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Registration number: SC055638

Century 21 (Homes) Limited
Unaudited Financial Statements
for the Year Ended 31 March 2025

Century 21 (Homes) Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

Century 21 (Homes) Limited

(Registration number: SC055638)
Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 27,991 | 28,461
Investment property | 5 | 2,949,958 | 3,758,277
|  | 2,977,949 | 3,786,738
Current assets |  |  |
Debtors | 6 | 195,537 | 137,298
Cash at bank and in hand |  | 59,072 | 14,096
|  | 254,609 | 151,394
Creditors: Amounts falling due within one year | 7 | (1,588,649) | (2,329,790)
Net current liabilities |  | (1,334,040) | (2,178,396)
Total assets less current liabilities |  | 1,643,909 | 1,608,342
Creditors: Amounts falling due after more than one year | 7 | (1,228,774) | (1,059,047)
Net assets |  | 415,135 | 549,295
Capital and reserves |  |  |
Called up share capital |  | 20,000 | 20,000
Retained earnings | 8 | 395,135 | 529,295
Shareholders' funds |  | 415,135 | 549,295

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 31 October 2025 and signed on its behalf by:

Century 21 (Homes) Limited

(Registration number: SC055638)
Statement of Financial Position as at 31 March 2025

......................................... Mrs R J Hutcheson Director

Century 21 (Homes) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
Tayside
DD1 3DG
Scotland

The principal place of business is:
3 Old Hawkhill
Dundee
DD1 5EU
Scotland

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Century 21 (Homes) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures & fittings | 15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Century 21 (Homes) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 1 (2024 - 1).

Century 21 (Homes) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Fixtures and fittings £ | Total £
Cost or valuation
At 1 April 2024 | 75,146 | 75,146
At 31 March 2025 | 75,146 | 75,146
Depreciation
At 1 April 2024 | 46,685 | 46,685
Charge for the year | 470 | 470
At 31 March 2025 | 47,155 | 47,155
Carrying amount
At 31 March 2025 | 27,991 | 27,991
At 31 March 2024 | 28,461 | 28,461

5 | Investment properties

| 2025 £
At 1 April | 3,758,277
Additions | 62,032
Disposals | (870,351)
At 31 March | 2,949,958

The last valuation of the properties was at 31 March 2025 by the directors and they are of the opinion that they are stated at fair value in the accounts.

6 | Debtors

| 2025 £ | 2024 £
Prepayments | 349 | 326
Other debtors | 195,188 | 136,972
| 195,537 | 137,298

Century 21 (Homes) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | - | 769,727
Trade creditors |  | - | 1,053
Amounts owed to Group undertakings and undertakings in which the Company has a participating interest |  | 1,531,301 | 1,513,388
Taxation and social security |  | 18,038 | 6,926
Accruals and deferred income |  | 5,659 | 5,167
Other creditors |  | 33,651 | 33,529
|  | 1,588,649 | 2,329,790

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 1,228,774 | 1,059,047

8 | Reserves

| 2025 |  | 2024
| £ |  | £
Distributable reserves | 703,721 |  | 837,881
Non-distributable reserves | (308,586) |  | (308,586)
| 395,135 |  | 529,295

Century 21 (Homes) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 1,228,774 | 1,059,047

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 769,727

10 | Parent and ultimate parent undertaking

The Company's immediate parent is Stanton Investments (Scotland) ltd, incorporated in Scotland.