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REGISTERED NUMBER: SC639002 (Scotland)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

FOR

ABERNETHY HOMES LIMITED

ABERNETHY HOMES LIMITED (REGISTERED NUMBER: SC639002)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

ABERNETHY HOMES LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2021







DIRECTOR: T J Abernethy





SECRETARY:





REGISTERED OFFICE: 7 Gavel Lane
Lanark
Lanarkshire
ML11 9FB





REGISTERED NUMBER: SC639002 (Scotland)





ACCOUNTANTS: G. Ingram and Company Limited
8 Abbeygreen
Lesmahagow
South Lanarkshire
ML11 0DB

ABERNETHY HOMES LIMITED (REGISTERED NUMBER: SC639002)

BALANCE SHEET
31 August 2021

31.8.21 31.8.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 653 816

CURRENT ASSETS
Debtors 5 26,353 20,771
Cash at bank and in hand 8,397 14,346
34,750 35,117
CREDITORS
Amounts falling due within one year 6 15,878 13,294
NET CURRENT ASSETS 18,872 21,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,525

22,639

CREDITORS
Amounts falling due after more than one
year

7

16,290

20,000
NET ASSETS 3,235 2,639

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,135 2,539
SHAREHOLDERS' FUNDS 3,235 2,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ABERNETHY HOMES LIMITED (REGISTERED NUMBER: SC639002)

BALANCE SHEET - continued
31 August 2021


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 27 August 2022 and were signed by:





T J Abernethy - Director


ABERNETHY HOMES LIMITED (REGISTERED NUMBER: SC639002)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2021

1. STATUTORY INFORMATION

Abernethy Homes 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on reducing balance

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 1 (2020 - 1 ) .

ABERNETHY HOMES LIMITED (REGISTERED NUMBER: SC639002)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2021

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2020
and 31 August 2021 1,020
DEPRECIATION
At 1 September 2020 204
Charge for year 163
At 31 August 2021 367
NET BOOK VALUE
At 31 August 2021 653
At 31 August 2020 816

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Trade debtors 26,353 20,771

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Trade creditors 14,034 11,899
Taxation and social security 706 432
Other creditors 1,138 963
15,878 13,294

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.21 31.8.20
£    £   
Bank loans 16,290 20,000

ABERNETHY HOMES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
ABERNETHY HOMES LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2021 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






G. Ingram and Company Limited
8 Abbeygreen
Lesmahagow
South Lanarkshire
ML11 0DB


Date: .............................................