1 December 2023 false No description of principal activity Taxfiler 2024.6 SC750057business:PrivateLimitedCompanyLtd2023-12-012024-11-30 SC7500572023-11-30 SC7500572023-12-012024-11-30 SC750057business:AuditExempt-NoAccountantsReport2023-12-012024-11-30 SC750057business:FilletedAccounts2023-12-012024-11-30 SC7500572024-11-30 SC750057business:Director12023-12-012024-11-30 SC750057business:Director22023-12-012024-11-30 SC750057business:RegisteredOffice2023-12-012024-11-30 SC7500572023-11-30 SC750057core:WithinOneYear2024-11-30 SC750057core:WithinOneYear2023-11-30 SC750057core:AfterOneYear2024-11-30 SC750057core:AfterOneYear2023-11-30 SC750057core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 SC750057core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 SC750057core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 SC750057core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 SC750057core:PreviouslyStatedAmount2024-11-30 SC750057core:PreviouslyStatedAmount2023-11-30 SC750057business:SmallEntities2023-12-012024-11-30 SC750057countries:Scotland2023-12-012024-11-30 SC7500572022-11-112023-11-30 iso4217:GBP xbrli:pure
Company Registration No. SC750057 (Scotland)
KIKSGEM PROPERTY LTD Unaudited accounts for the year ended 30 November 2024
KIKSGEM PROPERTY LTD Unaudited accounts Contents
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KIKSGEM PROPERTY LTD Company Information for the year ended 30 November 2024
Directors
Joseph Iwaye Kikelomo Omolabake Iwaye
Company Number
SC750057 (Scotland)
Registered Office
31 Crofters Way East Whitburn Bathgate EH47 8ES Scotland
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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KIKSGEM PROPERTY LTD Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
162,019 
84,407 
Current assets
Debtors
950 
950 
Cash at bank and in hand
1,118 
4,728 
2,068 
5,678 
Creditors: amounts falling due within one year
(45,879)
(35,557)
Net current liabilities
(43,811)
(29,879)
Total assets less current liabilities
118,208 
54,528 
Creditors: amounts falling due after more than one year
(127,652)
(60,502)
Net liabilities
(9,444)
(5,974)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(9,446)
(5,976)
Shareholders' funds
(9,444)
(5,974)
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by
Joseph Iwaye Director Company Registration No. SC750057
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KIKSGEM PROPERTY LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
KIKSGEM PROPERTY LTD is a private company, limited by shares, registered in Scotland, registration number SC750057. The registered office is 31 Crofters Way, East Whitburn, Bathgate, EH47 8ES, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 December 2023
84,407 
Additions
77,612 
At 30 November 2024
162,019 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
950 
950 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
45,520 
35,198 
Accruals
359 
359 
45,879 
35,557 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
127,652 
60,502 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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