Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30truetrue2023-07-01falseProperty development22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC525515 2023-07-01 2024-06-30 SC525515 2022-07-01 2023-06-30 SC525515 2024-06-30 SC525515 2023-06-30 SC525515 c:CompanySecretary1 2023-07-01 2024-06-30 SC525515 c:Director2 2023-07-01 2024-06-30 SC525515 c:Director3 2023-07-01 2024-06-30 SC525515 c:RegisteredOffice 2023-07-01 2024-06-30 SC525515 d:CurrentFinancialInstruments 2024-06-30 SC525515 d:CurrentFinancialInstruments 2023-06-30 SC525515 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC525515 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC525515 d:ShareCapital 2024-06-30 SC525515 d:ShareCapital 2023-06-30 SC525515 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC525515 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC525515 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC525515 c:OrdinaryShareClass1 2024-06-30 SC525515 c:OrdinaryShareClass1 2023-06-30 SC525515 c:OrdinaryShareClass2 2023-07-01 2024-06-30 SC525515 c:OrdinaryShareClass2 2024-06-30 SC525515 c:OrdinaryShareClass2 2023-06-30 SC525515 c:OrdinaryShareClass3 2023-07-01 2024-06-30 SC525515 c:OrdinaryShareClass3 2024-06-30 SC525515 c:OrdinaryShareClass3 2023-06-30 SC525515 c:FRS102 2023-07-01 2024-06-30 SC525515 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC525515 c:FullAccounts 2023-07-01 2024-06-30 SC525515 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC525515













CHURCHILL HOMES (LOIRSTON) LIMITED






UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024

 
CHURCHILL HOMES (LOIRSTON) LIMITED
 

COMPANY INFORMATION


Directors
G D Pirie 
R A Pirie 




Company secretary
R A Pirie



Registered number
SC525515



Registered office
Brodies House
31-33 Union Grove

Aberdeen

AB10 6SD





 
CHURCHILL HOMES (LOIRSTON) LIMITED
 

CONTENTS



Page
Directors' responsibilities statement
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6


 
CHURCHILL HOMES (LOIRSTON) LIMITED
 

DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

 In preparing these financial statements, the directors are required to:

select suitable accounting policies for the company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 1
 

 
CHURCHILL HOMES (LOIRSTON) LIMITED

REGISTERED NUMBER:SC525515

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
323,740
323,740

Debtors: amounts falling due within one year
 4 
100
170

Cash at bank and in hand
 5 
2,195
1,576

  
326,035
325,486

Creditors: amounts falling due within one year
 6 
(347,051)
(343,701)

Net current liabilities
  
 
 
(21,016)
 
 
(18,215)

Total assets less current liabilities
  
(21,016)
(18,215)

  

Net liabilities
  
(21,016)
(18,215)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(21,116)
(18,315)

  
(21,016)
(18,215)


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 2
 

 
CHURCHILL HOMES (LOIRSTON) LIMITED

REGISTERED NUMBER:SC525515

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G D Pirie
Director

Date: 26 March 2025

The notes on pages 4 to 6 form part of these financial statements.

Page 3
 

 
CHURCHILL HOMES (LOIRSTON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Churchill Homes (Loirston) Limited is a private limited company incorporated in Scotland. The registered office is Brodies House 31-33 Union Grove, Aberdeen, United Kingdom, AB10 6SD. The company's principal activity is the development of land.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At 30 June 2024 the company had net liabilities of £21,016 (2022 - £18,215).  The company is financed by a related party (see Note 6).  The balance is unsecured and has no set repayment terms.
 
After making enquiries, the directors have a reasonable expectation that the company, with the support of its related party, has adequate resources to continue in operational existence for the foreseeable future.  Accordingly, the financial statements have been prepared on a going concern basis. 

  
2.3

Income recognition

Profit will be recognised on house sales when contracts are exchanged and building work is substantially complete.

 
2.4

Taxation

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.

 
2.5

Work in progress

Work in progress is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving items. 

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4
 

 
CHURCHILL HOMES (LOIRSTON) LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Other debtors
100
170

100
170



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,195
1,576

2,195
1,576



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
345,101
341,751

Accruals and deferred income
1,950
1,950

347,051
343,701


Page 5
 

 
CHURCHILL HOMES (LOIRSTON) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



90 (2023 - 90) Ordinary shares of £1.00 each
90
90
5 (2023 - 5) Ordinary B shares of £1.00 each
5
5
5 (2023 - 5) Ordinary C shares of £1.00 each
5
5

100

100



8.


Related party transactions

During the year there were transactions totalling £3,350 with a related company. At the year end the balance due by Churchill Homes (Loirston) Limited to the related company was £345,101.


9.


Controlling party

The ultimate controlling party is G Pirie.

Page 6