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REGISTERED NUMBER: SC297273 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Kinmundy Developments Ltd.

Kinmundy Developments Ltd. (Registered number: SC297273)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kinmundy Developments Ltd.

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr S B Campbell
Mrs J Campbell





REGISTERED OFFICE: 7 Richmondhill Road
Peterhead
Aberdeenshire
AB42 3GJ





REGISTERED NUMBER: SC297273 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Kinmundy Developments Ltd. (Registered number: SC297273)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 480 652
Investment property 5 314,317 341,500
314,797 342,152

CURRENT ASSETS
Debtors 6 779 1,351
Cash at bank 3,492 2,060
4,271 3,411
CREDITORS
Amounts falling due within one year 7 4,313 4,809
NET CURRENT LIABILITIES (42 ) (1,398 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

314,755

340,754

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 8 (52,887 ) (25,704 )
Retained earnings 8 367,632 366,448
SHAREHOLDERS' FUNDS 314,755 340,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Kinmundy Developments Ltd. (Registered number: SC297273)

Balance Sheet - continued
31 March 2025


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 15 May 2025 and were signed on its behalf by:





Mr S B Campbell - Director


Kinmundy Developments Ltd. (Registered number: SC297273)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Kinmundy Developments 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Kinmundy Developments Ltd. (Registered number: SC297273)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2024 7,526 3,485 11,011
Additions 224 - 224
Disposals (1,909 ) - (1,909 )
At 31 March 2025 5,841 3,485 9,326
DEPRECIATION
At 1 April 2024 7,054 3,305 10,359
Charge for year 221 175 396
Eliminated on disposal (1,909 ) - (1,909 )
At 31 March 2025 5,366 3,480 8,846
NET BOOK VALUE
At 31 March 2025 475 5 480
At 31 March 2024 472 180 652

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 341,500
Revaluations (27,183 )
At 31 March 2025 314,317
NET BOOK VALUE
At 31 March 2025 314,317
At 31 March 2024 341,500

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2022 (25,704 )
Valuation in 2025 (27,183 )
Cost 367,204
314,317

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors - 575
Other debtors 779 776
779 1,351

Kinmundy Developments Ltd. (Registered number: SC297273)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Social security and other taxes - 239
Other creditors - 2,035
Directors' current accounts 2,866 1,203
Accrued expenses 1,447 1,332
4,313 4,809

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2024 366,448 (25,704 ) 340,744
Deficit for the year (25,999 ) - (25,999 )
Fair value adjustments 27,183 (27,183 ) -
At 31 March 2025 367,632 (52,887 ) 314,745