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REGISTERED NUMBER: SC683383 (Scotland)


















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Kachina Investments Ltd

Kachina Investments Ltd (Registered number: SC683383)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kachina Investments Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Miss D Galbraith
A N Galbraith





REGISTERED OFFICE: 272 Bath Street
Glasgow
G2 4JR





REGISTERED NUMBER: SC683383 (Scotland)





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

Kachina Investments Ltd (Registered number: SC683383)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 200 449,900

CURRENT ASSETS
Debtors 5 1,971,689 1,506,304
Cash at bank 306 16,734
1,971,995 1,523,038
CREDITORS
Amounts falling due within one year 6 5,175 17,037
NET CURRENT ASSETS 1,966,820 1,506,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,967,020

1,955,901

CAPITAL AND RESERVES
Called up share capital 1,957,000 1,957,000
Retained earnings 10,020 (1,099 )
1,967,020 1,955,901

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

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

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 20 May 2024 and were signed on its behalf by:





A N Galbraith - Director


Kachina Investments Ltd (Registered number: SC683383)

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

1. STATUTORY INFORMATION

Kachina Investments 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2023 - 449,900 449,900
Additions 200 - 200
Disposals - (449,900 ) (449,900 )
At 31 December 2023 200 - 200
NET BOOK VALUE
At 31 December 2023 200 - 200
At 31 December 2022 - 449,900 449,900

Kachina Investments Ltd (Registered number: SC683383)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 1,971,689 1,506,304

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 3,535 -
Other creditors 1,640 17,037
5,175 17,037

7. CONTINGENT LIABILITIES

As at 31 December 2023 the company had no contingent liabilities. (2022 - £nil).

8. CAPITAL COMMITMENTS

As at 31 December 2023 the company had no capital commitments. (2022 - £nil).

9. RELATED PARTY DISCLOSURES

As at 31 December 2023 included in other creditors is a balance of £200 due to the directors. (2022 - £15,717). The balance has no fixed repayment date and no interest is charged thereon.

As at 31 December 2023 included in other debtors are balances due from the companies subsidiaries, Kachina Properties II Ltd and Kachina Developments Ltd, companies in which Miss D Galbraith and A N Galbraith are directors.

As at 31 December 2023 included in other debtors is a balances due from Kachina Properties Ltd, a company in which Miss D Galbraith and A N Galbraith are directors.