IRIS Accounts Production v24.1.0.578 SC669020 director 1.8.22 31.7.23 31.7.23 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6690202022-07-31SC6690202023-07-31SC6690202022-08-012023-07-31SC6690202021-07-31SC6690202021-08-012022-07-31SC6690202022-07-31SC669020ns15:Scotland2022-08-012023-07-31SC669020ns14:PoundSterling2022-08-012023-07-31SC669020ns10:Director12022-08-012023-07-31SC669020ns10:PrivateLimitedCompanyLtd2022-08-012023-07-31SC669020ns10:SmallEntities2022-08-012023-07-31SC669020ns10:AuditExemptWithAccountantsReport2022-08-012023-07-31SC669020ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-31SC669020ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-31SC669020ns10:FullAccounts2022-08-012023-07-31SC669020ns10:OrdinaryShareClass12022-08-012023-07-31SC669020ns10:RegisteredOffice2022-08-012023-07-31SC669020ns5:CurrentFinancialInstruments2023-07-31SC669020ns5:CurrentFinancialInstruments2022-07-31SC669020ns5:Non-currentFinancialInstruments2023-07-31SC669020ns5:Non-currentFinancialInstruments2022-07-31SC669020ns5:ShareCapital2023-07-31SC669020ns5:ShareCapital2022-07-31SC669020ns5:FurtherSpecificReserve1ComponentTotalEquity2023-07-31SC669020ns5:FurtherSpecificReserve1ComponentTotalEquity2022-07-31SC669020ns5:Secured2023-07-31SC669020ns5:Secured2022-07-31SC669020ns5:DeferredTaxation2022-07-31SC669020ns5:DeferredTaxation2022-08-012023-07-31SC669020ns5:DeferredTaxation2023-07-31SC669020ns10:OrdinaryShareClass12023-07-31SC6690201ns10:Director12022-07-31SC6690201ns10:Director12021-07-31SC6690201ns10:Director12022-08-012023-07-31SC6690201ns10:Director12021-08-012022-07-31SC6690201ns10:Director12023-07-31SC6690201ns10:Director12022-07-31
REGISTERED NUMBER: SC669020 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

B2 HOMES LTD

B2 HOMES LTD (REGISTERED NUMBER: SC669020)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

B2 HOMES LTD

Company Information
for the Year Ended 31 July 2023







DIRECTOR: S Buchanan





REGISTERED OFFICE: 4 Portree Crescent
Polmont
Falkirk
FK2 0PA





REGISTERED NUMBER: SC669020 (Scotland)





ACCOUNTANTS: McAllisters
Paxton House
11 Woodside Crescent
Charing Cross
Glasgow
G3 7UL

B2 HOMES LTD (REGISTERED NUMBER: SC669020)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 215,000 215,000

CURRENT ASSETS
Cash at bank 509 485

CREDITORS
Amounts falling due within one year 5 34,984 55,546
NET CURRENT LIABILITIES (34,475 ) (55,061 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,525

159,939

CREDITORS
Amounts falling due after more than one
year

6

(158,045

)

(132,588

)

PROVISIONS FOR LIABILITIES 9 (13,008 ) (9,886 )
NET ASSETS 9,472 17,465

CAPITAL AND RESERVES
Called up share capital 10 10 10
Undistributable reserves 42,144 42,144
Retained earnings (32,682 ) (24,689 )
SHAREHOLDERS' FUNDS 9,472 17,465

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

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

B2 HOMES LTD (REGISTERED NUMBER: SC669020)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2024 and were signed by:





S Buchanan - Director


B2 HOMES LTD (REGISTERED NUMBER: SC669020)

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

1. STATUTORY INFORMATION

B2 Homes Ltd 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis. This is on the understanding that the director will provide funds, as and when required, to enable the debts of the company to be paid as they fall due.

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

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.

Fair value is arrived at by considering the amount that the property could be sold for between knowledgeable, willing parties at arms length.

Finance costs incurred with the purchase of 144 Charles Street have been capitalised. These finance costs amount to £4,620..

The investment properties were revalued to market value by the directors in the year to 31 July 2023.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 - 1 ).

B2 HOMES LTD (REGISTERED NUMBER: SC669020)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 215,000
NET BOOK VALUE
At 31 July 2023 215,000
At 31 July 2022 215,000

The investment properties were revalued to market value by the director in the year to 31 July 2023.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 500 500
Directors' current accounts 34,484 55,046
34,984 55,546

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Other loans (see note 7) 158,045 132,588

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 158,045 132,588

7. LOANS

An analysis of the maturity of loans is given below:

31.7.23 31.7.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Other loans more 5yrs instal 158,045 132,588

B2 HOMES LTD (REGISTERED NUMBER: SC669020)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Other loans 158,045 132,588

The loan balance are secured over the properties held at 17 South Marshall Street, Grangemouth and 144 Charles Street, Aberdeen.

9. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 13,008 9,886

Deferred
tax
£   
Balance at 1 August 2022 9,886
Provided during year 3,122
Balance at 31 July 2023 13,008

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
10 Ordinary £1 10 10

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
S Buchanan
Balance outstanding at start of year (55,046 ) (76,990 )
Amounts advanced 23,000 65,175
Amounts repaid (2,438 ) (43,231 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (34,484 ) (55,046 )

12. ULTIMATE CONTROLLING PARTY

The controlling party is S Buchanan.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
B2 Homes Ltd

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of B2 Homes Ltd for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of B2 Homes Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of B2 Homes Ltd and state those matters that we have agreed to state to the director of B2 Homes Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that B2 Homes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of B2 Homes Ltd. You consider that B2 Homes Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of B2 Homes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






McAllisters
Paxton House
11 Woodside Crescent
Charing Cross
Glasgow
G3 7UL


22 April 2024