KCam Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC524548

KCam Properties Limited

Filleted Unaudited Financial Statements

31 January 2026

KCam Properties Limited

Statement of Financial Position

31 January 2026

	2026	2025
		(restated)
Note	£	£

Fixed assets

Tangible assets	4	655,796	738,713
Investments	5	5,851	5,751
		---------	---------
		661,647	744,464

Current assets

Debtors	6	398,744	48,578
Cash at bank and in hand		51,503	1,681
		---------	--------
		450,247	50,259

Creditors: amounts falling due within one year	7	80,284	150,412
		---------	---------
Net current assets/(liabilities)		369,963	( 100,153)
		------------	---------
Total assets less current liabilities		1,031,610	644,311

Creditors: amounts falling due after more than one year	8	46,600	52,423

Provisions	105,866	107,248
	------------	---------
Net assets	879,144	484,640
	------------	---------

Capital and reserves

Called up share capital	200	100
Share premium account	399,900	–
Profit and loss account	479,044	484,540
	---------	---------
Shareholders funds	879,144	484,640
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 January 2026 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

KCam Properties Limited

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 28 October 2026 , and are signed on behalf of the board by:

Kenneth Cameron

Director

Company registration number: SC524548

KCam Properties Limited

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is C/O Nelson Gilmour Smith, Mercantil Chambers, 53 Bothwell Street, Glasgow, G2 6TB, Scotland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	20% straight line
Equipment	-	20% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Freehold property	Motor vehicles	Equipment	Total
	£	£	£	£
Cost or valuation
At 1 February 2025 (as restated)	724,000	44,585	3,550	772,135
Disposals	( 74,000)	–	–	( 74,000)
	---------	--------	-------	---------
At 31 January 2026	650,000	44,585	3,550	698,135
	---------	--------	-------	---------
Depreciation
At 1 February 2025	–	29,872	3,550	33,422
Charge for the year	–	8,917	–	8,917
	---------	--------	-------	---------
At 31 January 2026	–	38,789	3,550	42,339
	---------	--------	-------	---------
Carrying amount
At 31 January 2026	650,000	5,796	–	655,796
	---------	--------	-------	---------
At 31 January 2025	724,000	14,713	–	738,713
	---------	--------	-------	---------

Included within the above is investment property as follows:

	£
At 1 February 2025	724,000
Disposals	( 74,000)
	---------
At 31 January 2026	650,000
	---------

The director revalued the properties with the aid of a desktop valuation by McEwan Fraser Legal received 29 August 2025 .

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Freehold property
	£
At 31 January 2026
Aggregate cost	190,500
Aggregate depreciation	–
	---------
Carrying value	190,500
	---------

At 31 January 2025
Aggregate cost	276,983
Aggregate depreciation	–
	---------
Carrying value	276,983
	---------

5. Investments

	Shares in group undertakings	Other loans	Total
	£	£	£
Cost
At 1 February 2025 as restated	251	5,500	5,751
Additions	100	–	100
	----	-------	-------
At 31 January 2026	351	5,500	5,851
	----	-------	-------
Impairment
At 1 February 2025 as restated and 31 January 2026	–	–	–
	----	-------	-------

Carrying amount
At 31 January 2026	351	5,500	5,851
	----	-------	-------
At 31 January 2025	251	5,500	5,751
	----	-------	-------

6. Debtors

	2026	2025
		(restated)
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	98,744	48,578
Other debtors	300,000	–
	---------	--------
	398,744	48,578
	---------	--------

7. Creditors: amounts falling due within one year

	2026	2025
		(restated)
	£	£
Bank loans and overdrafts	5,774	6,860
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10,750	–
Corporation tax	–	1,901
Other loans	12,427	12,428
Other creditors	51,333	129,223
	--------	---------
	80,284	150,412
	--------	---------

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

	2026	2025
		(restated)
	£	£
Bank loans and overdrafts	46,600	52,423
	--------	--------

Included within creditors: amounts falling due after more than one year is an amount of £36,700 (2025: £39,575) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

Amounts falling due after more than 5 years are in respect of bank loans bearing interest at 10.49% per annum (rising to 12.64% on 3/12/28). The loan term ends November 2038.

9. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2026	2025	2026	2025
	£	£	£	£
Spectrum Manchester Ltd (SC610901)	–	( 64,316)	( 10,750)	–
Spectrum Roofing and Construction Cheshire Ltd (SC754006)	–	–	47,828	48,578
Holy Hounds Dog Groomers Ltd (SC719117)	–	–	916	–
Safehaven Solutions NW Ltd (SC859122)	–	–	50,000	–
Kenneth Cameron (director)	74,000	–	( 48,114)	( 126,091)
Peter McNeil (director)	400,000	–	300,000	–
	---------	--------	---------	---------

At the year end Spectrum Manchester Limited(SC610901), a subsidiary, owed £ 10,750 (2025:£nil). At the year end Spectrum Roofing and Construction Cheshire Ltd (SC745006), a subsidiary, owed £ 47,828 (2025:£ 48,578 ). During the year the company charged £nil (2025:£ 43,578 ) for management charges. At the year end Holy Hounds Dog Groomers Ltd (SC719117), a subsidiary, owed £ 916 (2025:£nil). During the year KCAM Properties Loaned Safehaven Solutions NW Ltd (SC859122), a subsidiary, £ 50,000 . During the year Kenneth Cameron (Director) purchased a property from the company for £ 74,000 . Peter McNeil (Director) purchased 100 alloted ordinary shares under an agreement for £ 400,000 , of which £100,000 was payable upfront with the remaining balance of £ 300,000 payable on demand.