REGISTERED NUMBER: SC825515 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

10 OCTOBER 2024 TO 31 OCTOBER 2025

FOR

HARRIS HOMES (SCOTLAND) LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

K E F Henderson

REGISTERED OFFICE:

1 Herbertson Grove

Blantyre

United Kingdom

G72 9RS

REGISTERED NUMBER:

SC825515 (Scotland)

ACCOUNTANTS:

Thomas Barrie & Co LLP

4th Floor, Atlantic House

1a Cadogan Street

Glasgow

G2 6QE

FIXED ASSETS

Investment property

4

145,000

CURRENT ASSETS

Debtors

5

241

Cash at bank

23,580

23,821

CREDITORS

Amounts falling due within one year

6

(66,335

)

NET CURRENT LIABILITIES

(42,514

)

TOTAL ASSETS LESS CURRENT LIABILITIES

102,486

CREDITORS

Amounts falling due after more than one year

7

(97,200

)

PROVISIONS FOR LIABILITIES

(10,292

)

NET LIABILITIES

(5,006

)

CAPITAL AND RESERVES

Called up share capital

1

Fair value reserve

9

30,875

Retained earnings

(35,882

)

(5,006

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 July 2026 and were signed by:

K E F Henderson - Director

1.	STATUTORY INFORMATION

Harris Homes (Scotland) Ltd is a private company, limited by shares, registered in Scotland, registration number SC825515. The registered office is 1 Herbertson Grove, Blantyre, Scotland, G72 9RS.

The principal activity of the company is property investment.

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 as modified by the revaluation of certain assets.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Going concern

These financial statements have been prepared on the going concern basis despite the fact that Statement of Financial Position is showing a net current liability position of the Company. The key driver for this are loans provided to the Company by the director, which are all repayable on demand with no fixed terms of repayment. The director has no intention of recalling the loans or selling the investment property within the next 12 months, hence going concern basis of the Company is considered to be appropriate.

Significant judgements and estimates

In preparing these financial statements, the director is required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

Valuation of investment property

As noted below, investment property is included in the Statement of Financial Position at fair value. The valuation is based on the director's consideration of several factors, including previous professional valuations, local market conditions, estate agent valuations, and recent selling prices of similar properties.

Turnover

Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of any discounts and rebates allowed by the entity, but excluding value added tax and other sales taxes.

Rental Income

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

103,834

Revaluations

41,166

At 31 October 2025

145,000

NET BOOK VALUE

At 31 October 2025

145,000

Fair value at 31 October 2025 is represented by:

£

Valuation in 2025

41,166

Cost

103,834

145,000

If the property had not been revalued it would have been included at the following historical cost:

£

Cost

103,834

The investment property was valued on an open market basis on 14 October 2025 by Paratus Amc Limited .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

241

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

66,335

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

97,200

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

97,200

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

97,200

A standard security has been issued in favour of Paratus Amc Limited over the investment property held by the company.

9.

RESERVES

Fair

value

reserve

£

Fair value transfer

30,875

At 31 October 2025

30,875