REGISTERED NUMBER: SC027260 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DIVINE & GIBSON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Murray Liddle

Diane Elizabeth Liddle

SECRETARY:

Murray Liddle

REGISTERED OFFICE:

4 Corsehill Place

Ayr

KA7 2SU

REGISTERED NUMBER:

SC027260 (Scotland)

ACCOUNTANTS:

Stewart Gilmour & Co.

Chartered Accountants

24 Beresford Terrace

Ayr

KA7 2EG

BANKERS:

Bank of Scotland

57 Dockhead Street

Saltcoats

Ayrshire

KA21 5EY

FIXED ASSETS

Tangible assets

4

79,092

81,870

Investments

5

1,241,253

1,303,119

1,320,345

1,384,989

CURRENT ASSETS

Debtors

6

1,277

1,138

Cash at bank

27,943

16,002

29,220

17,140

CREDITORS

Amounts falling due within one year

7

25,706

21,436

NET CURRENT ASSETS/(LIABILITIES)

3,514

(4,296

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,323,859

1,380,693

PROVISIONS FOR LIABILITIES

33,645

36,008

NET ASSETS

1,290,214

1,344,685

CAPITAL AND RESERVES

Called up share capital

9

460

460

Other reserves

22,276

22,276

Retained earnings

1,267,478

1,321,949

SHAREHOLDERS' FUNDS

1,290,214

1,344,685

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 16 December 2025 and were signed on its behalf by:

Murray Liddle - Director

1.	STATUTORY INFORMATION

Divine & Gibson 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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Freehold property

-

2% on cost

Computer equipment

-

15% on reducing balance

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.

Investments

Fixed and current asset investments are valued at market value. For listed investments, market value is based on the closing mid-market price on a recognised stock exchange.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

Plant and

buildings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

135,754

1,300

137,054

DEPRECIATION

At 1 April 2024

54,300

884

55,184

Charge for year

2,715

63

2,778

At 31 March 2025

57,015

947

57,962

NET BOOK VALUE

At 31 March 2025

78,739

353

79,092

At 31 March 2024

81,454

416

81,870

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

1,303,119

Additions

297,081

Disposals

(284,445

)

Impairments

(74,502

)

At 31 March 2025

1,241,253

NET BOOK VALUE

At 31 March 2025

1,241,253

At 31 March 2024

1,303,119

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2025

1,241,253

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,277

1,138

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

17,266

15,706

Other creditors

8,440

5,730

25,706

21,436

8.	SECURED DEBTS

The bank overdraft facilities are secured by a bond and floating charge over the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

456

Ordinary

£1

456

456

4

Ordinary 'A' to 'D'

£1

4

4

460

460

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Liddle family.

Directors Murray Liddle, his wife Diane Liddle and their sons Scott Liddle and Christopher Liddle exercise immediate and ultimate control of the company as they hold the entire issued share capital between them.