trade and other debtors, loans, trade and other creditors, and borrowings. Basic financial instruments are initially recognised at the transaction , unless the arrangement constitutes a financing transaction, where it is 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

Reconciliation of tax income

The tax assessed on the loss on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 19 % (2024: 19 %).

	2025	2024
	£	£
Loss on ordinary activities before taxation	( 22,614)	( 8,092)
	--------	-------
Loss on ordinary activities by rate of tax	( 4,297)	( 1,538)
Effect of expenses not deductible for tax purposes	291	906
Unused tax losses	4,006	632
	--------	-------
Tax on loss	–	–
	--------	-------

6. Debtors

	2025	2024
	£	£
Other debtors	217	1,070,540
	----	------------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	–	470,000
	----	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	465,000	–
Corporation tax	–	165
Other creditors	9,300	4,284
	---------	-------
	474,300	4,449
	---------	-------

8. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	–	1,070,000
	----	------------

9. Controlling party

At the balance sheet date the company was controlled by the Directors .