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Registered Number: SC637850
Scotland

 

 

 


Unaudited Financial Statements

for the year ended 31 August 2023

for

NEW HOMES FOR LIFE LTD

Director Brian Hutchison
Registered Number SC637850
Registered Office 15/5 South Oswald Road
Edinburgh
EH9 2HQ
Accountants FBD Consultancy Accounts & Tax Ltd.
4 Glasgow Road
Bonnybridge
FK4 1QF
1
Director's report and financial statements
The director presents his/her/their report and accounts for the year ended 31 August 2023.
Director
The director who served the company throughout the year was as follows:
Brian Hutchison
Statement of director's responsibilities
The director is responsible for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
  • select suitable accounting policies and then apply them consistently
  • make judgements and estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


The director is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the board.


----------------------------------
Brian Hutchison
Director

Date approved: 30 August 2024
2
  2023   2022
    £ £   £ £
Current assets 424,022      437,592   
Creditors: amount falling due within one year (453,884)     (453,352)  
Net current assets   (29,862)     (15,760)
Total assets less current liabilities   (29,862)     (15,760)
Net assets   (29,862)     (15,760)
 

         
Capital and reserves   (29,862)     (15,760)
 
NOTES TO THE ACCOUNTS

General Information
New Homes For Life Ltd is a private company, limited by shares, registered in Scotland, registration number SC637850, registration address 15/5 South Oswald Road, Edinburgh, EH9 2HQ.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).


For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 30 August 2024 and were signed by:


--------------------------------
Brian Hutchison
Director
3