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REGISTERED NUMBER: SC338809 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Barony Homes Ltd

Barony Homes Ltd (Registered number: SC338809)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Barony Homes Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: W Roddie
J Roddie





REGISTERED OFFICE: 120 Carstairs Street
Dalmarnock
Glasgow
G40 4JD





REGISTERED NUMBER: SC338809 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Barony Homes Ltd (Registered number: SC338809)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,626 37,626

CURRENT ASSETS
Debtors 5 1,026,051 1,032,051
Cash at bank and in hand 1,216 3,890
1,027,267 1,035,941
CREDITORS
Amounts falling due within one year 6 604,015 610,984
NET CURRENT ASSETS 423,252 424,957
TOTAL ASSETS LESS CURRENT
LIABILITIES

460,878

462,583

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 460,877 462,582
SHAREHOLDERS' FUNDS 460,878 462,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 27 January 2025 and were signed on its behalf by:





W Roddie - Director


Barony Homes Ltd (Registered number: SC338809)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Barony Homes Ltd is a private company, limited by shares , registered in Scotland. 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 97,310 36,217 133,527
DEPRECIATION
At 1 May 2023
and 30 April 2024 66,130 29,771 95,901
NET BOOK VALUE
At 30 April 2024 31,180 6,446 37,626
At 30 April 2023 31,180 6,446 37,626

5. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Other debtors 11,369 11,369
Amounts owed by group undertakings 1,014,682 -
1,026,051 11,369

Barony Homes Ltd (Registered number: SC338809)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS - continued
30.4.24 30.4.23
£    £   
Amounts falling due after more than one year:
Spectrum Properties East loan - 740,000
Spectrum Properties West loan - 280,682
- 1,020,682

Aggregate amounts 1,026,051 1,032,051

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Creditors 6,136 29,723
Amounts owed to group undertakings 564,080 -
Tax 32,299 53,691
Spectrum Properties Scotland - 527,570
Accrued expenses 1,500 -
604,015 610,984

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 1 1