Registration number: SC643829

Discovery Property Investment Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 6

Discovery Property Investment Ltd

(Registration number: SC643829)
Statement of Financial Position as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	596	794
Current assets
Debtors	5	12,094	5,055
Cash at bank and in hand		28,968	1,345
		41,062	6,400
Creditors: Amounts falling due within one year	6	(126,342)	(15,293)
Net current liabilities		(85,280)	(8,893)
Total assets less current liabilities		(84,684)	(8,099)
Creditors: Amounts falling due after more than one year	6	(9,634)	(12,362)
Net liabilities		(94,318)	(20,461)
Capital and reserves
Called up share capital		2	2
Retained earnings		(94,320)	(20,463)
Shareholders' deficit		(94,318)	(20,461)

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 22 July 2026 and signed on its behalf by:
 

......................................... B Ettershank Director

Discovery Property Investment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
29 Commercial Street
Dundee
Tayside
DD1 3DG
Scotland

The principal place of business is:
Ravensby Coach House
Barry
Carnoustie
Angus
DD7 7RJ

These financial statements were authorised for issue by the Board on 22 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the funcional currency of the entity.

Discovery Property Investment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Development Costs	25% reducing balance
Office Equipment	25% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

Discovery Property Investment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 0 (2024 - 0).

Discovery Property Investment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Tangible assets

	Development costs  £	Office equipment £	Total £
Cost or valuation
At 1 November 2024	2,400	874	3,274
At 31 October 2025	2,400	874	3,274
Depreciation
At 1 November 2024	1,831	649	2,480
Charge for the year	142	56	198
At 31 October 2025	1,973	705	2,678
Carrying amount
At 31 October 2025	427	169	596
At 31 October 2024	569	225	794

5

Debtors

Current	Note	2025 £	2024 £
Amounts owed by related parties		-	4,048
Prepayments		769	1,007
Other debtors		11,325	-
		12,094	5,055

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	3,098	3,148
Trade creditors		20,076	-
Accruals and deferred income		1,070	1,042
Other creditors		102,098	11,103
		126,342	15,293

Creditors: amounts falling due after more than one year

Discovery Property Investment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	9,634	12,362

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	9,634	12,362

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,098	3,148