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REGISTERED NUMBER: SC470064 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ALAN BUCHAN HOMES LIMITED

ALAN BUCHAN HOMES LIMITED (REGISTERED NUMBER: SC470064)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALAN BUCHAN HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs F M Buchan
A W Buchan
S J Mitchell





SECRETARY: Mrs F M Buchan





REGISTERED OFFICE: Unit 16/17 East Banchory Business Park
Burn O'Bennie Road
Banchory
Aberdeenshire
AB31 5ZU





REGISTERED NUMBER: SC470064 (Scotland)

ALAN BUCHAN HOMES LIMITED (REGISTERED NUMBER: SC470064)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,172 8,640
Investments 6 100 100
Investment property 7 1,074,579 1,074,579
1,081,851 1,083,319

CURRENT ASSETS
Debtors 8 372,485 370,948
Cash at bank 127,938 154,512
500,423 525,460
CREDITORS
Amounts falling due within one year 9 672,386 720,458
NET CURRENT LIABILITIES (171,963 ) (194,998 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

909,888

888,321

CREDITORS
Amounts falling due after more than one
year

10

(291,013

)

(315,784

)

PROVISIONS FOR LIABILITIES (79,657 ) (48,640 )
NET ASSETS 539,218 523,897

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Revaluation reserve 11 180,433 180,433
Retained earnings 258,785 243,464
SHAREHOLDERS' FUNDS 539,218 523,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

ALAN BUCHAN HOMES LIMITED (REGISTERED NUMBER: SC470064)

BALANCE SHEET - continued
31 MARCH 2024


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 March 2025 and were signed on its behalf by:




A W Buchan - Director



S J Mitchell - Director


ALAN BUCHAN HOMES LIMITED (REGISTERED NUMBER: SC470064)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Alan Buchan Homes Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

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 etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


ALAN BUCHAN HOMES LIMITED (REGISTERED NUMBER: SC470064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued
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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 21,281
DEPRECIATION
At 1 April 2023 12,641
Charge for year 1,468
At 31 March 2024 14,109
NET BOOK VALUE
At 31 March 2024 7,172
At 31 March 2023 8,640

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

ALAN BUCHAN HOMES LIMITED (REGISTERED NUMBER: SC470064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,074,579
NET BOOK VALUE
At 31 March 2024 1,074,579
At 31 March 2023 1,074,579

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,206 892
Amounts owed by group undertakings 370,606 370,006
Other debtors 673 50
372,485 370,948

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,450 23,450
Trade creditors 3,823 2,141
Amounts owed to group undertakings 594,686 639,249
Taxation and social security - 5,808
Other creditors 50,427 49,810
672,386 720,458

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 291,013 315,784

11. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 180,433

12. OTHER FINANCIAL COMMITMENTS

The bank loan is secured by a guarantee from the parent company.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A W Buchan.