REGISTERED NUMBER: SC759143 (Scotland)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Dalguise Fishings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Smellie

R Smellie

G M Smellie

SECRETARY:

REGISTERED OFFICE:

Dalguise House

Daguise

Dunkeld

PH8 0JX

REGISTERED NUMBER:

SC759143 (Scotland)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

4

396,955

389,774

CURRENT ASSETS

Cash at bank

1,317

15,572

CREDITORS

Amounts falling due within one year

5

(420,474

)

(417,057

)

NET CURRENT LIABILITIES

(419,157

)

(401,485

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(22,202

)

(11,711

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(22,205

)

(11,714

)

(22,202

)

(11,711

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 January 2026 and were signed on its behalf by:

S Smellie - Director

1.	STATUTORY INFORMATION

Dalguise Fishings 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.

The company is reliant on the support of the directors. It is the intention of the directors to support the company therefore the accounts have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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% reducing balance

Computer Equipment - 20% reducing balance

Motor Vehicles - 20% reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2024

365,678

30,120

395,798

Additions

-

15,000

15,000

At 28 February 2025

365,678

45,120

410,798

DEPRECIATION

At 1 March 2024

-

6,024

6,024

Charge for year

-

7,819

7,819

At 28 February 2025

-

13,843

13,843

NET BOOK VALUE

At 28 February 2025

365,678

31,277

396,955

At 29 February 2024

365,678

24,096

389,774

Included in cost of land and buildings is freehold land of £ 365,678 (2024 - £ 365,678 ) which is not depreciated.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Other creditors

420,474

417,057

6.	RELATED PARTY DISCLOSURES

Included within creditors is an amount due to the director by the company of £414,997 (2024: £409,997). This amount is interest free and repayable on demand.