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REGISTERED NUMBER: SC728018 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

KELVIN PROPERTIES DEVELOPMENTS LIMITED

KELVIN PROPERTIES DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC728018)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KELVIN PROPERTIES DEVELOPMENTS LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M Taylor
S J McKechnie





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC728018 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

KELVIN PROPERTIES DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC728018)

Balance Sheet
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,030 12,307

CURRENT ASSETS
Debtors 5 3,158,087 448,543
Cash at bank 762,618 5,253
3,920,705 453,796
CREDITORS
Amounts falling due within one year 6 3,871,789 414,639
NET CURRENT ASSETS 48,916 39,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,946

51,464

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 62,846 51,364
SHAREHOLDERS' FUNDS 62,946 51,464

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

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

KELVIN PROPERTIES DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC728018)

Balance Sheet - continued
30 JUNE 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 7 February 2025 and were signed on its behalf by:





S J McKechnie - Director


KELVIN PROPERTIES DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC728018)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Kelvin Properties 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.

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

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 etc - 33% on a straight line basis and 25% on a straight line basis

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 12 (2023 - 8 ) .

KELVIN PROPERTIES DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC728018)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 16,931
Additions 9,520
At 30 June 2024 26,451
DEPRECIATION
At 1 July 2023 4,624
Charge for year 7,797
At 30 June 2024 12,421
NET BOOK VALUE
At 30 June 2024 14,030
At 30 June 2023 12,307

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,027,471 131,064
Other debtors 1,130,616 317,479
3,158,087 448,543

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,366,648 98,180
Taxation and social security 43,063 29,575
Other creditors 2,462,078 286,884
3,871,789 414,639