REGISTERED NUMBER: SC804873 (Scotland)

Unaudited Financial Statements

for the Period 28 March 2024 to 31 March 2025

for

Cullross (Lour Road) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Beaton

R Fletcher

R A Mumford

REGISTERED OFFICE:

C/o Brodies Llp Capital Square

58 Morrison Street

Edinburgh

United Kingdom

EH3 8BP

REGISTERED NUMBER:

SC804873 (Scotland)

CURRENT ASSETS

Stocks

4

121,995

Debtors

5

100

Cash at bank

171,998

294,093

CREDITORS

Amounts falling due within one year

6

293,995

NET CURRENT ASSETS

98

TOTAL ASSETS LESS CURRENT LIABILITIES

98

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(2

)

98

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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 23 December 2025 and were signed on its behalf by:

R A Mumford - Director

1.	STATUTORY INFORMATION

Cullross (Lour Road) 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.

Stocks

Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell.

Cost includes the cost of land, direct development expenditure, attributable overheads and, where applicable, borrowing costs directly attributable to the acquisition and development of the site.

Borrowing costs are capitalised when they are directly attributable to bringing the development to its current condition and location for sale. Capitalisation commences when development activities begin and ceases when the asset is substantially complete and ready for sale.

Net realisable value represents the estimated selling price less all estimated costs of completion and costs necessary to make the sale.

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.

4.

STOCKS

£

Work-in-progress

121,995

Work in progress relates to land and development expenditure incurred on residential plots held for sale.

During the period, borrowing costs of £6,250 were capitalised as part of work in progress. These costs arise from loans used to finance the development project.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to associates

37,745

Other creditors

256,250

293,995

7.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due within one year or on demand:

Other loans

250,000