Company No: SC486292 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Investments	3	278,757		326,880
		278,757		326,880
Current assets
Debtors	4	12,926		0
Cash at bank and in hand		262		305
		13,188		305
Creditors: amounts falling due within one year	5	( 102,510)		( 103,312)
Net current liabilities		(89,322)		(103,007)
Total assets less current liabilities		189,435		223,873
Net assets		189,435		223,873
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		189,335		223,773
Total shareholder's funds		189,435		223,873

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of K D Developments (Scotland) Limited (registered number: SC486292) were approved and authorised for issue by the Board of Directors on 10 September 2026. They were signed on its behalf by:

Mrs C Heggie 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 year, unless otherwise stated.

General information and basis of accounting

K D Developments (Scotland) 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 10 The Green, Pencaitland, Tranent, EH34 5HE, 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.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial decisions of the associate.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors, cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Fixed asset investments

	2026		2025
	£		£
Other investments and loans	278,757		326,880

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2025	326,880		326,880
Movement in this period	( 48,123)		( 48,123)
At 31 March 2026	278,757		278,757
Carrying value at 31 March 2026	278,757		278,757
Carrying value at 31 March 2025	326,880		326,880

4. Debtors

	2026		2025
	£		£
Other debtors	12,926		0

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Taxation and social security	11,071		10,766
Other creditors	91,439		92,546
	102,510		103,312

6. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
5 A ordinary shares of £ 1.00 each	5		5
5 B ordinary shares of £ 1.00 each	5		5
45 C ordinary shares of £ 1.00 each	45		45
45 D ordinary shares of £ 1.00 each	45		45
	100		100

7. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Amounts owed by directors	12,926		0
Amounts owed to directors	0		19,734

Advances in this period totalling £32,660 were made to directors and £0 was repaid. The above loans are unsecured, interest free and have been repaid within nine months of the balance sheet date.

Other related party transactions

	2026		2025
	£		£
Amount owed to other related parties	41,055		41,055

The loan is unsecured, interest free and has no fixed terms of repayment.