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REGISTERED NUMBER: SC267557 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Kirk Wynd Highland House Limited

Kirk Wynd Highland House Limited (Registered number: SC267557)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Kirk Wynd Highland House Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Ms Nancy C Scollin
Mrs Norma Scollin
Mrs Jennifer A Brown





SECRETARY: Mrs Norma Scollin





REGISTERED OFFICE: 2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG





REGISTERED NUMBER: SC267557 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

Kirk Wynd Highland House Limited (Registered number: SC267557)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 488,380 494,580

CURRENT ASSETS
Stocks 70,000 70,000
Cash at bank and in hand 83,091 88,169
153,091 158,169
CREDITORS
Amounts falling due within one year 5 108,805 138,071
NET CURRENT ASSETS 44,286 20,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

532,666

514,678

PROVISIONS FOR LIABILITIES 3,492 4,977
NET ASSETS 529,174 509,701

CAPITAL AND RESERVES
Called up share capital 600 600
Revaluation reserve 297,924 297,924
Retained earnings 230,650 211,177
SHAREHOLDERS' FUNDS 529,174 509,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

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

Kirk Wynd Highland House Limited (Registered number: SC267557)

Balance Sheet - continued
31 August 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 28 October 2024 and were signed on its behalf by:




Mrs Jennifer A Brown - Director



Ms Nancy C Scollin - Director


Kirk Wynd Highland House Limited (Registered number: SC267557)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Kirk Wynd Highland House 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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance

In accordance with SSAP19, no depreciation is provided in respect of freehold investment properties with over 20 years to run. This treatment may be a departure from the requirements of the Companies Act concerning depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that the systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been separately identified or quantified.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Kirk Wynd Highland House Limited (Registered number: SC267557)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 470,000 77,115 547,115
DEPRECIATION
At 1 September 2023 - 52,535 52,535
Charge for year - 6,200 6,200
At 31 August 2024 - 58,735 58,735
NET BOOK VALUE
At 31 August 2024 470,000 18,380 488,380
At 31 August 2023 470,000 24,580 494,580

Included in cost of land and buildings is freehold land of £ 470,000 (2023 - £ 470,000 ) which is not depreciated.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 13 2,577
Trade creditors 11,882 14,856
Taxation and social security 28,945 16,953
Other creditors 67,965 103,685
108,805 138,071

Kirk Wynd Highland House Limited

Report of the Accountants to the Directors of
Kirk Wynd Highland House Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


28 October 2024