15 November 2023 false Taxfiler 2024.6 SC789428business:PrivateLimitedCompanyLtd2023-11-152024-11-30 SC7894282023-11-14 SC7894282023-11-152024-11-30 SC789428business:AuditExempt-NoAccountantsReport2023-11-152024-11-30 SC789428business:FilletedAccounts2023-11-152024-11-30 SC7894282024-11-30 SC789428business:Director12023-11-152024-11-30 SC789428business:Director22023-11-152024-11-30 SC789428business:RegisteredOffice2023-11-152024-11-30 SC789428core:WithinOneYear2024-11-30 SC789428core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 SC789428core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 SC789428core:PreviouslyStatedAmount2024-11-30 SC789428business:SmallEntities2023-11-152024-11-30 SC789428countries:Scotland2023-11-152024-11-30 SC789428core:FurnitureFittings2023-11-152024-11-30 SC789428core:FurnitureFittings2023-11-14 SC789428core:FurnitureFittings2024-11-30 SC789428core:WithinOneYear2023-11-152024-11-30 iso4217:GBP xbrli:pure
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
Page
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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
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Branch LV Limited Statement of financial position as at 30 November 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
3,153 
Investment property
602,645 
605,798 
Current assets
Debtors
744 
Cash at bank and in hand
10,164 
10,908 
Creditors: amounts falling due within one year
(610,044)
Net current liabilities
(599,136)
Net assets
6,662 
Capital and reserves
Called up share capital
2 
Profit and loss account
6,660 
Shareholders' funds
6,662 
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
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Branch LV Limited Notes to the Accounts for the period from 15 November 2023 to 30 November 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
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Branch LV Limited Notes to the Accounts for the period from 15 November 2023 to 30 November 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 15 November 2023
- 
Additions
3,399 
At 30 November 2024
3,399 
Depreciation
Charge for the period
246 
At 30 November 2024
246 
Net book value
At 30 November 2024
3,153 
5
Investment property
2024 
£ 
Additions
602,645 
At 30 November 2024
602,645 
The fair value of investment properties was valued on an open market basis by the directors.
6
Debtors
2024 
£ 
Amounts falling due within one year
Accrued income and prepayments
744 
7
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
826 
Taxes and social security
1,619 
Other creditors
12,500 
Loans from directors
595,099 
610,044 
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.
8
Average number of employees
During the period the average number of employees was 2.
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