Company Registration No. SC789428 (Scotland)
Branch LV Limited
Unaudited accounts
for the period from 15 November 2023 to 30 November 2024
Branch LV Limited
Unaudited accounts
Contents
Branch LV Limited
Company Information
for the period from 15 November 2023 to 30 November 2024
Directors
Antony John Branch
Monica Lopez Vera
Company Number
SC789428 (Scotland)
Registered Office
28 Albyn Place
Aberdeen
AB10 1YL
United Kingdom
Branch LV Limited
Statement of financial position
as at 30 November 2024
Investment property
602,645
Cash at bank and in hand
10,164
Creditors: amounts falling due within one year
(610,044)
Net current liabilities
(599,136)
Profit and loss account
6,660
For the period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by
Antony John Branch
Director
Company Registration No. SC789428
Branch LV Limited
Notes to the Accounts
for the period from 15 November 2023 to 30 November 2024
Branch LV Limited is a private company, limited by shares, registered in Scotland, registration number SC789428. The registered office is 28 Albyn Place, Aberdeen, AB10 1YL, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable for rental income provided in the normal course of business.
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight-line
Investment property is initially recognised at cost, which includes the purchase cost and any attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Branch LV Limited
Notes to the Accounts
for the period from 15 November 2023 to 30 November 2024
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Tangible fixed assets
Fixtures & fittings
At 30 November 2024
602,645
The fair value of investment properties was valued on an open market basis by the directors.
Amounts falling due within one year
Accrued income and prepayments
744
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Creditors: amounts falling due within one year
2024
Taxes and social security
1,619
Loans from directors
595,099
During the year, the Company was advanced an interest-free loan of £12,500 from A.J.B.R.A. Limited, a company wholly owned by a director of Branch LV Limited. The loan is interest-free and repayable on demand. The balance is stated within Other creditors.
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Average number of employees
During the period the average number of employees was 2.