Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC702175 2022-07-01 2023-06-30 SC702175 2021-07-01 2022-06-30 SC702175 2023-06-30 SC702175 2022-06-30 SC702175 c:Director1 2022-07-01 2023-06-30 SC702175 c:Director2 2022-07-01 2023-06-30 SC702175 c:RegisteredOffice 2022-07-01 2023-06-30 SC702175 d:PlantMachinery 2022-07-01 2023-06-30 SC702175 d:PlantMachinery 2023-06-30 SC702175 d:PlantMachinery 2022-06-30 SC702175 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC702175 d:MotorVehicles 2022-07-01 2023-06-30 SC702175 d:MotorVehicles 2023-06-30 SC702175 d:MotorVehicles 2022-06-30 SC702175 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC702175 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC702175 d:CurrentFinancialInstruments 2023-06-30 SC702175 d:CurrentFinancialInstruments 2022-06-30 SC702175 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC702175 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 SC702175 d:ShareCapital 2023-06-30 SC702175 d:ShareCapital 2022-06-30 SC702175 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC702175 d:RetainedEarningsAccumulatedLosses 2022-06-30 SC702175 c:OrdinaryShareClass1 2022-07-01 2023-06-30 SC702175 c:OrdinaryShareClass1 2023-06-30 SC702175 c:OrdinaryShareClass1 2022-06-30 SC702175 c:FRS102 2022-07-01 2023-06-30 SC702175 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC702175 c:FullAccounts 2022-07-01 2023-06-30 SC702175 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC702175 2 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC702175










LORNE VIEW HOMES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 
LORNE VIEW HOMES LIMITED
 

COMPANY INFORMATION


Directors
Mr G J Rennie 
Mr N R Till 




Registered number
SC702175



Registered office
14 City Quay

Dundee

DD1 3JA




Accountants
EQ Accountants LLP
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
LORNE VIEW HOMES LIMITED
REGISTERED NUMBER: SC702175

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
5,217
-

  
5,217
-

Current assets
  

Debtors: amounts falling due within one year
 5 
28,496
38,328

Bank and cash balances
  
21,107
1,054

  
49,603
39,382

Creditors: amounts falling due within one year
 6 
(42,618)
(29,447)

Net current assets
  
 
 
6,985
 
 
9,935

Total assets less current liabilities
  
12,202
9,935

Provisions for liabilities
  

Deferred tax
  
(1,069)
-

  
 
 
(1,069)
 
 
-

Net assets
  
11,133
9,935


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
11,033
9,835

  
11,133
9,935


Page 1

 
LORNE VIEW HOMES LIMITED
REGISTERED NUMBER: SC702175

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 November 2023.




Mr N R Till
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LORNE VIEW HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Lorne View Homes Limited is a private company, limited by shares and domiciled in Scotland with registration number SC702175. The registered office is Unit 14 City Quay, Dundee, DD1 3JA. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
LORNE VIEW HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
LORNE VIEW HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


Additions
650
5,565
6,215



At 30 June 2023

650
5,565
6,215



Depreciation


Charge for the year on owned assets
163
835
998



At 30 June 2023

163
835
998



Net book value



At 30 June 2023
487
4,730
5,217



At 30 June 2022
-
-
-

Page 5

 
LORNE VIEW HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Trade debtors
5,724
5,299

CIS tax recoverable
21,804
7,931

Other debtors
968
25,098

28,496
38,328



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
27,340
27,140

Other taxation and social security
15,278
2,307

42,618
29,447



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



Page 6