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REGISTERED NUMBER: SC754733 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

9 JANUARY 2023 TO 31 JANUARY 2024

FOR

KILGOUR PROPERTY LIMITED

KILGOUR PROPERTY LIMITED (REGISTERED NUMBER: SC754733)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 9 January 2023 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KILGOUR PROPERTY LIMITED

COMPANY INFORMATION
for the period 9 January 2023 to 31 January 2024







DIRECTORS: S W K Turner
M J Macleod
K Wood
S A Whigham





REGISTERED OFFICE: 95 Clerk Street
Loanhead
Midlothian
EH20 9RE





REGISTERED NUMBER: SC754733 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

KILGOUR PROPERTY LIMITED (REGISTERED NUMBER: SC754733)

BALANCE SHEET
31 January 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 1,551
Tangible assets 5 607
2,158

CURRENT ASSETS
Debtors 6 2,408
Cash at bank and in hand 102,314
104,722
CREDITORS
Amounts falling due within one year 7 103,895
NET CURRENT ASSETS 827
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,985

PROVISIONS FOR LIABILITIES 8 115
NET ASSETS 2,870

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 2,770
SHAREHOLDERS' FUNDS 2,870

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

KILGOUR PROPERTY LIMITED (REGISTERED NUMBER: SC754733)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





S W K Turner - Director


KILGOUR PROPERTY LIMITED (REGISTERED NUMBER: SC754733)

NOTES TO THE FINANCIAL STATEMENTS
for the period 9 January 2023 to 31 January 2024

1. STATUTORY INFORMATION

Kilgour Property Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 in relation to estate agent services.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% per annum on cost

Tangible fixed assets are reviewed for impairment annually.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

KILGOUR PROPERTY LIMITED (REGISTERED NUMBER: SC754733)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 9 January 2023 to 31 January 2024

2. ACCOUNTING POLICIES - continued

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was 1 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 2,016
At 31 January 2024 2,016
AMORTISATION
Charge for period 465
At 31 January 2024 465
NET BOOK VALUE
At 31 January 2024 1,551

KILGOUR PROPERTY LIMITED (REGISTERED NUMBER: SC754733)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 9 January 2023 to 31 January 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 683
At 31 January 2024 683
DEPRECIATION
Charge for period 76
At 31 January 2024 76
NET BOOK VALUE
At 31 January 2024 607

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 2,408

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 1,676
Other creditors 102,219
103,895

8. PROVISIONS FOR LIABILITIES
£   
Deferred tax 115

Deferred
tax
£   
Provided during period 115
Balance at 31 January 2024 115

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
70 Ordinary A £1 70
10 Ordinary B £1 10
10 Ordinary C £1 10
10 Ordinary D £1 10
100

KILGOUR PROPERTY LIMITED (REGISTERED NUMBER: SC754733)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 9 January 2023 to 31 January 2024

9. CALLED UP SHARE CAPITAL - continued

The following shares were issued during the period for cash at par :

70 Ordinary A shares of £1
10 Ordinary B shares of £1
10 Ordinary C shares of £1
10 Ordinary D shares of £1

The shares rank parri passu except rights to a varying dividend as a class of share.