2 13/09/2024 30/09/2025 2025-09-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-09-13 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP SC822713 2024-09-13 2025-09-30 SC822713 2025-09-30 SC822713 2024-09-12 SC822713 bus:RegisteredOffice 2024-09-13 2025-09-30 SC822713 bus:LeadAgentIfApplicable 2024-09-13 2025-09-30 SC822713 bus:Director1 2024-09-13 2025-09-30 SC822713 bus:Director2 2024-09-13 2025-09-30 SC822713 core:LandBuildings core:OwnedOrFreeholdAssets 2025-09-30 SC822713 core:WithinOneYear 2025-09-30 SC822713 core:AfterOneYear 2025-09-30 SC822713 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-13 2025-09-30 SC822713 core:ShareCapital 2025-09-30 SC822713 core:RetainedEarningsAccumulatedLosses 2025-09-30 SC822713 bus:SmallEntities 2024-09-13 2025-09-30 SC822713 bus:AuditExemptWithAccountantsReport 2024-09-13 2025-09-30 SC822713 bus:SmallCompaniesRegimeForAccounts 2024-09-13 2025-09-30 SC822713 bus:PrivateLimitedCompanyLtd 2024-09-13 2025-09-30 SC822713 bus:FullAccounts 2024-09-13 2025-09-30
Company registration number: SC822713
Kinness Properties Limited
Unaudited filleted financial statements
30 September 2025
Kinness Properties Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Kinness Properties Limited
Directors and other information
Directors Mr Charles F Linton (Appointed 13 September 2024)
Mrs Alice Linton (Appointed 13 September 2024)
Company number SC822713
Registered office 20 Barnton Street
Stirling
FK8 1NA
Accountants B K Plus
20 Barnton Street
Stirling
FK8 1NA
Kinness Properties Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Kinness Properties Limited
Period ended 30 September 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kinness Properties Limited for the period ended 30 September 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Kinness Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Kinness Properties Limited and state those matters that we have agreed to state to the board of directors of Kinness Properties Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kinness Properties Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Kinness Properties 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 Kinness Properties Limited. You consider that Kinness Properties 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 Kinness Properties 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.
B K Plus
20 Barnton Street
Stirling
FK8 1NA
29 May 2026
Kinness Properties Limited
Statement of financial position
30 September 2025
30/09/25
Note £ £
Fixed assets
Tangible assets 5 127,096
_______
127,096
Current assets
Debtors 6 850
Cash at bank and in hand 11,427
_______
12,277
Creditors: amounts falling due
within one year 7 ( 59,543)
_______
Net current liabilities ( 47,266)
_______
Total assets less current liabilities 79,830
Creditors: amounts falling due
after more than one year 8 ( 70,939)
_______
Net assets 8,891
_______
Capital and reserves
Called up share capital 2
Profit and loss account 8,889
_______
Shareholders funds 8,891
_______
For the period ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 May 2026 , and are signed on behalf of the board by:
Mr Charles F Linton
Director
Company registration number: SC822713
Kinness Properties Limited
Notes to the financial statements
Period ended 30 September 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 20 Barnton Street, Stirling, FK8 1NA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered.
Taxation
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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2
5. Tangible assets
Investment property Total
£ £
Cost
At 13 September 2024 - -
Additions 319,815 319,815
Disposals ( 192,719) ( 192,719)
_______ _______
At 30 September 2025 127,096 127,096
_______ _______
Depreciation
At 13 September 2024 and 30 September 2025 - -
_______ _______
Carrying amount
At 30 September 2025 127,096 127,096
_______ _______
6. Debtors
30/09/25
£
Other debtors 850
_______
7. Creditors: amounts falling due within one year
30/09/25
£
Bank loans and overdrafts 3,205
Social security and other taxes 3,945
Other creditors 52,393
_______
59,543
_______
8. Creditors: amounts falling due after more than one year
30/09/25
£
Bank loans and overdrafts 70,939
_______
9. Security charge
The company has a security charge over the property in favour of the mortgage lender.