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REGISTERED NUMBER: SC720615 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Keel Row Consortium Ltd

Keel Row Consortium Ltd (Registered number: SC720615)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Keel Row Consortium Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M Caldwell
A A Jeffree
T N Ward





REGISTERED OFFICE: Keel Row
Fionnphort
Isle Of Mull
PA66 6BL





REGISTERED NUMBER: SC720615 (Scotland)





ACCOUNTANTS: Mackay & Co CA
120 George Street
Oban
Argyll
PA34 5NT

Keel Row Consortium Ltd (Registered number: SC720615)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 228,855 218,208

CURRENT ASSETS
Stocks 14,658 8,503
Debtors 5 300 -
Cash at bank and in hand 16,582 83,120
31,540 91,623
CREDITORS
Amounts falling due within one year 6 15,261 74,120
NET CURRENT ASSETS 16,279 17,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,134

235,711

CREDITORS
Amounts falling due after more than
one year

7

69,409

-
NET ASSETS 175,725 235,711

CAPITAL AND RESERVES
Called up share capital 286,000 286,000
Retained earnings 8 (110,275 ) (50,289 )
SHAREHOLDERS' FUNDS 175,725 235,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Keel Row Consortium Ltd (Registered number: SC720615)

Balance Sheet - continued
31 January 2024


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 29 August 2024 and were signed on its behalf by:





M Caldwell - Director


Keel Row Consortium Ltd (Registered number: SC720615)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Keel Row Consortium 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Keel Row Consortium Ltd (Registered number: SC720615)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 184,800 7,663 30,853 6,782 230,098
Additions - 4,488 15,592 259 20,339
At 31 January 2024 184,800 12,151 46,445 7,041 250,437
DEPRECIATION
At 1 February 2023 - 1,916 7,713 2,261 11,890
Charge for year - 1,535 5,810 2,347 9,692
At 31 January 2024 - 3,451 13,523 4,608 21,582
NET BOOK VALUE
At 31 January 2024 184,800 8,700 32,922 2,433 228,855
At 31 January 2023 184,800 5,747 23,140 4,521 218,208

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 300 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Social security and other taxes 1,442 1,220
VAT 2,519 2,191
Directors' current accounts 10,000 69,409
Accrued expenses 1,300 1,300
15,261 74,120

Keel Row Consortium Ltd (Registered number: SC720615)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Directors' loan accounts 69,409 -

8. RESERVES
Retained
earnings
£   

At 1 February 2023 (50,289 )
Deficit for the year (59,986 )
At 31 January 2024 (110,275 )