Diamond Property Developments (8QR) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC780038 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

DIAMOND PROPERTY DEVELOPMENTS (8QR) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J W Gibson

D J Smart

REGISTERED OFFICE:

First Floor, 5 Abercrombie Court

Prospect Road

Arnhall Business Park

Westhill

Aberdeenshire

AB32 6FE

REGISTERED NUMBER:

SC780038 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

1st Floor, 5 Abercrombie Crt

Prospect Road,

Westhill

Aberdeenshire

Grampian

AB32 6FE

FIXED ASSETS

Tangible assets

3

244,347

Investments

4

34,400

-

278,747

244,347

CURRENT ASSETS

Stocks

170,000

-

Debtors

5

101,248

19,392

Cash at bank

19,790

-

291,038

19,392

CREDITORS

Amounts falling due within one year

6

26,310

3,771

NET CURRENT ASSETS

264,728

15,621

TOTAL ASSETS LESS CURRENT
LIABILITIES

543,475

259,968

CREDITORS

Amounts falling due after more than one year

7

541,516

310,209

NET ASSETS/(LIABILITIES)

1,959

(50,241

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,859

(50,341

)

SHAREHOLDERS' FUNDS

1,959

(50,241

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2026 and were signed on its behalf by:

P J W Gibson - Director

1.	STATUTORY INFORMATION

Diamond Property Developments (8QR) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 September 2024

and 31 August 2025

244,347

NET BOOK VALUE

At 31 August 2025

244,347

At 31 August 2024

244,347

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

34,400

At 31 August 2025

34,400

NET BOOK VALUE

At 31 August 2025

34,400

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Other debtors

3,236

Inter co - DPD Ltd

54,975

14,420

Inter co - DPD 78 QR Ltd

40,200

-

Directors' current accounts

100

Tax

34

VAT

2,613

460

Prepayments

90

1,142

101,248

19,392

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade creditors

25,426

2,887

Tax

34

Accrued expenses

850

26,310

3,771

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.8.25

31.8.24

£

Other loans (see note 8)

541,516

310,209

8.

LOANS

An analysis of the maturity of loans is given below:

31.8.25

31.8.24

£

Amounts falling due between one and two years:

Other loans - 1-2 years

541,516

310,209

9.	SECURED DEBTS

A Floating Charge was created on 29th September 2023 in favour of Residential Loan Ltd which covers all the property or undertaking of the company.

A Registration of a charge (MR01) was created on 13th October 2023 in favour of Residential Loans Ltd which covers all and whole the property at eight queens road, aberdeen, AB15 4ZT which together with all rights whether common, mutual or exclusive pertaining thereto forms the whole subjects registered in the land register of scotland under title number ABN90847.