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REGISTERED NUMBER: SO305678 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

JOHN FERGUSON MORTGAGES LLP

JOHN FERGUSON MORTGAGES LLP (REGISTERED NUMBER: SO305678)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN FERGUSON MORTGAGES LLP

GENERAL INFORMATION
For The Year Ended 30 September 2023







DESIGNATED MEMBERS: J C Ferguson
Mrs C Ferguson





REGISTERED OFFICE: Morvern
Glen Nevis
FORT WILLIAM
Inverness-shire
PH33 6PF





REGISTERED NUMBER: SO305678 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

JOHN FERGUSON MORTGAGES LLP (REGISTERED NUMBER: SO305678)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87,691 42,614

CURRENT ASSETS
Debtors 5 20,258 10,930
Cash at bank 39,686 39,748
59,944 50,678
CREDITORS
Amounts falling due within one year 6 8,064 16
NET CURRENT ASSETS 51,880 50,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,571

93,276

CREDITORS
Amounts falling due after more than one year 7 46,054 19,434
NET ASSETS ATTRIBUTABLE TO
MEMBERS

93,517

73,842

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

93,517

73,842

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 93,517 73,842

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 September 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

JOHN FERGUSON MORTGAGES LLP (REGISTERED NUMBER: SO305678)

BALANCE SHEET - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 March 2024 and were signed by:





J C Ferguson - Designated member

JOHN FERGUSON MORTGAGES LLP (REGISTERED NUMBER: SO305678)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2023

1. STATUTORY INFORMATION

John Ferguson Mortgages LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 65,481
Additions 66,467
Disposals (9,950 )
At 30 September 2023 121,998
DEPRECIATION
At 1 October 2022 22,867
Charge for year 11,440
At 30 September 2023 34,307
NET BOOK VALUE
At 30 September 2023 87,691
At 30 September 2022 42,614

JOHN FERGUSON MORTGAGES LLP (REGISTERED NUMBER: SO305678)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,258 10,930

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 8,064 -
Trade creditors - 16
8,064 16

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Loan 14,543 19,434
Hire purchase contracts 31,511 -
46,054 19,434

Amounts falling due in more than five years:

Repayable by instalments
Loan 14,543 19,434

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 93,517 73,842

Falling due within one year 93,517 73,842