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REGISTERED NUMBER: SC580266 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

SDA HOMES LIMITED

SDA HOMES LIMITED (REGISTERED NUMBER: SC580266)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SDA HOMES LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTOR: D Stott





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC580266 (Scotland)






SDA HOMES LIMITED (REGISTERED NUMBER: SC580266)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 167,183 167,183

CURRENT ASSETS
Debtors 5 1,130 3,028
Cash at bank 5,795 1,021
6,925 4,049
CREDITORS
Amounts falling due within one year 6 150,862 145,087
NET CURRENT LIABILITIES (143,937 ) (141,038 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,246

26,145

CREDITORS
Amounts falling due after more than one
year

7

34,668

39,899
NET LIABILITIES (11,422 ) (13,754 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (11,423 ) (13,755 )
(11,422 ) (13,754 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

SDA HOMES LIMITED (REGISTERED NUMBER: SC580266)

Balance Sheet - continued
31 October 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 director and authorised for issue on 3 April 2024 and were signed by:





D Stott - Director


SDA HOMES LIMITED (REGISTERED NUMBER: SC580266)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

SDA 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 167,183
NET BOOK VALUE
At 31 October 2023 167,183
At 31 October 2022 167,183

SDA HOMES LIMITED (REGISTERED NUMBER: SC580266)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by related parties 1,130 3,028

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,453 1,919
Amounts owed to related parties 1,020 -
Taxation and social security 547 2,918
Other creditors 144,842 140,250
150,862 145,087

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 34,668 39,899

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 14,668 19,899

8. ULTIMATE CONTROLLING PARTY

The controlling party is D Stott.

9. GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to financially support the company.