Duncan Stewart (Kirkintilloch) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC149152 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Duncan Stewart (Kirkintilloch) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

3,934

4,194

Investments

5

1,000

Investment property

6

4,060,929

4,065,863

4,066,123

CURRENT ASSETS

Debtors

7

742,458

723,071

Investments

8

331,325

300,670

Cash at bank

622,054

583,190

1,695,837

1,606,931

CREDITORS

Amounts falling due within one year

9

(199,988

)

(179,772

)

NET CURRENT ASSETS

1,495,849

1,427,159

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,561,712

5,493,282

PROVISIONS FOR LIABILITIES

(378,499

)

(378,552

)

NET ASSETS

5,183,213

5,114,730

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

5,182,213

5,113,730

5,183,213

5,114,730

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.

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 14 August 2026 and were signed on its behalf by:

Mr D F Stewart - Director

1.	STATUTORY INFORMATION

Duncan Stewart (Kirkintilloch) Limited is a private company, limited by shares, domiciled in Scotland, registration number SC149152. The registered office is 5 Campsie Road, Kirkintilloch, Glasgow, Scotland, G66 1SL.

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.

Turnover

Turnover represents net invoiced sales of services in respect of property letting, excluding value added tax. Sales are recognised at the point at which the service is complete.

Tangible fixed assets and depreciation

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

Land and buildings

-

4% on cost

Plant and machinery etc

-

33% on cost, 25% on cost and 10% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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 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 have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Listed investments

Investments in listed shares are included at fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Property

machinery

fittings

Fencing

Totals

£

COST

At 1 January 2025

37,090

30,973

6,966

12,882

87,911

Additions

-

1,260

-

1,260

At 31 December 2025

37,090

30,973

8,226

12,882

89,171

DEPRECIATION

At 1 January 2025

34,572

30,973

6,966

11,206

83,717

Charge for year

45

-

189

1,286

1,520

At 31 December 2025

34,617

30,973

7,155

12,492

85,237

NET BOOK VALUE

At 31 December 2025

2,473

-

1,071

390

3,934

At 31 December 2024

2,518

-

1,676

4,194

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

1,000

NET BOOK VALUE

At 31 December 2025

1,000

At 31 December 2024

1,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

4,060,929

NET BOOK VALUE

At 31 December 2025

4,060,929

At 31 December 2024

4,060,929

Fair value at 31 December 2025 is represented by:

£

Valuation in 1995

338,343

Valuation in 1998

500,000

Valuation in 2000

325,142

Valuation in 2005

437,889

Valuation in 2006

200,000

Valuation in 2009

(118,800

)

Valuation in 2024

722,210

Cost

1,656,145

4,060,929

The investment properties were valued on a fair value basis on 31 December 2024 by the directors. The directors do not believe that there has been any indication that this valuation has changed.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

1,197

29,415

Amounts owed by related parties

655,644

648,644

Other debtors

85,617

45,012

742,458

723,071

8.	CURRENT ASSET INVESTMENTS

31.12.25

31.12.24

£

Listed investments

331,325

300,670

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

2,816

3,381

Amounts owed to related parties

19,381

Taxation and social security

89,857

75,869

Other creditors

87,934

81,141

199,988

179,772

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

Mrs A R Stewart

Balance outstanding at start of year

20,383

-

Amounts advanced

31,797

20,383

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

52,180

20,383

Mr D F Stewart

Balance outstanding at start of year

5,230

-

Amounts advanced

-

5,230

Amounts repaid

(5,230

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

5,230

11.	RELATED PARTY DISCLOSURES

Transactions and balances with entities with common control are as follows:

Amounts Owed - £655,644 (2024: £648,644)

Amounts Due - £19,381 (2024: £19,381)