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REGISTERED NUMBER: SC788802 (Scotland)










Unaudited Financial Statements

for the Period

9 November 2023 to 30 November 2024

for

CARMICHAEL HOMES ROSSLYNLEE LTD

CARMICHAEL HOMES ROSSLYNLEE LTD (REGISTERED NUMBER: SC788802)






Contents of the Financial Statements
for the Period 9 November 2023 to 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CARMICHAEL HOMES ROSSLYNLEE LTD

Company Information
for the Period 9 November 2023 to 30 November 2024







DIRECTORS: S A Carmichael
C Hill





REGISTERED OFFICE: Challenge House
29 Canal Street
Glasgow
G4 0AD





REGISTERED NUMBER: SC788802 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

CARMICHAEL HOMES ROSSLYNLEE LTD (REGISTERED NUMBER: SC788802)

Balance Sheet
30 November 2024

Notes £   
CURRENT ASSETS
Stocks 3,144,536
Cash at bank and in hand 285,736
3,430,272
CREDITORS
Amounts falling due within one year 4 (3,430,451 )
NET CURRENT LIABILITIES (179 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(179

)

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (180 )
(179 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

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 28 July 2025 and were signed on its behalf by:





S A Carmichael - Director


CARMICHAEL HOMES ROSSLYNLEE LTD (REGISTERED NUMBER: SC788802)

Notes to the Financial Statements
for the Period 9 November 2023 to 30 November 2024

1. STATUTORY INFORMATION

Carmichael Homes Rosslynlee 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.

Stocks
Development land stock is stated at the lower of cost and estimated selling price less costs to sell. Cost comprises the purchase price of land together with all attributable expenditure incurred in making ready the site for development and ultimate resale.

Property developments in the course of construction are carried at cost as work in progress until such time as property is complete.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Taxation
Taxation for the period 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.

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 period 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 period was NIL.

CARMICHAEL HOMES ROSSLYNLEE LTD (REGISTERED NUMBER: SC788802)

Notes to the Financial Statements - continued
for the Period 9 November 2023 to 30 November 2024

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 3,430,451

5. SECURED DEBTS

The following secured debts are included within creditors:

£   
Other loans 2,379,430

Development funding provided by Downing LLP has been secured by a floating charge over all the property and undertakings of the company along with security over the company's development land.