REGISTERED NUMBER: SC380231 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Kilgarth Investments Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

C J French

P Nichols

REGISTERED OFFICE:

Fernbank

2/4 Allanshaw Gardens

Hamilton

Lanarkshire

ML3 8NU

REGISTERED NUMBER:

SC380231 (Scotland)

ACCOUNTANTS:

BFN Accounts & Tax Limited

Hillcrest

22 Church Street

Blakesley

Towcester

Northamptonshire

NN12 8RA

FIXED ASSETS

Investments

4

1

1

CURRENT ASSETS

Debtors

5

2,429,091

2,348,936

CREDITORS

Amounts falling due within one year

6

1,203,235

1,153,081

NET CURRENT ASSETS

1,225,856

1,195,855

TOTAL ASSETS LESS CURRENT LIABILITIES

1,225,857

1,195,856

CREDITORS

Amounts falling due after more than one year

7

(1,457,363

)

(1,457,363

)

PROVISIONS FOR LIABILITIES

(1,829,091

)

(1,748,936

)

NET LIABILITIES

(2,060,597

)

(2,010,443

)

CAPITAL AND RESERVES

Called up share capital

8

25,080

25,080

Retained earnings

9

(2,085,677

)

(2,035,523

)

SHAREHOLDERS' FUNDS

(2,060,597

)

(2,010,443

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 2 December 2025 and were signed on its behalf by:

C J French - Director

1.	STATUTORY INFORMATION

Kilgarth Investments 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.	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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Going concern

The financial statements have been prepared on a going concern basis as the directors consider that continued support will be available from material creditors and investors.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2024

and 30 June 2025

1

NET BOOK VALUE

At 30 June 2025

1

At 30 June 2024

1

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Amounts owed by group undertakings

2,429,091

2,348,936

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

-

9,001

Other creditors

70,498

70,498

Accrued expenses

1,132,737

1,073,582

1,203,235

1,153,081

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Other loans - 1-2 years

1,457,363

1,457,363

The loan notes are secured over all assets of the company. Loan notes are convertible to A shares of the company on exit.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value

30.6.24

30.6.23

£

£

900

D Ordinary

1p

9

9

2,497,000

B Ordinary

1p

24,970

24,970

10,000

C Ordinary

1p

100

100

1

E Ordinary

1p

0.01

0.01

25,079

25,079

9.

RESERVES

Retained

earnings

£

At 1 July 2024

(2,035,523

)

Deficit for the year

(50,154

)

At 30 June 2025

(2,085,677

)

10.	RELATED PARTY DISCLOSURES

At the 30 June 2025 the company was owed £2,429,091 (2024: £2,348,936) by Kilgarth Development Company Limited (KDCL). The amount is included in debtors.

The loan is secured against the subsidiary's assets. During the year the interest charge on the loan amounted to £80,155 which is still outstanding at the year end. £1,829,091 (2024: £1,748,936) has been provided for against this loan being the net liabilities in KDCL as at 30th June 2025.