REGISTERED NUMBER: SC690633 (Scotland)

Ds & Ds Limited

Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs X Dai

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

EH3 6AT

REGISTERED NUMBER:

SC690633 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Bank of Scotland

The Mound

Edinburgh

EH1 1YZ

FIXED ASSETS

Tangible assets

4

4,076

7,328

Investment property

5

2,490,104

1,999,044

2,494,180

2,006,372

CURRENT ASSETS

Debtors

6

12,928

11,378

Cash at bank

18,873

113,561

31,801

124,939

CREDITORS

Amounts falling due within one year

7

1,220,090

1,132,814

NET CURRENT LIABILITIES

(1,188,289

)

(1,007,875

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,305,891

998,497

CREDITORS

Amounts falling due after more than one year

8

1,465,910

1,131,860

NET LIABILITIES

(160,019

)

(133,363

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(160,119

)

(133,463

)

(160,019

)

(133,363

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 24 September 2026 and were signed by:

Mrs X Dai - Director

1.	STATUTORY INFORMATION

Ds & Ds Limited 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 as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the director is 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. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover and revenue recognition

Turnover is represented by rental income excluding value added tax and is recognised based on rent due in accordance with the respective rent agreement.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

Investment property

Investment properties are shown at their fair value. Any surplus or deficit arising from changes in fair value is recognised in the profit and loss account for the year. A reduction in value due to fluctuation in the property market conditions is not considered to be permanent.

This is in accordance with FRS 102 which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year end is included in the fair value reserve with the relevant change in fair value.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

23,453

Additions

1,048

At 31 March 2026

24,501

DEPRECIATION

At 1 April 2025

16,125

Charge for year

4,300

At 31 March 2026

20,425

NET BOOK VALUE

At 31 March 2026

4,076

At 31 March 2025

7,328

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,999,044

Additions

491,060

At 31 March 2026

2,490,104

NET BOOK VALUE

At 31 March 2026

2,490,104

At 31 March 2025

1,999,044

Fair value at 31 March 2026 is represented by:

£

Cost

2,490,104

If investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

2,490,104

1,383,868

Investment property was valued on an open market basis basis on 31 March 2026 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

12,928

11,378

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

15,701

Taxation and social security

433

440

Other creditors

1,219,657

1,116,673

1,220,090

1,132,814

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

1,465,910

1,131,860

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,465,910

1,016,230

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

1,465,910

1,147,561

Standard security in favour of Lendinvest BTL Limited created on 3 September 2021 over property at Flat 29, 29 King's Stables Road Edinburgh, EH1 2AP. Contains negative pledge. Satisfied on 8 September 2026.

Standard security in favour of Lendinvest BTL Limited created on 29 September 2021 over property at Flat 29, 29 King's Stables Road Edinburgh, EH1 2AP. Contains negative pledge.

Standard security in favour of Lendinvest BTL Limited created on 13 April 2022 over property at 62 Strathearn Road, Edinburgh, EH9 2AD. Contains negative pledge.

Standard security in favour of Charter Court Financial Services Limited Trading as Precise Mortgages created on 5 October 2023 over property at 15/3 Bernard Terrace, Edinburgh, EH8 9NU. Contains negative pledge.

Standard security in favour of Kensington Mortgage Company Limited created on 29 April 2025 over

property at 21 (3F2) Warrender Park Terrace, Edinburgh, EH9 1EF. Contains negative pledge.

Standard security in favour of Bank of Scotland PLC, Birmingham Midshires Division created on 21 November 2025 over property at 15/3 Bernard Terrace, Edinburgh, EH8 9NU.

10.	RELATED PARTY DISCLOSURES

During the year, the director loaned £95,912 (2025: £74,161) to the company and paid expenses totalling £9,633 (2025: £11,379) on behalf of the company. The company repaid £2,000 (2025: £Nil) to the director and paid expenses totalling £898 (2025: £3,222) on behalf of the director. The balance of £1,204,802 (2025: £1,102,155) was due to the director at 31 March 2026. The balance is unsecured, interest free and repayable on demand.

11.	POST BALANCE SHEET EVENTS

Standard security in favour of Godiva Mortgages Limited created on 3 September 2026 over property at Flat 29, 29 King's Stables Road Edinburgh, EH1 2AP. Contains negative pledge.

12.	GOING CONCERN

The financial statements have been prepared on the going concern principle which assumes that the company will continue to trade in the foreseeable future. In order to do so the company will require the continued support of its director and the director is willing to support the company.