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REGISTERED NUMBER: SC428248 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Kingswells Property Services Ltd

Kingswells Property Services Ltd (Registered number: SC428248)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kingswells Property Services Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs A Rosbrook
T Rosbrook





SECRETARY:





REGISTERED OFFICE: 16 Migvie Gardens
Kingswells
Aberdeen
AB15 8GB





REGISTERED NUMBER: SC428248 (Scotland)





ACCOUNTANTS: Add Accountancy Limited
6 Market Square
OLDMELDRUM
Aberdeenshire
AB51 0AA

Kingswells Property Services Ltd (Registered number: SC428248)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 95,000 95,000

CURRENT ASSETS
Debtors 5 165 142
Cash at bank 10,721 5,327
10,886 5,469
CREDITORS
Amounts falling due within one year 6 75,177 72,415
NET CURRENT LIABILITIES (64,291 ) (66,946 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,709

28,054

PROVISIONS FOR LIABILITIES 6,460 6,460
NET ASSETS 24,249 21,594

CAPITAL AND RESERVES
Called up share capital 10 10
Other reserves 27,540 27,540
Retained earnings (3,301 ) (5,956 )
SHAREHOLDERS' FUNDS 24,249 21,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

Kingswells Property Services Ltd (Registered number: SC428248)

Balance Sheet - continued
31 July 2023


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 3 April 2024 and were signed on its behalf by:





T Rosbrook - Director


Kingswells Property Services Ltd (Registered number: SC428248)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Kingswells Property Services Ltd 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 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 NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 95,000
NET BOOK VALUE
At 31 July 2023 95,000
At 31 July 2022 95,000

Kingswells Property Services Ltd (Registered number: SC428248)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 165 142

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors (1 ) -
Taxation and social security 623 -
Other creditors 74,555 72,415
75,177 72,415