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REGISTERED NUMBER: SC734995 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

BALURE DEVELOPMENTS LTD

BALURE DEVELOPMENTS LTD (REGISTERED NUMBER: SC734995)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BALURE DEVELOPMENTS LTD

COMPANY INFORMATION
For The Year Ended 30 June 2024







DIRECTORS: D Johnston
Mrs C Johnston





REGISTERED OFFICE: Knap
APPIN
Argyll
PA38 4BB





REGISTERED NUMBER: SC734995 (Scotland)





ACCOUNTANTS: Andy Newiss & Co Ltd
Broombank
North Connel
Oban
Argyll
PA37 1RD

BALURE DEVELOPMENTS LTD (REGISTERED NUMBER: SC734995)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 168,033 -
Cash at bank and in hand 66 2
168,099 2
CREDITORS
Amounts falling due within one year 4 169,825 -
NET CURRENT (LIABILITIES)/ASSETS (1,726 ) 2
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,726

)

2

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (1,728 ) -
SHAREHOLDERS' FUNDS (1,726 ) 2

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 28 March 2025 and were signed on its behalf by:



D Johnston - Director


BALURE DEVELOPMENTS LTD (REGISTERED NUMBER: SC734995)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Balure Developments 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

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving
these financial statements. The directors note that the business has net liabilities of £1,726.

The Company is supported through loans from its directors who have agreed to continue to support the company such that it will be able to meet all of it's financial obligations in a timely manner.

Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Stocks
Stocks relate to costs incurred to date under a design and build contract for the construction of residential dwellings. The directors consider the costs to have been stated at the lower of cost and the net realisable value of the property under construction.

Taxation
Taxation for the year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BALURE DEVELOPMENTS LTD (REGISTERED NUMBER: SC734995)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,785 -
Other creditors 161,040 -
169,825 -

5. RELATED PARTY DISCLOSURES

Amounts owed to entities in which a member has a participating interest


Members with control, joint control or significant influence over the company £11,975 (£Nil 2023)


Amounts due to related parties are incurred in the normal course of business at market values.