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

COMPANY REGISTRATION NUMBER: 01349961

Duntulm Limited

Filleted Unaudited Financial Statements

For the period ended

31 December 2024

Duntulm Limited

Statement of Financial Position

31 December 2024

	31 Dec 24		5 Apr 24
Note	£	£	£	£

Fixed assets

Intangible assets	4	4,062	4,490
Tangible assets	5	153,925	129,660
Investments	6	500	500
		----------	----------
		158,487	134,650

Current assets

Debtors	7	19,948	10,099
Cash at bank and in hand		252	3,323
		--------	--------
		20,200	13,422

Creditors: amounts falling due within one year	8	( 44,022)		( 43,692)
		--------		--------
Net current liabilities			( 23,822)		( 30,270)
			----------		----------
Total assets less current liabilities			134,665		104,380

Creditors: amounts falling due after more than one year	9	( 139,859)	( 111,528)
		----------	----------
Net liabilities		( 5,194)	( 7,148)
		----------	----------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 5,294)	( 7,248)
	-------	-------
Shareholders funds	( 5,194)	( 7,148)
	-------	-------

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 income statement has not been delivered.

For the period ending 31 December 2024 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 period 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 .

Duntulm Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

Mr S A B Macdonald

Director

Company registration number: 01349961

Duntulm Limited

Notes to the Financial Statements

Period from 6 April 2024 to 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Townends Accountants LLP, Goole, East Yorkshire, DN14 5DX.

2. Accounting policies

(a) Basis of preparation

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

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. These financial statements have been prepared for the period from 6 April 2024 to 31 December 2024. The reason for the short period of accounts is to align the accounting period with the season of trading. Therefore the comparatives are not entirely comparable.

(b) Going concern

The UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. The Statement of financial position at 31 December 2024 shows net current liabilities. The directors have provided loan finance to the company in the sum of £101,354. The directors have confirmed this support will continue for the foreseeable future and will, where necessary, be increased to enable the company to continue normal operations. The accounts are therefore prepared on a going concern basis. The directors have therefore prepared these financial statements on a going concern basis.

(c) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from pitch rents is recognised on the date of the customers stay. Revenue from the sale of goods is recognised at the point of sale to the customer.

(d) Current & deferred tax

The taxation expense represents the aggregate amount of current and deferred 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 be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date . Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference .

(e) Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

(f) Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Computer software	-	10% reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

(g) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(h) 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:

Property Improvements	-	2% Straight line
Plant & Machinery	-	10% reducing balance
Motor Vehicles	-	20% reducing balance

(i) Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

(j) Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

(k) 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. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(l) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

3. Employee numbers

The average number of persons employed by the company during the period amounted to 5 (2024: 5 ).

4. Intangible assets

	Computer software
	£
Cost
At 6 April 2024 and 31 December 2024	5,985
	-------
Amortisation
At 6 April 2024	1,495
Charge for the period	428
	-------
At 31 December 2024	1,923
	-------
Carrying amount
At 31 December 2024	4,062
	-------
At 5 April 2024	4,490
	-------

5. Tangible assets

	Impr'ts to property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 6 April 2024	57,670	172,588	6,450	236,708
Additions	28,350	1,419	–	29,769
	--------	----------	-------	----------
At 31 December 2024	86,020	174,007	6,450	266,477
	--------	----------	-------	----------
Depreciation
At 6 April 2024	1	100,840	6,207	107,048
Charge for the period	–	5,468	36	5,504
	--------	----------	-------	----------
At 31 December 2024	1	106,308	6,243	112,552
	--------	----------	-------	----------
Carrying amount
At 31 December 2024	86,019	67,699	207	153,925
	--------	----------	-------	----------
At 5 April 2024	57,669	71,748	243	129,660
	--------	----------	-------	----------

6. Investments

	Investments
	£
Cost
At 6 April 2024 and 31 December 2024	500
	----
Impairment
At 6 April 2024 and 31 December 2024	–
	----

Carrying amount
At 31 December 2024	500
	----
At 5 April 2024	500
	----

7. Debtors

	31 Dec 24	5 Apr 24
	£	£
Other debtors	19,948	10,099
	--------	--------

8. Creditors: amounts falling due within one year

	31 Dec 24	5 Apr 24
	£	£
Bank loans and overdrafts	8,708	4,109
Trade creditors	724	10,759
Social security and other taxes	1,838	1,167
Amounts due from related undertakings	13,675	13,675
Other creditors	19,077	13,982
	--------	--------
	44,022	43,692
	--------	--------

Hire purchase liabilities are secured on the associated asset.

9. Creditors: amounts falling due after more than one year

	31 Dec 24	5 Apr 24
	£	£
Bank loans and overdrafts	5,869	10,578
Directors loan accounts	101,354	86,367
Other creditors	32,636	14,583
	----------	----------
	139,859	111,528
	----------	----------

Hire purchase liabilities are secured on the associated asset.

10. Related party transactions

During the period, the company was in receipt of loans from the directors . No interest was charged on the loans in the period and the loans are not repayable before 31 December 2025 . At the period end date the balance owing to the directors totalled £ 101,354 (year ended 5 April 2024 - £ 86,367 ).