Panbrae Homes Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC754579

		31 January 2025		31 January 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,891		1,195
Investment Properties	5		105,000		96,811

			106,891		98,006
CURRENT ASSETS
Debtors	6	10,182		164
Cash at bank and in hand		8,475		17,787

		18,657		17,951
Creditors: Amounts Falling Due Within One Year	7	(47,023 )		(46,984 )

NET CURRENT ASSETS (LIABILITIES)			(28,366 )		(29,033 )

TOTAL ASSETS LESS CURRENT LIABILITIES			78,525		68,973

Creditors: Amounts Falling Due After More Than One Year	8		(68,500 )		(68,500 )

NET ASSETS			10,025		473

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			10,023		471

SHAREHOLDERS' FUNDS			10,025		473

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Panbrae Homes Ltd

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs M McKay

Director

29 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Panbrae Homes Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC754579 . The registered office is 5 Panbrae Road, Bo'Ness, EH51 0EJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% Straight Line

2.4. Investment Properties

All investment properties are carried initially at cost. In subsequent periods fair value is determined and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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Panbrae Homes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Computer Equipment
	£
Cost or Valuation
As at 1 February 2024	1,399
Additions	1,098

As at 31 January 2025	2,497

Depreciation
As at 1 February 2024	204
Provided during the period	402

As at 31 January 2025	606

Net Book Value
As at 31 January 2025	1,891

As at 1 February 2024	1,195

5. Investment Property

	31 January 2025
	£
Fair Value
As at 1 February 2024	96,811
Revaluations	8,189

As at 31 January 2025	105,000

6. Debtors

	31 January 2025	31 January 2024
	£	£
Due within one year
Other debtors	10,182	164

7. Creditors: Amounts Falling Due Within One Year

	31 January 2025	31 January 2024
	£	£
Other creditors	47,023	46,984

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Panbrae Homes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

8. Creditors: Amounts Falling Due After More Than One Year

	31 January 2025	31 January 2024
	£	£
Bank loans	68,500	68,500

9. Share Capital

	31 January 2025	31 January 2024
	£	£
Called Up Share Capital not Paid	2	2

Amount of Allotted, Called Up Share Capital	2	2

10. Reserves

Within the profit and loss reserve there are £8,189 (2024: £nil) of reserves that are non-distributable.

11. Related Party Transactions

As at 31 January 2025, the amount owed to the directors by the company, included within other creditors, is £46,773 (2024: £46,734).

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