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REGISTERED NUMBER: SC755819 (Scotland)












Financial Statements

for the Period

18 January 2023 to 31 March 2024

for

Briar Homes (Howwood) Limited

Briar Homes (Howwood) Limited (Registered number: SC755819)






Contents of the Financial Statements
for the Period 18 January 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Briar Homes (Howwood) Limited

Company Information
for the Period 18 January 2023 to 31 March 2024







DIRECTORS: A Geddes
P D Kelly
K Sexton





REGISTERED OFFICE: Radleigh House 1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC755819 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Briar Homes (Howwood) Limited (Registered number: SC755819)

Balance Sheet
31 March 2024

Notes £   
CURRENT ASSETS
Stocks 2,333,487
Debtors 3 155,467
Cash at bank 9,308
2,498,262
CREDITORS
Amounts falling due within one year 4 2,499,501
NET CURRENT LIABILITIES (1,239 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,239

)

CAPITAL AND RESERVES
Called up share capital 5 1
Retained earnings (1,240 )
SHAREHOLDERS' FUNDS (1,239 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

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 11 October 2024 and were signed on its behalf by:





P D Kelly - Director


Briar Homes (Howwood) Limited (Registered number: SC755819)

Notes to the Financial Statements
for the Period 18 January 2023 to 31 March 2024

1. 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Inventories
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 period 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 period 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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Impairment of fixed assets
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Briar Homes (Howwood) Limited (Registered number: SC755819)

Notes to the Financial Statements - continued
for the Period 18 January 2023 to 31 March 2024

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by associates 90,417
Other debtors 65,050
155,467

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 1,368,546
Trade creditors 10,020
Amounts owed to associates 439,935
Other creditors 681,000
2,499,501

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary Shares £1 1