REGISTERED NUMBER: SC494326 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Kilmardinny 74 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Dougherty

Mrs E Dougherty

REGISTERED OFFICE:

13 Dunchattan Grove

Troon

Ayrshire

KA10 7AT

REGISTERED NUMBER:

SC494326 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

64,800

72,000

Tangible assets

5

325,875

154,675

390,675

226,675

CURRENT ASSETS

Debtors

6

1,143,923

1,266,470

Cash at bank

862,770

744,143

2,006,693

2,010,613

CREDITORS

Amounts falling due within one year

7

109,208

108,571

NET CURRENT ASSETS

1,897,485

1,902,042

TOTAL ASSETS LESS CURRENT LIABILITIES

2,288,160

2,128,717

CREDITORS

Amounts falling due after more than one year

8

143,007

162,459

NET ASSETS

2,145,153

1,966,258

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,145,053

1,966,158

2,145,153

1,966,258

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2025 and were signed on its behalf by:

J Dougherty - Director

1.	STATUTORY INFORMATION

Kilmardinny 74 Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

90,000

Additions

2,000

At 31 March 2025

92,000

AMORTISATION

At 1 April 2024

18,000

Charge for year

9,200

At 31 March 2025

27,200

NET BOOK VALUE

At 31 March 2025

64,800

At 31 March 2024

72,000

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 April 2024

100,000

92,650

192,650

Additions

125,000

79,825

204,825

At 31 March 2025

225,000

172,475

397,475

DEPRECIATION

At 1 April 2024

-

37,975

37,975

Charge for year

-

33,625

33,625

At 31 March 2025

-

71,600

71,600

NET BOOK VALUE

At 31 March 2025

225,000

100,875

325,875

At 31 March 2024

100,000

54,675

154,675

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

2

Other debtors

1,143,923

1,266,468

1,143,923

1,266,470

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

29,118

29,118

Hire purchase contracts

8,891

5,571

Taxation and social security

51,068

49,524

Other creditors

20,131

24,358

109,208

108,571

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

110,523

133,823

Hire purchase contracts

32,484

28,636

143,007

162,459

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

15,956

29,338

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

J Dougherty and Mrs E Dougherty

Balance outstanding at start of year

(5,651

)

(357

)

Amounts advanced

32,931

22,702

Amounts repaid

(29,260

)

(27,996

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,980

)

(5,651

)

At the year end the company was due the directors £1,980 (2024: £5,651). There are no specific repayment terms and no interest has been charged.