DAMKAN LIMITED - Filleted accounts

Registered number

SC191052

DAMKAN LIMITED

Filleted Accounts

31 March 2026

DAMKAN LIMITED
Registered number:		SC191052
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		87			129
Investments	4		300,000			250,000
			300,087			250,129

Current assets
Debtors	5	43,500			221,112
Cash at bank and in hand		561,281			365,134
		604,781			586,246

Creditors: amounts falling due within one year	6	(4,840)			(5,499)

Net current assets			599,941			580,747

Total assets less current liabilities			900,028			830,876


Provisions for liabilities			(29,879)			(20,387)


Net assets			870,149			810,489

Capital and reserves
Called up share capital			2,002			2,002
Fair value reserve	7		185,855			145,347
Profit and loss account			682,292			663,140

Shareholders' funds			870,149			810,489

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Damal Kandadai Arvind
Director
Approved by the board on 8 September 2026

DAMKAN LIMITED
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Fixtures, fittings, tools and equipment	33% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Charge on assets
	The Royal Bank of Scotland holds a charge over the assets of the company in respect of the property 220 Bruntsfield Place, Edinburgh, Lothian.

2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2025				7,965
	At 31 March 2026				7,965

	Depreciation
	At 1 April 2025				7,836
	Charge for the year				42
	At 31 March 2026				7,878

	Net book value
	At 31 March 2026				87
	At 31 March 2025				129


4	Investments

Other
investments
£
	Cost
	At 1 April 2025				250,000
	Revaluation				50,000

	At 31 March 2026				300,000
	Fairvalue Value at 31 March 2026 is represented by: Valuation in 2006 £65,644 Valuation in 2012 £25,000 Valuation in 2019 £25,000 Valuation in 2020 £50,000 Valuation in 2026 £50,000 Cost £84,356 Total fairvalue £300,000 If investment property had not been revalued, it would have been included at the historical cost of £84,356. The investment property had been valued on an open market basis on 31 March 2026 by the director.


5	Debtors		2026		2025
£				£

	Other debtors		43,500		221,112


6	Creditors: amounts falling due within one year		2026		2025
£				£

	Taxation and social security costs		4,545		4,876
	Other creditors		295		623
			4,840		5,499


7	Revaluation reserve		2026		2025
£				£

	At 1 April 2025		145,347		145,230
	Gain on revaluation of land and buildings		40,508		-
	Transfer		-		117

	At 31 March 2026		185,855		145,347


8	Controlling party

	Damal Kandadai Arvind owns 2 Ordinary shares, Damal Kandadai Keshav Arvind owns 1,000 Ordinary A and Damal Kandadai Ashwini Arvind owns 1,000 Ordinary A shares.


9	Other information

	DAMKAN LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
	12 Gilmour Road
	Edinburgh
	EH16 5NT