1 March 2023 false Taxfiler 2024.6 SC631020business:PrivateLimitedCompanyLtd2023-03-012024-02-29 SC6310202023-02-28 SC6310202023-03-012024-02-29 SC631020business:AuditExemptWithAccountantsReport2023-03-012024-02-29 SC631020business:FilletedAccounts2023-03-012024-02-29 SC6310202024-02-29 SC631020business:Director12023-03-012024-02-29 SC631020business:Director22023-03-012024-02-29 SC631020business:RegisteredOffice2023-03-012024-02-29 SC6310202023-02-28 SC631020core:WithinOneYear2024-02-29 SC631020core:WithinOneYear2023-02-28 SC631020core:AfterOneYear2024-02-29 SC631020core:AfterOneYear2023-02-28 SC631020core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC631020core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC631020core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC631020core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC631020core:PreviouslyStatedAmount2024-02-29 SC631020core:PreviouslyStatedAmount2023-02-28 SC631020business:SmallEntities2023-03-012024-02-29 SC631020countries:Scotland2023-03-012024-02-29 SC6310202022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC631020 (Scotland)
Kaimend Developments Limited Unaudited accounts for the year ended 29 February 2024
Kaimend Developments Limited Unaudited accounts Contents
Page
- 2 -
Kaimend Developments Limited Company Information for the year ended 29 February 2024
Directors
Declan Todd Rooney Edward Rooney
Company Number
SC631020 (Scotland)
Registered Office
23 JERVISWOOD DRIVE CLEGHORN LANARK SOUTH LANARKSHIRE ML11 7RT SCOTLAND
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
- 3 -
Kaimend Developments Limited Accountants' report
Accountants' report to the board of directors of Kaimend Developments Limited on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kaimend Developments Limited for the year ended 29 February 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Kaimend Developments Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Kaimend Developments Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kaimend Developments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kaimend Developments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Kaimend Developments Limited. You consider that Kaimend Developments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Kaimend Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 4 November 2024
- 4 -
Kaimend Developments Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
600,000 
1,150,922 
Debtors
121 
121 
Cash at bank and in hand
40 
181 
600,161 
1,151,224 
Creditors: amounts falling due within one year
(971,745)
(959,978)
Net current (liabilities)/assets
(371,584)
191,246 
Total assets less current liabilities
(371,584)
191,246 
Creditors: amounts falling due after more than one year
- 
(195,425)
Net liabilities
(371,584)
(4,179)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(371,585)
(4,180)
Shareholders' funds
(371,584)
(4,179)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by
Edward Rooney Director Company Registration No. SC631020
- 5 -
Kaimend Developments Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Kaimend Developments Limited is a private company, limited by shares, registered in Scotland, registration number SC631020. The registered office is 23 JERVISWOOD DRIVE, CLEGHORN, LANARK, SOUTH LANARKSHIRE, ML11 7RT, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
121 
121 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
352,152 
560,984 
Other creditors
618,194 
397,968 
Loans from directors
679 
680 
Accruals
720 
346 
971,745 
959,978 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
- 
195,425 
7
Transactions with related parties
Included in creditors < 1 year is £417,664 (2022 - £417,664) owed to Roco Property Development Limited, a related company, for construction services. No interest has been charged. Included in creditors < 1 year are loans totalling £152,477 from related parties. Interest of £75,491 has been charged in the year representing backdated interest from 1 July 2019 to date.
- 6 -
Kaimend Developments Limited Notes to the Accounts for the year ended 29 February 2024
8
Controlling party
Roco Group Limited 23 Jerviswood Drive Cleghorn Lanark South Lanarkshire ML11 7RT Scotland
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 7 -