Company registration number SC701664 (Scotland)
KERR FAMILY PROPERTIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
KERR FAMILY PROPERTIES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
KERR FAMILY PROPERTIES LTD
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
540,000
540,000
Current assets
Debtors
4
11,274
70,387
Cash at bank and in hand
8,124
8,139
19,398
78,526
Creditors: amounts falling due within one year
5
(192,293)
(249,098)
Net current liabilities
(172,895)
(170,572)
Total assets less current liabilities
367,105
369,428
Creditors: amounts falling due after more than one year
(361,948)
(365,840)
Provisions for liabilities
(5,567)
(984)
Net (liabilities)/assets
(410)
2,604
Capital and reserves
Called up share capital
7
4
4
Fair value reserve
23,732
28,315
Profit and loss reserves
(24,146)
(25,715)
Total equity
(410)
2,604
KERR FAMILY PROPERTIES LTD
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -

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 24 February 2026 and are signed on its behalf by:
Mr M Kerr
Director
Company registration number SC701664 (Scotland)
KERR FAMILY PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

Kerr Family Properties Ltd is a private company limited by shares incorporated in Scotland. The registered office is 158 Glasgow Road, Edinburgh, United Kingdom, EH12 8LS.

1.1
Accounting convention

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

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.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
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.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

KERR FAMILY PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

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
Investment property
2025
£
Fair value
At 1 July 2024 and 30 June 2025
540,000

The directors consider the valuation to be a fair reflection of open market value at the balance sheet date.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
0
1,713
Other debtors
11,274
68,674
11,274
70,387
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other borrowings
6
190,793
247,098
Accruals and deferred income
1,500
2,000
192,293
249,098
KERR FAMILY PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
6
Loans and overdrafts
2025
2024
£
£
Other loans
552,741
612,938
Payable within one year
190,793
247,098
Payable after one year
361,948
365,840

The long-term loans are secured by charges over three properties:

- 50H Esslemont Avenue, Aberdeen, AB25 1SQ

- 178 Crown Street, Aberdeen, AB11 6JD

- 1F2, 19 Dean Park Street, Edinburgh, EH4 1JS

Together Commercial Finance Limited holds a standard security which contains a floating charge and a negative pledge.

Together Commercial Finance Limited holds a standard security which contains a negative pledge over 50H Esslemont Avenue.

Belmont Green Finance Limited T/a Vida Homeloans holds a standard security which contains a fixed charge and a floating charge over 178 Crown Street.

The Mortgage Lender Limited holds a standard security which contains a fixed charge over 1F2, 19 Dean Park Street.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
4
4
4
4
8
Related party transactions

Included within other debtors is a balance of £11,274 (2024: £10,824) owed by Lamb and Kerr Developments Ltd, a company who has a participating interest in Kerr Family Properties Ltd. This loan was made on an interest free basis and has no terms of repayment.

2025-06-30 2024-07-01 false false false 24 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr M Kerr Mrs A C Kerr SC701664 2024-07-01 2025-06-30 SC701664 2025-06-30 SC701664 2024-06-30 SC701664 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 SC701664 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 SC701664 core:WithinOneYear 2025-06-30 SC701664 core:WithinOneYear 2024-06-30 SC701664 core:AfterOneYear 2025-06-30 SC701664 core:AfterOneYear 2024-06-30 SC701664 core:CurrentFinancialInstruments 2025-06-30 SC701664 core:CurrentFinancialInstruments 2024-06-30 SC701664 core:ShareCapital 2025-06-30 SC701664 core:ShareCapital 2024-06-30 SC701664 core:RevaluationReserve 2025-06-30 SC701664 core:RevaluationReserve 2024-06-30 SC701664 core:RetainedEarningsAccumulatedLosses 2025-06-30 SC701664 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC701664 core:ShareCapitalOrdinaryShareClass1 2025-06-30 SC701664 core:ShareCapitalOrdinaryShareClass1 2024-06-30 SC701664 bus:Director1 2024-07-01 2025-06-30 SC701664 2023-07-01 2024-06-30 SC701664 2024-06-30 SC701664 core:Non-currentFinancialInstruments 2025-06-30 SC701664 core:Non-currentFinancialInstruments 2024-06-30 SC701664 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 SC701664 bus:OrdinaryShareClass1 2025-06-30 SC701664 bus:OrdinaryShareClass1 2024-06-30 SC701664 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC701664 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 SC701664 bus:FRS102 2024-07-01 2025-06-30 SC701664 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 SC701664 bus:Director2 2024-07-01 2025-06-30 SC701664 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP