iso4217:GBP xbrli:pure xbrli:shares iso4217:GBP xbrli:shares SC293368 2025-11-30 SC293368 2024-11-30 SC293368 2024-12-01 2025-11-30 SC293368 2023-12-01 2024-11-30 SC293368 bus:Director3 2024-12-01 2025-11-30 SC293368 bus:Director1 2024-12-01 2025-11-30 SC293368 bus:Director2 2024-12-01 2025-11-30 SC293368 bus:SmallEntities 2024-12-01 2025-11-30 SC293368 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 SC293368 bus:FilletedAccounts 2024-12-01 2025-11-30 SC293368 bus:Director1 2024-12-01 2025-11-30 SC293368 2024-12-01 2025-11-30 SC293368 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30
DESTINY SCOTLAND LTD.
Registration Number SC293368 (Scotland)
Filleted Unaudited Financial Statements
for the year ended 30 November 2025
DESTINY SCOTLAND LTD.
Filleted Financial Statements for the year ended 30 November 2025
BALANCE SHEET
Notes
2025 £
2024 £
Fixed assets
Tangible assets
2
9,445
2,808
Investments
3
200
200
9,645
3,008
Current assets
Inventory
4
7,871
9,122
Debtors
5
4,001,231
2,341,476
Cash at bank and in hand
1,820,421
1,252,452
5,829,523
3,603,050
Current liabilities
Creditors: amounts falling due within one year
6
2,167,165
2,015,985
Net current assets
3,662,358
1,587,065
Total assets less current liabilities
3,672,003
1,590,073
Non-current liabilities
Creditors: amounts falling due after more than one year
7
(1,500,000)
(6,148)
Provision for liabilities
(2,361)
(702)
Net assets
2,169,642
1,583,223
Capital and reserves
Called up share capital
9
83
83
Capital redemption reserve
17
17
Profit and loss account
2,169,542
1,583,123
Shareholder's funds
2,169,642
1,583,223
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 members have 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The financial statements were approved and authorised for issue by the Board of Directors on 4 June 2026.
Signed on behalf of the Board of Directors
_______________________
_______________________
J S D Moffat
E L Moffat
Director
The notes on pages 2 to 8 form part of these financial statements.
Company registration number: SC293368
DESTINY SCOTLAND 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 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 certain financial assets measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
The financial statements are prepared in sterling (£) which is the functional currency of the company and rounded to the nearest £.
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
1.2 Going concern
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have 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 consideration received or receivable for professional property advertising and management, 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.
DESTINY SCOTLAND LTD.
Filleted Financial Statements for the year ended 30 November 2025
NOTES TO THE FINANCIAL STATEMENTS
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.
1.6 Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.
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.
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
Fixtures and fittings
20% - 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 Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
DESTINY SCOTLAND LTD.
Filleted Financial Statements for the year ended 30 November 2025
NOTES TO THE FINANCIAL STATEMENTS
1.9 Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Where the circumstances causing an impairment of an asset, other than goodwill, no longer apply, then the impairment is reversed through the profit and loss account. An impairment loss recognised for goodwill is not reversed in subsequent periods.
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
1.10 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
At the end of each reporting period, Stocks and work in progress are assessed for impairment. If an item (or group of items) is impaired, an impairment loss is recognised.
1.11 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 LTD.
Filleted Financial Statements for the year ended 30 November 2025
NOTES TO THE FINANCIAL STATEMENTS
1.12 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.
1.13 Dividends payable
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
1.14 Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
DESTINY SCOTLAND LTD.
Filleted Financial Statements for the year ended 30 November 2025
NOTES TO THE FINANCIAL STATEMENTS
2. Tangible assets
Balances at year end and movements for the year
Fixtures and fittings £
Cost
At 01 December 2024
50,911
Additions
9,536
At 30 November 2025
60,447
Depreciation
At 01 December 2024
(48,103)
Charge for the year
(2,899)
At 30 November 2025
(51,002)
Net book value
At 01 December 2024
2,808
At 30 November 2025
9,445
3. Investments
Movement in investments
Interest in other participating interest £
Cost or valuation
At 01 December 2024
200
At 30 November 2025
200
Impairment
At 01 December 2024
-
At 30 November 2025
-
Carrying amount
At 30 November 2024
200
At 30 November 2025
200
DESTINY SCOTLAND LTD.
Filleted Financial Statements for the year ended 30 November 2025
NOTES TO THE FINANCIAL STATEMENTS
3.2 Investments in shares
Name of entity
Registered office
Class of shares
% Ownership 2025
% Ownership 2024
% Ownership 2024
Destiny Scotland Property Limited
28 Thistle Street, Edinburgh, Scotland, EH2 1EN
100
100%
100%
Destiny Scotland Holdings Limited
28 Thistle Street, Edinburgh, Scotland, EH2 1EN
100
100%
100%
4. Stocks
Stocks comprise:
2025 £
2024 £
Stocks
7,871
9,122
5. Debtors
Debtors comprise:
2025 £
2024 £
Amounts falling due within one year
Trade debtors
53,793
17,218
Other debtors
136,906
285,663
Amounts owed by undertakings in which the entity has a participating interest
3,810,532
2,038,595
4,001,231
2,341,476
6. Creditors: amounts falling due within one year
Creditors: amounts falling due within one year comprise:
2025 £
2024 £
Trade creditors
563,477
647,086
Other creditors
1,275,938
1,079,238
Bank loans
6,148
10,361
Social security and other taxes
110,247
234,957
Amounts owed to group undertakings
93,687
44,343
Corporation tax
117,668
-
2,167,165
2,015,985
Included within the bank borrowings are the Bounce Back loan scheme which is fully covered by a government backed guarantee.
DESTINY SCOTLAND LTD.
Filleted Financial Statements for the year ended 30 November 2025
NOTES TO THE FINANCIAL STATEMENTS
7. Creditors: amounts falling due after more than one year
Creditors: amounts falling due after more than one year comprise:
2025 £
2024 £
Bank loans
1,500,000
6,148
1,500,000
6,148
During the year, the entity was granted loans from Handelsbanken totalling £1,500,000. These loans are secured by properties held by the group.
8. Financial commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
2025 £
2024 £
within one year
25,696
25,696
between one and five years
25,696
51,392
51,392
77,088
9. Called up share capital
Allotted, called-up and fully-paid
2025 £
2024 £
83 Ordinary shares of £1.00 each
83
83
10. 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.
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
[Current]
30
Average number of employees during the period
[Prior]
30
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 professional property advertising and management.
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 Ltd.
Entity is dormant [true/false]
[Current]
false
Entity trading status
[Current]
[default]
Equity [Multiple Tags or Values]
[Prior]
3,166,429
Equity [Multiple Tags or Values]
[Current]
4,339,267
Legal form of entity
[Current]
bus_PrivateLimitedCompanyLtd
Name of entity auditors
[Current]
CT
Name of entity officer
[Current]
S G Brading
Name of entity officer
[Current]
J S D Moffat
Name of entity officer
[Current]
E L 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
Statement that directors acknowledge their responsibilities under the Companies Act
[Current]
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
UK Companies House registered number
[Current]
SC293368
Version of production software
[Current]
2026.12.0.0