REGISTERED NUMBER: SC726498 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Homes Aberdeen Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B J Anderson

Mr J M Anderson

REGISTERED OFFICE:

Rear Office

42 Baxter Street

Aberdeen

AB11 9QE

REGISTERED NUMBER:

SC726498 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Investment property

4

-

86,173

CURRENT ASSETS

Debtors

5

-

389

Cash at bank

6,449

540

6,449

929

CREDITORS

Amounts falling due within one year

6

24,290

23,522

NET CURRENT LIABILITIES

(17,841

)

(22,593

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,841

)

63,580

CREDITORS

Amounts falling due after more than one year

7

-

60,010

NET (LIABILITIES)/ASSETS

(17,841

)

3,570

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(17,941

)

3,470

(17,841

)

3,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2026 and were signed on its behalf by:

Mr B J Anderson - Director

1.	STATUTORY INFORMATION

Homes Aberdeen Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Investment property is carried at fair value determined annually by the directors and derived from current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern

The directors have considered the company's financial position and are satisfied that it is appropriate to prepare the accounts on a going concern basis. The directors have confirmed they will continue to support the company for the foreseeable future from the date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

86,173

Disposals

(86,173

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

86,173

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

-

389

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Amounts owed to participating interests

20,600

19,600

Taxation and social security

-

649

Other creditors

3,690

3,273

24,290

23,522

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

-

60,010

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

-

60,010

Bank borrowings are secured by a standard security over the company's heritable property at 22 Tollohill Square, Aberdeen, AB12 5EQ in favour of The Mortgage Lender Limited.

9.	RELATED PARTY DISCLOSURES

Mr B J Anderson and Mr J M Anderson are also directors of J Amber Joinery Ltd, a company registered in Scotland. As at the balance sheet date there is a balance due to J Amber Joinery Ltd of £20,600 (2024 - £19,600). There is no interest charged and there are no fixed terms of repayment.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who own 100% of the share capital.