Company Registration No. SC143831 (Scotland)
Brae Homes (scotland) Limited
Unaudited accounts
for the year ended 31 December 2025
Brae Homes (scotland) Limited
Unaudited accounts
Contents
Brae Homes (scotland) Limited
Company Information
for the year ended 31 December 2025
Directors
Mr Cameron Mitchell
Mrs Francesca Mitchell
Company Number
SC143831 (Scotland)
Registered Office
Lochbrae
Knockdon
Maybole
KA19 8EH
Brae Homes (scotland) Limited
Statement of financial position
as at 31 December 2025
Tangible assets
9,676
12,901
Cash at bank and in hand
3,253
6,909
Creditors: amounts falling due within one year
(1,750)
(14,358)
Net current assets
139,486
102,518
Net assets
149,162
215,825
Called up share capital
20,000
20,000
Profit and loss account
129,162
195,825
Shareholders' funds
149,162
215,825
For the year ending 31 December 2025 the company was entitled to exemption from audit 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2026 and were signed on its behalf by
Mr Cameron Mitchell
Director
Company Registration No. SC143831
Brae Homes (scotland) Limited
Notes to the Accounts
for the year ended 31 December 2025
Brae Homes (scotland) Limited is a private company, limited by shares, registered in Scotland, registration number SC143831. The registered office is Lochbrae, Knockdon, Maybole, KA19 8EH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Investments in shares are included at fair value.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Brae Homes (scotland) Limited
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Plant & machinery
At 31 December 2025
33,426
At 31 December 2025
23,750
At 31 December 2024
12,901
5
Investments
Other investments
Valuation at 1 January 2025
100,406
Valuation at 31 December 2025
-
Amounts falling due within one year
Other debtors
137,983
109,967
7
Creditors: amounts falling due within one year
2025
2024
Included with debtors due within one year are directors loans of £185,984 ( 2024: £97,358) which bear interest at the prevailing HMRC official rates. There is no repayment date .
9
Transactions with related parties
Included with debtors due within on year are directors loans of £125,375 ( 2024: £97,358) which bear interest at the prevailing HMRC official interest rate. The directors loans were repaid in full by 25 September 2026.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).