Company registration number SC328098 (Scotland)
DAN MOR DEVELOPMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
DAN MOR DEVELOPMENTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
DAN MOR DEVELOPMENTS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
1,250,740
1,395,044
Current assets
Debtors
5
37,823
17,554
Cash at bank and in hand
18,612
14,950
56,435
32,504
Creditors: amounts falling due within one year
6
(36,480)
(45,487)
Net current assets/(liabilities)
19,955
(12,983)
Total assets less current liabilities
1,270,695
1,382,061
Creditors: amounts falling due after more than one year
7
(1,105,778)
(1,249,424)
Provisions for liabilities
(1,455)
-
0
Net assets
163,462
132,637
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
163,460
132,635
Total equity
163,462
132,637
DAN MOR DEVELOPMENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 July 2026 and are signed on its behalf by:
G THAIN
G B Thain
Director
Company registration number SC328098 (Scotland)
DAN MOR DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Dan Mor Developments Limited is a private company limited by shares incorporated in Scotland. The registered office is Broad House, Broad Street, Peterhead, Scotland, AB42 1HY.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Rental income

Rental income is recognised for the period to which it relates.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fishing rights
10 years straight line
1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

DAN MOR DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

1.8
Taxation

The tax expense represents the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the c arrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
DAN MOR DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
3
Intangible fixed assets
Fishing rights
£
Cost
At 1 January 2025 and 31 December 2025
155,000
Amortisation and impairment
At 1 January 2025 and 31 December 2025
155,000
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
-
0

The fair value of the fishing rights have been reduced to £nil by the directors, this is due to the expectation that there is unlikely to be any future economic benefits to be made from the fishing rights.

4
Investment property
2025
£
Fair value
At 1 January 2025
1,395,044
Additions
16,079
Disposals
(160,383)
At 31 December 2025
1,250,740

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
18,249
13,476
Other debtors
19,574
4,078
37,823
17,554
DAN MOR DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,302
5,302
Trade creditors
7,200
23,767
Corporation tax
990
-
0
Other creditors
22,988
16,418
36,480
45,487
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
480,874
489,533
Other creditors
624,904
759,891
1,105,778
1,249,424

Bank loans have been secured by standard security over certain properties owned by the company and by a bond and floating charge and also a joint personal guarantee given by the directors for the sum of £160,000.

8
Related party transactions

During the year, the company made no advances to a director and received credits of £13 which resulted in amounts due by the company of £63,896 (2024: £63,883).

During the year, the company made advances of £1,500 to a director and received credits of £6,300 which resulted in amounts due by the company of £4,800 (2024: £0).

During the year, the company made advances of £81,516 to a company under common control and received credits of £14,016 which resulted in amounts due by the company of £378,707 (2024: £446,207).

During the year, the company made advances of £76,300 to a company under common control and received credits of £29,000 which resulted in amounts due by the company of £177,501 (2024: £224,801).

The above loans are unsecured and interest free with no fixed repayment terms in place.

2025-12-31 2025-01-01 false false false 23 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity G B Thain J B Smith SC328098 2025-01-01 2025-12-31 SC328098 2025-12-31 SC328098 2024-12-31 SC328098 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 SC328098 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 SC328098 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 SC328098 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 SC328098 core:CurrentFinancialInstruments 2025-12-31 SC328098 core:CurrentFinancialInstruments 2024-12-31 SC328098 core:Non-currentFinancialInstruments 2025-12-31 SC328098 core:Non-currentFinancialInstruments 2024-12-31 SC328098 core:ShareCapital 2025-12-31 SC328098 core:ShareCapital 2024-12-31 SC328098 core:RetainedEarningsAccumulatedLosses 2025-12-31 SC328098 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC328098 bus:Director1 2025-01-01 2025-12-31 SC328098 core:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 SC328098 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 SC328098 2024-01-01 2024-12-31 SC328098 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 SC328098 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-12-31 SC328098 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 SC328098 2024-12-31 SC328098 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC328098 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC328098 bus:FRS102 2025-01-01 2025-12-31 SC328098 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 SC328098 bus:Director2 2025-01-01 2025-12-31 SC328098 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP