Kilmardinny 74 Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC494326 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Kilmardinny 74 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Dougherty

Mrs E Dougherty

REGISTERED OFFICE:

Cornerston House

Station Road

Selkirk

Borders

TD7 5DJ

REGISTERED NUMBER:

SC494326 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

55,600

64,800

Tangible assets

5

302,023

325,875

357,623

390,675

CURRENT ASSETS

Debtors

6

1,083,609

1,143,923

Cash at bank

1,182,499

862,770

2,266,108

2,006,693

CREDITORS

Amounts falling due within one year

7

178,594

109,208

NET CURRENT ASSETS

2,087,514

1,897,485

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,445,137

2,288,160

CREDITORS

Amounts falling due after more than one year

8

41,660

143,007

NET ASSETS

2,403,477

2,145,153

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

2,403,377

2,145,053

2,403,477

2,145,153

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 21 October 2026 and were signed on its behalf by:

J Dougherty - Director

Mrs E Dougherty - Director

1.	STATUTORY INFORMATION

Kilmardinny 74 Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2025 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

92,000

AMORTISATION

At 1 April 2025

27,200

Charge for year

9,200

At 31 March 2026

36,400

NET BOOK VALUE

At 31 March 2026

55,600

At 31 March 2025

64,800

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

COST

At 1 April 2025

225,000

172,475

397,475

Additions

-

9,500

Disposals

-

(13,650

)

(13,650

)

At 31 March 2026

225,000

168,325

393,325

DEPRECIATION

At 1 April 2025

-

71,600

Charge for year

-

25,674

Eliminated on disposal

-

(5,972

)

(5,972

)

At 31 March 2026

-

91,302

NET BOOK VALUE

At 31 March 2026

225,000

77,023

302,023

At 31 March 2025

225,000

100,875

325,875

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

2

-

Other debtors

1,083,607

1,143,923

1,083,609

1,143,923

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

9,918

29,118

Hire purchase contracts

10,248

8,891

Taxation and social security

128,714

51,068

Other creditors

29,714

20,131

178,594

109,208

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.26

31.3.25

£

Bank loans

7,849

110,523

Hire purchase contracts

33,811

32,484

41,660

143,007

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

15,956

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.26

31.3.25

£

J Dougherty and Mrs E Dougherty

Balance outstanding at start of year

(1,980

)

(5,651

)

Amounts advanced

109,048

32,931

Amounts repaid

(107,525

)

(29,260

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(457

)

(1,980

)

At the year end the company was due the directors £457 (2025: £1,980). There are no specific repayment terms and no interest has been charged.