iso4217:GBP xbrli:pure xbrli:shares iso4217:GBP xbrli:shares SC613441 2025-11-30 SC613441 2024-11-30 SC613441 2024-12-01 2025-11-30 SC613441 2023-12-01 2024-11-30 SC613441 bus:Director1 2024-12-01 2025-11-30 SC613441 bus:SmallEntities 2024-12-01 2025-11-30 SC613441 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 SC613441 bus:FilletedAccounts 2024-12-01 2025-11-30 SC613441 bus:Director1 2024-12-01 2025-11-30 SC613441 2024-12-01 2025-11-30 SC613441 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30
DESTINY SCOTLAND PROPERTY LTD
Registration Number SC613441 (Scotland)
Filleted Unaudited Financial Statements
for the year ended 30 November 2025
DESTINY SCOTLAND PROPERTY LTD
Filleted Financial Statements for the year ended 30 November 2025
BALANCE SHEET
Notes
2025 £
2024 £
Fixed assets
Tangible assets
2
66,519
69,825
Current assets
Debtors
3
504,773
371,844
Cash at bank and in hand
330,963
235,718
835,736
607,562
Current liabilities
Creditors: amounts falling due within one year
4
99,170
42,623
Net current assets
736,566
564,939
Total assets less current liabilities
803,085
634,764
Non-current liabilities
Creditors: amounts falling due after more than one year
5
-
(9,640)
Provision for liabilities
(993)
(1,093)
Net assets
802,092
624,031
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
801,992
623,931
Shareholder's funds
802,092
624,031
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
For the year ended 30 November 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its accounts for the year ended 30 November 2025 in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the Board of Directors on 4 June 2026.
_______________________
J S D Moffat
Director
The notes on pages 2 to 6 form part of these financial statements.
Company registration number: SC613441
DESTINY SCOTLAND PROPERTY LTD
Filleted Financial Statements for the year ended 30 November 2025
NOTES TO THE FINANCIAL STATEMENTS
1. Summary of significant accounting policies
1.1 General information and basis of preparation
Destiny Scotland Property Ltd is a private company limited by shares, registered in Scotland. The address of the registered office and registration number are as below:
28 Thistle Street
Edinburgh
Scotland
EH2 1EN
These financial statements have been prepared in accordance with FRS 102 the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland as adapted by Section 1A of FRS 102 and the Companies Act 2006.
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling (£) which is the functional currency of the company and rounded to the nearest £.
1.2 Going concern
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
1.3 Turnover and other income
Turnover is recognised at the fair value of the rental income received or receivable and is shown net of VAT.
1.4 Tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.
1.5 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.
DESTINY SCOTLAND PROPERTY LTD
Filleted Financial Statements for the year ended 30 November 2025
NOTES TO THE FINANCIAL STATEMENTS
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.
1.6 Leases
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
Incentives received to enter into an operating lease are credited to the profit and loss account, to reduce the lease expense, on a straight-line basis over the period of the lease.
1.7 Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Asset class
Useful life / depreciation rate
Leasehold improvements
10% straight line
Fixtures and fittings
50% straight line
Where factors indicate that the residual values or useful lives of tangible assets may have changed, a review will be carried out of the residual values, depreciation methods and useful lives, and these will be amended if necessary. Changes in depreciation rates arising from this review are accounted for prospectively over the remaining useful lives of the assets.
1.8 Financial instruments
The Company has chosen to adopt Section 11 of FRS102 in respect of financial instruments.
Ordinary share capital
The ordinary share capital of the company is presented as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Other financial assets
Other financial assets, including trade debtors for goods sold to customers on short-term credit, are initially measured at the transaction price including transaction costs, and are subsequently measured at the transaction price plus transaction costs not yet recognised, cumulative interest income less repayments and impairment, where there is evidence of impairment.
Other financial liabilities
Other financial liabilities, including trade creditors, are initially measured at transaction price less transaction costs, and are subsequently measured at the transaction price less transaction costs not yet recognised in profit or loss and repayments plus cumulative interest expenses incurred.
Impairment of financial assets
At the end of each reporting period, the company assesses whether there is evidence of impairment of any financial assets, including investments, loans, trade debtors and cash. If there is evidence of impairment, impairment losses are recognised in the Profit and Loss account in that financial year.
DESTINY SCOTLAND PROPERTY LTD
Filleted Financial Statements for the year ended 30 November 2025
NOTES TO THE FINANCIAL STATEMENTS
1.9 Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
1.10 Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
2. Tangible assets
Balances at year end and movements for the year
Leasehold improvements £
Fixtures and fittings £
Total £
Cost
At 01 December 2024
87,685
143,590
231,275
Additions
-
5,671
5,671
At 30 November 2025
87,685
149,261
236,946
Depreciation
At 01 December 2024
(18,930)
(142,520)
(161,450)
Charge for the year
(6,876)
(2,101)
(8,977)
At 30 November 2025
(25,806)
(144,621)
(170,427)
Net book value
At 01 December 2024
68,755
1,070
69,825
At 30 November 2025
61,879
4,640
66,519
3. Debtors
Debtors comprise:
2025 £
2024 £
Trade debtors
23,185
-
Other debtors
5,622
8,519
Amounts owed by parent undertakings
56,984
44,343
Amounts owed by fellow subsidiaries
418,982
318,982
504,773
371,844
DESTINY SCOTLAND PROPERTY LTD
Filleted Financial Statements for the year ended 30 November 2025
NOTES TO THE FINANCIAL STATEMENTS
4. Creditors: amounts falling due within one year
Creditors: amounts falling due within one year comprise:
2025 £
2024 £
Trade creditors
-
243
Other creditors
28,580
32,125
Bank loans
9,627
10,268
Social security and other taxes
60,963
(13)
99,170
42,623
There are no amounts included above in respect of which any security has been given by the small entity.
Bank borrowings relate to the Bounce Back loan scheme and are fully covered by a government backed guarantee.
5. Creditors: amounts falling due after more than one year
Creditors: amounts falling due after more than one year comprise:
2025 £
2024 £
Bank loans
-
9,640
-
9,640
There are no amounts included above in respect of which any security has been given by the small entity.
6. Financial commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
2025 £
2024 £
within one year
231,855
231,855
between one and five years
927,419
695,565
after five years
140,080
603,789
1,299,354
1,531,209
The Parent company, Destiny Scotland Ltd acts as a guarantor on behald of Destiny Scotland Property Ltd in respect to the leases for 4 & 18 Hanover Street, Edinburgh.
7. Called up share capital
Called up share capital
2025 £
2024 £
100 Ordinary shares of £1.00 each
100
100
8. Related party transactions
The company has taken advantage of disclosure exemptions available under Section 33 for FRS 102 whereby it has not disclosed transactions entered into with any wholly-owned subsidiary of the group.
Controlling parties
DESTINY SCOTLAND PROPERTY LTD
Filleted Financial Statements for the year ended 30 November 2025
NOTES TO THE FINANCIAL STATEMENTS
The immediate parent of the company is Destiny Scotland Limited. Registered address at 28 Thistle Street, Edinburgh, EH2 1EN, Scotland, United Kingdom.
Appendix - Additional XBRL Tags and Values
Accounting standards applied
[Current]
bus_SmallEntities
Accounts status, audited or unaudited
[Current]
bus_AuditExemptWithAccountantsReport
Accounts type
[Current]
bus_FilletedAccounts
Average number of employees during the period
[Prior]
1
Average number of employees during the period
[Current]
1
Balance sheet date
[Current]
30 November 2025
Date of auditor's report
[Current]
0001-01-01
Date of authorisation of financial statements for issue
[Current]
04 June 2026
Description of principal activities
[Current]
The company's principal activity during the year was that of property investment and leasing.
Director signing Directors' Report
[Current]
bus_Director1
Director signing financial statements
[Current]
bus_Director1
End date for period covered by report
[Current]
30 November 2025
Entity current legal or registered name
[Current]
Destiny Scotland Property Ltd
Entity is dormant [true/false]
[Current]
false
Entity trading status
[Current]
[default]
Equity [Multiple Tags or Values]
[Prior]
1,248,062
Equity [Multiple Tags or Values]
[Current]
1,604,184
Legal form of entity
[Current]
bus_PrivateLimitedCompanyLtd
Name of entity auditors
[Current]
CT
Name of entity officer
[Current]
J S D Moffat
Name of individual auditor
[Current]
CT
Name of production software
[Current]
Draftworx Cloud
Start date for period covered by report
[Current]
01 December 2024
UK Companies House registered number
[Current]
SC613441
Version of production software
[Current]
2026.12.0.0