OWEN BUCHANAN BUILDERS LIMITED


Directors	Ian Fleming
	Mark Kinnell


Registered Address	Unit 5b Auchterderran Road
	Lochgelly
	KY5 9HF


Registered Number	SC233397 (Scotland)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		911		4,399
			911		4,399
Current assets
Debtors	5	673		668
Cash at bank and on hand		3,720		636
		4,393		1,304
Creditors amounts falling due within one year	6	(99,887)		(99,488)
Net current assets (liabilities)			(95,494)		(98,184)
Total assets less current liabilities			(94,583)		(93,785)
Creditors amounts falling due after one year	7		-		(4,993)
Provisions for liabilities			(173)		(836)
Net assets			(94,756)		(99,614)
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			(95,756)		(100,614)
Shareholders' funds			(94,756)		(99,614)

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 3 June 2026, and are signed on its behalf by:

Ian Fleming
Director

Mark Kinnell
Director

Registered Company No. SC233397

OWEN BUCHANAN BUILDERS LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	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 they will continue to support the company as required.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

	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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	10
	Fixtures and fittings	33

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

	Stocks and work in progress
	Stock and work in progress are valued at the lower of cost and net realisable value.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 25	300,000	300,000
At 31 December 25	300,000	300,000
Amortisation and impairment
At 01 January 25	300,000	300,000
At 31 December 25	300,000	300,000
Net book value
At 31 December 25	-	-
At 31 December 24	-	-

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 January 25	38,597	9,747	2,981	51,325
Disposals	-	(7,500)	-	(7,500)
At 31 December 25	38,597	2,247	2,981	43,825
Depreciation and impairment
At 01 January 25	38,597	6,017	2,312	46,926
Charge for year	-	468	221	689
On disposals	-	(4,701)	-	(4,701)
At 31 December 25	38,597	1,784	2,533	42,914
Net book value
At 31 December 25	-	463	448	911
At 31 December 24	-	3,730	669	4,399

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	652	652
Prepayments and accrued income	21	16
Total	673	668

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	47	47
Bank borrowings and overdrafts	5,000	10,000
Taxation and social security	3,873	3,302
Other creditors	89,866	84,984
Accrued liabilities and deferred income	1,101	1,155
Total	99,887	99,488

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	4,993
Total	-	4,993