LRB HOMES LTD


Directors	Rachel Christie Ferguson
	Lewis Robert Watson


Registered Address	3 Glenwood Road
	Leslie
	Glenrothes
	KY6 3AW


Registered Number	SC818824 (Scotland)

Balance Sheet as at
31 January 2026

	Notes	2026
		£	£
Fixed assets
Tangible assets	3		350
Investment property	4		301,474
			301,824
Current assets
Debtors	5	4,487
Cash at bank and on hand		6,349
		10,836
Creditors amounts falling due within one year	6	(285,864)
Net current assets (liabilities)			(275,028)
Total assets less current liabilities			26,796
Creditors amounts falling due after one year	7		(54,259)
Provisions for liabilities			(67)
Net assets			(27,530)
Capital and reserves
Called up share capital			100
Profit and loss account			(27,630)
Shareholders' funds			(27,530)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 April 2026, and are signed on its behalf by:

Lewis Robert Watson
Director

Rachel Christie Ferguson
Director

Registered Company No. SC818824

LRB HOMES LTD

Notes to the Financial Statements
for the period ended 31 January 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	The financial statements have been prepared on the going concern basis. The directors find it appropriate for the financial statements to be prepared on this basis despite the net liability position of the company. The company is reliant upon the continued support of the directors who have confirmed that they will continue to support the company as required.

	Turnover policy
	Income represents rents receivable in the year.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixed assets are stated at cost, being purchase price, less accumulated depreciation.


		Straight line (years)
	Office Equipment	3

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2026
	Average number of employees during the year	2

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
Additions	389	389
At 31 January 26	389	389
Depreciation and impairment
Charge for year	39	39
At 31 January 26	39	39
Net book value
At 31 January 26	350	350
At 07 August 24	-	-

4.	Investment property


		£
	Additions	301,474
	At 31 January 26	301,474

5.	Debtors: amounts due within one year

		2026
		£
	Other debtors	85
	Prepayments and accrued income	4,402
	Total	4,487

6.	Creditors: amounts due within one year

		2026
		£
	Bank borrowings and overdrafts	150,855
	Other creditors	133,785
	Accrued liabilities and deferred income	1,224
	Total	285,864

7.	Creditors: amounts due after one year

		2026
		£
	Bank borrowings and overdrafts	54,259
	Total	54,259

8.	Other commitments
	Bank borrowings and overdrafts are secured by floating charge over the investment property of the company.