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REGISTERED NUMBER: SC016492 (Scotland)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

James Thomson (Newark), Limited

James Thomson (Newark), Limited (Registered number: SC016492)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


James Thomson (Newark), Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: J I Barbour
Mrs F W H Barbour





REGISTERED OFFICE: Dumfries Enterprise Park
Heathhall
Dumfries
Dumfriesshire
DG1 3SJ





REGISTERED NUMBER: SC016492 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

James Thomson (Newark), Limited (Registered number: SC016492)

Balance Sheet
31st December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 99,365 94,176
Investment property 5 600,000 600,000
699,365 694,176

CURRENT ASSETS
Debtors 6 7,650 7,650
Cash at bank 4,184 3,222
11,834 10,872
CREDITORS
Amounts falling due within one year 7 (6,238 ) (6,238 )
NET CURRENT ASSETS 5,596 4,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

704,961

698,810

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Other reserves 23,800 23,800
Retained earnings 675,161 669,010
SHAREHOLDERS' FUNDS 704,961 698,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

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

The financial statements were approved by the Board of Directors and authorised for issue on 17th September 2024 and were signed on its behalf by:





Mrs F W H Barbour - Director


James Thomson (Newark), Limited (Registered number: SC016492)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

James Thomson (Newark), 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 place of business of the company is Newark, Sanquhar, DG4 6HN.

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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

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

James Thomson (Newark), Limited (Registered number: SC016492)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st January 2023 94,176
Revaluations 5,189
At 31st December 2023 99,365
NET BOOK VALUE
At 31st December 2023 99,365
At 31st December 2022 94,176

Cost or valuation at 31st December 2023 is represented by:

Other
investments
£   
Valuation in 2019 89,071
Valuation in 2020 3,369
Valuation in 2021 21,663
Valuation in 2022 (19,927 )
Valuation in 2023 5,189
99,365

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 600,000
NET BOOK VALUE
At 31st December 2023 600,000
At 31st December 2022 600,000

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2014 552,124
Cost 47,876
600,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,650 7,650

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 6,238 6,238

James Thomson (Newark), Limited (Registered number: SC016492)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

8. RELATED PARTY DISCLOSURES

As at 31st December 2023 the company owed the directors £5,738 (2022 - £5,738) by way of a current account. This amount is interest free and repayable on demand.