COMPANY REGISTRATION NUMBER:
SC827178
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Drummer Investments Limited |
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Filleted Unaudited Abridged Financial Statements |
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Drummer Investments Limited |
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Abridged Financial Statements |
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Period from 28 October 2024 to 31 October 2025
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Abridged statement of financial position |
1 |
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Notes to the abridged financial statements |
3 |
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Drummer Investments Limited |
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Abridged Statement of Financial Position |
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31 October 2025
Fixed assets
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Tangible assets |
5 |
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760,000 |
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Current assets
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Debtors |
14,193,141 |
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Cash at bank and in hand |
100 |
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------------- |
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14,193,241 |
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Creditors: amounts falling due within one year |
15,506,300 |
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------------- |
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Net current liabilities |
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1,313,059 |
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------------ |
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Total assets less current liabilities |
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(
553,059) |
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--------- |
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Net liabilities |
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(
553,059) |
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--------- |
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Capital and reserves
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Called up share capital |
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100 |
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Profit and loss account |
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(
553,159) |
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--------- |
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Shareholder deficit |
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(
553,059) |
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--------- |
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These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the period ending 31 October 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 member has not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the period ending 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.
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Drummer Investments Limited |
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Abridged Statement of Financial Position (continued) |
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31 October 2025
These abridged financial statements were approved by the
board of directors
and authorised for issue on
27 October 2026
, and are signed on behalf of the board by:
Company registration number:
SC827178
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Drummer Investments Limited |
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Notes to the Abridged Financial Statements |
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Period from 28 October 2024 to 31 October 2025
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is The Mechanics Workshop, New Lanark, Lanark, ML11 9DB, Scotland.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director has considered the company's financial position, including the recoverability of the debtor balance included within current assets and the availability of funding from the director. The director expects the debtor balance to be recovered in full and has confirmed that repayment of the director's loan account will not be sought in circumstances that would adversely affect the company's ability to meet its liabilities as they fall due. Accordingly, the director has a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future and has therefore prepared the financial statements on the going concern basis
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee number
The average number of persons employed by the company during the period, including the director, amounted to Nil.
5.
Tangible assets
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£ |
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Cost |
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At 28 October 2024 |
– |
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Additions |
760,000 |
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--------- |
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At 31 October 2025 |
760,000 |
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--------- |
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Depreciation |
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At 28 October 2024 and 31 October 2025 |
– |
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--------- |
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Carrying amount |
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At 31 October 2025 |
760,000 |
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--------- |
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6.
Investments
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£ |
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Cost |
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At 28 October 2024 |
– |
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Additions |
31,784,593 |
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Disposals |
(
31,784,593) |
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------------- |
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At 31 October 2025 |
– |
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------------- |
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Impairment |
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At 28 October 2024 and 31 October 2025 |
– |
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------------- |
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Carrying amount |
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