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REGISTERED NUMBER: SC728005 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

KMF Investments (Scotland) Ltd

KMF Investments (Scotland) Ltd (Registered number: SC728005)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KMF Investments (Scotland) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R Bonnar
Mrs S Bonnar





REGISTERED OFFICE: 29 Links Road
Lundin Links
Leven
Fife
KY8 6AT





REGISTERED NUMBER: SC728005 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

KMF Investments (Scotland) Ltd (Registered number: SC728005)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 10,461 10,473

CURRENT ASSETS
Cash at bank 32,956 36,762

CREDITORS
Amounts falling due within one year 5 51,797 51,318
NET CURRENT LIABILITIES (18,841 ) (14,556 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,380

)

(4,083

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (8,382 ) (4,085 )
(8,380 ) (4,083 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 26 November 2024 and were signed on its behalf by:





Mr R Bonnar - Director


KMF Investments (Scotland) Ltd (Registered number: SC728005)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

KMF Investments (Scotland) 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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 10,473
Additions 1,520
Revaluations (1,532 )
At 31 March 2024 10,461
NET BOOK VALUE
At 31 March 2024 10,461
At 31 March 2023 10,473

KMF Investments (Scotland) Ltd (Registered number: SC728005)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2023 (821 )
Valuation in 2024 (1,533 )
Cost 12,815
10,461

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 51,797 51,318

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

31.3.24 31.3.23
£    £   
Mr R Bonnar
Balance outstanding at start of year (358 ) -
Amounts advanced - 2
Amounts repaid (360 ) (360 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (718 ) (358 )

7. RELATED PARTY DISCLOSURES

At the year end there is a balance of £50,000 due to KMF Consultants Ltd, a company that Mr R Bonnar and Mrs S Bonnar are directors of.

8. ULTIMATE CONTROLLING PARTY

The controlling party are the directors, who own 100% of the share capital.

9. GOING CONCERN

The company relies upon the continued support of the directors.