REGISTERED NUMBER: SC237631 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

Kelvin Valley Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J K Rafferty

L Rafferty

REGISTERED OFFICE:

23 Main Street

Kilsyth

Glasgow

G65 0AH

REGISTERED NUMBER:

SC237631 (Scotland)

ACCOUNTANTS:

Wallace and Company C.A.

10 Clydesdale Street

Hamilton

Strathclyde

ML3 0DP

FIXED ASSETS

Intangible assets

5

151,000

151,000

Tangible assets

6

13,486

14,493

164,486

165,493

CURRENT ASSETS

Debtors

7

237

60,479

Cash at bank and in hand

120,489

105,535

120,726

166,014

CREDITORS

Amounts falling due within one year

8

121,379

86,092

NET CURRENT (LIABILITIES)/ASSETS

(653

)

79,922

TOTAL ASSETS LESS CURRENT LIABILITIES

163,833

245,415

PROVISIONS FOR LIABILITIES

2,174

3,623

NET ASSETS

161,659

241,792

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

161,559

241,692

SHAREHOLDERS' FUNDS

161,659

241,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by:

J K Rafferty - Director

1.	STATUTORY INFORMATION

Kelvin Valley Properties 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value of all services delivered during the year, at a selling price exclusive of Value Added Tax. Sales are recognised at the point that the company has fulfilled its contractual obligations to the customer.

Goodwill

The directors are of the opinion that this asset will continue to increase in value and as a result no amortisation has been provided for. This is a departure from the accounting standards but the directors are of the opinion that this departure is required to show a true and fair view of the company`s affairs.

Tangible fixed assets

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

Plant and machinery etc

-

33.33% on cost and 20% on cost

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities; including creditors, bank loans and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

151,000

NET BOOK VALUE

At 31 July 2025

151,000

At 31 July 2024

151,000

6.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2024

-

58,360

58,360

Additions

5,325

2,615

7,940

Disposals

-

(6,003

)

(6,003

)

At 31 July 2025

5,325

54,972

60,297

DEPRECIATION

At 1 August 2024

-

43,867

43,867

Charge for year

533

8,414

8,947

Eliminated on disposal

-

(6,003

)

(6,003

)

At 31 July 2025

533

46,278

46,811

NET BOOK VALUE

At 31 July 2025

4,792

8,694

13,486

At 31 July 2024

-

14,493

14,493

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

237

60,479

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,375

1,297

Taxation and social security

77,859

57,623

Other creditors

39,145

27,172

121,379

86,092

9.	RELATED PARTY DISCLOSURES

The controlling party is J K Rafferty.