IRIS Accounts Production v25.1.4.42 SC787103 director 26.10.23 31.10.24 31.10.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7871032023-10-25SC7871032024-10-31SC7871032023-10-262024-10-31SC7871032023-10-25SC787103ns15:Scotland2023-10-262024-10-31SC787103ns14:PoundSterling2023-10-262024-10-31SC787103ns10:Director12023-10-262024-10-31SC787103ns10:PrivateLimitedCompanyLtd2023-10-262024-10-31SC787103ns10:SmallEntities2023-10-262024-10-31SC787103ns10:AuditExemptWithAccountantsReport2023-10-262024-10-31SC787103ns10:SmallCompaniesRegimeForDirectorsReport2023-10-262024-10-31SC787103ns10:SmallCompaniesRegimeForAccounts2023-10-262024-10-31SC787103ns10:FullAccounts2023-10-262024-10-31SC787103ns10:RegisteredOffice2023-10-262024-10-31SC787103ns5:CurrentFinancialInstruments2024-10-31SC787103ns5:Non-currentFinancialInstruments2024-10-31SC787103ns5:ShareCapital2024-10-31SC787103ns5:RevaluationReserve2024-10-31SC787103ns5:RetainedEarningsAccumulatedLosses2024-10-31SC787103ns5:ComputerEquipment2023-10-262024-10-31SC787103ns5:LandBuildings2023-10-262024-10-31SC787103ns5:LandBuildings2024-10-31SC787103ns5:ComputerEquipment2024-10-31SC787103ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-31SC787103ns5:DeferredTaxation2023-10-262024-10-31SC787103ns5:DeferredTaxation2024-10-31SC787103ns5:FurtherSpecificReserve3ComponentTotalEquity2024-10-31
REGISTERED NUMBER: SC787103 (Scotland)





















Unaudited Financial Statements

For The Period 26 October 2023 to 31 October 2024

for

KD3 Property Investment Ltd

KD3 Property Investment Ltd (Registered number: SC787103)






Contents of the Financial Statements
For The Period 26 October 2023 to 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

KD3 Property Investment Ltd

Company Information
For The Period 26 October 2023 to 31 October 2024







DIRECTOR: Mr D W Thomson





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC787103 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

KD3 Property Investment Ltd (Registered number: SC787103)

Balance Sheet
31 October 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 185,522
Investment property 5 305,000
490,522

CURRENT ASSETS
Debtors 6 1,369
Cash at bank 16,117
17,486
CREDITORS
Amounts falling due within one year 7 86,529
NET CURRENT LIABILITIES (69,043 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,479

CREDITORS
Amounts falling due after more than one year 8 (363,757 )

PROVISIONS FOR LIABILITIES 10 (7,209 )
NET ASSETS 50,513

CAPITAL AND RESERVES
Called up share capital 10
Revaluation reserve 11 39,195
Fair value reserve 11 60,812
Retained earnings (49,504 )
SHAREHOLDERS' FUNDS 50,513

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KD3 Property Investment Ltd (Registered number: SC787103)

Balance Sheet - continued
31 October 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 director and authorised for issue on 19 June 2025 and were signed by:





Mr D W Thomson - Director


KD3 Property Investment Ltd (Registered number: SC787103)

Notes to the Financial Statements
For The Period 26 October 2023 to 31 October 2024

1. STATUTORY INFORMATION

KD3 Property Investment 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

Taxation
Taxation for the period 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.


KD3 Property Investment Ltd (Registered number: SC787103)

Notes to the Financial Statements - continued
For The Period 26 October 2023 to 31 October 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

Going concern
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to financially support the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST OR VALUATION
Additions 147,957 1,653 149,610
Revaluations 40,002 - 40,002
At 31 October 2024 187,959 1,653 189,612
DEPRECIATION
Charge for period 3,759 331 4,090
At 31 October 2024 3,759 331 4,090
NET BOOK VALUE
At 31 October 2024 184,200 1,322 185,522

Cost or valuation at 31 October 2024 is represented by:

Freehold Computer
property equipment Totals
£    £    £   
Valuation in 2024 40,002 1,653 41,655
Cost 147,957 - 147,957
187,959 1,653 189,612

KD3 Property Investment Ltd (Registered number: SC787103)

Notes to the Financial Statements - continued
For The Period 26 October 2023 to 31 October 2024

4. TANGIBLE FIXED ASSETS - continued

If freehold property had not been revalued they would have been included at the following historical cost:

£   
Cost 149,757

Freehold property was valued on open market basis on by .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 237,238
Revaluations 67,762
At 31 October 2024 305,000
NET BOOK VALUE
At 31 October 2024 305,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2024 67,762
Cost 237,238
305,000

If investment property had not been revalued it would have been included at the following historical cost:

£   
Cost 237,237

Investment property was valued on an open market basis on 31 October 2024 by The Mortgage Works .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1,369

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 86,529

KD3 Property Investment Ltd (Registered number: SC787103)

Notes to the Financial Statements - continued
For The Period 26 October 2023 to 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 254,972
Other creditors 108,785
363,757

9. SECURED DEBTS

Together commerical hold the following securities:
All and whole the subjects known as and forming 31 st. Andrews drive.
All and whole the property known as and forming 45B commerce street, fraserburgh.
All and whole the property known as and forming 34 college bounds, fraserburgh.
All and whole the subjects known as and forming 4 andover hill lower, brechin.
All and whole the subjects known as and forming 128 harbour road, gardenstown.

10. PROVISIONS FOR LIABILITIES
£   
Deferred tax 7,209

Deferred
tax
£   
Provided during period 7,209
Balance at 31 October 2024 7,209

11. RESERVES
Fair
Revaluation value
reserve reserve Totals
£    £    £   
Transfer to reserves 40,002 67,762 107,764
Deferred tax on revaluation (7 ) (6,950 ) (6,957 )
Depreciation on revaluation (800 ) - (800 )

At 31 October 2024 39,195 60,812 100,007

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
KD3 Property Investment Ltd

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KD3 Property Investment Ltd for the period ended 31 October 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of KD3 Property Investment Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KD3 Property Investment Ltd and state those matters that we have agreed to state to the director of KD3 Property Investment Ltd in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that KD3 Property Investment Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KD3 Property Investment Ltd. You consider that KD3 Property Investment Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of KD3 Property Investment Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


19 June 2025