REGISTERED NUMBER: SC767546 (Scotland)

DRM PROPERTIES LIMITED

Financial Statements for the Year Ended 31 July 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mark Macleod

Margaret Macleod

Dawn Campbell Maciver

REGISTERED OFFICE:

Customs House

Quay Street

Stornoway

Isle of Lewis

HS1 2XX

REGISTERED NUMBER:

SC767546 (Scotland)

ACCOUNTANTS:

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

FIXED ASSETS

Tangible assets

4

634,626

615,626

CURRENT ASSETS

Debtors

5

3,816

11,959

Cash at bank

61,067

54,659

64,883

66,618

CREDITORS

Amounts falling due within one year

6

29,929

2,106

NET CURRENT ASSETS

34,954

64,512

TOTAL ASSETS LESS CURRENT LIABILITIES

669,580

680,138

CREDITORS

Amounts falling due after more than one year

7

659,548

721,076

NET ASSETS/(LIABILITIES)

10,032

(40,938

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

10,031

(40,939

)

10,032

(40,938

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 23 October 2025 and were signed on its behalf by:

Mark Macleod - Director

1.	STATUTORY INFORMATION

DRM Properties 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.

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.

Long leasehold

-

not provided

Motor vehicles

-

20% 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.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Long

Motor

leasehold

vehicles

Totals

£

£

£

COST

At 1 August 2024

575,000

40,626

615,626

Additions

-

19,000

19,000

At 31 July 2025

575,000

59,626

634,626

NET BOOK VALUE

At 31 July 2025

575,000

59,626

634,626

At 31 July 2024

575,000

40,626

615,626

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

3,816

2,856

Other debtors

-

9,103

3,816

11,959

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade creditors

26,001

-

Taxation and social security

3,928

2,106

29,929

2,106

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Amounts owed to group undertakings

148,547

146,076

Other creditors

511,001

575,000

659,548

721,076

8.	RELATED PARTY DISCLOSURES

Included within creditors due after one year is a loan from DRM Stornoway Limited, the company's parent, of £37,436 (2024 - £37,436). There are no repayment terms and interest is not charged on the balance.

During the year the company paid a dividend to DRM Stornoway Limited, the company's parent, of £5,000 (2024 - NIL)

Included within creditors due after one year is a loan from DR Macleod Limited, a the company's ultimate parent, of £111,111 (2024 - £108,640). There are no repayment terms and interest is not charged on the balance.

At the year end, there were balances due to the directors totalling £511,001 (2024 - £575,000). There are no fixed repayment terms and interest is not charged on the balance. Repayment can only be made following written approval from all directors.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is DRM Stornoway Limited.

The ultimate controlling party is DR Macleod Limited.