Company registration number: SC606230
Annual report and unaudited financial statements
for the year ended 31 August 2025
for
DOUNE PROPERTY LIMITED
Pages for filing with the Registrar
DOUNE PROPERTY LIMITED
Accountants' Report to the Board of Directors for the preparation of the unaudited
financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DOUNE PROPERTY LIMITED for the year ended 31 August 2025 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of DOUNE PROPERTY LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of DOUNE PROPERTY LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DOUNE PROPERTY LIMITED and its Board of Directors, as a body, for our work, or for this report.
It is your duty to ensure that DOUNE PROPERTY LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of DOUNE PROPERTY LIMITED. You consider that DOUNE PROPERTY LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of DOUNE PROPERTY LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
NM Advisory Limited
1 Hill Street
Edinburgh
EH2 3JP
United Kingdom
Date: 29 May 2026
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Company registration number: SC606230
DOUNE PROPERTY LIMITED
Balance sheet
as at 31 August 2025
2025 2024
Note £ £ £ £
Fixed assets
Investment property 5 682,568 332,218
682,568 332,218
Current assets
Cash at bank and in hand 4,344 13,169
4,344 13,169
Net current assets 4,344 13,169
Total assets less current liabilities 686,912 345,387
Creditors: Amounts falling due after more
than one year 		(669,923) (317,923)
Accruals and deferred income (1,560) (1,560)
NET ASSETS 15,429 25,904
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,329 25,804
TOTAL EQUITY 15,429 25,904
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: SC606230
DOUNE PROPERTY LIMITED
Balance sheet - continued
as at 31 August 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 29 May 2026 and signed on its behalf by:
Mrs S Lyall, Director
29 May 2026
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DOUNE PROPERTY LIMITED
Notes to the financial statements
for the year ended 31 August 2025
1 Company information
DOUNE PROPERTY LIMITED is a private company registered in Scotland. Its registered number is SC606230. The company is limited by shares. Its registered office is 1 Hill Street, Edinburgh, EH2 3JP.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings -
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
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DOUNE PROPERTY LIMITED
Notes to the financial statements - continued
for the year ended 31 August 2025
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 September 2024 21,870
At 31 August 2025 21,870
Depreciation
At 1 September 2024 21,870
At 31 August 2025 21,870
Net book value
At 31 August 2025 -
At 31 August 2024 -
5 Investment property
£
Valuation
At 1 September 2024 332,218
Additions 350,350
Disposals -
At 31 August 2025 682,568
6 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024.
2025 2024
£ £
Allan Lyall
Balance outstanding at start of year (317,923) (544,090)
Amounts advanced (352,000) 226,167
Balance outstanding at end of year (669,923) (317,923)
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