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REGISTERED NUMBER: SC249830 (Scotland)















KLIN INVESTMENT UK LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024






KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KLIN INVESTMENT UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: D Macklin





SECRETARY: D Macklin





REGISTERED OFFICE: Andrew Barclay Railway Heritage Centre
West Langlands Street
Kilmarnock
Ayrshire
KA1 2PY





REGISTERED NUMBER: SC249830 (Scotland)





ACCOUNTANTS: JRD LLP
11 Portland Road
Kilmarnock
KA1 2BT

KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 7,550,225 7,550,225
Investment property 5 430,000 430,000
7,980,225 7,980,225

CURRENT ASSETS
Debtors 6 1,414,325 1,388,150
Investments 7 32,541 32,541
Cash at bank 270,978 227,980
1,717,844 1,648,671
CREDITORS
Amounts falling due within one year 8 47,313 40,937
NET CURRENT ASSETS 1,670,531 1,607,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,650,756

9,587,959

CREDITORS
Amounts falling due after more than one
year

9

1,973,960

1,942,235
NET ASSETS 7,676,796 7,645,724

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 56,733 56,733
Retained earnings 7,619,963 7,588,891
SHAREHOLDERS' FUNDS 7,676,796 7,645,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830)

BALANCE SHEET - continued
30TH SEPTEMBER 2024



The financial statements were approved by the director and authorised for issue on 20th June 2025 and were signed by:





D Macklin - Director


KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Klin Investment UK 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.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


4. FIXED ASSET INVESTMENTS
Interest Interest
Shares in in in other
group associate participating
undertakings undertakings interests Totals
£    £    £    £   
COST
At 1st October 2023
and 30th September 2024 7,548,900 25 1,300 7,550,225
NET BOOK VALUE
At 30th September 2024 7,548,900 25 1,300 7,550,225
At 30th September 2023 7,548,900 25 1,300 7,550,225

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023
and 30th September 2024 430,000
NET BOOK VALUE
At 30th September 2024 430,000
At 30th September 2023 430,000

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2022 56,733
Cost 373,267
430,000

This property was revalued by the director at the previous balance sheet date with no change considered necessary at 30 September 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,382 13,382
Amounts owed by associates 118,646 98,646
Other debtors 1,282,297 1,276,122
1,414,325 1,388,150

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 32,541 32,541

KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors (266 ) (40 )
Taxation and social security 15,271 8,694
Other creditors 26,752 26,727
47,313 40,937

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 26,387 31,943
Amounts owed to group undertakings 1,947,573 1,910,292
1,973,960 1,942,235

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,163 9,719

10. RESERVES
Revaluation
reserve
£   
At 1st October 2023
and 30th September 2024 56,733

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

2024 2023
£    £   
D Macklin
Balance outstanding at start of year - 74,221
Amounts repaid - (74,221 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


12. RELATED PARTY DISCLOSURES

Trade debtors (note 5) includes a balance due from Klin Facilities Management Limited, a company which is controlled by D. Macklin, director, of £13,382 (2023 - £13,382). Other debtors (note 5) includes a balance due from this company of £118,646 (2023: £98,646).

Other debtors (note 5) includes balances of £1,463,800 due from Jonick Homes Limited and £242,097 due from Jonick Wexford Limited, companies in which D. Macklin, director, has share interests. These loans are subject to normal commercial terms.

13. ULTIMATE CONTROLLING PARTY

The company is controlled by D Macklin, director.