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REGISTERED NUMBER: SC639110 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

M8 Homes (Scotland) Ltd

M8 Homes (Scotland) Ltd (Registered number: SC639110)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


M8 Homes (Scotland) Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: M J Morrell
S E Leach





REGISTERED OFFICE: 15 Queen Street
Edinburgh
EH2 1JE





REGISTERED NUMBER: SC639110 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

M8 Homes (Scotland) Ltd (Registered number: SC639110)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Investment property 4 260,000 190,067

CURRENT ASSETS
Cash at bank 38,894 36,159

CREDITORS
Amounts falling due within one year 5 205,473 208,458
NET CURRENT LIABILITIES (166,579 ) (172,299 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,421

17,768

PROVISIONS FOR LIABILITIES 17,483 -
NET ASSETS 75,938 17,768

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6 52,450 -
Retained earnings 23,388 17,668
75,938 17,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 25 April 2025 and were signed on its behalf by:




S E Leach - Director



M J Morrell - Director


M8 Homes (Scotland) Ltd (Registered number: SC639110)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

M8 Homes (Scotland) 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
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2024 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 190,067
Revaluations 69,933
At 31 March 2025 260,000
NET BOOK VALUE
At 31 March 2025 260,000
At 31 March 2024 190,067

M8 Homes (Scotland) Ltd (Registered number: SC639110)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2019 190,067
Valuation in 2025 69,933
260,000

If Investment property had not been revalued it would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 190,067 190,067

Investment property was valued on an open market basis on 31 March 2025 by a professional valuer .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Taxation and social security 1,518 3,404
Other creditors 203,955 205,054
205,473 208,458

6. RESERVES
Fair
value
reserve
£   
Fair value transfer 52,450

At 31 March 2025 52,450