IRIS Accounts Production v25.1.3.33 SC370151 Board of Directors 1.1.24 31.12.24 31.12.24 a non-trading holding company. 0 0 false true true false false true true true true true false false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC370151 2023-12-31 SC370151 2024-12-31 SC370151 2024-01-01 2024-12-31 SC370151 2022-12-31 SC370151 2023-01-01 2023-12-31 SC370151 2023-12-31 SC370151 ns15:Scotland 2024-01-01 2024-12-31 SC370151 ns14:PoundSterling 2024-01-01 2024-12-31 SC370151 ns10:Director1 2024-01-01 2024-12-31 SC370151 ns10:CompanySecretary1 2024-01-01 2024-12-31 SC370151 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC370151 ns10:FRS101 2024-01-01 2024-12-31 SC370151 ns10:Audited 2024-01-01 2024-12-31 SC370151 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 SC370151 ns10:FullAccounts 2024-01-01 2024-12-31 SC370151 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 SC370151 ns10:Director4 2024-01-01 2024-12-31 SC370151 ns10:RegisteredOffice 2024-01-01 2024-12-31 SC370151 ns10:Director3 2024-01-01 2024-12-31 SC370151 ns10:Director2 2024-01-01 2024-12-31 SC370151 ns5:ShareCapital 2024-12-31 SC370151 ns5:ShareCapital 2023-12-31 SC370151 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC370151 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 SC370151 ns5:ShareCapital 2022-12-31 SC370151 ns5:RetainedEarningsAccumulatedLosses 2022-12-31 SC370151 ns5:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 SC370151 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 SC370151 1 2024-01-01 2024-12-31 SC370151 2 2024-01-01 2024-12-31 SC370151 ns10:OrdinaryShareClass1 2023-01-01 2023-12-31 SC370151 ns5:CurrentFinancialInstruments 2024-12-31 SC370151 ns5:CurrentFinancialInstruments 2023-12-31 SC370151 ns10:OrdinaryShareClass1 2024-12-31 SC370151 ns5:RetainedEarningsAccumulatedLosses 2023-12-31

REGISTERED NUMBER: SC370151 (Scotland)

| Report of the Directors and |

| Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| Kim Holdings Scotland Limited |

Kim Holdings Scotland Limited (Registered number: SC370151)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Report of the Directors | 2 |

Report of the Independent Auditors | 3 |

Income Statement | 6 |

Other Comprehensive Income | 7 |

Statement of Financial Position | 8 |

Statement of Changes in Equity | 9 |

Notes to the Financial Statements | 10 |

Kim Holdings Scotland Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | Mrs T Mortimer

| N Choudhury

| SECRETARY: | N Choudhury

| REGISTERED OFFICE: | Radleigh House

| 1 Golf Road

| Clarkston

| Glasgow

| G76 7HU

| REGISTERED NUMBER: | SC370151 (Scotland)

| AUDITORS: | O'Haras Accountants Limited (Statutory Auditor)

| Radleigh House

| 1 Golf Road

| Clarkston

| Glasgow

| G76 7HU

Kim Holdings Scotland Limited (Registered number: SC370151)

Report of the Directors

for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIRECTORS

The directors who have held office during the period from 1 January 2024 to the date of this report are as follows:

T Gorgun - resigned 31 December 2024

Mrs T Mortimer - appointed 31 December 2024

N Choudhury was appointed as a director after 31 December 2024 but prior to the date of this report.

M Owen ceased to be a director after 31 December 2024 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 101 'Reduced Disclosure Framework'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, O'Haras Accountants Limited (Statutory Auditor), will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

N Choudhury - Secretary

18 September 2025

Report of the Independent Auditors to the Members of

Kim Holdings Scotland Limited

Opinion

We have audited the financial statements of Kim Holdings Scotland Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 'Reduced Disclosure Framework' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Report of the Directors has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Kim Holdings Scotland Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit; or

- | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

Kim Holdings Scotland Limited

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates. We made enquiries of management as to whether there were any known or suspected instances of non-compliance with laws and regulations or fraud, and reviewed available board minutes for any indication of such matters.

- We gained an understanding of management's internal controls designed to prevent and detect irregularities in their day-to-day operations.

- We considered the company’s revenue recognition policy and performed substantive tests to confirm the completeness of revenue reported.

- We considered laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, UK GAAP, the Companies Act 2006 and UK tax legislation. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement components. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of relevant third parties.

- We considered how fraud might occur in this company and designed our tests accordingly.

- We preformed audit work to address the risk of management override of internal controls, including reviewing journals, reviewing for large or unusual items and transactions out with the normal course of business, and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

John O'Hara CA (Senior Statutory Auditor)

for and on behalf of O'Haras Accountants Limited (Statutory Auditor)

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

18 September 2025

Kim Holdings Scotland Limited (Registered number: SC370151)

Income Statement

for the Year Ended 31 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

TURNOVER | 2 | - |  | - |  |

Other operating income | 150 |  | 10,793 |  |

OPERATING PROFIT and |

PROFIT BEFORE TAXATION | 3 | 150 |  | 10,793 |  |

Tax on profit | 4 | 33 |  | 2,539 |  |

PROFIT FOR THE FINANCIAL YEAR | 117 |  | 8,254 |  |

Kim Holdings Scotland Limited (Registered number: SC370151)

Other Comprehensive Income

for the Year Ended 31 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

PROFIT FOR THE YEAR | 117 |  | 8,254 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 117 |  | 8,254 |  |

Kim Holdings Scotland Limited (Registered number: SC370151)

Statement of Financial Position

31 December 2024

| 2024 |  | 2023

| Notes | £ | £ | £ |

CURRENT ASSETS

Debtors | 6 | 334 |  | 217 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 334 |  | 217 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 200 |  | 200 |  |

Retained earnings | 8 | 134 |  | 17 |  |

SHAREHOLDERS' FUNDS | 334 |  | 217 |  |

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

N Choudhury - Director

Kim Holdings Scotland Limited (Registered number: SC370151)

Statement of Changes in Equity

for the Year Ended 31 December 2024

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 January 2023 | 200 |  | 788,824 |  | 789,024 |  |

Changes in equity

Dividends | - |  | (797,061 | ) | (797,061 | ) |

Total comprehensive income | - |  | 8,254 |  | 8,254 |  |

Balance at 31 December 2023 | 200 |  | 17 |  | 217 |  |

Changes in equity

Total comprehensive income | - |  | 117 |  | 117 |  |

Balance at 31 December 2024 | 200 |  | 134 |  | 334 |  |

Kim Holdings Scotland Limited (Registered number: SC370151)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | ACCOUNTING POLICIES

| Basis of preparation

| These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Going Concern

| After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

| Now the company no longer has the investment in its subsidiary undertaking, the long term future is that the company will eventually be wound up.

| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

| • | the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral Resources;

| • | the requirements of IFRS 7 Financial Instruments: Disclosures;

| • | the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;

| • | the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative information in respect of:

| - | paragraphs 53(a), (h) and (j) of IFRS 16;

| • | the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to 136 of IAS 1;

| • | the requirements of

| - | paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and

| - | paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;

| • | the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;

| • | the requirements of paragraph 74(b) of IAS 16;

| • | the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;

| • | the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group;

| Taxation

| Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the statement of financial position date.

| 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 amortized cost using the effective interest method, less any impairment.

| Creditors

| Short term 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 amortized cost using the effective interest method.

Kim Holdings Scotland Limited (Registered number: SC370151)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

1. | ACCOUNTING POLICIES - continued

| Impairment of fixed assets

| At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Cash and cash equivalents

| Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. | PROFIT BEFORE TAXATION

| The profit before taxation is stated after charging:

| 2024 |  | 2023

£ | £ |

4. | TAXATION

| Analysis of tax expense

| 2024 |  | 2023

£ | £ |

| Current tax:

| Tax | 33 |  | 2,539 |  |

| Total tax expense in income statement | 33 |  | 2,539 |  |

| The main corporation tax rate increased from 19% to 25% with effect from 1 April 2023.

5. | DIVIDENDS

| 2024 |  | 2023

£ | £ |

| Ordinary shares of £1 each

| Final | - |  | 797,061 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Other debtors | 334 |  | 217 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 200 | Ordinary | £1 | 200 |  | 200 |  |

Kim Holdings Scotland Limited (Registered number: SC370151)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

8. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2024 | 17 |  |

| Profit for the year | 117 |  |

| At 31 December 2024 | 134 |  |

9. | ULTIMATE PARENT COMPANY

| The company is a wholly owned subsidiary undertaking of Continental UK Group Holdings Limited, the ultimate parent company of which is Continental AG, a company incorporated in Germany. The consolidated accounts of Continental AG are available to the public and may be obtained from;

| Continental AG

| Vahrenwalder Strasse 9

| 30001 Hannover

| Germany