COMPANY REGISTRATION NUMBER:
SC234585
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Kilwinning Property Limited |
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Filleted Unaudited Financial Statements |
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Kilwinning Property Limited |
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Period from 1 January 2026 to 28 February 2026
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Chartered accountants report to the director on the preparation of the unaudited statutory financial statements |
1 |
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Statement of financial position |
2 |
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Notes to the financial statements |
3 |
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Kilwinning Property Limited |
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Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Kilwinning Property Limited |
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Period from 1 January 2026 to 28 February 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kilwinning Property Limited for the period ended 28 February 2026, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Kilwinning Property Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Kilwinning Property Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kilwinning Property Limited and its director for our work or for this report.
It is your duty to ensure that Kilwinning Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kilwinning Property Limited. You consider that Kilwinning Property Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Kilwinning Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY
Chartered Accountants
216 West George Street
Glasgow
G2 2PQ
13 April 2026
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Kilwinning Property Limited |
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Statement of Financial Position |
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28 February 2026
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28 Feb 26 |
31 Dec 25 |
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Note |
£ |
£ |
£ |
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Current assets
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Debtors |
4 |
628,828 |
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619,409 |
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Cash at bank and in hand |
12,996 |
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14,593 |
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--------- |
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--------- |
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641,824 |
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634,002 |
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Creditors: amounts falling due within one year |
5 |
28,737 |
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25,319 |
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--------- |
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--------- |
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Net current assets |
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613,087 |
608,683 |
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--------- |
--------- |
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Total assets less current liabilities |
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613,087 |
608,683 |
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--------- |
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Net assets |
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613,087 |
608,683 |
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--------- |
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Capital and reserves
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Called up share capital |
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100 |
100 |
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Profit and loss account |
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612,987 |
608,583 |
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--------- |
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Shareholders funds |
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613,087 |
608,683 |
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--------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
13 April 2026
, and are signed on behalf of the board by:
Company registration number:
SC234585
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Kilwinning Property Limited |
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Notes to the Financial Statements |
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Period from 1 January 2026 to 28 February 2026
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investment that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Reporting period
The company is presenting the financial statements for a 2 month period to align the accounting period end with a hive-up reorganisation. Therefore the comparative amounts are not entirely comparable.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Debtors
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28 Feb 26 |
31 Dec 25 |
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£ |
£ |
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Other debtors |
628,828 |
619,409 |
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5.
Creditors:
amounts falling due within one year
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28 Feb 26 |
31 Dec 25 |
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£ |
£ |
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Corporation tax |
17,245 |
14,667 |
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Other creditors |
11,492 |
10,652 |
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28,737 |
25,319 |
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-------- |
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6.
Director's advances, credits and guarantees
As at the period end, the company owed the director, Mr Austin, £9,332 ( December 2025: £9,332). This loan is interest free, unsecured and has no fixed date of repayment.