Registration number: SC616029

1929 Limited

Contents

Company Information	1
Director's Report	2
Accountants' Report	3
Profit and Loss Account	4
Statement of Comprehensive Income	5
Balance Sheet	6
Statement of Changes in Equity	7
Notes to the Unaudited Financial Statements	8 to 11
iXBRL Detailed Profit and Loss Account	12

1929 Limited

Company Information

Director

Mr David Richardson

Registered office

7 York Lane Grangemouth FK3 8BD

Accountants

RDM Accountants Limited Fife business incubator Office 32 Mitchelston Drive Kirkcaldy KY1 3NA

1929 Limited

Director's Report for the Year Ended 31 December 2025

The director presents his report and the financial statements for the year ended 31 December 2025.

Director of the company

The director who held office during the year was as follows:

Mr David Richardson

Principal activity

The principal activity of the company is Letting of own investment property

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 11 March 2026
 

......................................... Mr David Richardson Director

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
1929 Limited
for the Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 1929 Limited for the year ended 31 December 2025 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of 1929 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 1929 Limited and state those matters that we have agreed to state to the Board of Directors of 1929 Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 1929 Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 1929 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 loss of 1929 Limited. You consider that 1929 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 1929 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 statutory accounts.

......................................

RDM Accountants Limited
Fife business incubator
Office 32
Mitchelston Drive
Kirkcaldy
KY1 3NA

11 March 2026

1929 Limited

Profit and Loss Account for the Year Ended 31 December 2025

	Note	2025 £	2024 £
Turnover		4,700	4,200
Gross profit		4,700	4,200
Administrative expenses		(336)	(306)
Operating profit		4,364	3,894
Interest payable and similar expenses		(7,321)	(7,438)
Loss before tax		(2,957)	(3,544)
Loss for the financial year		(2,957)	(3,544)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

1929 Limited

Statement of Comprehensive Income for the Year Ended 31 December 2025

	2025 £	2024 £
Loss for the year	(2,957)	(3,544)
Total comprehensive income for the year	(2,957)	(3,544)

1929 Limited

(Registration number: SC616029)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	145,600	140,000
Current assets
Debtors	5	251	-
Cash at bank and in hand		4,488	890
		4,739	890
Creditors: Amounts falling due within one year	6	(160,152)	(147,746)
Net current liabilities		(155,413)	(146,856)
Net liabilities		(9,813)	(6,856)
Capital and reserves
Retained earnings		(9,813)	(6,856)
Shareholders' deficit		(9,813)	(6,856)

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

Director's 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 director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 11 March 2026
 

......................................... Mr David Richardson Director

1929 Limited

Statement of Changes in Equity for the Year Ended 31 December 2025

	Retained earnings £	Total £
At 1 January 2025	(6,856)	(6,856)
Loss for the year	(2,957)	(2,957)
At 31 December 2025	(9,813)	(9,813)

	Retained earnings £	Total £
At 1 January 2024	(3,312)	(3,312)
Loss for the year	(3,544)	(3,544)
At 31 December 2024	(6,856)	(6,856)

1929 Limited

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

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
7 York Lane
Grangemouth
FK3 8BD

These financial statements were authorised for issue by the director on 11 March 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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

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.

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 balance sheet 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:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

1929 Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 profit and loss account 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.

3	Staff numbers

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

1929 Limited

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

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 January 2025	140,000	140,000
Additions	5,600	5,600
At 31 December 2025	145,600	145,600
Depreciation
Carrying amount
At 31 December 2025	145,600	145,600
At 31 December 2024	140,000	140,000

Included within the net book value of land and buildings above is £145,600 (2024 - £140,000) in respect of freehold land and buildings.
 

5

Debtors

Current	2025 £	2024 £
Other debtors	251	-
	251	-

1929 Limited

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

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	123,225	112,000
Accruals and deferred income		1,180	850
Other creditors		35,747	34,896
		160,152	147,746

Creditors: amounts falling due after more than one year

2025 £

2024 £

7	Share capital

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	123,225	112,000

1929 Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 31 December 2025

	2025 £	2024 £
Turnover/revenue	4,700	4,200
Cost of sales
Distribution costs
Administrative expenses
Audit and accountancy other services	(330)	(300)
Bank charges	(6)	(6)
Other operating income
Other items
Profit on ordinary activities before finance charges and interest	4,364	3,894
Interest expense on bank overdraft, bank loans and similar borrowings	(7,321)	(7,438)
Loss for the financial year	(2,957)	(3,544)