IRIS Accounts Production v24.3.0.553 SC487216 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4872162023-09-30SC4872162024-09-30SC4872162023-10-012024-09-30SC4872162022-09-30SC4872162022-10-012023-09-30SC4872162023-09-30SC487216ns15:Scotland2023-10-012024-09-30SC487216ns14:PoundSterling2023-10-012024-09-30SC487216ns10:Director12023-10-012024-09-30SC487216ns10:PrivateLimitedCompanyLtd2023-10-012024-09-30SC487216ns10:SmallEntities2023-10-012024-09-30SC487216ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-30SC487216ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-30SC487216ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-30SC487216ns10:FullAccounts2023-10-012024-09-30SC48721612023-10-012024-09-30SC487216ns10:Director22023-10-012024-09-30SC487216ns10:Director32023-10-012024-09-30SC487216ns10:CompanySecretary12023-10-012024-09-30SC487216ns10:RegisteredOffice2023-10-012024-09-30SC487216ns5:CurrentFinancialInstruments2024-09-30SC487216ns5:CurrentFinancialInstruments2023-09-30SC487216ns5:ShareCapital2024-09-30SC487216ns5:ShareCapital2023-09-30SC487216ns5:RetainedEarningsAccumulatedLosses2024-09-30SC487216ns5:RetainedEarningsAccumulatedLosses2023-09-30SC487216ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-30SC487216ns5:PatentsTrademarksLicencesConcessionsSimilar2023-10-012024-09-30SC487216ns5:PatentsTrademarksLicencesConcessionsSimilar2023-09-30SC487216ns5:PatentsTrademarksLicencesConcessionsSimilar2024-09-30SC487216ns5:PatentsTrademarksLicencesConcessionsSimilar2023-09-30SC487216ns5:FurnitureFittings2023-09-30SC487216ns5:MotorVehicles2023-09-30SC487216ns5:FurnitureFittings2023-10-012024-09-30SC487216ns5:MotorVehicles2023-10-012024-09-30SC487216ns5:FurnitureFittings2024-09-30SC487216ns5:MotorVehicles2024-09-30SC487216ns5:FurnitureFittings2023-09-30SC487216ns5:MotorVehicles2023-09-30SC487216ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-30SC487216ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: SC487216 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

KILDONAN FISHING COMPANY LIMITED

KILDONAN FISHING COMPANY LIMITED (REGISTERED NUMBER: SC487216)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KILDONAN FISHING COMPANY LIMITED

COMPANY INFORMATION
For The Year Ended 30 September 2024







DIRECTORS: Ruaridh Macgregor
Roderick Donald MacGregor
Steven Noble Taylor





SECRETARY: Duncan Grout ACCA





REGISTERED OFFICE: Units 1 & 2
Old School
Cawdor
Nairn
Inverness-shire
IV12 5BL





REGISTERED NUMBER: SC487216 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

KILDONAN FISHING COMPANY LIMITED (REGISTERED NUMBER: SC487216)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 27,979
Tangible assets 5 - 2,625
- 30,604

CURRENT ASSETS
Debtors 6 973 2,054
Cash at bank 229,258 279,523
230,231 281,577
CREDITORS
Amounts falling due within one year 7 25,928 232,772
NET CURRENT ASSETS 204,303 48,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,303

79,409

PROVISIONS FOR LIABILITIES - 656
NET ASSETS 204,303 78,753

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 203,803 78,253
SHAREHOLDERS' FUNDS 204,303 78,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

KILDONAN FISHING COMPANY LIMITED (REGISTERED NUMBER: SC487216)

BALANCE SHEET - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





Steven Noble Taylor - Director


KILDONAN FISHING COMPANY LIMITED (REGISTERED NUMBER: SC487216)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Kildonan Fishing 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of fifteen years.

Intangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Patents & licences 6.67% straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Vessels & gear 5% straight line
Plant & machinery 25% straight line
Motor vehicles 20% straight line

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

KILDONAN FISHING COMPANY LIMITED (REGISTERED NUMBER: SC487216)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 October 2023 70,000
Disposals (70,000 )
At 30 September 2024 -
AMORTISATION
At 1 October 2023 42,021
Eliminated on disposal (42,021 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 27,979

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 October 2023 3,500 20,995 24,495
Disposals (3,500 ) (20,995 ) (24,495 )
At 30 September 2024 - - -
DEPRECIATION
At 1 October 2023 875 20,995 21,870
Eliminated on disposal (875 ) (20,995 ) (21,870 )
At 30 September 2024 - - -
NET BOOK VALUE
At 30 September 2024 - - -
At 30 September 2023 2,625 - 2,625

KILDONAN FISHING COMPANY LIMITED (REGISTERED NUMBER: SC487216)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,290
Other debtors 973 764
973 2,054

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 14,338
Taxation and social security 23,744 30,652
Other creditors 2,184 187,782
25,928 232,772