REGISTERED NUMBER: SC383373 (Scotland)

Unaudited Financial Statements

for the Period 1 April 2024 to 31 December 2024

for

Kingsfield Lodges Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

491,706

393,605

CURRENT ASSETS

Debtors

5

450

1,718

Cash at bank

-

14,998

450

16,716

CREDITORS

Amounts falling due within one year

6

(326,321

)

(374,255

)

NET CURRENT LIABILITIES

(325,871

)

(357,539

)

TOTAL ASSETS LESS CURRENT LIABILITIES

165,835

36,066

CREDITORS

Amounts falling due after more than one year

7

(227,659

)

(88,171

)

NET LIABILITIES

(61,824

)

(52,105

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(61,924

)

(52,205

)

(61,824

)

(52,105

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

Mr R C Arkley - Director

1.	STATUTORY INFORMATION

Kingsfield Lodges Limited is a private company, limited by shares, domiciled in Scotland, registration number SC383373. The registered office is Kingsfield Golf Centre, Linlithgow, West Lothian, Scotland, EH49 7LS.

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.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

393,605

2,500

396,105

Additions

98,101

-

98,101

At 31 December 2024

491,706

2,500

494,206

DEPRECIATION

At 1 April 2024

and 31 December 2024

-

2,500

2,500

NET BOOK VALUE

At 31 December 2024

491,706

-

491,706

At 31 March 2024

393,605

-

393,605

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.3.24

£

£

Amounts owed by related parties

450

-

Other debtors

-

1,718

450

1,718

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.3.24

£

£

Bank loans and overdrafts

13,696

2,567

Trade creditors

(428

)

14,245

Amounts owed to related parties

43,287

77,817

Taxation and social security

371

-

Other creditors

269,395

279,626

326,321

374,255

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.3.24

£

£

Bank loans

227,659

88,171

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

184,459

77,902

8.	RELATED PARTY DISCLOSURES

Amounts owed to related parties - £43,287 (2024: £77,817)

Amounts owed by related parties - £450 (2024: £nil)