Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30Property developmenttruetruefalsetrue2023-07-01false44The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC115752 2023-07-01 2024-06-30 SC115752 2022-07-01 2023-06-30 SC115752 2024-06-30 SC115752 2023-06-30 SC115752 c:CompanySecretary1 2023-07-01 2024-06-30 SC115752 c:Director1 2023-07-01 2024-06-30 SC115752 c:Director3 2023-07-01 2024-06-30 SC115752 c:Director4 2023-07-01 2024-06-30 SC115752 c:RegisteredOffice 2023-07-01 2024-06-30 SC115752 d:MotorVehicles 2023-07-01 2024-06-30 SC115752 d:MotorVehicles 2024-06-30 SC115752 d:MotorVehicles 2023-06-30 SC115752 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC115752 d:OfficeEquipment 2023-07-01 2024-06-30 SC115752 d:OfficeEquipment 2024-06-30 SC115752 d:OfficeEquipment 2023-06-30 SC115752 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC115752 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC115752 d:CurrentFinancialInstruments 2024-06-30 SC115752 d:CurrentFinancialInstruments 2023-06-30 SC115752 d:Non-currentFinancialInstruments 2023-07-01 2024-06-30 SC115752 d:Non-currentFinancialInstruments 2024-06-30 SC115752 d:Non-currentFinancialInstruments 2023-06-30 SC115752 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC115752 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC115752 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 SC115752 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC115752 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 SC115752 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 SC115752 d:ShareCapital 2024-06-30 SC115752 d:ShareCapital 2023-06-30 SC115752 d:CapitalRedemptionReserve 2024-06-30 SC115752 d:CapitalRedemptionReserve 2023-06-30 SC115752 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC115752 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC115752 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC115752 c:OrdinaryShareClass1 2024-06-30 SC115752 c:OrdinaryShareClass1 2023-06-30 SC115752 c:OrdinaryShareClass3 2023-07-01 2024-06-30 SC115752 c:OrdinaryShareClass3 2024-06-30 SC115752 c:OrdinaryShareClass3 2023-06-30 SC115752 c:FRS102 2023-07-01 2024-06-30 SC115752 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC115752 c:FullAccounts 2023-07-01 2024-06-30 SC115752 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC115752 d:HirePurchaseContracts d:WithinOneYear 2024-06-30 SC115752 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 SC115752 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-06-30 SC115752 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC115752













CHURCHILL HOMES (ABERDEEN) LIMITED






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

 
CHURCHILL HOMES (ABERDEEN) LIMITED
 

COMPANY INFORMATION


Directors
G D Pirie 
R A Pirie 
A M E Pirie Barter 




Company secretaries
R Pirie



Registered number
SC115752



Registered office
Brodies House
31 - 33 Union Grove

Aberdeen

AB10 6SD





 
CHURCHILL HOMES (ABERDEEN) LIMITED
 

CONTENTS



Page
Directors' responsibilities statement
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9

 
CHURCHILL HOMES (ABERDEEN) 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 (ABERDEEN) LIMITED

REGISTERED NUMBER:SC115752

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
57,378
17,247

  
57,378
17,247

Current assets
  

Stocks
 5 
1,931,904
503,449

Debtors: amounts falling due within one year
 6 
1,098,871
1,275,421

Cash at bank and in hand
 7 
36,093
98,056

  
3,066,868
1,876,926

Creditors: amounts falling due within one year
 8 
(806,562)
(194,374)

Net current assets
  
 
 
2,260,306
 
 
1,682,552

Total assets less current liabilities
  
2,317,684
1,699,799

Creditors: amounts falling due after more than one year
 9 
(1,435,693)
(358,381)

  

Net assets
  
881,991
1,341,418


Capital and reserves
  

Called up share capital 
 12 
19,250
19,250

Capital redemption reserve
  
96,820
96,820

Profit and loss account
  
765,921
1,225,348

  
881,991
1,341,418


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 (ABERDEEN) LIMITED

REGISTERED NUMBER:SC115752

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 9 form part of these financial statements.

Page 3
 

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

1.


General information

Churchill Homes (Aberdeen) Limited is a company limited by shares incorporated in Scotland. The registered office is Brodies House, 31-33 Union Grove, Aberdeen, Scotland, AB10 6SD.

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

The directors, having made due and careful enquiry and considering current trading, are of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. 
The directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4
 

 
CHURCHILL HOMES (ABERDEEN) LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Pensions

The company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Stocks and Work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making
due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an
appropriate proportion of fixed and variable overheads.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Page 5
 

 
CHURCHILL HOMES (ABERDEEN) LIMITED
 

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

2.Accounting policies (continued)


2.10
Financial instruments (continued)

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
3,333
27,985
31,318


Additions
56,507
2,996
59,503



At 30 June 2024

59,840
30,981
90,821



Depreciation


At 1 July 2023
1,335
12,736
14,071


Charge for the year on owned assets
11,968
7,404
19,372



At 30 June 2024

13,303
20,140
33,443



Net book value



At 30 June 2024
46,537
10,841
57,378



At 30 June 2023
1,998
15,249
17,247

Page 6
 

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

5.


Stocks

2024
2023
£
£

Work in progress
1,931,904
503,449

1,931,904
503,449



6.


Debtors

2024
2023
£
£


Amounts owed by joint ventures and associated undertakings
1,040,365
1,178,526

Other debtors
7,384
4,217

Prepayments and accrued income
51,122
92,678

1,098,871
1,275,421



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
36,093
98,056

36,093
98,056



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
590,892
-

Trade creditors
53,154
87,217

Other taxation and social security
1,973
1,715

Obligations under finance lease and hire purchase contracts
2,592
-

Other creditors
1,102
1,864

Accruals and deferred income
156,849
103,578

806,562
194,374


Page 7
 

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

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
1,405,804
358,381

Net obligations under finance leases and hire purchase contracts
29,889
-

1,435,693
358,381


The other loan is secured by a floating charge over the whole assets of the company, a standard security over development sites and a charge over a bank account.


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
590,892
-


590,892
-

Amounts falling due 1-2 years

Other loans
1,405,804
358,381


1,405,804
358,381



1,996,696
358,381



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
2,592
-

Between 1-5 years
29,889
-

32,481
-

Page 8
 

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

12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



11,122 (2023 - 11,122) Ordinary shares of £1.00 each
11,122
11,122
8,128 (2023 - 8,128) Ordinary B shares of £1.00 each
8,128
8,128

19,250

19,250



13.


Related party transactions

Control
Throughout the year the company was controlled by the director.
Transactions
The company has taken advantage of the exemption given by section 33 within section 1A of the Financial Reporting Standard 102, and does not disclose transactions with companies in the same group.
ole2412.png


Page 9