REGISTERED NUMBER: SC068853 (Scotland)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

KELBURNE CONSTRUCTION LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

C R Savala

A Gaw

SECRETARY:

Mrs F Harris

REGISTERED OFFICE:

8 Inkerman Place

Bonnyton

KILMARNOCK

Ayrshire

KA1 2RL

REGISTERED NUMBER:

SC068853 (Scotland)

ACCOUNTANTS:

Gilmour Hamilton LLP

Chartered Accountants

37 Portland Road

KILMARNOCK

Ayrshire

KA1 2DJ

SOLICITORS:

Harper Macleod LLP

The Ca'd'oro

45 Gordon Street

GLASGOW

G1 3PE

FIXED ASSETS

Tangible assets

4

252,730

310,437

Investment property

5

201,920

457,700

454,650

768,137

CURRENT ASSETS

Debtors

3,944,407

2,964,517

Cash at bank and in hand

161,794

175,826

4,106,201

3,140,343

CREDITORS

Amounts falling due within one year

1,632,689

1,177,318

NET CURRENT ASSETS

2,473,512

1,963,025

TOTAL ASSETS LESS CURRENT LIABILITIES

2,928,162

2,731,162

PROVISIONS FOR LIABILITIES

41,799

44,756

NET ASSETS

2,886,363

2,686,406

CAPITAL AND RESERVES

Called up share capital

6

960

960

Capital redemption reserve

3,046

3,046

Retained earnings

2,882,357

2,682,400

SHAREHOLDERS' FUNDS

2,886,363

2,686,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2026 and were signed on its behalf by:

A Gaw - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in pounds sterling which is the functional currency of the company, rounded to the nearest pound.

Turnover

Turnover represents amounts invoiced to customers, excluding value added tax, except in respect of construction contracts where turnover includes the value of work carried out during the year including amounts not invoiced.

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the directors estimate of the value of work completed and materials on site.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 2% on cost

Plant and machinery etc - 25% on cost and 15% on cost

Investment property

In accordance with the Financial Reporting Standard 102, the company's investment property is included at the most recent market value, and the surplus or deficit on revaluation is transferred to the revaluation reserve. No depreciation is provided in respect of the investment property.

The Companies Act 2006 requires property to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in the Financial Reporting Standard 102. The directors consider that, because the property is not held for consumption, but for investment potential, to depreciate would not give a true and fair view, and it is necessary to adopt the Financial Reporting Standard 102 in order to give a true and fair view.

If this departure from the Act had not been made, the profit for the year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified, because depreciation is only one of the many factors reflected in the valuation, and the amount which might otherwise have been shown cannot be separately identified or quantified.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only 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 balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Stocks and long term contracts

Stocks and work in progress are stated at the lower of cost and net realisable value.

Profits on long-term contracts are calculated in accordance with standard accounting practice and do not therefore relate directly to turnover. Profit on current contracts is only taken at a stage near enough to completion for that profit to be reasonably certain. Provision is made for all losses incurred to the accounting date together with any further losses that are foreseen in bringing contracts to completion.

Amounts recoverable on contracts which are included in debtors are stated at cost, plus attributable profit to the extent that this is reasonably certain after making provision for contingencies, less any losses incurred or foreseen in bringing contracts to completion, less any amounts received as progress payments. Cost for this purpose includes valuations of work done by subcontractors, whether certified or not, and all overheads other than those relating to general administration of the relevant companies. For contracts where receipts exceed book value of work done, the excess is included in creditors as payments on account.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2024 - 50 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

1,025,719

Additions

83,835

Disposals

(293,003

)

At 31 December 2025

816,551

DEPRECIATION

At 1 January 2025

715,282

Charge for year

141,542

Eliminated on disposal

(293,003

)

At 31 December 2025

563,821

NET BOOK VALUE

At 31 December 2025

252,730

At 31 December 2024

310,437

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

457,700

Disposals

(255,780

)

At 31 December 2025

201,920

NET BOOK VALUE

At 31 December 2025

201,920

At 31 December 2024

457,700

The directors believe the value of the investments above have not changed significantly since they were purchased.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

960

Ordinary

£1

960

960

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kelburne Construction Limited for the year ended 31 December 2025 on pages two to six 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 https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Kelburne Construction Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kelburne Construction Limited and state those matters that we have agreed to state to the Board of Directors of Kelburne Construction Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kelburne Construction 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 Kelburne Construction Limited. You consider that Kelburne Construction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kelburne Construction 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.

Gilmour Hamilton LLP

Chartered Accountants

37 Portland Road

KILMARNOCK

Ayrshire

KA1 2DJ

2 April 2026