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REGISTERED NUMBER: SC378862 (Scotland)
















Financial Statements

for the Year Ended 31 December 2024

for

KCM Holdings (Scotland) Ltd.

KCM Holdings (Scotland) Ltd. (Registered number: SC378862)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KCM Holdings (Scotland) Ltd.

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr C McAdam
Mrs A McAdam





REGISTERED OFFICE: Unit 2
1 Alleysbank Road
Rutherglen
Glasgow
G73 1LX





REGISTERED NUMBER: SC378862 (Scotland)





ACCOUNTANTS: Gillespie & Anderson
Chartered Accountants
Westburn Business Centre
McNee Road
Prestwick
KA9 2PB

KCM Holdings (Scotland) Ltd. (Registered number: SC378862)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,211,509 1,233,946
Investments 5 2 2
1,211,511 1,233,948

CURRENT ASSETS
Debtors 6 239,508 46,748
Cash at bank 72,110 73,447
311,618 120,195
CREDITORS
Amounts falling due within one year 7 279,599 245,646
NET CURRENT ASSETS/(LIABILITIES) 32,019 (125,451 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,243,530

1,108,497

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,242,530 1,107,497
SHAREHOLDERS' FUNDS 1,243,530 1,108,497

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

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

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 Profit and Loss Account has not been delivered.

KCM Holdings (Scotland) Ltd. (Registered number: SC378862)

Balance Sheet - continued
31 December 2024



The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by:





Mr C McAdam - Director


KCM Holdings (Scotland) Ltd. (Registered number: SC378862)

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

1. STATUTORY INFORMATION

KCM Holdings (Scotland) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
After reviewing the company's current performance, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore continue to adopt the going concern basis in preparing the company's financial statements.

Preparation of consolidated financial statements
The financial statements contain information about KCM Holdings (Scotland) Ltd. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Land & Buildings - in accordance with the property

Impairment of fixed assets
At each reporting date, the company reviews the carrying amounts of its tangible and intangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

KCM Holdings (Scotland) Ltd. (Registered number: SC378862)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has no complex financial instruments but does hold basic financial instruments of; cash at bank, debtors and creditors.

Cash and cash equivalents comprise cash at bank and on hand, foreign currency on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. A bank overdraft would be shown within current liabilities.

Trade and other debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such cases, trade and other debtors are stated at cost less losses for bad debts.

Trade and other creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, trade and other creditors are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 2 (2023 - 2 ) .

KCM Holdings (Scotland) Ltd. (Registered number: SC378862)

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

4. TANGIBLE FIXED ASSETS
Land &
Buildings
£   
COST
At 1 January 2024
and 31 December 2024 1,429,442
DEPRECIATION
At 1 January 2024 195,496
Charge for year 22,437
At 31 December 2024 217,933
NET BOOK VALUE
At 31 December 2024 1,211,509
At 31 December 2023 1,233,946

Included in cost of land and buildings is freehold land of £ 500,000 (2023 - £ 500,000 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 2
NET BOOK VALUE
At 31 December 2024 2
At 31 December 2023 2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Name of Company Class of shares Holding

CAM Autos Ltd Ordinary 100%

AEP (Scotland) Ltd Ordinary 100%



6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 16,605
Other debtors 239,508 30,143
239,508 46,748

KCM Holdings (Scotland) Ltd. (Registered number: SC378862)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 190,632 204,859
Taxation and social security 79,300 31,120
Other creditors 9,667 9,667
279,599 245,646

8. CONTINGENT LIABILITIES

The company has granted a corporate guarantee in favour of the bank in respect of all borrowings of its subsidiary company, AEP (Scotland) Limited. As at 31 December 2024 these liabilities amounted to £134,282 (2023: £268,642).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr C McAdam and Mrs A McAdam
Balance outstanding at start of year 30,143 (105,652 )
Amounts advanced 279,117 210,795
Amounts repaid (110,000 ) (75,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 199,260 30,143

10. CONTROLLING PARTIES

The company is under the joint control of Colin McAdam and Mrs Aileen McAdam by virtue of their 100% holding in the company.