Company registration number SC335887 (Scotland)
THE KILN'S DEVELOPMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
THE KILN'S DEVELOPMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
THE KILN'S DEVELOPMENT LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
391,014
383,324
Current assets
Debtors
510
732
Cash at bank and in hand
9,290
7,694
9,800
8,426
Creditors: amounts falling due within one year
4
(207,749)
(197,743)
Net current liabilities
(197,949)
(189,317)
Total assets less current liabilities
193,065
194,007
Provisions for liabilities
(42,750)
(42,750)
Net assets
150,315
151,257
Capital and reserves
Called up share capital
6
1,847,365
1,847,365
Profit and loss reserves
(1,697,050)
(1,696,108)
Total equity
150,315
151,257

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

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.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved and signed by the director and authorised for issue on 5 March 2026
Daniel Martin Teague
Director
Company Registration No. SC335887
THE KILN'S DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

THE KILN'S DEVELOPMENT LIMITED is a private company limited by shares incorporated in Scotland. The registered office is Unit 2, 79A Salamander Street, Leith, Edinburgh, EH6 7JZ and t he principal place of business is Unit 2, 79A Salamander Street, Leith, Edinburgh, EH6 7JZ.

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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Investment properties

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. The surplus or deficit on revaluation is recognised in the profit and loss account.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

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

2025
2024
Number
Number
Total
-
0
-
0
THE KILN'S DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
3
Investment property
2025
£
Fair value
At 1 July 2024
383,324
Additions
7,690
At 30 June 2025
391,014

Investment property comprises of parking spaces. The fair value of the parking spaces has been arrived at on the basis of a valuation carried out on 11 September 2017 by J & E Shepherd Chartered Surveyors RICS (Royal Institute of Chartered Surveyors) accredited, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Having considered the above, the director is of the opinion that the market value of the parking spaces as at 30 June 2025 has remained unchanged.

4
Creditors: amounts falling due within one year
2025
2024
£
£
Director's current account
206,949
196,943
Accruals and deferred income
800
800
207,749
197,743
5
Provisions for liabilities
2025
2024
£
£
Deferred tax on revaluation of land and buildings
42,750
42,750
6
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
1,847,365 Ordinary shares of £1 each
1,847,365
1,847,365
7
Controlling party

The company was controlled throughout the current and previous year s by the director by virtue of the fact that he owns all of the company's issued share capital.

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