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Company Registration No. SC618689 (Scotland)
Modern Homes Scotland Ltd Unaudited accounts for the year ended 31 January 2024
Modern Homes Scotland Ltd Unaudited accounts Contents
Page
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Modern Homes Scotland Ltd Company Information for the year ended 31 January 2024
Director
Christopher Mackrell
Company Number
SC618689 (Scotland)
Registered Office
42 Hillside null null Croy Glasgow G65 9HL Scotland
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Modern Homes Scotland Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,600 
133,618 
Current assets
Debtors
1,001 
14,610 
Cash at bank and in hand
646,336 
52,326 
647,337 
66,936 
Creditors: amounts falling due within one year
(651,541)
(905,000)
Net current liabilities
(4,204)
(838,064)
Total assets less current liabilities
31,396 
(704,446)
Creditors: amounts falling due after more than one year
- 
(539,422)
Net assets/(liabilities)
31,396 
(1,243,868)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
31,296 
(1,243,968)
Shareholders' funds
31,396 
(1,243,868)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 October 2024 and were signed on its behalf by
Christopher Mackrell Director Company Registration No. SC618689
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Modern Homes Scotland Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Modern Homes Scotland Ltd is a private company, limited by shares, registered in Scotland, registration number SC618689. The registered office is 42 Hillside, null null, Croy, Glasgow, G65 9HL, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% RBM
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
128,618 
5,000 
133,618 
Additions
17,000 
13,600 
30,600 
Disposals
(128,618)
- 
(128,618)
At 31 January 2024
17,000 
18,600 
35,600 
Depreciation
At 31 January 2024
- 
- 
- 
Net book value
At 31 January 2024
17,000 
18,600 
35,600 
At 31 January 2023
128,618 
5,000 
133,618 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,001 
14,610 
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Modern Homes Scotland Ltd Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
905,000 
Other creditors
450,591 
- 
Loans from directors
200,000 
- 
Accruals
950 
- 
651,541 
905,000 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
- 
339,422 
Loans from directors
- 
200,000 
- 
539,422 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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