Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC698456 2022-06-01 2023-05-31 SC698456 2021-05-12 2022-05-31 SC698456 2023-05-31 SC698456 2022-05-31 SC698456 1 2022-06-01 2023-05-31 SC698456 5 2022-06-01 2023-05-31 SC698456 d:Director1 2022-06-01 2023-05-31 SC698456 d:Director2 2022-06-01 2023-05-31 SC698456 d:RegisteredOffice 2022-06-01 2023-05-31 SC698456 e:OfficeEquipment 2022-06-01 2023-05-31 SC698456 e:OfficeEquipment 2023-05-31 SC698456 e:OfficeEquipment 2022-05-31 SC698456 e:OfficeEquipment e:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 SC698456 e:FreeholdInvestmentProperty 2022-06-01 2023-05-31 SC698456 e:FreeholdInvestmentProperty 2023-05-31 SC698456 e:FreeholdInvestmentProperty 2022-05-31 SC698456 e:FreeholdInvestmentProperty 2 2022-06-01 2023-05-31 SC698456 e:CurrentFinancialInstruments 2023-05-31 SC698456 e:CurrentFinancialInstruments 2022-05-31 SC698456 e:Non-currentFinancialInstruments 2023-05-31 SC698456 e:Non-currentFinancialInstruments 2022-05-31 SC698456 e:CurrentFinancialInstruments e:WithinOneYear 2023-05-31 SC698456 e:CurrentFinancialInstruments e:WithinOneYear 2022-05-31 SC698456 e:Non-currentFinancialInstruments e:AfterOneYear 2023-05-31 SC698456 e:Non-currentFinancialInstruments e:AfterOneYear 2022-05-31 SC698456 e:ShareCapital 2023-05-31 SC698456 e:ShareCapital 2021-05-12 2022-05-31 SC698456 e:ShareCapital 2022-05-31 SC698456 e:InvestmentPropertiesRevaluationReserve 2023-05-31 SC698456 e:InvestmentPropertiesRevaluationReserve 1 2022-06-01 2023-05-31 SC698456 e:InvestmentPropertiesRevaluationReserve 2022-05-31 SC698456 e:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 SC698456 e:RetainedEarningsAccumulatedLosses 2023-05-31 SC698456 e:RetainedEarningsAccumulatedLosses 1 2022-06-01 2023-05-31 SC698456 e:RetainedEarningsAccumulatedLosses 2021-05-12 2022-05-31 SC698456 e:RetainedEarningsAccumulatedLosses 2022-05-31 SC698456 d:OrdinaryShareClass1 2022-06-01 2023-05-31 SC698456 d:OrdinaryShareClass1 2023-05-31 SC698456 d:OrdinaryShareClass1 2022-05-31 SC698456 d:FRS102 2022-06-01 2023-05-31 SC698456 d:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 SC698456 d:FullAccounts 2022-06-01 2023-05-31 SC698456 d:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC698456










KEAM HOMES (SCOTLAND) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

 
KEAM HOMES (SCOTLAND) LIMITED
 

COMPANY INFORMATION


Directors
Mrs V Carlile 
Mr G Carlile 




Registered number
SC698456



Registered office
14 City Quay

Dundee

DD2 2JG




Trading Address
12 Baillieswells Crescent
Bielside

Aberdeen

AB15 9BD







 
KEAM HOMES (SCOTLAND) LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8


 
KEAM HOMES (SCOTLAND) LIMITED
REGISTERED NUMBER: SC698456

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
300
400

Investment property
 5 
455,000
218,508

  
455,300
218,908

Current assets
  

Debtors: amounts falling due within one year
 6 
81,131
618

Cash at bank and in hand
  
31,851
3,121

  
112,982
3,739

Creditors: amounts falling due within one year
 7 
(272,445)
(170,785)

Net current liabilities
  
 
 
(159,463)
 
 
(167,046)

Total assets less current liabilities
  
295,837
51,862

Creditors: amounts falling due after more than one year
 8 
(294,277)
(74,440)

  

Net assets/(liabilities)
  
1,560
(22,578)


Capital and reserves
  

Called up share capital 
 9 
100
100

Investment property reserve
  
49,173
-

Profit and loss account
  
(47,713)
(22,678)

  
1,560
(22,578)

Page 1

 
KEAM HOMES (SCOTLAND) LIMITED
REGISTERED NUMBER: SC698456

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 February 2024.




Mrs V Carlile
Director

The notes on pages 4 to 8 form part of these financial statements.
Page 2

 

 
KEAM HOMES (SCOTLAND) LIMITED


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2023



Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity


£
£
£
£





Loss for the period

-
-
(22,678)
(22,678)


Shares issued during the period
100
-
-
100





At 1 June 2022
100
-
(22,678)
(22,578)





Profit for the year

-
-
24,138
24,138


Deficit on revaluation of freehold property
-
-
(49,173)
(49,173)


Other movement type 1
-
49,173
-
49,173



At 31 May 2023
100
49,173
(47,713)
1,560



The notes on pages 4 to 8 form part of these financial statements.
Page 3

 
KEAM HOMES (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Keam Homes (Scotland) Limited is a private company, limited by shares, domiciled in Scotland with the registration number SC698456. The registered office is 14 City Quay, Dundee, DD1 3JA and the principal operating address is 12 Ballieswells Crescent, Aberdeen, AB15 9BD.

2.Accounting policies

  
2.1

Going concern

As at 31 May 2023 the Statement of Financial Position shows net liabilities. The company can only continue to operate with the support of the director's. Mrs V Carlile & Mr G Carlile, who has confirmed that they will financially support the company for the foreseeable future. Therefore, the company will continue to adopt the going concern basis for the preparation of the financial statement.

 
2.2

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Page 4

 
KEAM HOMES (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
Straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
KEAM HOMES (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2022
500



At 31 May 2023

500



Depreciation


At 1 June 2022
100


Charge for the year on owned assets
100



At 31 May 2023

200



Net book value



At 31 May 2023
300



At 31 May 2022
400


5.


Investment property


Freehold investment property

£



Valuation


At 1 June 2022
218,508


Additions at cost
187,319


Surplus on revaluation
49,173



At 31 May 2023
455,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.




Page 6

 
KEAM HOMES (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


Debtors

2023
2022
£
£


Other debtors
1,200
-

Prepayments and accrued income
79,931
618

81,131
618



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
-
1,103

Other creditors
270,525
167,882

Accruals and deferred income
1,920
1,800

272,445
170,785



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
294,277
74,440

294,277
74,440


Amounts included in bank loans are secured over the assets to which they relate.


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


Page 7

 
KEAM HOMES (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

10.


Capital commitments


At 31 May 2023 the Company had capital commitments as follows:

2023
2022
£
£


Contracted for and provided in these financial statements
188,952
-

188,952
-


Page 8