Beauly Homes Limited - Filleted accounts

Registered number

14085015

Beauly Homes Limited

Filleted Accounts

31 May 2026

Beauly Homes Limited
Registered number:		14085015
Balance Sheet
as at 31 May 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		45,315			23,014

Current assets
Stocks & Work in Progress		4,367,710			4,434,447
Debtors	4	82,421			39,497
Cash at bank and in hand		1,478,279			340,526
		5,928,410			4,814,470

Creditors: amounts falling due within one year	5	(371,242)			(280,042)

Net current assets			5,557,168			4,534,428

Total assets less current liabilities			5,602,483			4,557,442

Creditors: amounts falling due after more than one year	6		(5,485,279)			(4,611,259)



Net assets/(liabilities)			117,204			(53,817)

Capital and reserves
Called up share capital			100			100
Profit and loss account			117,104			(53,917)

Shareholders' funds			117,204			(53,817)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr I D Jamie
Director
Approved by the board on 8 August 2026

Beauly Homes Limited
Notes to the Accounts
for the year ended 31 May 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going Concern
	The majority of the company's working capital requirements are provided by a loan from Vello Limited, a related company. It is anticipated this loan will be repaid from the sale of properties, the net realisable value of which is in excess of the borrowing. The directors continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future,being no less than twelve months from the date of approving these accounts. On this basis, the directors still consider that the preparation of the financial statements on the going concern basis is still appropriate.

	Turnover
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor Vehicles			over 4 years
	Office Equipment			over 3 years
	Plant and machinery			over 4 years/10 years
	Fixtures, fittings, tools and equipment			over 5 years

	Work in Progress
	Work in Progress is stated at the lower of cost and net realisable value. Cost consists of materials, sub-contract, plant and direct labour costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					0		0

3	Tangible fixed assets
		Plant & Machinery		Office Equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 June 2025	30,330		1,357		-		31,687
	Additions	3,165		1,044		34,855		39,064
	At 31 May 2026	33,495		2,401		34,855		70,751

	Depreciation
	At 1 June 2025	7,767		906		-		8,673
	Charge for the year	7,250		799		8,714		16,763
	At 31 May 2026	15,017		1,705		8,714		25,436

	Net book value
	At 31 May 2026	18,478		696		26,141		45,315
	At 31 May 2025	22,563		451		-		23,014

4	Debtors					2026		2025
£							£

	Trade debtors					1,000		1,000
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					13,839		8,418
	Other debtors					67,582		30,079
						82,421		39,497

5	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					140,098		244,715
	Taxation and social security costs					133,201		6,973
	Other creditors					97,943		28,354
						371,242		280,042

6	Creditors: amounts falling due after one year					2026		2025
£							£

	Other creditors (comprising loan from Vello Ltd who are 20% shareholders)					5,485,279		4,611,259

7	Related party transactions

	During the year, Management fees of £32,500 (2025: £11,000) were paid to Jamie & Partners of which Mr I Jamie is a Director, and Management fees of £30,000 (2025: £12,000) were paid to Whiting & Howe of which Mr B Whiting is a Director.


8	Other information

	Beauly Homes Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Deighton Barn, Glevering Hall Farm
	Easton Road
	Hacheston
	Suffolk
	IP13 0EX