House Builders (Montrose) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC028063 (Scotland)

Financial Statements for the Year Ended 31 December 2024

for

HOUSE BUILDERS (MONTROSE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K R Blundell

N Ross

REGISTERED OFFICE:

Unit 1, Ferry Road

Montrose

Angus

DD10 8DX

REGISTERED NUMBER:

SC028063 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

12 Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

4

168,410

168,796

Investment property

5

590,000

758,410

758,796

CURRENT ASSETS

Debtors

6

21,459

18,936

Cash at bank

744,796

671,213

766,255

690,149

CREDITORS

Amounts falling due within one year

7

29,334

25,938

NET CURRENT ASSETS

736,921

664,211

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,495,331

1,423,007

PROVISIONS FOR LIABILITIES

764

4,155

NET ASSETS

1,494,567

1,418,852

CAPITAL AND RESERVES

Called up share capital

2,000

Revaluation reserve

8

248,620

Retained earnings

1,243,947

1,168,232

1,494,567

1,418,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:

N Ross - Director

1.	STATUTORY INFORMATION

House Builders (Montrose) Limited 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.

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

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

165,000

54,623

8,564

1,142

229,329

DEPRECIATION

At 1 January 2024

-

50,870

8,521

1,142

60,533

Charge for year

-

375

11

-

386

At 31 December 2024

-

51,245

8,532

1,142

60,919

NET BOOK VALUE

At 31 December 2024

165,000

3,378

32

-

168,410

At 31 December 2023

165,000

3,753

43

-

168,796

5.	INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in value is shown in the revaluation reserve on the balance sheet. Any profit or loss will be recognised upon the sale of property.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

16,281

14,350

Other debtors

5,178

4,586

21,459

18,936

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Taxation and social security

22,614

18,744

Other creditors

6,720

7,194

29,334

25,938

8.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

248,620

9.	RELATED PARTY DISCLOSURES

The company was under control of N Ross & K R Blundell throughout the current and previous year.