Company registration number: SC025688
Unaudited financial statements
for the year ended 31 March 2025
for
The Kincorth Estates Company Limited
Pages for filing with the Registrar
Company registration number: SC025688
The Kincorth Estates Company Limited
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 491,331 513,335
Investments 5 139 139
Investment property 6 250,000 250,000
741,470 763,474
Current assets
Stocks 21,209 27,134
Debtors 288,611 276,911
Cash at bank and in hand 131,560 217,544
441,380 521,589
Creditors: amounts falling due within one
year 		(11,486) (91,111)
Net current assets 429,894 430,478
Total assets less current liabilities 1,171,364 1,193,952
Provisions for liabilities (48,857) (48,857)
NET ASSETS 1,122,507 1,145,095
Capital and reserves
Called up share capital 93,940 93,940
Other reserves 468,445 468,445
Profit and loss account 560,122 582,710
TOTAL EQUITY 1,122,507 1,145,095
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: SC025688
The Kincorth Estates Company Limited
Balance sheet - continued
as at 31 March 2025
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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 6 October 2025 and signed on its behalf by:
Mr M Middleton, Director Mrs C Middleton, Director
6 October 2025 6 October 2025
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The Kincorth Estates Company Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
The Kincorth Estates Company Limited is a private company registered in Scotland. Its registered number is SC025688. The company is limited by shares. Its registered office is Burnett & Reid LLP, 9 Queens Road, Aberdeen, Aberdeenshire, AB15 4YL.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 0% reducing balance
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3
The Kincorth Estates Company Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. 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 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 4 (2024 - 4).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 April 2024 423,201 698,125 1,121,326
Additions - 1,875 1,875
Disposals - (1,000) (1,000)
At 31 March 2025 423,201 699,000 1,122,201
Depreciation
At 1 April 2024 - 607,991 607,991
Charge for year - 22,879 22,879
At 31 March 2025 - 630,870 630,870
Net book value
At 31 March 2025 423,201 68,130 491,331
At 31 March 2024 423,201 90,134 513,335
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The Kincorth Estates Company Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
5 Fixed asset investments
Investments other than loans
Other
investments
other than
loans
£
Cost
At 1 April 2024 139
At 31 March 2025 139
Net book value
At 31 March 2025 139
At 31 March 2024 139
6 Investment property
£
Valuation
At 1 April 2024 250,000
Disposals -
At 31 March 2025 250,000
5