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REGISTERED NUMBER: SC490769 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

J & M Property Services (Shotts) Limited

J & M Property Services (Shotts) Limited (Registered number: SC490769)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

J & M Property Services (Shotts) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: R McCulloch
J R McCulloch
M McCulloch





REGISTERED OFFICE: Pottishaw Place
Whitehill Ind Estate
Bathgate
West Lothian
EH48 2EN





REGISTERED NUMBER: SC490769 (Scotland)





ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

J & M Property Services (Shotts) Limited (Registered number: SC490769)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 342,219 404,182

CURRENT ASSETS
Debtors 6 433,741 356,267
Cash at bank 9,811 197,089
443,552 553,356
CREDITORS
Amounts falling due within one year 7 797,721 974,745
NET CURRENT LIABILITIES (354,169 ) (421,389 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,950

)

(17,207

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (12,050 ) (17,307 )
SHAREHOLDERS' FUNDS (11,950 ) (17,207 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 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 28 June 2024 and were signed on its behalf by:





R McCulloch - Director


J & M Property Services (Shotts) Limited (Registered number: SC490769)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

J & M Property Services (Shotts) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis as the company's related parties under the common control of the directors have undertaken to support the company through the related party loans.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from services supplied by the company.

Turnover is measured at the fair value of services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

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.


J & M Property Services (Shotts) Limited (Registered number: SC490769)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - NIL ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 156,330 600,000 756,330
DEPRECIATION
At 1 December 2022 - 352,148 352,148
Charge for year - 61,963 61,963
At 30 November 2023 - 414,111 414,111
NET BOOK VALUE
At 30 November 2023 156,330 185,889 342,219
At 30 November 2022 156,330 247,852 404,182

Included in cost of land and buildings is freehold land of £ 156,330 (2022 - £ 156,330 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 433,741 356,267

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,311 3,501
Taxation and social security 3,604 970
Other creditors 791,806 970,274
797,721 974,745

J & M Property Services (Shotts) Limited (Registered number: SC490769)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. RELATED PARTY DISCLOSURES

The company is under the common control of its director/shareholders with Dem-master Demolition Ltd, Total Recycling Ltd and McCulloch Properties Ltd. during the year, an additional £400,000 (2022, £571,185) was loaned from and £221,533 (2022, 437,800) loaned to these companies. At the year end the balance due to the companies was £789,806 (2022, £968.274). The loans are interest free with no fixed repayment dates.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
J & M Property Services (Shotts) 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 J & M Property Services (Shotts) Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 J & M Property Services (Shotts) 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 J & M Property Services (Shotts) Limited and state those matters that we have agreed to state to the Board of Directors of J & M Property Services (Shotts) 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 J & M Property Services (Shotts) 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 J & M Property Services (Shotts) Limited. You consider that J & M Property Services (Shotts) 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 J & M Property Services (Shotts) 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.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


28 June 2024