Kilbarchan (Holdings) Limited - Accounts to registrar (filleted) - small 18.2

Kilbarchan (Holdings) Limited - Accounts to registrar (filleted) - small 18.2

KILBARCHAN (HOLDINGS) LIMITED - Company Information

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IRIS Accounts Production v21.1.6.35 SC339331 Board of Directors 1.11.19 31.10.20 31.10.20 true false true false false true false 31527 31527 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3393312019-10-31SC3393312020-10-31SC3393312019-11-012020-10-31SC3393312018-10-31SC3393312018-11-012019-10-31SC3393312019-10-31SC339331ns16:Scotland2019-11-012020-10-31SC339331ns15:PoundSterling2019-11-012020-10-31SC339331ns11:Director12019-11-012020-10-31SC339331ns11:PrivateLimitedCompanyLtd2019-11-012020-10-31SC339331ns11:SmallEntities2019-11-012020-10-31SC339331ns11:AuditExemptWithAccountantsReport2019-11-012020-10-31SC339331ns11:SmallCompaniesRegimeForDirectorsReport2019-11-012020-10-31SC339331ns11:SmallCompaniesRegimeForAccounts2019-11-012020-10-31SC339331ns11:FullAccounts2019-11-012020-10-31SC339331ns11:Director1412018-10-31SC339331ns11:Director1412018-11-012019-10-31SC339331ns11:Director22019-11-012020-10-31SC339331ns11:RegisteredOffice2019-11-012020-10-31SC339331ns6:CurrentFinancialInstruments2020-10-31SC339331ns6:CurrentFinancialInstruments2019-10-31SC339331ns6:ShareCapital2020-10-31SC339331ns6:ShareCapital2019-10-31SC339331ns6:RetainedEarningsAccumulatedLosses2020-10-31SC339331ns6:RetainedEarningsAccumulatedLosses2019-10-31SC339331ns6:CostValuation2019-10-31SC339331ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-10-31SC339331ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-10-31SC3393312ns11:Director22019-10-31SC3393312ns11:Director22018-10-31SC3393312ns11:Director22019-11-012020-10-31SC3393312ns11:Director22018-11-012019-10-31SC3393312ns11:Director22020-10-31SC3393312ns11:Director22019-10-31
REGISTERED NUMBER: SC339331 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 October 2020

for

KILBARCHAN (HOLDINGS) LIMITED
KILBARCHAN (HOLDINGS) LIMITED (REGISTERED NUMBER: SC339331)






Contents of the Financial Statements
for the Year Ended 31 October 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

KILBARCHAN (HOLDINGS) LIMITED

Company Information
for the Year Ended 31 October 2020







DIRECTORS: G D Wright
J T Munroe





REGISTERED OFFICE: Oakfield House
378 Brandon Street
Motherwell
ML1 1XA





REGISTERED NUMBER: SC339331 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA
Page 1
KILBARCHAN (HOLDINGS) LIMITED (REGISTERED NUMBER: SC339331)

Balance Sheet
31 October 2020

2020 2019
Notes £    £   
FIXED ASSETS
Investments 4 435,100 435,100

CURRENT ASSETS
Debtors 5 35,085 37,086
Cash in hand 300 300
35,385 37,386
CREDITORS
Amounts falling due within one year 6 (463,116 ) (432,323 )
NET CURRENT LIABILITIES (427,731 ) (394,937 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,369
40,163

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 7,069 39,863
SHAREHOLDERS' FUNDS 7,369 40,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 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 notes form part of these financial statements

Page 2 continued...
KILBARCHAN (HOLDINGS) LIMITED (REGISTERED NUMBER: SC339331)

Balance Sheet - continued
31 October 2020


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 26 July 2021 and were signed on its behalf by:





G D Wright - Director


The notes form part of these financial statements

Page 3
KILBARCHAN (HOLDINGS) LIMITED (REGISTERED NUMBER: SC339331)

Notes to the Financial Statements
for the Year Ended 31 October 2020

1. STATUTORY INFORMATION

Kilbarchan (Holdings) Limited 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.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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 4 (2019 - 4 ) .

Page 4 continued...
KILBARCHAN (HOLDINGS) LIMITED (REGISTERED NUMBER: SC339331)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2020

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2019
and 31 October 2020 435,100
NET BOOK VALUE
At 31 October 2020 435,100
At 31 October 2019 435,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 16,000 18,000
Amounts owed by group undertakings 480 480
Other debtors 18,605 18,606
35,085 37,086

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 16,717 29,380
Trade creditors 4,562 4,379
Amounts owed to group undertakings 416,277 386,277
Taxation and social security 25,560 12,287
463,116 432,323

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2020 and 31 October 2019:

2020 2019
£    £   
J T Munroe and G D Wright
Balance outstanding at start of year - 31,527
Amounts repaid - (31,527 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Page 5
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kilbarchan (Holdings) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kilbarchan (Holdings) Limited for the year ended 31 October 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Kilbarchan (Holdings) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kilbarchan (Holdings) Limited and state those matters that we have agreed to state to the Board of Directors of Kilbarchan (Holdings) Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kilbarchan (Holdings) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kilbarchan (Holdings) Limited. You consider that Kilbarchan (Holdings) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kilbarchan (Holdings) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA


26 July 2021

This page does not form part of the statutory financial statements

Page 6