REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2023 |
for |
Dunhill and McGrouther Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2023 |
for |
Dunhill and McGrouther Limited |
Dunhill and McGrouther Limited (Registered number: 00480026) |
Contents of the Financial Statements |
for the Year Ended 30 April 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Dunhill and McGrouther Limited |
Company Information |
for the Year Ended 30 April 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
76 Dumbarton Road |
Clydebank |
Glasgow |
G81 1UG |
Dunhill and McGrouther Limited (Registered number: 00480026) |
Balance Sheet |
30 April 2023 |
30.4.23 | 30.4.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
Dunhill and McGrouther Limited (Registered number: 00480026) |
Notes to the Financial Statements |
for the Year Ended 30 April 2023 |
1. | STATUTORY INFORMATION |
Dunhill and McGrouther Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
30.4.23 | 30.4.22 |
£ | £ |
Shares in group undertakings |
Other investments not loans |
Dunhill and McGrouther Limited (Registered number: 00480026) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2023 |
4. | FIXED ASSET INVESTMENTS - continued |
Additional information is as follows: |
Shares in |
group |
undertakings |
£ |
COST |
At 1 May 2022 |
and 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
At 30 April 2022 |
Investments (neither listed nor unlisted) were as follows: |
30.4.23 | 30.4.22 |
£ | £ |
Painting | 1,950 | 1,950 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.23 | 30.4.22 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.23 | 30.4.22 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | CONTINGENT LIABILITIES |
The company is party to an unlimited inter-company cross guarantee with other trading group companies for all sums owed to the bank. |
The guarantee is supported by the various securities disclosed within the financial statements of the Parent Company. At the balance sheet date, the total amount owed to the bank which is covered by the guarantee amount is NIL (2022 - £NIL). |
Dunhill and McGrouther Limited (Registered number: 00480026) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2023 |
8. | RELATED PARTY DISCLOSURES |
Included within debtors at 30 April 2023 is an amount of £214,690 (2022 - £162,735) due by Presentation Technology Ltd . Presentation Technology Ltd is owned by Andrew McGrouther, who is also a director of Dunhill and McGrouther Ltd. Debtors also included a balance of £233,705 due by the directors (inclusive of interest charged. The loan was repaid by 14 August 2023. |
Included in creditors at 30 April 2023 is an amount of £2,279,028 due to VIP System Ltd (2022 - £2,297,287). |
Dunhill and McGrouther Ltd charged £520,000 to VIP System Ltd for management services (2022 - £358,027) |
Mr D McGrouther, Mrs B McGrouther and Mr A McGrouther are also directors of VIP System Ltd. |
9. | ULTIMATE CONTROLLING PARTY |
Ultimate controlling party - Mr & Mrs D McGrouther. |