REGISTERED NUMBER: SC115752 (Scotland)

Unaudited Financial Statements

for the Period 1 July 2024 to 31 December 2025

for

Churchill Homes (Aberdeen) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R A Pirie

Mr G D Pirie

Mrs A M E Pirie Barter

SECRETARY:

Mrs R A Pirie

REGISTERED OFFICE:

Brodies House

31-33 Union Grove

Aberdeen

AB10 6SD

REGISTERED NUMBER:

SC115752 (Scotland)

ACCOUNTANTS:

Benson Accountants

Wiza House

Station Road

Wigton

Cumbria

CA7 9BA

FIXED ASSETS

Tangible assets

4

2,693

57,380

CURRENT ASSETS

Stocks

1,429,265

1,931,904

Debtors

5

1,078,329

1,105,520

Cash at bank

81,231

36,093

2,588,825

3,073,517

CREDITORS

Amounts falling due within one year

6

1,041,448

813,213

NET CURRENT ASSETS

1,547,377

2,260,304

TOTAL ASSETS LESS CURRENT LIABILITIES

1,550,070

2,317,684

CREDITORS

Amounts falling due after more than one year

7

1,364,569

1,435,693

NET ASSETS

185,501

881,991

CAPITAL AND RESERVES

Called up share capital

19,250

19,250

Capital redemption reserve

96,820

96,820

Retained earnings

69,431

765,921

185,501

881,991

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 2 June 2026 and were signed on its behalf by:

Mr G D Pirie - Director

Mrs R A Pirie - Director

1.	STATUTORY INFORMATION

Churchill Homes (Aberdeen) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2024

59,840

30,983

90,823

Additions

-

1,050

1,050

Disposals

(56,507

)

-

(56,507

)

At 31 December 2025

3,333

32,033

35,366

DEPRECIATION

At 1 July 2024

13,303

20,140

33,443

Charge for period

5,708

9,532

15,240

Eliminated on disposal

(16,010

)

-

(16,010

)

At 31 December 2025

3,001

29,672

32,673

NET BOOK VALUE

At 31 December 2025

332

2,361

2,693

At 30 June 2024

46,537

10,843

57,380

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

30/6/24

£

£

Other debtors

1,078,329

1,105,520

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

30/6/24

£

£

Bank loans and overdrafts

590,892

590,892

Hire purchase contracts

-

2,592

Trade creditors

261,295

53,157

Taxation and social security

2,555

1,973

Other creditors

186,706

164,599

1,041,448

813,213

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

30/6/24

£

£

Bank loans

1,364,569

1,405,804

Hire purchase contracts

-

29,889

1,364,569

1,435,693

8.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/25

30/6/24

£

£

Bank loans

1,955,461

1,996,696

The bank loan is secured by a floating charge over the whole assets of the company, a standard security over development sites and a charge over a bank account.

9.	RELATED PARTY TRANSACTIONS

Churchill Homes (Culter House) Limited is a company under common control. During the year, the two companies held an inter-company loan balance of £699,839 (2024 - £699,264) which sits within 'Other debtors' in the balance sheet of Churchill Homes (Aberdeen) Limited. This amount is unlikely to be recoverable but is still recognised.

Churchill Homes (Loirston) Limited is a company under common control. During the year, the two companies held an inter-company loan balance of £349,347 (2024 - £345,101) which sits within 'Other debtors' in the balance sheet of Churchill Homes (Aberdeen) Limited.This loan is unsecured, interest free and repayable on demand.

During the year, the directors held a loan account with the Company. At the balance sheet date, the amount owing to the Company was £115 (2024 - £7,750). This loan is unsecured, interest free and repayable on demand.

Personal guarentees have been provided by Mr G D Pirie and Mrs R A Pirie for the bank loan provided to the Company.