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Company No: SC396959 (Scotland)

KILKERRAN HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH THE REGISTRAR

KILKERRAN HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024

Contents

KILKERRAN HOLDINGS LIMITED

BALANCE SHEET

AS AT 31 MAY 2024
KILKERRAN HOLDINGS LIMITED

BALANCE SHEET (continued)

AS AT 31 MAY 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 2 2
2 2
Current assets
Debtors 4 19,532 19,532
19,532 19,532
Net current assets 19,532 19,532
Total assets less current liabilities 19,534 19,534
Net assets 19,534 19,534
Capital and reserves
Called-up share capital 5 2 2
Profit and loss account 19,532 19,532
Total shareholder's funds 19,534 19,534

Kilkerran Holdings Limited (registered number: SC396959) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Kilkerran Holdings Limited (registered number: SC396959) were approved and authorised for issue by the Board of Directors on 26 February 2025. They were signed on its behalf by:

A Brady
Director
KILKERRAN HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
KILKERRAN HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kilkerran Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Mariner House Watermark Business Park, 355 Govan Road, Glasgow, G51 2SE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 June 2023 2
At 31 May 2024 2
Carrying value at 31 May 2024 2
Carrying value at 31 May 2023 2

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.05.2024
Ownership
31.05.2023
Held
Sealife Crewing Services Ltd 1 Park Row, Leeds, England, LS1 5AB Dormant Company 2 100.00% 100.00% Direct

4. Debtors

2024 2023
£ £
Amounts owed by related parties 19,532 19,532

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

6. Related party transactions

Other related party transactions

2024 2023
£ £
Amounts owed to related parties 19,532 19,532