REGISTERED NUMBER: SC088199 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DAVID FINLAYSON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

David Finlayson

Janette Isobel Mary Finlayson

SECRETARY:

Janette Isobel Mary Finlayson

REGISTERED OFFICE:

3 MacGregor Court

Oban

Argyll

PA34 3DJ

REGISTERED NUMBER:

SC088199 (Scotland)

ACCOUNTANTS:

R A Clement Associates

Chartered Accountants

Argyll Square

Oban

Argyll

PA34 4AZ

FIXED ASSETS

Tangible assets

4

106

133

Investment property

5

81,003

83,797

81,109

83,930

CURRENT ASSETS

Debtors

6

-

4,000

Cash at bank

19,175

15,125

19,175

19,125

CREDITORS

Amounts falling due within one year

7

29,114

30,507

NET CURRENT LIABILITIES

(9,939

)

(11,382

)

TOTAL ASSETS LESS CURRENT LIABILITIES

71,170

72,548

PROVISIONS FOR LIABILITIES

20

26

NET ASSETS

71,150

72,522

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

61,150

62,522

SHAREHOLDERS' FUNDS

71,150

72,522

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 5 September 2025 and were signed on its behalf by:

David Finlayson - Director

1.	STATUTORY INFORMATION

David Finlayson 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.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Investment property

Investment property is initially measured at cost. After initial recognition, investment property is measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is being provided at 2% per annum to write off the investment property 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).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

86,442

DEPRECIATION

At 1 April 2024

86,309

Charge for year

27

At 31 March 2025

86,336

NET BOOK VALUE

At 31 March 2025

106

At 31 March 2024

133

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2024

and 31 March 2025

139,678

DEPRECIATION

At 1 April 2024

55,881

Charge for year

2,794

At 31 March 2025

58,675

NET BOOK VALUE

At 31 March 2025

81,003

At 31 March 2024

83,797

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

4,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

2,686

2,788

Other creditors

26,428

27,719

29,114

30,507