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REGISTERED NUMBER: 09853818 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

KINTAIL PROPERTIES (2015) LIMITED

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






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




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 2023







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 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 551,768 551,768

CURRENT ASSETS
Debtors 5 105,263 1,610
Investments 6 82,864 309,584
Cash at bank 166,852 762
354,979 311,956
CREDITORS
Amounts falling due within one year 7 194,766 218,474
NET CURRENT ASSETS 160,213 93,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

711,981

645,250

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 711,881 645,150
SHAREHOLDERS' FUNDS 711,981 645,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 30 August 2024 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 2023

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 2023

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 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 December 2022
and 30 November 2023 551,768
NET BOOK VALUE
At 30 November 2023 551,768
At 30 November 2022 551,768

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 105,263 1,610

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 82,864 94,852
Unlisted investments - 214,732
82,864 309,584

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

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 191,053 203,684
Taxation and social security 150 9,472
Other creditors 3,563 5,318
194,766 218,474

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 191,053 203,684

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000,050 Ordinary £0.00001 100 100

10. RESERVES
Retained
earnings
£   

At 1 December 2022 645,150
Profit for the year 69,731
Dividends (3,000 )
At 30 November 2023 711,881

11. RELATED PARTY DISCLOSURES

As on 30.11.2023 other debtors balance includes £103,718 owed by JAS Mcgregor Ltd. Mr J A S McGregor is director in both companies.