Buchan Homes Limited - Accounts to registrar (filleted) - small 18.2

Buchan Homes Limited - Accounts to registrar (filleted) - small 18.2

BUCHAN HOMES LIMITED - Company Information

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IRIS Accounts Production v19.2.0.596 SC085607 Board of Directors 1.1.18 31.12.18 31.12.18 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC0856072017-12-31SC0856072018-12-31SC0856072018-01-012018-12-31SC0856072016-12-31SC0856072017-01-012017-12-31SC0856072017-12-31SC085607ns15:Scotland2018-01-012018-12-31SC085607ns14:PoundSterling2018-01-012018-12-31SC085607ns10:Director12018-01-012018-12-31SC085607ns10:PrivateLimitedCompanyLtd2018-01-012018-12-31SC085607ns10:SmallEntities2018-01-012018-12-31SC085607ns10:AuditExemptWithAccountantsReport2018-01-012018-12-31SC085607ns10:SmallCompaniesRegimeForDirectorsReport2018-01-012018-12-31SC085607ns10:SmallCompaniesRegimeForAccounts2018-01-012018-12-31SC085607ns10:FullAccounts2018-01-012018-12-31SC085607ns10:Director22018-01-012018-12-31SC085607ns10:RegisteredOffice2018-01-012018-12-31SC085607ns5:CurrentFinancialInstruments2018-12-31SC085607ns5:CurrentFinancialInstruments2017-12-31SC085607ns5:ShareCapital2018-12-31SC085607ns5:ShareCapital2017-12-31SC085607ns5:RetainedEarningsAccumulatedLosses2018-12-31SC085607ns5:RetainedEarningsAccumulatedLosses2017-12-31


REGISTERED NUMBER: SC085607 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2018

for

Buchan Homes Limited
Buchan Homes Limited (Registered number: SC085607)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 4

Buchan Homes Limited

Company Information
for the Year Ended 31 December 2018







DIRECTORS: D I Buchan
G T Buchan





REGISTERED OFFICE: 8 -10 Queen Street
Peterhead
Aberdeenshire
AB42 1TS





REGISTERED NUMBER: SC085607 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA
Page 1
Buchan Homes Limited (Registered number: SC085607)

Balance Sheet
31 December 2018

31.12.18 31.12.17
Notes £    £   
CURRENT ASSETS
Investments 4 503,386 503,386

CREDITORS
Amounts falling due within one year 5 291,718 291,308
NET CURRENT ASSETS 211,668 212,078
TOTAL ASSETS LESS CURRENT
LIABILITIES
211,668
212,078

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Retained earnings 171,668 172,078
SHAREHOLDERS' FUNDS 211,668 212,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 on 18 September 2019 and were signed on its behalf
by:





G T Buchan - Director


The notes form part of these financial statements

Page 2
Buchan Homes Limited (Registered number: SC085607)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

Buchan Homes 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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within on year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative costs.

Taxation
Taxation for the year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 2 ).

4. CURRENT ASSET INVESTMENTS
31.12.18 31.12.17
£    £   
Loan Meldrum House Estates Ltd 503,386 503,386

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Other creditors 291,718 291,308

Page 3
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Buchan Homes Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Buchan Homes Limited for the year ended 31 December 2018 which comprise the Income
Statement, Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

This report is made solely to the Board of Directors of Buchan Homes Limited, as a body, in accordance with our terms
of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Buchan
Homes Limited and state those matters that we have agreed to state to the Board of Directors of Buchan Homes Limited,
as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Buchan Homes 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 Buchan Homes
Limited. You consider that Buchan Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Buchan Homes 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.






SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA


Date: .............................................

This page does not form part of the statutory financial statements

Page 4