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REGISTERED NUMBER: 05465988 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

CCM HOMES (SCOTLAND) LTD

CCM HOMES (SCOTLAND) LTD (Registered number: 05465988)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CCM HOMES (SCOTLAND) LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr S P Drakeford
Mr I R Jellett





SECRETARY: Mrs S N Green





REGISTERED OFFICE: 12 West Links
Tollgate
Chandlers Ford
Eastleigh
Hampshire
SO53 3TG





REGISTERED NUMBER: 05465988 (England and Wales)





ACCOUNTANTS: Talbot Accounting Solutions LLP
Bartley Cottage
Ringwood Road
Bartley
Southampton
Hampshire
SO40 7LD

CCM HOMES (SCOTLAND) LTD (Registered number: 05465988)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,913 1,393

CURRENT ASSETS
Stocks 3,427,073 3,109,417
Debtors 5 640,934 794,808
Cash at bank 5,824 132,914
4,073,831 4,037,139
CREDITORS
Amounts falling due within one year 6 4,148,819 4,008,527
NET CURRENT (LIABILITIES)/ASSETS (74,988 ) 28,612
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,075

)

30,005

CREDITORS
Amounts falling due after more than one
year

7

24,723

20,542
NET (LIABILITIES)/ASSETS (80,798 ) 9,463

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings (81,098 ) 9,163
(80,798 ) 9,463

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

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

CCM HOMES (SCOTLAND) LTD (Registered number: 05465988)

Balance Sheet - continued
31 December 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 19 September 2024 and were signed on its behalf by:





Mr I R Jellett - Director


CCM HOMES (SCOTLAND) LTD (Registered number: 05465988)

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

1. STATUTORY INFORMATION

CCM HOMES (SCOTLAND) LTD is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment 33% reducing balance
Motor vehicles 25% reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 2 (2022 - 2 ) .

CCM HOMES (SCOTLAND) LTD (Registered number: 05465988)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 17,379
Additions 23,192
Disposals (14,714 )
At 31 December 2023 25,857
DEPRECIATION
At 1 January 2023 15,986
Charge for year 4,384
Eliminated on disposal (13,426 )
At 31 December 2023 6,944
NET BOOK VALUE
At 31 December 2023 18,913
At 31 December 2022 1,393

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 579,372 619,372
Other debtors 61,562 175,436
640,934 794,808

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 8,065 -
Hire purchase contracts 4,401 -
Amounts owed to participating interests 1,458,863 1,458,863
Taxation and social security - 2,174
Other creditors 2,677,490 2,547,490
4,148,819 4,008,527

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 13,185 20,542
Hire purchase contracts 11,538 -
24,723 20,542

At the reporting date the company owed £2,469,900 (2022 - £2,339,900), which is secured by fixed charges by land included in work in progress.

CCM HOMES (SCOTLAND) LTD (Registered number: 05465988)

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

8. RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:

Cost and Construction Management Limited
A company of which Mr S P Drakeford is a director and shareholder.

At the year end the company owed £140,000 (2022: £140,000) to Cost and Construction Management Limited as a long-term loan. No interest has been charged on the loan.

Mr I R Jellett
A director and shareholder.

At the year end the company owed £2,677,490 (2022: 2,339,900) to Mr I R Jellett as a long-term loan.
No interest has been charged on the loan.

S I J Limited
The company has taken advantage of the exemption available in FRS102 whereby it has not disclosed
transactions with its ultimate parent company