L&S (Bridge Of Weir) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC556854 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

L&S (Bridge Of Weir) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

R B Clapham

REGISTERED OFFICE:

One Lochrin Square

92 Fountainbridge

Edinburgh

EH3 9QA

REGISTERED NUMBER:

SC556854 (Scotland)

ACCOUNTANT:

Felicity Robertson FCCA

One Lochrin Square

92 Fountainbridge

Edinburgh

EH3 9QA

CURRENT ASSETS

Stocks

3

327,451

247,367

Debtors

4

2,952

450

Cash at bank

44,016

2,612

374,419

250,429

CREDITORS

Amounts falling due within one year

5

374,418

250,428

NET CURRENT ASSETS

1

TOTAL ASSETS LESS CURRENT
LIABILITIES

1

CAPITAL AND RESERVES

Called up share capital

6

1

SHAREHOLDERS' FUNDS

1

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2025 and were signed by:

R B Clapham - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

L&S (Bridge Of Weir) Limited is a private limited company, limited by shares, incorporated in the United Kingdom. The registered address is One Lochrin Square, 92 Fountainbridge, Edinburgh EH3 9QA.

The financial statements have been prepared in accordance with Financial Reporting Standard ("FRS") 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland.

The financial statements have been prepared in accordance with the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime, and under the historical cost convention. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view. There were no material departures from FRS102. The financial statements are presented in sterling which is also the functional currency of the company.

Going concern

The directors have made an assessment of the company's ability to continue as a going concern and are satisfied that the company will be able to meet liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements. Consequently, the directors are satisfied that it is appropriate to prepare the financial statements on a going concern basis.

Stocks

Property under development is stated at the lower of cost and net realisable value. Cost includes all fees related to the purchase of the property, development expenditure and, where appropriate, capitalised interest. Net realisable value is based on estimated sales price less costs estimated to be incurred up to the date of disposal.

Taxation

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the statement of financial position date.

Current or deferred taxation assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Statement of Financial Position date. Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled based on tax rates that have been enacted or substantively enacted by the reporting date. Deferred tax is not discounted.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, either as 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.

Cash and cash equivalents

Cash and cash equivalents are basic financial instruments and comprise of cash in hand and bank balances.

Critical accounting estimates and judgements

The preparation of the financial statements requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and revenue and expenses during the reported period. These estimates and assumptions are based on management's best knowledge at that time. Actual outcomes may differ from the estimates used.

Not all accounting polices require assumptions however management consider these are significant in applying to trading property to ensure that net realisable value is not less than carrying value.

2.	EMPLOYEES AND DIRECTORS

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

3.

STOCKS

31.3.25

31.3.24

£

Work-in-progress

327,451

247,367

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

2,952

450

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

4,890

900

Amounts owed to group undertakings

368,778

248,778

Accruals and deferred income

750

374,418

250,428

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1

Ordinary

£1

1

7.	RELATED PARTY DISCLOSURES

At 31 March 2025 the company had received a loan from its parent company in the sum of £368,778 (2024 - £248,778) which remained outstanding in full at the year end.

8.	ULTIMATE CONTROLLING PARTY

The directors regard L&S Homes Group Limited, a company registered in Scotland as the company's immediate parent company. The directors regard London & Scottish Investments Limited a company registered in Scotland, which is controlled by RB Clapham, as the company's ultimate parent company.