Dunvorist Investments Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the directors on the preparation of the unaudited statutory accounts of Dunvorist Investments Limited for the year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dunvorist Investments Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Dunvorist Investments 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 accounts of Dunvorist Investments Limited and state those matters that we have agreed to state to the directors of Dunvorist Investments Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dunvorist Investments Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Dunvorist Investments 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 or loss of Dunvorist Investments Limited . You consider that Dunvorist Investments 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 Dunvorist Investments 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 financial statements.

2 September 2026

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Dunvorist Investments Limited

Balance Sheet

As At 31 March 2026

Balance Sheet

Registered number: SC317478

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		666,647		670,499

			666,647		670,499
CURRENT ASSETS
Stocks	5	10,586		11,856
Debtors	6	12,948		11,866
Cash at bank and in hand		13,018		13,418

		36,552		37,140
Creditors: Amounts Falling Due Within One Year	7	(150,354 )		(103,989 )

NET CURRENT ASSETS (LIABILITIES)			(113,802 )		(66,849 )

TOTAL ASSETS LESS CURRENT LIABILITIES			552,845		603,650

PROVISIONS FOR LIABILITIES
Deferred Taxation			(18,884 )		(17,636 )

NET ASSETS			533,961		586,014

CAPITAL AND RESERVES
Called up share capital			2		2
Share premium account			34,750		34,750
Profit and Loss Account			499,209		551,262

SHAREHOLDERS' FUNDS			533,961		586,014

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Dunvorist Investments Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S McKenzie

Director

2 September 2026

The notes on pages 4 to 8 form part of these financial statements.

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Dunvorist Investments Limited

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Dunvorist Investments Limited is a private company, limited by shares, incorporated in Scotland, registered number SC317478 . The registered office is Dunvorist Station Road, Murthly, Perthshire, PH1 4EL.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Significant judgements and estimations

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes and other sales taxes.

2.4. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% on cost
Plant & Machinery	20% on cost
Motor Vehicles	25% on cost
Fixtures & Fittings	20% on cost
Computer Equipment	25% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Dunvorist Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 24 (2025: 23)

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Dunvorist Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2025	624,954	119,181	94,112	22,633
Additions	3,675	4,191	28,348	1,002

As at 31 March 2026	628,629	123,372	122,460	23,635

Depreciation
As at 1 April 2025	24,998	105,022	42,417	19,315
Provided during the period	12,518	5,658	20,471	1,932

As at 31 March 2026	37,516	110,680	62,888	21,247

Net Book Value
As at 31 March 2026	591,113	12,692	59,572	2,388

As at 1 April 2025	599,956	14,159	51,695	3,318


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2025	2,708	863,588
Additions	-	37,216

As at 31 March 2026	2,708	900,804

Depreciation
As at 1 April 2025	1,337	193,089
Provided during the period	489	41,068

As at 31 March 2026	1,826	234,157

Net Book Value
As at 31 March 2026	882	666,647

As at 1 April 2025	1,371	670,499

5. Stocks

	2026	2025
	£	£
Stock	10,586	11,856

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Dunvorist Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	825	-
Prepayments and accrued income	1,634	1,588
Other debtors	10,489	10,278

	12,948	11,866

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	17,941	18,231
Other taxes and social security	4,669	3,834
VAT	9,734	10,273
Other creditors	669	1,351
Accruals and deferred income	1,250	1,200
Directors' loan accounts	111,091	69,100
Amounts owed to related parties	5,000	-

	150,354	103,989

8. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2025	17,636	17,636
Deferred taxation	1,248	1,248

Balance at 31 March 2026	18,884	18,884

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	1,272	1,108
Later than one year and not later than five years	2,275	3,055

	3,547	4,163

10. Pension Commitments

The company's defined contribution pension cost for the year was £3,490 (2025: £11,157). Outstanding contributions as at the year end totalled £669 (2025: £1,351) in relation to employers and employees contributions.

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Dunvorist Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

11. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr John McKenzie	(1,000 )	-	-	-	(1,000 )
Mr Steven McKenzie	(68,099 )	2,008	(44,000 )	-	(110,091 )

The above loans are interest free and has no fixed repayment terms.

12. Related Party Transactions

As at 31 March 2026 there was a balance due to a company of £5,000 (2025 : nil) which Dunvorist Investments Limited has the same directors. This loan is interest free and is repayable on demand.

13. Ultimate Controlling Party

The company's ultimate controlling party is S McKenzie.

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