REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 December 2022 to 31 March 2024 |
for |
Casa Homes (Scotland) Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 December 2022 to 31 March 2024 |
for |
Casa Homes (Scotland) Ltd |
Casa Homes (Scotland) Ltd (Registered number: SC680074) |
Contents of the Financial Statements |
for the Period 1 December 2022 to 31 March 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
Casa Homes (Scotland) Ltd (Registered number: SC680074) |
Balance Sheet |
31 March 2024 |
31.3.24 | 30.11.22 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
Casa Homes (Scotland) Ltd (Registered number: SC680074) |
Balance Sheet - continued |
31 March 2024 |
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. |
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 |
Casa Homes (Scotland) Ltd (Registered number: SC680074) |
Notes to the Financial Statements |
for the Period 1 December 2022 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Casa Homes (Scotland) Ltd. is a private company, limited by shares, domiciled in Scotland, registration number SC680074. The registered office is 6 Castle Bank Road, Bankside Industrial Estate, Falkirk, FK2 7UY. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Stocks |
Stocks are represented by property development work in progress and are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the work in progress to its 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. |
Provisions |
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material. |
Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 30.11.22 |
£ | £ |
Other debtors |
Casa Homes (Scotland) Ltd (Registered number: SC680074) |
Notes to the Financial Statements - continued |
for the Period 1 December 2022 to 31 March 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 30.11.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to related parties | 140,501 | 191,080 |
Other creditors |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.24 | 30.11.22 |
£ | £ |
Bank loans |
The bank loan is secured by a first ranking security over the heritable property of the company and a floating charge over the assets of the company. |
7. | RELATED PARTY DISCLOSURES |
CASA Homes (Scotland) Ltd. owed a company with a common director and shareholder £140,501 at 31st March 2024 (2022 - £191,080). |
CASA Homes (Scotland) Ltd. owed £150,000 to a family member of a director and shareholder. |