REGISTERED NUMBER: SC288561 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

Assurance Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Andrew Mark Buchan

REGISTERED OFFICE:

18 North Silver Street

Aberdeen

AB10 1JU

REGISTERED NUMBER:

SC288561 (Scotland)

ACCOUNTANTS:

Tawse & Partners

Chartered Accountants

18 North Silver Street

Aberdeen

AB10 1JU

FIXED ASSETS

Tangible assets

5

122

144

Investment property

6

1,233,343

1,200,000

1,233,465

1,200,144

CURRENT ASSETS

Debtors

7

60,000

89,420

Cash at bank

2,201

-

62,201

89,420

CREDITORS

Amounts falling due within one year

8

61,965

72,235

NET CURRENT ASSETS

236

17,185

TOTAL ASSETS LESS CURRENT LIABILITIES

1,233,701

1,217,329

CREDITORS

Amounts falling due after more than one year

9

(745,726

)

(753,432

)

PROVISIONS FOR LIABILITIES

(202

)

(206

)

NET ASSETS

487,773

463,691

CAPITAL AND RESERVES

Called up share capital

10

10

10

Fair value reserve

253,027

253,027

Retained earnings

234,736

210,654

SHAREHOLDERS' FUNDS

487,773

463,691

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 12 November 2025 and were signed by:

Andrew Mark Buchan - Director

1.	STATUTORY INFORMATION

Assurance Homes 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.

The financial statements are presented in sterling which is the functional currency if the company and rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and also have been consistently applied within the same accounts.

Turnover and other income recognition

Turnover is measured at fair value of the consideration received or receivable net of VAT and discounts. The policies adopted for the recognition of turnover are as follows:

Rental Property

Rental income is recognised based on monthly rental periods, in accordance with property rental agreements.

Consultancy Income

When the outcome of a transaction can be estimated reliably, turnover from consultancy services is recognised by reference to the stage of completion at the Statement of Financial Position date. Stage of completion is measured by reference to contractual rates of labour hours for services rendered and direct expenses incurred. When the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Tangible fixed assets are stated at deemed cost less accumulated depreciation and accumulated impairment.

Investment property

Investment property for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in the fair value recognised in the Income Statement. Deferred tax is provided on any gains at the rate expected to apply when the property is sold.

Taxation

Taxation for the year 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 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.

Debtors and creditors receivable with one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

498

DEPRECIATION

At 1 April 2024

354

Charge for year

22

At 31 March 2025

376

NET BOOK VALUE

At 31 March 2025

122

At 31 March 2024

144

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,200,000

Additions

33,343

At 31 March 2025

1,233,343

NET BOOK VALUE

At 31 March 2025

1,233,343

At 31 March 2024

1,200,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2008

21,640

Valuation in 2010

16,210

Valuation in 2013

10,000

Valuation in 2016

(30,000

)

Valuation in 2019

31,207

Valuation in 2020

(5,030

)

Valuation in 2022

209,000

Cost

980,316

1,233,343

Investment properties were valued on an open market basis on 31 March 2025 by Andrew Buchan .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

60,000

89,420

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

7,691

11,878

Trade creditors

1,224

234

Taxation and social security

6,980

125

Other creditors

46,070

59,998

61,965

72,235

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

10,742

18,440

Other creditors

734,984

734,992

745,726

753,432

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Mortgage

734,984

734,992

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

10

Ordinary shares

£1

10

10