Company registration number SC214155 (Scotland)
Kintail Management Limited
Unaudited financial statements
for the year ended 31 December 2025
Pages for filing with registrar
Kintail Management Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Kintail Management Limited
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kintail Management Limited for the year ended 31 December 2025 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-j une-20 20.

This report is made solely to the b oard of d irectors of Kintail Management Limited, as a body, in accordance with the terms of our engagement letter dated 6 November 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Kintail Management Limited and state those matters that we have agreed to state to the b oard of d irectors of Kintail Management Limited, as a body, in this report in accordance with the requirements of the 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 Kintail Management Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Kintail Management 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 Kintail Management Limited. You consider that Kintail Management 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 Kintail Management 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 f inancial statements.

James Milne
Chartered Accountants
Rosewood
Raemoir Road
Banchory
AB31 4ET
16 July 2026
Kintail Management Limited
Statement of financial position
at 31 December 2025
2
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
215,000
215,000
Investments
4
9,799
13,033
224,799
228,033
Current assets
Debtors
57,641
52,702
Cash at bank and in hand
18,248
29,035
75,889
81,737
Creditors: amounts falling due within one year
(19,092)
(3,127)
Net current assets
56,797
78,610
Total assets less current liabilities
281,596
306,643
Creditors: amounts falling due after more than one year
-
0
(40,000)
Provisions for liabilities
(23,958)
(23,958)
Net assets
257,638
242,685
Capital and reserves
Called up share capital
2
2
Revaluation reserve
102,135
102,135
Profit and loss reserves
155,501
140,548
Total equity
257,638
242,685

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

Kintail Management Limited
Statement of financial position (continued)
at 31 December 2025
3

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

The financial statements were approved by the board of directors and authorised for issue on 14 July 2026 and are signed on its behalf by:
Andrew D. McMaster
Director
Company Registration No. SC214155
Kintail Management Limited
Notes to the financial statements
for the year ended 31 December 2025
4
1
Accounting policies
Company information

Kintail Management Limited is a private company limited by shares incorporated in Scotland. The registered office is Rosewood, Raemoir Road, Banchory, AB31 4ET.

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.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rental income from investment properties and is recognised on a straight line basis over the term of the relevant lease.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for at cost.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Kintail Management Limited
Notes to the financial statements (continued)
for the year ended 31 December 2025
1
Accounting policies (continued)
5
1.6
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 income statement 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.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Tangible fixed assets
Total
£
Cost
At 1 January 2025 and 31 December 2025
4,584
Depreciation and impairment
At 1 January 2025 and 31 December 2025
4,584
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
-
0
3
Investment property
2025
£
Fair value
At 1 January 2025 and 31 December 2025
215,000

The fair values of the investment properties have been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Kintail Management Limited
Notes to the financial statements (continued)
for the year ended 31 December 2025
6
4
Fixed asset investments
2025
2024
£
£
Investment in subsidiary
9,799
13,033
5
Directors' transactions
Description
Opening credit balance
Amounts advanced
Amounts repaid
Closing credit balance
£
£
£
£
Andrew D. McMaster - Director's account
41,022
9,950
(36,049)
14,923
41,022
9,950
(36,049)
14,923
2025-12-31 2025-01-01 false false false 16 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Andrew D. McMaster Alison E. McMaster Andrew D. McMaster 0 SC214155 2025-01-01 2025-12-31 SC214155 2025-12-31 SC214155 2024-12-31 SC214155 core:CurrentFinancialInstruments 2025-12-31 SC214155 core:CurrentFinancialInstruments 2024-12-31 SC214155 core:Non-currentFinancialInstruments 2025-12-31 SC214155 core:Non-currentFinancialInstruments 2024-12-31 SC214155 core:ShareCapital 2025-12-31 SC214155 core:ShareCapital 2024-12-31 SC214155 core:RevaluationReserve 2025-12-31 SC214155 core:RevaluationReserve 2024-12-31 SC214155 core:RetainedEarningsAccumulatedLosses 2025-12-31 SC214155 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC214155 bus:CompanySecretaryDirector1 2025-01-01 2025-12-31 SC214155 core:FurnitureFittings 2025-01-01 2025-12-31 SC214155 2024-12-31 SC214155 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC214155 bus:FRS102 2025-01-01 2025-12-31 SC214155 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 SC214155 bus:Director1 2025-01-01 2025-12-31 SC214155 bus:Director2 2025-01-01 2025-12-31 SC214155 bus:CompanySecretary1 2025-01-01 2025-12-31 SC214155 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC214155 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP