ACCOUNTS - Final Accounts preparation

Registered number: SC262189

MORGAN HOMES (SCOTLAND) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

MORGAN HOMES (SCOTLAND) LIMITED

COMPANY INFORMATION

Director	R D Morgan


Registered number	SC262189


Registered office	West Leys Farm
	Errol
	Perth
	PH2 7TD


Accountants	EQ Accountants Limited
	Chartered Accountants
	Westby
	64 West High Street
	Forfar
	Angus
	DD8 1BJ

MORGAN HOMES (SCOTLAND) LIMITED

REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MORGAN HOMES (SCOTLAND) LIMITED
FOR THE YEAR ENDED 30 JUNE 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Morgan Homes (Scotland) Limited for the year ended 30 June 2025 which comprise the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas -framework-preparation -of-accounts.

This report is made solely to the director of Morgan Homes (Scotland) Limited in accordance with the terms of our engagement letter dated 3 June 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Morgan Homes (Scotland) Limited and state those matters that we have agreed to state to the director of Morgan Homes (Scotland) Limited in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://icas.com/icas -framework-preparation -of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Morgan Homes (Scotland) Limited and its director for our work or for this report.

It is your duty to ensure that Morgan Homes (Scotland) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Morgan Homes (Scotland) Limited. You consider that Morgan Homes (Scotland) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Morgan Homes (Scotland) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

EQ Accountants Limited

Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ

29 July 2026

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MORGAN HOMES (SCOTLAND) LIMITED

REGISTERED NUMBER: SC262189

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2025

		2025		2024
		£		£

FIXED ASSETS
Tangible assets	4		23,288		26,616
			23,288		26,616
CURRENT ASSETS
Stocks		25,000		25,000
Debtors		9,312		10,495
Cash at bank and in hand		1,579		1,186
		35,891		36,681
Creditors: amounts falling due within one year		(93,188)		(95,171)
NET CURRENT LIABILITIES			(57,297)		(58,490)
TOTAL ASSETS LESS CURRENT LIABILITIES			(34,009)		(31,874)
Creditors: amounts falling due after more than one year			(33,719)		(29,911)

NET LIABILITIES			(67,728)		(61,785)

CAPITAL AND RESERVES
Called up share capital	5	900	900
Profit and loss account		(68,628)	(62,685)
		(67,728)	(61,785)

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MORGAN HOMES (SCOTLAND) LIMITED

REGISTERED NUMBER: SC262189

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 July 2026.

R D Morgan

Director

The notes on pages 4 to 5 form part of these financial statements.

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MORGAN HOMES (SCOTLAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1.	GENERAL INFORMATION

Morgan Homes (Scotland) Limited is a private company, limited by shares, incroporated in Scotland with registration number SC262189. The registered office is West Leys Farm, Errol, Perth, PH2 7TD.

The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

GOING CONCERN

These accounts have been prepared under the going concern basis. The company has net liabilities and is dependent on the continued support of the directors. The directors have confirmed that they will continue to provide support for the forseeable future.

2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery

12.5%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.4

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

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MORGAN HOMES (SCOTLAND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.5

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position 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.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2024 - 2).

4.	TANGIBLE FIXED ASSETS

		Plant and machinery
		£
	COST OR VALUATION
	At 1 July 2024	100,750
	At 30 June 2025	100,750
	DEPRECIATION
	At 1 July 2024	74,134
	Charge for the year on owned assets	3,328
	At 30 June 2025	77,462
	NET BOOK VALUE
	At 30 June 2025	23,288
	At 30 June 2024	26,616

5.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

900 (2024 - 900) Ordinary shares of £1.00 each	900	900

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