Kinloch Houses Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC261358 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Kinloch Houses Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D A Kinloch

REGISTERED OFFICE:

Suite 4F

Ingram House

227 Ingram Street

Glasgow

G1 1DA

REGISTERED NUMBER:

SC261358 (Scotland)

ACCOUNTANTS:

Key Professional Partnership Ltd

Suite 4f, Ingram House

227 Ingram Street

Glasgow

G1 1DA

FIXED ASSETS

Tangible assets

4

242,500

242,500

CURRENT ASSETS

Debtors

5

207

220

Cash at bank

11,503

9,272

11,710

9,492

CREDITORS

Amounts falling due within one year

6

8,870

5,809

NET CURRENT ASSETS

2,840

3,683

TOTAL ASSETS LESS CURRENT LIABILITIES

245,340

246,183

CREDITORS

Amounts falling due after more than one year

7

184,904

202,400

NET ASSETS

60,436

43,783

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

60,434

43,781

60,436

43,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 November 2020 and were signed by:

D A Kinloch - Director

1.	STATUTORY INFORMATION

Kinloch Houses 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.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2019

and 31 December 2019

242,500

NET BOOK VALUE

At 31 December 2019

242,500

At 31 December 2018

242,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Other debtors

207

220

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Taxation and social security

3,906

845

Other creditors

4,964

4,964

8,870

5,809

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.19

31.12.18

£

£

Other creditors

184,904

202,400

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D A Kinloch.