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Company Registration No. SC789428 (Scotland)
Branch LV Limited Unaudited accounts for the year ended 30 November 2025
Branch LV Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Branch LV Limited Company Information for the year ended 30 November 2025
Directors
Antony John Branch Monica Lopez Vera
Company Number
SC789428 (Scotland)
Registered Office
35 Albyn Place Aberdeen AB10 1YN United Kingdom
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Branch LV Limited Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,474
3,153
Investment property
5
1,120,000
602,645
1,122,474
605,798
Current assets
Debtors
6
18,941
744
Cash at bank and in hand
10,313
10,164
29,254
10,908
Creditors: amounts falling due within one year
7
(806,616)
(610,044)
Net current liabilities
(777,362)
(599,136)
Total assets less current liabilities
345,112
6,662
Creditors: amounts falling due after more than one year
8
(382,702)
-
Net (liabilities)/assets
(37,590)
6,662
Capital and reserves
Called up share capital
2
2
Profit and loss account
(37,592)
6,660
Shareholders' funds
(37,590)
6,662
For the year ending 30 November 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2026 and were signed on its behalf by
Antony John Branch Director Company Registration No. SC789428
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Branch LV Limited Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
Branch LV Limited is a private company, limited by shares, registered in Scotland, registration number SC789428. The registered office is 35 Albyn Place, Aberdeen, AB10 1YN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for rental income provided in the normal course of business. Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight-line
Investment property
Investment property is initially recognised at cost, which includes the purchase cost and any attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Branch LV Limited Notes to the Accounts for the year ended 30 November 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 December 2024
3,399
At 30 November 2025
3,399
Depreciation
At 1 December 2024
246
Charge for the year
679
At 30 November 2025
925
Net book value
At 30 November 2025
2,474
At 30 November 2024
3,153
5
Investment property
2025
£
Fair value at 1 December 2024
602,645
Additions
588,370
Net loss from fair value adjustments
(71,015)
At 30 November 2025
1,120,000
The fair value of investment properties was valued on an open market basis by the directors.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
1,186
744
Other debtors
17,755
-
18,941
744
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
660
826
Taxes and social security
4,738
1,619
Other creditors
-
12,500
Loans from directors
801,218
595,099
806,616
610,044
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
382,702
-
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Branch LV Limited Notes to the Accounts for the year ended 30 November 2025
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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