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REGISTERED NUMBER: 09853818 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

KINTAIL PROPERTIES (2015) LIMITED

KINTAIL PROPERTIES (2015) LIMITED (REGISTERED NUMBER: 09853818)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


KINTAIL PROPERTIES (2015) LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2022







DIRECTOR: J A S McGregor





REGISTERED OFFICE: The Whitryck
Wark
Cornhill-On-Tweed
Northumberland
TD12 4RH





REGISTERED NUMBER: 09853818 (England and Wales)





ACCOUNTANTS: K M Stewart & Company
6 Miller Road
Ayr
KA7 2AY

KINTAIL PROPERTIES (2015) LIMITED (REGISTERED NUMBER: 09853818)

STATEMENT OF FINANCIAL POSITION
30 November 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 551,768 551,768

CURRENT ASSETS
Debtors 5 1,610 1,500
Investments 6 309,584 102,104
Cash at bank 762 187,090
311,956 290,694
CREDITORS
Amounts falling due within one year 7 218,474 218,355
NET CURRENT ASSETS 93,482 72,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

645,250

624,107

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 645,150 624,007
SHAREHOLDERS' FUNDS 645,250 624,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 13 November 2023 and were signed by:





J A S McGregor - Director


KINTAIL PROPERTIES (2015) LIMITED (REGISTERED NUMBER: 09853818)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2022

1. STATUTORY INFORMATION

Kintail Properties (2015) Limited is a private company, limited by shares , registered in England and Wales. 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.

Functional currency
The financial statements are presented in British Pounds Sterling which is the functional currency. Figures are shown to the nearest whole pound.

Significant judgements and estimates
The preparation of financial statements requires the use of certain accounting estimates . It also requires the Directors to exercise judgement in applying the Companies Accounting policies. The areas requiring a higher degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the financial statements, are disclosed below:

Estimation Uncertainty

Useful life of properties, plant and equipment
The Company assesses the useful life of its properties, plant and equipment and estimates the annual charge to be depreciated based on this.

Recoverability of Debtors
The Company assesses the recoverability of Debtors on an individual basis, taking into consideration payment history, and perceived liquidity. Where it is considered that there is a higher than normal risk to the recoverability of these, provision is made against the recoverability of these debts.

Key Judgements made in the application of Accounting Policies
a) Exemptions taken in the transition to FRS 102
The Company has considered and taken advantage of the following exemptions in its first time application of FRS 102:
i) The Company has not revisited previous accounting estimates.

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

Financial instruments
Classification
The Company believes all financial instruments are Basic Financial Instruments. Therefore, the Company recognises these in accordance with Section 11 of the Financial Reporting Standard.

Recognition and measurement
The company's debt instruments are measured at amortised cost using the effective interest rate method.

Impairment
Financial instruments are reviewed annually for impairment.


KINTAIL PROPERTIES (2015) LIMITED (REGISTERED NUMBER: 09853818)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2022

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 December 2021
and 30 November 2022 551,768
NET BOOK VALUE
At 30 November 2022 551,768
At 30 November 2021 551,768

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 1,610 1,500

6. CURRENT ASSET INVESTMENTS
2022 2021
£    £   
Listed investments 94,852 102,104
Unlisted investments 214,732 -
309,584 102,104

KINTAIL PROPERTIES (2015) LIMITED (REGISTERED NUMBER: 09853818)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts (see note 8) 203,684 207,213
Taxation and social security 9,472 4,615
Other creditors 5,318 6,527
218,474 218,355

8. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£    £   
Amounts falling due within one year or on demand:
Bank loans 203,684 207,213

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
10,000,050 Ordinary £0.00001 100 100

10. RESERVES
Retained
earnings
£   

At 1 December 2021 624,007
Profit for the year 36,143
Dividends (15,000 )
At 30 November 2022 645,150