Registered number
SC791911
Briar Lodge Estates Ltd
Filleted Accounts
31 December 2024
Briar Lodge Estates Ltd
Registered number: SC791911
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 548,571 -
Current assets
Debtors 4 2 -
Cash at bank and in hand 6,800 -
6,802 -
Creditors: amounts falling due within one year 5 (1,020) -
Net current assets 5,782 -
Total assets less current liabilities 554,353 -
Creditors: amounts falling due after more than one year 6 (590,880) -
Net liabilities (36,527) -
Capital and reserves
Called up share capital 2 -
Profit and loss account (36,529) -
Shareholders' funds (36,527) -
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S McGinty
Director
Approved by the board on 8 May 2025
Briar Lodge Estates Ltd
Notes to the Accounts
for the period from 8 December 2023 to 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Furniture over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 0
3 Tangible fixed assets
Investment properties Furniture Total
£ £ £
Cost
Additions 546,483 2,784 549,267
At 31 December 2024 546,483 2,784 549,267
Depreciation
Charge for the period - 696 696
At 31 December 2024 - 696 696
Net book value
At 31 December 2024 546,483 2,088 548,571
4 Debtors 2024 2023
£ £
Other debtors 2 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,020 -
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 361,480 -
Other creditors 229,400 -
590,880 -
7 Other information
Briar Lodge Estates Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
4 Westerton Place
Cults
Aberdeen
AB15 9NS
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