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REGISTERED NUMBER: SC558247 (Scotland)















CAMPBELL HOMES (AFTON BRAES) LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2023






CAMPBELL HOMES (AFTON BRAES) LIMITED (REGISTERED NUMBER: SC558247)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAMPBELL HOMES (AFTON BRAES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: K Lennox
H McSeveney
K Miller





REGISTERED OFFICE: 54 Glaisnock Street
Cumnock
Ayrshire
KA18 1BY





REGISTERED NUMBER: SC558247 (Scotland)





ACCOUNTANTS: JRD Partnership Ltd
Chartered Accountants
11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT

CAMPBELL HOMES (AFTON BRAES) LIMITED (REGISTERED NUMBER: SC558247)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 160,613 381,446
Debtors 4 1,197,719 622,820
Cash at bank 246,409 207,994
1,604,741 1,212,260
CREDITORS
Amounts falling due within one year 5 556,351 368,950
NET CURRENT ASSETS 1,048,390 843,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,048,390

843,310

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,048,387 843,307
1,048,390 843,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

CAMPBELL HOMES (AFTON BRAES) LIMITED (REGISTERED NUMBER: SC558247)

BALANCE SHEET - continued
28TH FEBRUARY 2023


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 Board of Directors and authorised for issue on 23rd February 2024 and were signed on its behalf by:





K Lennox - Director


CAMPBELL HOMES (AFTON BRAES) LIMITED (REGISTERED NUMBER: SC558247)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023


1. STATUTORY INFORMATION

Campbell Homes (Afton Braes) 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.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and bank loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised costs using the effective interest method.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Related Earnings.

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.


CAMPBELL HOMES (AFTON BRAES) LIMITED (REGISTERED NUMBER: SC558247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


2. ACCOUNTING POLICIES - continued
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 3 (2022 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 571,935 197,626
Other debtors 625,784 425,194
1,197,719 622,820

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 257,773 213,257
Other creditors 298,578 155,693
556,351 368,950

6. RELATED PARTY DISCLOSURES

Costs of construction services of £5,838,660 were charged by Campbell Homes Cumnock Limited, a company controlled by the directors.

Included within debtors is an amount of £571,935 due from Campbell Homes Cumnock Limited, a company controlled by the directors.