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REGISTERED NUMBER: SC681854 (Scotland)















Unaudited Financial Statements

for the Year Ended 6 April 2024

for

Keir Developments Limited

Keir Developments Limited (Registered number: SC681854)






Contents of the Financial Statements
for the Year Ended 6 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Keir Developments Limited

Company Information
for the Year Ended 6 April 2024







DIRECTORS: Dr D A Nance
Mrs M J Nance





REGISTERED OFFICE: Old Schoolhouse
Balmedie
Aberdeen
Aberdeenshire
AB23 8YS





REGISTERED NUMBER: SC681854 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Keir Developments Limited (Registered number: SC681854)

Balance Sheet
6 April 2024

6.4.24 6.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 968 1,076

CURRENT ASSETS
Stocks 645,704 474,023
Debtors 5 504 -
Cash at bank 14,299 917
660,507 474,940
CREDITORS
Amounts falling due within one year 6 703,208 508,905
NET CURRENT LIABILITIES (42,701 ) (33,965 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,733

)

(32,889

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (41,735 ) (32,891 )
SHAREHOLDERS' FUNDS (41,733 ) (32,889 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 6 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 6 April 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 20 November 2024 and were signed on its behalf by:





Dr D A Nance - Director


Keir Developments Limited (Registered number: SC681854)

Notes to the Financial Statements
for the Year Ended 6 April 2024

1. STATUTORY INFORMATION

Keir Developments 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.

Going concern
At 6 April 2024 the company's liabilities exceeded its total assets. The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is based upon the continued support of the shareholders. The liabilities include a loan owed to the directors which will not be repaid until the company is in a position to do so.

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 - 20% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Stocks
Stocks, including land held for development and residential work in progress are stated at the lower of cost and selling price less costs to complete and sell.

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.

3. EMPLOYEES AND DIRECTORS

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

Keir Developments Limited (Registered number: SC681854)

Notes to the Financial Statements - continued
for the Year Ended 6 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 7 April 2023
and 6 April 2024 1,379
DEPRECIATION
At 7 April 2023 303
Charge for year 108
At 6 April 2024 411
NET BOOK VALUE
At 6 April 2024 968
At 6 April 2023 1,076

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
6.4.24 6.4.23
£    £   
Other debtors 504 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
6.4.24 6.4.23
£    £   
Other creditors 703,208 508,905

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr D A Nance.