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REGISTERED NUMBER: SC621732 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

KILLECH LTD

KILLECH LTD (REGISTERED NUMBER: SC621732)






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


KILLECH LTD

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTORS: J D Graham
C S Graham





SECRETARY: C S Graham





REGISTERED OFFICE: Q Court
3 Quality Street
Edinburgh
EH4 5BP





REGISTERED NUMBER: SC621732 (Scotland)





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

KILLECH LTD (REGISTERED NUMBER: SC621732)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 1,314,523 1,253,260
Cash at bank 127 135
1,314,650 1,253,395
CREDITORS
Amounts falling due within one year 5 1,091,963 78,284
NET CURRENT ASSETS 222,687 1,175,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,687

1,175,111

CREDITORS
Amounts falling due after more than one
year

6

-

1,000,000
NET ASSETS 222,687 175,111

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 222,587 175,011
222,687 175,111

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.

KILLECH LTD (REGISTERED NUMBER: SC621732)

BALANCE SHEET - continued
29 February 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 27 November 2024 and were signed on its behalf by:





C S Graham - Director


KILLECH LTD (REGISTERED NUMBER: SC621732)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Killech 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.

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 relates to all amounts received or due to be received for interest receivable on the loan provided.

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 including loans and other accounts receivable and payable, are initially measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

TAXATION
Taxation for the year 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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 1,314,523 253,260

KILLECH LTD (REGISTERED NUMBER: SC621732)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

4. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors - 1,000,000

Aggregate amounts 1,314,523 1,253,260

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 11,934 10,811
Other creditors 1,080,029 67,473
1,091,963 78,284

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 1,000,000

7. RELATED PARTY DISCLOSURES

Included in "other creditors" is a balance of £1,078,206 (2023 - £1,065,745) due to the directors. This balance is interest free being payable in December 2024.

Included in "other debtors" is a balance of £1,314,523 (2023 - £1,253,260) due from a partnership in which the company is a corporate partner. Interest is accrued at 6% per annum on the principal of £1,000,000 which is recoverable in December 2024.