REGISTERED NUMBER: SC297273 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Kinmundy Developments Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S B Campbell

Mrs J Campbell

REGISTERED OFFICE:

7 Richmondhill Road

Peterhead

Aberdeenshire

AB42 3GJ

REGISTERED NUMBER:

SC297273 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

254

480

Investment property

5

280,000

314,317

280,254

314,797

CURRENT ASSETS

Debtors

6

543

779

Cash at bank

3,282

3,492

3,825

4,271

CREDITORS

Amounts falling due within one year

7

4,727

4,313

NET CURRENT LIABILITIES

(902

)

(42

)

TOTAL ASSETS LESS CURRENT LIABILITIES

279,352

314,755

CAPITAL AND RESERVES

Called up share capital

10

10

Fair value reserve

8

(87,204

)

(52,887

)

Retained earnings

8

366,546

367,632

SHAREHOLDERS' FUNDS

279,352

314,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

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 18 June 2026 and were signed on its behalf by:

Mr S B Campbell - Director

1.	STATUTORY INFORMATION

Kinmundy Developments Ltd. 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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current 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 taxation assets and liabilities are not discounted.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

5,841

3,485

9,326

Disposals

-

(518

)

(518

)

At 31 March 2026

5,841

2,967

8,808

DEPRECIATION

At 1 April 2025

5,366

3,480

8,846

Charge for year

221

5

226

Eliminated on disposal

-

(518

)

(518

)

At 31 March 2026

5,587

2,967

8,554

NET BOOK VALUE

At 31 March 2026

254

-

254

At 31 March 2025

475

5

480

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

314,317

Revaluations

(34,317

)

At 31 March 2026

280,000

NET BOOK VALUE

At 31 March 2026

280,000

At 31 March 2025

314,317

Fair value at 31 March 2026 is represented by:

£

Valuation in 2022

(25,704

)

Valuation in 2025

(27,183

)

Valuation in 2026

(34,317

)

Cost

367,204

280,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

543

779

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Directors' current accounts

3,226

2,866

Accrued expenses

1,501

1,447

4,727

4,313

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2025

367,632

(52,887

)

314,745

Deficit for the year

(35,403

)

-

(35,403

)

Fair value adjustments

34,317

(34,317

)

-

At 31 March 2026

366,546

(87,204

)

279,342