Caseware UK (AP4) 2024.0.164 2024.0.164 2025-08-31 2025-08-31 false 2024-09-01 To provide short term, imaginative and flexible funding solutions at critical stages in a variety of property-related projects, coupled with a direct and short term involvement in property where considered prudent to do so.0 0 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC405803 2024-09-01 2025-08-31 SC405803 2023-09-01 2024-08-31 SC405803 2025-08-31 SC405803 2024-08-31 SC405803 2023-09-01 SC405803 c:Director2 2024-09-01 2025-08-31 SC405803 d:CurrentFinancialInstruments 2025-08-31 SC405803 d:CurrentFinancialInstruments 2024-08-31 SC405803 d:Non-currentFinancialInstruments 2025-08-31 SC405803 d:Non-currentFinancialInstruments 2024-08-31 SC405803 d:CurrentFinancialInstruments d:WithinOneYear 2025-08-31 SC405803 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 SC405803 d:Non-currentFinancialInstruments d:AfterOneYear 2025-08-31 SC405803 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 SC405803 d:ShareCapital 2024-09-01 2025-08-31 SC405803 d:ShareCapital 2025-08-31 SC405803 d:ShareCapital 2023-09-01 2024-08-31 SC405803 d:ShareCapital 2024-08-31 SC405803 d:ShareCapital 2023-09-01 SC405803 d:RetainedEarningsAccumulatedLosses 2024-09-01 2025-08-31 SC405803 d:RetainedEarningsAccumulatedLosses 2025-08-31 SC405803 d:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 SC405803 d:RetainedEarningsAccumulatedLosses 2024-08-31 SC405803 d:RetainedEarningsAccumulatedLosses 2023-09-01 SC405803 c:OrdinaryShareClass1 2024-09-01 2025-08-31 SC405803 c:OrdinaryShareClass1 2025-08-31 SC405803 c:OrdinaryShareClass1 2024-08-31 SC405803 c:OrdinaryShareClass2 2024-09-01 2025-08-31 SC405803 c:OrdinaryShareClass2 2025-08-31 SC405803 c:OrdinaryShareClass2 2024-08-31 SC405803 c:OrdinaryShareClass3 2024-09-01 2025-08-31 SC405803 c:OrdinaryShareClass3 2025-08-31 SC405803 c:OrdinaryShareClass3 2024-08-31 SC405803 c:FRS102 2024-09-01 2025-08-31 SC405803 c:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 SC405803 c:FullAccounts 2024-09-01 2025-08-31 SC405803 c:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC405803 e:PoundSterling 2024-09-01 2025-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: SC405803 KINGSDOWN (SCOTLAND) LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 AUGUST 2025
KINGSDOWN (SCOTLAND) LIMITED REGISTERED NUMBER: SC405803 BALANCE SHEET AS AT 31 AUGUST 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Stocks |  | 804,232 |  | 1,005,290 |
Debtors | 3 | 733,865 |  | 733,943 |
Current asset investments | 4 | 1,198,500 |  | 1,198,500 |
Cash at bank and in hand |  | 183,277 |  | 151,858 |
|  | 2,919,874 |  | 3,089,591 |
Creditors: amounts falling due within one year | 5 | (150,053) |  | (156,479) |
Net current assets |  |  | 2,769,821 |  | 2,933,112
Total assets less current liabilities |  |  | 2,769,821 |  | 2,933,112
Creditors: amounts falling due after more than one year | 6 |  | (2,000,033) |  | (2,000,033)
Net assets |  |  | 769,788 |  | 933,079
Capital and reserves |  |  |  |  |
Called up share capital | 7 |  | 101 |  | 101
Profit and loss account |  |  | 769,687 |  | 932,978
|  |  | 769,788 |  | 933,079
Page 1
KINGSDOWN (SCOTLAND) LIMITED REGISTERED NUMBER: SC405803 BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025 The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 April 2026.
Alan G W Forbes
Director
The notes on pages 4 to 8 form part of these financial statements. Page 2
KINGSDOWN (SCOTLAND) LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 AUGUST 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 September 2024 | 101 | 932,978 | 933,079
Comprehensive income for the year |  |  |
Loss for the year | - | (163,291) | (163,291)
Other comprehensive income for the year | - | - | -
Total comprehensive income for the year | - | (163,291) | (163,291)
Total transactions with owners | - | - | -
At 31 August 2025 | 101 | 769,687 | 769,788
| The notes on pages 4 to 8 form part of these financial statements.
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 AUGUST 2024
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 September 2023 | 101 | 875,644 | 875,745
Comprehensive income for the year |  |  |
Profit for the year | - | 57,334 | 57,334
Other comprehensive income for the year | - | - | -
Total comprehensive income for the year | - | 57,334 | 57,334
Total transactions with owners | - | - | -
At 31 August 2024 | 101 | 932,978 | 933,079
| The notes on pages 4 to 8 form part of these financial statements.
Page 3
KINGSDOWN (SCOTLAND) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
| Company information
Kingsdown (Scotland) Limited is a private company in the United Kingdom limited by shares and incorporated in Scotland. The registered office is 12-16 Albyn Place, Aberdeen, AB10 1PS. 1.Accounting policies
| 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 amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include invetment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
| 1.2 | Turnover
Turnover represents amounts receivable in respect of return on investment in property development projects including rental income on short term lettings. Revenue from the sale of property is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually at conclusion of missives), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 1.3 | Stock
Stock represent properties held for the short term for refurbishment and sale or temporary rental. Such properties 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 stock to their present location and condition. At each reporting date, an assessment is made by the directors for impairment. Any excess of the carrying amount of stocks over estimated selling price, less costs to complete and sell, is recognised as an impairment loss in the profit or loss account. Reversals of impairment losses are also recognised in the profit or loss account.
| 1.4 | Cash and cash equivalents
Cash at bank and in hand 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. Any bank overdrafts are shown within borrowings in current liabilities. Page 4
KINGSDOWN (SCOTLAND) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 1.Accounting policies (continued)
| 1.5 | Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' of the 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 instruments. 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 simulataneously. 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. Current asset investments are stated at the lower of cost and net realisable value as assessed by the directors. 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. 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 consistutes a financing transaction, where the debt instrument is measured at the present value of the future payments 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. Amounts 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.
| 1.6 | 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. Page 5
KINGSDOWN (SCOTLAND) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 1.Accounting policies (continued)
| 1.7 | 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. 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. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rate sthat are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
| 1.8 | Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonostrably committed to terminate the employment of an employee or to provide termination benefits.
| 1.9 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 6
KINGSDOWN (SCOTLAND) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
2. | Employees
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | Number | Number
|  |  | 0 | 0
3. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 2,115 | 2,193
| Other debtors | 731,563 | 731,563
| Prepayments and accrued income | 187 | 187
|  | 733,865 | 733,943
4. | Current asset investments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other investments | 1,198,500 | 1,198,500
| Investments are held at cost less any provision for impairment and represent a shareholding in a private company. Thus, it is not possible to place a market value upon the shareholding.
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax | 8,556 | 15,581
| Other creditors | 133,417 | 133,417
| Accruals and deferred income | 8,080 | 7,481
|  | 150,053 | 156,479
Page 7
KINGSDOWN (SCOTLAND) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
6. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Loan | 2,000,033 | 2,000,033
|  | 2,000,033 | 2,000,033
7. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 50 (2024 - 50) Ordinary shares shares of £1.00 each | 50 | 50
|  | 50 (2024 - 50) Ordinary "A" shares shares of £1.00 each | 50 | 50
|  | 1 (2024 - 1) Preference shares share of £1.00 | 1 | 1
|  |  | 101 | 101
8.Director's transactions Included in Long term creditors is a loan from Susan McPherson, a serving director, of £2,000,033 (2024 - £2,000,033). The loan is interest free and secured by a floating charge dated September 2011 over the assets of the company. The loan is shown as a long term liability in line with the director's wish to demonstrate commitment to the company and is supported by her undertaking that payment of all valid third party creditors takes precedence over repayment of her loan.
Page 8