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REGISTERED NUMBER: SC527832 (Scotland)




















KH-DMP Company Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024






KH-DMP Company Limited (Registered number: SC527832)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KH-DMP Company Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Miss P W K Hui
Miss D W M Chan



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



REGISTERED NUMBER: SC527832 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Bank of Scotland
15a, Cameron Toll Shopping Centre
6 Lady Road
Edinburgh
EH16 5PB

KH-DMP Company Limited (Registered number: SC527832)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 756,212 773,419

CURRENT ASSETS
Stocks 1,000 750
Debtors 5 2,972 -
Cash at bank 21,543 34,670
25,515 35,420
CREDITORS
Amounts falling due within one year 6 184,380 207,383
NET CURRENT LIABILITIES (158,865 ) (171,963 )
TOTAL ASSETS LESS CURRENT LIABILITIES 597,347 601,456

CREDITORS
Amounts falling due after more than one
year

7

310,059

319,245
NET ASSETS 287,288 282,211

KH-DMP Company Limited (Registered number: SC527832)

Balance Sheet - continued
29 February 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200,000 200,000
Revaluation reserve 9 190,850 190,850
Retained earnings (103,562 ) (108,639 )
287,288 282,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 23 September 2024 and were signed on its behalf by:




Miss P W K Hui - Director



Miss D W M Chan - Director


KH-DMP Company Limited (Registered number: SC527832)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

KH-DMP Company 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.

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 as modified by the revaluation of certain assets.

Turnover and revenue recognition
Turnover represents room letting and related services invoiced, excluding value added tax. Revenue is recognised when the services have been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 25% on cost and 20% 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.


KH-DMP Company Limited (Registered number: SC527832)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 March 2023
and 29 February 2024 852,414 5,550 857,964
DEPRECIATION
At 1 March 2023 79,395 5,150 84,545
Charge for year 17,049 158 17,207
At 29 February 2024 96,444 5,308 101,752
NET BOOK VALUE
At 29 February 2024 755,970 242 756,212
At 28 February 2023 773,019 400 773,419

KH-DMP Company Limited (Registered number: SC527832)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 29 February 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 190,850 - 190,850
Cost 661,564 5,550 667,114
852,414 5,550 857,964

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 661,564 661,564
Aggregate depreciation 92,627 79,395

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,972 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,040 22,016
Taxation and social security 2,374 8,502
Other creditors 162,966 176,865
184,380 207,383

The directors' current accounts are unsecured, interest free and have no fixed term of repayment.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 310,059 319,245

KH-DMP Company Limited (Registered number: SC527832)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 228,641 233,036

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 316,724 323,385

The bank loan is secured by a floating charge over the assets of the company.

9. RESERVES
Revaluation
reserve
£   
At 1 March 2023
and 29 February 2024 190,850

10. GOING CONCERN

The financial statements have been prepared on the going concern principal which assumes that the company will continue to function in the foreseeable future. In order to do so the company will require the continued support of its directors, bankers and creditors.