Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30trueNo description of principal activitytruetrue2023-07-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC480767 2023-07-01 2024-06-30 SC480767 2022-07-01 2023-06-30 SC480767 2024-06-30 SC480767 2023-06-30 SC480767 c:CompanySecretary1 2023-07-01 2024-06-30 SC480767 c:Director2 2023-07-01 2024-06-30 SC480767 c:Director4 2023-07-01 2024-06-30 SC480767 c:RegisteredOffice 2023-07-01 2024-06-30 SC480767 d:CurrentFinancialInstruments 2024-06-30 SC480767 d:CurrentFinancialInstruments 2023-06-30 SC480767 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC480767 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC480767 d:ShareCapital 2024-06-30 SC480767 d:ShareCapital 2023-06-30 SC480767 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC480767 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC480767 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC480767 c:OrdinaryShareClass1 2024-06-30 SC480767 c:OrdinaryShareClass1 2023-06-30 SC480767 c:OrdinaryShareClass2 2023-07-01 2024-06-30 SC480767 c:OrdinaryShareClass2 2024-06-30 SC480767 c:OrdinaryShareClass2 2023-06-30 SC480767 c:FRS102 2023-07-01 2024-06-30 SC480767 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC480767 c:FullAccounts 2023-07-01 2024-06-30 SC480767 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC480767













CHURCHILL HOMES (CULTER HOUSE) LIMITED






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

 
CHURCHILL HOMES (CULTER HOUSE) LIMITED
 

COMPANY INFORMATION


Directors
G D Pirie 
R A Pirie 




Company secretary
R Pirie



Registered number
SC480767



Registered office
Brodies House
31 - 33 Union Grove

Aberdeen

AB10 6SD





 
CHURCHILL HOMES (CULTER HOUSE) LIMITED
 

CONTENTS



Page
Directors' Responsibilities Statement
1
Balance Sheet
2 - 3
Notes to the Financial Statements
4 - 9

 
CHURCHILL HOMES (CULTER HOUSE) 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 (CULTER HOUSE) LIMITED

REGISTERED NUMBER:SC480767

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
-
332,611

Debtors: amounts falling due within one year
 4 
126
96

Cash at bank and in hand
 5 
1,720
24,072

  
1,846
356,779

Creditors: amounts falling due within one year
 6 
(698,185)
(941,527)

Net current liabilities
  
 
 
(696,339)
 
 
(584,748)

Total assets less current liabilities
  
(696,339)
(584,748)

  

Net liabilities
  
(696,339)
(584,748)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(696,439)
(584,848)

  
(696,339)
(584,748)


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 (CULTER HOUSE) LIMITED

REGISTERED NUMBER:SC480767

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 (CULTER HOUSE) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is a private company limited by shares and is incorporated in Scotland. The address of the registered office is Brodies House, 31 - 33 Union Grove, Aberdeen, 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

At 30 June 2024 the company has net current liabilities of £696,339 (2023 - £584,748). Included within liabilities are amounts due to related companies of £695,264 (2023 - £836,776). The financial statements are prepared on a going concern basis, which assumes that the company will continue to meet its liabilities as they fall due. The related companies have confirmed they shall not seek repayment of amounts due to the detriment of other creditors. Furthermore the related companies have confirmed they shall continue to support the company to facilitate its ability to continue trading as a going concern for the foreseeable future
Given the support noted above directors remain confident that the company can continue to operate as a going concern and therefore 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.

Page 4
 

 
CHURCHILL HOMES (CULTER HOUSE) LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Stocks and work in progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

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.

 
2.6

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.

 
2.7

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.
Page 5
 

 
CHURCHILL HOMES (CULTER HOUSE) LIMITED
 

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

2.Accounting policies (continued)

 
2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.



 
Page 6
 

 
CHURCHILL HOMES (CULTER HOUSE) LIMITED
 

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

2.Accounting policies (continued)


2.8
Financial instruments (continued)

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.


3.


Employees

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

Page 7
 

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

4.


Debtors

2024
2023
£
£


Other debtors
126
96

126
96



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,720
24,072

1,720
24,072



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
99,185

Trade creditors
-
108

Amounts owed to other participating interests
695,264
836,776

Other creditors
71
71

Accruals and deferred income
2,850
5,387

698,185
941,527


Page 8
 

 
CHURCHILL HOMES (CULTER HOUSE) 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
10 (2023 - 10) B Ordinary shares of £1.00 each
10
10

100

100



8.


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 not disclosed transactions with companies in the same group. 
ole58f3.png


Page 9