28 November 2024 false No description of principal activity Taxfiler 2024.6 SC830331 business:PrivateLimitedCompanyLtd 2024-11-28 2025-11-30 SC830331 2024-11-27 SC830331 2024-11-28 2025-11-30 SC830331 business:AuditExempt-NoAccountantsReport 2024-11-28 2025-11-30 SC830331 business:FilletedAccounts 2024-11-28 2025-11-30 SC830331 2025-11-30 SC830331 business:Director1 2024-11-28 2025-11-30 SC830331 business:Director2 2024-11-28 2025-11-30 SC830331 business:RegisteredOffice 2024-11-28 2025-11-30 SC830331 core:WithinOneYear 2025-11-30 SC830331 core:AfterOneYear 2025-11-30 SC830331 core:ShareCapital core:PreviouslyStatedAmount 2025-11-30 SC830331 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-11-30 SC830331 core:PreviouslyStatedAmount 2025-11-30 SC830331 business:SmallEntities 2024-11-28 2025-11-30 SC830331 countries:Scotland 2024-11-28 2025-11-30 iso4217:GBP xbrli:pure
Company Registration No. SC830331 (Scotland)
Kc Properties Group Ltd Unaudited accounts for the period from 28 November 2024 to 30 November 2025
Kc Properties Group Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Kc Properties Group Ltd Company Information for the period from 28 November 2024 to 30 November 2025
Directors
Mrs Karen Mccallum Mr John Mccallum
Company Number
SC830331 (Scotland)
Registered Office
35 Scalloway Road Gartcosh Glasgow Lanarkshire G69 8LG Scotland
Accountants
Callan Accountancy 21 - 23 Woodside Place Glasgow G3 7QL
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Kc Properties Group Ltd Statement of financial position as at 30 November 2025
2025
Notes
£
Fixed assets
Investment property
4
130,931
Current assets
Cash at bank and in hand
2,518
Creditors: amounts falling due within one year
5
(41,991)
Net current liabilities
(39,473)
Total assets less current liabilities
91,458
Creditors: amounts falling due after more than one year
6
(90,315)
Net assets
1,143
Capital and reserves
Called up share capital
20
Profit and loss account
1,123
Shareholders' funds
1,143
For the period ending 30 November 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2026 and were signed on its behalf by
Mrs Karen Mccallum Director Company Registration No. SC830331
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Kc Properties Group Ltd Notes to the Accounts for the period from 28 November 2024 to 30 November 2025
1
Statutory information
Kc Properties Group Ltd is a private company, limited by shares, registered in Scotland, registration number SC830331. The registered office is 35 Scalloway Road, Gartcosh, Glasgow, Lanarkshire, G69 8LG, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the period from 28 November 2024 to 30 November 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 28 November 2024. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2025
£
Additions
130,931
At 30 November 2025
130,931
5
Creditors: amounts falling due within one year
2025
£
Other creditors
41,031
Accruals
960
41,991
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Kc Properties Group Ltd Notes to the Accounts for the period from 28 November 2024 to 30 November 2025
6
Creditors: amounts falling due after more than one year
2025
£
Bank loans
89,985
Taxes and social security
265
Loans from directors
65
90,315
7
Transactions with related parties
During the year, KC Properties Limited owed £41,031 to KC Sealant Limited, a company which has a common shareholder and director with the Company. The amount was provided to assist with the purchase of property by KC Properties Limited. At the reporting date, £41,031 remained outstanding and was owed to KC Sealant Limited. The loan is unsecured and interest free
8
Average number of employees
During the period the average number of employees was 0.
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