KILMARDINNY 70 LIMITED


Director	CALDER, David Alastair


Registered Address	69 Glasgow Road
	Dumbarton
	G82 1RE


Registered Number	SC736062 (Scotland)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investments	3		738,336		738,336
			738,336		738,336
Current assets
Debtors	4	10,074		10,987
Cash at bank and on hand		1,438		1,402
		11,512		12,389
Creditors amounts falling due within one year	5	(82,079)		(88,785)
Net current assets (liabilities)			(70,567)		(76,396)
Total assets less current liabilities			667,769		661,940
Creditors amounts falling due after one year	6		(102,930)		(185,009)
Net assets			564,839		476,931
Capital and reserves
Called up share capital			100		100
Profit and loss account			564,739		476,831
Shareholders' funds			564,839		476,931

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 23 April 2026, and are signed on its behalf by:

CALDER, David Alastair
Director
Registered Company No. SC736062

KILMARDINNY 70 LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below. The application of amortised cost accounting to the interest-free loan requires management to estimate an appropriate market rate of interest in order to determine the initial fair value of the loan. A rate of 7% has been applied, based on management’s assessment of a comparable market rate for a similar instrument with equivalent risk characteristics and term.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

The application of amortised cost accounting to the interest-free loan requires management to estimate an appropriate market rate of interest in order to determine the initial fair value of the loan.

A rate of 7% has been applied, based on management’s assessment of a comparable market rate for a similar instrument with equivalent risk characteristics and term.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 January 25	738,336	738,336
At 31 December 25	738,336	738,336
Net book value
At 31 December 25	738,336	738,336
At 31 December 24	738,336	738,336

	Notes
	¹Investments in group undertakings and participating interests

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	10,074	10,987
Total	10,074	10,987

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Other creditors	82,079	88,785
Total	82,079	88,785

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	102,930	185,009
Total	102,930	185,009

7.	Secured creditors
	Included within other creditors due within 1 year and other creditors due more than 1 year is £82,079 and £102,930, respectively, which relates to deferred consideration arising from the acquisition of an investment in a subsidiary. The deferred consideration is interest free, repayable over 5 years and 6 months and is secured by a floating charge over all heritable and leasehold properties owned now or in the future by the Company. The deferred consideration is measured at amortised cost using the effective interest method. The discount is unwound over the term of the loan, with the resulting finance cost recognised in profit or loss.

Secured creditors

Included within other creditors due within 1 year and other creditors due more than 1 year is £82,079 and £102,930, respectively, which relates to deferred consideration arising from the acquisition of an investment in a subsidiary.

The deferred consideration is interest free, repayable over 5 years and 6 months and is secured by a floating charge over all heritable and leasehold properties owned now or in the future by the Company. The deferred consideration is measured at amortised cost using the effective interest method. The discount is unwound over the term of the loan, with the resulting finance cost recognised in profit or loss.

8.	Related party transactions
	The company has taken advantage of the exemption in FRS 102 Section 33.1A to not disclose transactions with wholly owned group entities.