Company registration number SC492289 (Scotland)
BURNARVIE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
BURNARVIE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
BURNARVIE LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
236,000
236,000
Current assets
Stocks
987,789
481,946
Debtors
4
1,071
3,649
Cash at bank and in hand
6,883
63,763
995,743
549,358
Creditors: amounts falling due within one year
5
(1,344,064)
(879,328)
Net current liabilities
(348,321)
(329,970)
Net liabilities
(112,321)
(93,970)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(112,421)
(94,070)
Total equity
(112,321)
(93,970)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements. true

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 18 May 2026 and are signed on its behalf by:
Evan Anderson
Director
Company Registration No. SC492289
BURNARVIE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
1
Accounting policies
Company information

Burnarvie Limited is a private company limited by shares incorporated in Scotland. The registered office is 39 Sandport Street, Edinburgh, EH6 6EH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The company has sustained trading losses in the current and prior years and at the year end had an excess of liabilities over assets. The company meets its day to day working capital requirements from loans from its directors and shareholders and is thus dependant on the continued support of the directors and shareholders to continue trading. The directors and shareholders have confirmed their intention to continue to support the company for a period of at least 12 months from the date of approval of these accounts and as such the directors have prepared these accounts on a going concern basis. true

1.3
Turnover

Turnover represents rental income receivable and sales of development property, stated net of VAT.

1.4
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 a t the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

BURNARVIE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

BURNARVIE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Investment property
2025
£
Fair value
At 1 December 2024 and 30 November 2025
236,000

The fair value of the investment property has been arrived at by the directors on an open market value basis by reference to market evidence of transaction prices for similar properties.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,071
3,649
BURNARVIE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
450
900
Other creditors
1,339,795
874,795
Accruals and deferred income
3,819
3,633
1,344,064
879,328

Included within other creditors are loans due to Evan Anderson of £65,001, Jamie Anderson of £391,598 and Finlay Anderson of £291,598, who are directors and shareholders of the company, and Ethan Anderson of £391,598 who is a shareholder of the company.

Also included in other creditors is a £200,000 loan. This loan is interest free and repayable upon completion of the pending residential development.

2025-11-30 2024-12-01 false false false 18 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Evan Anderson Finlay Anderson Jamie Anderson SC492289 2024-12-01 2025-11-30 SC492289 2025-11-30 SC492289 2024-11-30 SC492289 core:CurrentFinancialInstruments core:WithinOneYear 2025-11-30 SC492289 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 SC492289 core:ShareCapital 2025-11-30 SC492289 core:ShareCapital 2024-11-30 SC492289 core:RetainedEarningsAccumulatedLosses 2025-11-30 SC492289 core:RetainedEarningsAccumulatedLosses 2024-11-30 SC492289 bus:Director1 2024-12-01 2025-11-30 SC492289 2023-12-01 2024-11-30 SC492289 2024-11-30 SC492289 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 SC492289 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 SC492289 bus:FRS102 2024-12-01 2025-11-30 SC492289 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 SC492289 bus:Director2 2024-12-01 2025-11-30 SC492289 bus:Director3 2024-12-01 2025-11-30 SC492289 bus:FullAccounts 2024-12-01 2025-11-30 xbrli:pure xbrli:shares iso4217:GBP