Company registration number SC720491 (Scotland)
KELVIN PROPERTIES (NAPIERSHALL) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
KELVIN PROPERTIES (NAPIERSHALL) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
KELVIN PROPERTIES (NAPIERSHALL) LTD
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
16,138,439
6,411,459
Debtors
65,497
39,616
Cash at bank and in hand
19,856
41,856
16,223,792
6,492,931
Creditors: amounts falling due within one year
3
(4,599,886)
(2,195,605)
Net current assets
11,623,906
4,297,326
Creditors: amounts falling due after more than one year
4
(11,623,806)
(4,297,226)
Net assets
100
100
Capital and reserves
Called up share capital
100
100

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 March 2026 and are signed on its behalf by:
Mr S J McKechnie
Director
Company registration number SC720491 (Scotland)
KELVIN PROPERTIES (NAPIERSHALL) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

Kelvin Properties (Napiershall) Ltd is a private company limited by shares incorporated in Scotland. The registered office is 6th Floor, Gordon Chambers, 90 Mitchell Street, Glasgow, Scotland, G1 3NQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

KELVIN PROPERTIES (NAPIERSHALL) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
3,236,667
599,837
Other creditors
1,363,219
1,595,768
4,599,886
2,195,605
4
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
11,623,806
4,297,226

The long-term loans are secured by fixed charges over the assets of the company.

2025-06-30 2024-07-01 false false false CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr S J McKechnie Mr M Taylor SC720491 2024-07-01 2025-06-30 SC720491 2025-06-30 SC720491 2024-06-30 SC720491 core:WithinOneYear 2025-06-30 SC720491 core:WithinOneYear 2024-06-30 SC720491 core:AfterOneYear 2025-06-30 SC720491 core:AfterOneYear 2024-06-30 SC720491 core:CurrentFinancialInstruments 2025-06-30 SC720491 core:CurrentFinancialInstruments 2024-06-30 SC720491 core:ShareCapital 2025-06-30 SC720491 core:ShareCapital 2024-06-30 SC720491 bus:Director1 2024-07-01 2025-06-30 SC720491 2023-07-01 2024-06-30 SC720491 core:Non-currentFinancialInstruments 2025-06-30 SC720491 core:Non-currentFinancialInstruments 2024-06-30 SC720491 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC720491 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 SC720491 bus:FRS102 2024-07-01 2025-06-30 SC720491 bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 SC720491 bus:Director2 2024-07-01 2025-06-30 SC720491 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP