Company Registration No. SC387421 (Scotland)
Kelsom Financial Limited
Unaudited accounts
for the year ended 31 December 2021
Kelsom Financial Limited
Unaudited accounts
Contents
Kelsom Financial Limited
Company Information
for the year ended 31 December 2021
Directors
J P Kelly
M Sommerville
Company Number
SC387421 (Scotland)
Registered Office
1st floor, The Reel House
7 West Regent Street
Glasgow
G2 1RW
Accountants
Assenti & Noble Ltd
18 Mosshead Road
Bearsden
Glasgow
G61 3HN
Kelsom Financial Limited
Statement of financial position
as at 31 December 2021
Intangible assets
2,500,000
2,500,000
Cash at bank and in hand
39,292
49,684
Creditors: amounts falling due within one year
(635)
(2,288)
Net current assets
90,499
136,805
Net assets
2,590,499
2,636,805
Called up share capital
100
100
Revaluation reserve
2,500,000
2,500,000
Profit and loss account
90,399
136,705
Shareholders' funds
2,590,499
2,636,805
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 March 2022 and were signed on its behalf by
M Sommerville
Director
Company Registration No. SC387421
Kelsom Financial Limited
Notes to the Accounts
for the year ended 31 December 2021
Kelsom Financial Limited is a private company, limited by shares, registered in Scotland, registration number SC387421. The registered office is 1st floor, The Reel House, 7 West Regent Street, Glasgow, G2 1RW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales, excluding value added tax.
Intangible fixed assets are included at cost or valuation, less accumulated amortisation.
4
Intangible fixed assets
Other
At 1 January 2021
2,500,000
At 31 December 2021
2,500,000
At 31 December 2021
2,500,000
At 31 December 2020
2,500,000
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
35,356
70,744
Amounts due from group undertakings etc.
5,637
5,639
Kelsom Financial Limited
Notes to the Accounts
for the year ended 31 December 2021
6
Creditors: amounts falling due within one year
2021
2020
Amounts owed to group undertakings and other participating interests
-
35
Taxes and social security
-
387
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).
