REGISTERED NUMBER: SC311194 (Scotland)

Keillor Property Developments Limited

Unaudited Financial Statements

for the Year Ended 31st March 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Director:

D Thomas

Registered office:

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Registered number:

SC311194 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

20,433

60,083

Current assets

Stocks

1,520

5,020

Debtors

5

38,015

19,655

Cash at bank

28,136

20,836

67,671

45,511

Creditors

Amounts falling due within one year

6

43,633

27,987

Net current assets

24,038

17,524

Total assets less current liabilities

44,471

77,607

Creditors

Amounts falling due after more than one year

7

-

(20,154

)

Provisions for liabilities

(3,882

)

(11,415

)

Net assets

40,589

46,038

Capital and reserves

Called up share capital

100

100

Retained earnings

40,489

45,938

Shareholders' funds

40,589

46,038

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8th September 2026 and were signed by:

D Thomas - Director

1.	Statutory information

Keillor Property Developments Limited 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.

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 arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets

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

Plant and machinery

-

25% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, hire purchase and directors' loans.

Hire purchase are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the leased asset to the company. All other leases are classified as operating leases.

Tangible assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible assets. The related obligations, net of future finance charges, are included within creditors.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

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

4.	Tangible fixed assets

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1st April 2025

48,365

62,396

1,018

111,779

Additions

1,486

-

-

1,486

Disposals

-

(38,650

)

-

(38,650

)

At 31st March 2026

49,851

23,746

1,018

74,615

Depreciation

At 1st April 2025

35,452

15,620

624

51,696

Charge for year

2,062

5,879

182

8,123

Eliminated on disposal

-

(5,637

)

-

(5,637

)

At 31st March 2026

37,514

15,862

806

54,182

Net book value

At 31st March 2026

12,337

7,884

212

20,433

At 31st March 2025

12,913

46,776

394

60,083

5.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

20,561

-

Other debtors

17,454

19,655

38,015

19,655

6.

Creditors: amounts falling due within one year

2026

2025

£

£

Hire purchase contracts

2,500

9,997

Trade creditors

14,975

3,673

Taxation and social security

22,958

12,117

Other creditors

3,200

2,200

43,633

27,987

7.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Hire purchase contracts

-

20,154

8.	Secured debts

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

2,500

30,151

The HP liabilities are secured against the assets to which they relate.

9.	Director's advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st March 2026 and 31st March 2025:

2026

2025

£

£

Director

Balance outstanding at start of year

19,325

5,960

Amounts advanced

22,499

19,677

Amounts repaid

(24,741

)

(6,312

)

Balance outstanding at end of year

17,083

19,325

These loans are unsecured and repayable on demand. Interest has been charged according to rates published by HMRC.

10.	Post balance sheet events

Since the year end, on 17 September 2026, a final dividend for the year ended 31 March 2026 of £175 per share has been declared.