Company Registration No. SC420376 (Scotland)
Kinning Park Care Home (scotland) Limited
Unaudited accounts
for the year ended 31 March 2025
Kinning Park Care Home (scotland) Limited
Unaudited accounts
Contents
Kinning Park Care Home (scotland) Limited
Company Information
for the year ended 31 March 2025
Director
HEBSUR, Badarinath
Company Number
SC420376 (Scotland)
Registered Office
30-34 Mair Street
Glasgow
Lanarkshire
G51 1HA
Scotland
Kinning Park Care Home (scotland) Limited
Statement of financial position
as at 31 March 2025
Tangible assets
764,198
806,547
Cash at bank and in hand
323,931
190,238
Creditors: amounts falling due within one year
(146,159)
(122,794)
Net current assets
223,349
198,004
Total assets less current liabilities
987,547
1,004,551
Creditors: amounts falling due after more than one year
(117,897)
(138,060)
Provisions for liabilities
Deferred tax
(7,582)
(7,880)
Net assets
862,068
858,611
Called up share capital
3
3
Share premium
856,152
856,152
Profit and loss account
5,913
2,456
Shareholders' funds
862,068
858,611
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 December 2025 and were signed on its behalf by
HEBSUR, Badarinath
Director
Company Registration No. SC420376
Kinning Park Care Home (scotland) Limited
Notes to the Accounts
for the year ended 31 March 2025
Kinning Park Care Home (scotland) Limited is a private company, limited by shares, registered in Scotland, registration number SC420376. The registered office is 30-34 Mair Street, Glasgow, Lanarkshire, G51 1HA, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land & buildings
4% straight line
Plant & machinery
15% straight line
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Kinning Park Care Home (scotland) Limited
Notes to the Accounts
for the year ended 31 March 2025
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
1,038,797
2,554
3,520
140,828
1,185,699
Additions
-
-
-
12,387
12,387
At 31 March 2025
1,038,797
2,554
3,520
153,215
1,198,086
At 1 April 2024
266,457
2,554
3,520
106,621
379,152
Charge for the year
40,670
-
-
14,066
54,736
At 31 March 2025
307,127
2,554
3,520
120,687
433,888
At 31 March 2025
731,670
-
-
32,528
764,198
At 31 March 2024
772,340
-
-
34,207
806,547
Amounts falling due within one year
Trade debtors
6,872
21,077
Amounts due from group undertakings etc.
30,638
83,885
Accrued income and prepayments
8,067
-
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
21,162
21,162
Trade creditors
7,602
7,690
Taxes and social security
15,008
7,066
Other creditors
14,965
17,008
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
117,897
138,060
Kinning Park Care Home (scotland) Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Deferred taxation
2025
2024
Accelerated capital allowances
7,582
7,880
Provision at start of year
7,880
7,880
Credited to the profit and loss account
(298)
-
Provision at end of year
7,582
7,880
9
Average number of employees
During the year the average number of employees was 43 (2024: 43).