Company No: SC784114 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	30.11.2025		30.11.2024
		£		£
Fixed assets
Intangible assets	4	1,520,000		1,710,000
Tangible assets	5	47,595		39,169
		1,567,595		1,749,169
Current assets
Stocks		7,420		5,950
Debtors	6	176,664		146,796
Cash at bank and in hand	7	200,484		234,231
		384,568		386,977
Creditors: amounts falling due within one year	8	( 614,965)		( 259,844)
Net current (liabilities)/assets		(230,397)		127,133
Total assets less current liabilities		1,337,198		1,876,302
Creditors: amounts falling due after more than one year	9	( 799,841)		( 1,534,882)
Provision for liabilities		( 2,270)		( 109)
Net assets		535,087		341,311
Capital and reserves
Called-up share capital	10	250		250
Profit and loss account		534,837		341,061
Total shareholders' funds		535,087		341,311

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Kirkland & Buckhaven DP Limited (registered number: SC784114) were approved and authorised for issue by the Board of Directors on 21 August 2026. They were signed on its behalf by:

Rajeev Nataraja Director

Alice Elizabeth Patterson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Kirkland & Buckhaven DP Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 240 Methil Brae, Methil, Leven, KY8 2EY, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	15 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	Year ended 30.11.2025		Period from 27.09.2023 to 30.11.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	17		15

4. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 December 2024	1,900,000		1,900,000
At 30 November 2025	1,900,000		1,900,000
Accumulated amortisation
At 01 December 2024	190,000		190,000
Charge for the financial year	190,000		190,000
At 30 November 2025	380,000		380,000
Net book value
At 30 November 2025	1,520,000		1,520,000
At 30 November 2024	1,710,000		1,710,000

5. Tangible assets

	Plant and machinery		Computer equipment		Total
	£		£		£
Cost
At 01 December 2024	45,955		0		45,955
Additions	14,742		780		15,522
At 30 November 2025	60,697		780		61,477
Accumulated depreciation
At 01 December 2024	6,786		0		6,786
Charge for the financial year	6,950		146		7,096
At 30 November 2025	13,736		146		13,882
Net book value
At 30 November 2025	46,961		634		47,595
At 30 November 2024	39,169		0		39,169

6. Debtors

	30.11.2025		30.11.2024
	£		£
Trade debtors	174,696		146,051
Prepayments	1,968		745
	176,664		146,796

7. Cash and cash equivalents

	30.11.2025		30.11.2024
	£		£
Cash at bank and in hand	200,484		234,231

8. Creditors: amounts falling due within one year

	30.11.2025		30.11.2024
	£		£
Amounts owed to directors	367,520		0
Accruals	74,107		74,399
Taxation and social security	172,122		184,220
Other creditors	1,216		1,225
	614,965		259,844

9. Creditors: amounts falling due after more than one year

	30.11.2025		30.11.2024
	£		£
Amounts owed to directors	799,841		1,534,882

There are no amounts included above in respect of which any security has been given by the small entity.

10. Called-up share capital

	30.11.2025		30.11.2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary A shares of £ 1.00 each	100		100
25 Ordinary B shares of £ 1.00 each	25		25
100 Ordinary C shares of £ 1.00 each	100		100
25 Ordinary D shares of £ 1.00 each	25		25
	250		250

11. Related party transactions

Transactions with the entity's directors

	30.11.2025		30.11.2024
	£		£
Amounts owed to directors	1,167,361		1,534,881

This loan is unsecured, interest free and repayable on demand.