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REGISTERED NUMBER: SC551138 (Scotland)















Unaudited Financial Statements for the Year Ended 30th November 2024

for

Balfour Property Renovations Ltd

Balfour Property Renovations Ltd (Registered number: SC551138)

Contents of the Financial Statements
for the year ended 30th November 2024










Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Balfour Property Renovations Ltd

Company Information
for the year ended 30th November 2024







Directors: N Balfour
A Maclennan





Registered office: Braichlaich
Gollanfield
Inverness
IV2 7QT





Registered number: SC551138 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Balfour Property Renovations Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Balfour Property Renovations Ltd for the year ended 30th November 2024 which comprise the Abridged Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Balfour Property Renovations Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Balfour Property Renovations Ltd and state those matters that we have agreed to state to the Board of Directors of Balfour Property Renovations Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Balfour Property Renovations Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Balfour Property Renovations Ltd. You consider that Balfour Property Renovations Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Balfour Property Renovations Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


5th August 2025

Balfour Property Renovations Ltd (Registered number: SC551138)

Abridged Balance Sheet
30th November 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 107,184 132,542

Current assets
Stocks 19,850 10,500
Debtors 603,471 330,818
Cash at bank 2,288 33,542
625,609 374,860
Creditors
Amounts falling due within one year 611,085 282,864
Net current assets 14,524 91,996
Total assets less current liabilities 121,708 224,538

Creditors
Amounts falling due after more than one
year

(16,597

)

(41,541

)

Provisions for liabilities (26,796 ) (29,857 )
Net assets 78,315 153,140

Capital and reserves
Called up share capital 100 1
Retained earnings 78,215 153,139
78,315 153,140

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

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

Balfour Property Renovations Ltd (Registered number: SC551138)

Abridged Balance Sheet - continued
30th November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30th November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th August 2025 and were signed on its behalf by:





N Balfour - Director


Balfour Property Renovations Ltd (Registered number: SC551138)

Notes to the Financial Statements
for the year ended 30th November 2024


1. Statutory information

Balfour Property Renovations 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.

Changes in accounting policies
From 1 December 2022, wages and salaries directly relating to the generation of revenue have been recognised within cost of sales instead of administrative expenses.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

Balfour Property Renovations Ltd (Registered number: SC551138)

Notes to the Financial Statements - continued
for the year ended 30th November 2024


2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

The average number of employees during the year was 36 (2023 - 31 ) .

4. Tangible fixed assets
Totals
£   
Cost
At 1st December 2023 248,381
Additions 12,690
Disposals (13,024 )
At 30th November 2024 248,047
Depreciation
At 1st December 2023 115,839
Charge for year 35,730
Eliminated on disposal (10,706 )
At 30th November 2024 140,863
Net book value
At 30th November 2024 107,184
At 30th November 2023 132,542

5. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 31,242 54,964