REGISTERED NUMBER: SC315127 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

KENNY DEVINE LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K S Devine

Mrs H Devine

REGISTERED OFFICE:

Suite 4.5

Turnberry House

175 West George Street

Glasgow

G2 2LB

REGISTERED NUMBER:

SC315127 (Scotland)

ACCOUNTANTS:

SD Business Management

Suite 4.5 Turnberry House

175 West George Street

Glasgow

G2 2LB

FIXED ASSETS

Intangible assets

4

48,649

60,515

Tangible assets

5

23,995

825

Investments

6

2,000

2,000

74,644

63,340

CURRENT ASSETS

Debtors

6,000

5,275

Cash at bank

1,314

1,500

7,314

6,775

CREDITORS

Amounts falling due within one year

33,226

32,385

NET CURRENT LIABILITIES

(25,912

)

(25,610

)

TOTAL ASSETS LESS CURRENT LIABILITIES

48,732

37,730

CREDITORS

Amounts falling due after more than one year

(12,210

)

-

PROVISIONS FOR LIABILITIES

(4,559

)

(206

)

NET ASSETS

31,963

37,524

CAPITAL AND RESERVES

Called up share capital

13

13

Retained earnings

31,950

37,511

SHAREHOLDERS' FUNDS

31,963

37,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 December 2025 and were signed on its behalf by:

K S Devine - Director

Mrs H Devine - Director

1.	STATUTORY INFORMATION

Kenny Devine 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.

In accordance with their responsibility as a director, the director has considered the appropriateness of the going concern basis for the preparation of the financial statements.

Turnover

Turnover represents net commissions received, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, 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 etc

-

33% on cost and 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.

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 2 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

and 30 April 2025

118,657

AMORTISATION

At 1 May 2024

58,142

Amortisation for year

11,866

At 30 April 2025

70,008

NET BOOK VALUE

At 30 April 2025

48,649

At 30 April 2024

60,515

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

3,122

Additions

27,858

At 30 April 2025

30,980

DEPRECIATION

At 1 May 2024

2,297

Charge for year

4,688

At 30 April 2025

6,985

NET BOOK VALUE

At 30 April 2025

23,995

At 30 April 2024

825

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 May 2024

and 30 April 2025

2,000

NET BOOK VALUE

At 30 April 2025

2,000

At 30 April 2024

2,000

The above represents a 50% shareholding in Cairn Financial Management Limited a company registered in Scotland.