K&MD Properties Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: SC583965

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,479		2,917

			2,479		2,917
CURRENT ASSETS
Stocks	5	62,564		62,064
Debtors	6	1,281		2,938
Cash at bank and in hand		21,816		60,365

		85,661		125,367
Creditors: Amounts Falling Due Within One Year	7	(56,617 )		(87,554 )

NET CURRENT ASSETS (LIABILITIES)			29,044		37,813

TOTAL ASSETS LESS CURRENT LIABILITIES			31,523		40,730

NET ASSETS			31,523		40,730

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			31,423		40,630

SHAREHOLDERS' FUNDS			31,523		40,730

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Kevin Davidson

Director

22 December 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

K&MD Properties Limited is a private company, limited by shares, incorporated in Scotland, registered number SC583965 . The registered office is Moss-Side Campfield, Glassel, Banchory, AB31 4DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

2.2. Turnover

Turnover is recognised at the fair value of the consideration received or receivable from property development, and is shown net of VAT.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the purchaser at handover/legal completion.

Revenue from contracts for the provision of construction services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

15% reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

Land stock is stated at the lower of cost and net realisable value. Cost comprises the purchase price of land.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2.6. Financial Instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and directors' loans to the company.

Trade debtors and trade creditors are measured at the undiscounted amounts receivable from a customer or payable to a supplier, which is normally the invoice price.

Directors' loans to the company are measured at the undiscounted amount of the cash expected to be paid.

Trade debtors are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in profit or loss.

2.7. Taxation

Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

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K&MD Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	4,750

As at 31 March 2025	4,750

Depreciation
As at 1 April 2024	1,833
Provided during the period	438

As at 31 March 2025	2,271

Net Book Value
As at 31 March 2025	2,479

As at 1 April 2024	2,917

5. Stocks

	2025	2024
	£	£
Work in progress	62,564	62,064

6. Debtors

	2025	2024
	£	£
Due within one year
VAT	1,281	2,938

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	6,556	6,105
Corporation tax	-	13,054
Other taxes and social security	3,753	684
Accruals and deferred income	8,254	19,657
Directors' loan accounts	2,054	2,054
Amounts owed to related parties	36,000	46,000

	56,617	87,554

The bank loans were secured by standard security over land and property owned by the company and a floating charge over the assets of the company.

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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