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REGISTERED NUMBER: SC488478 (Scotland)




















FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2022 TO 31 DECEMBER 2023

FOR

JAG INVESTMENT GROUP LTD

JAG INVESTMENT GROUP LTD (REGISTERED NUMBER: SC488478)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JAG INVESTMENT GROUP LTD

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023







DIRECTORS: Mrs G L Cameron-Fordyce
Mr J T Cameron-Fordyce





SECRETARY:





REGISTERED OFFICE: 2 Bellefield Lane
Lanark
Lanarkshire
ML11 7AA





REGISTERED NUMBER: SC488478 (Scotland)





ACCOUNTANTS: Feely & Company, Chartered Accountants
165 Main Street
Wishaw
Lanarkshire
ML2 7AU

JAG INVESTMENT GROUP LTD (REGISTERED NUMBER: SC488478)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 283,969 289,764

CURRENT ASSETS
Cash at bank 660 5,818

CREDITORS
Amounts falling due within one year 5 1,232 5,836
NET CURRENT LIABILITIES (572 ) (18 )
TOTAL ASSETS LESS CURRENT LIABILITIES 283,397 289,746

CREDITORS
Amounts falling due after more than one year 6 290,967 286,000
NET (LIABILITIES)/ASSETS (7,570 ) 3,746

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (7,572 ) 3,744
SHAREHOLDERS' FUNDS (7,570 ) 3,746

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





Mr J T Cameron-Fordyce - Director


JAG INVESTMENT GROUP LTD (REGISTERED NUMBER: SC488478)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Jag Investment Group Ltd 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 represents net sales of goods and services, excluding value added tax.

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 - 2% on reducing balance

At each balance sheet date, the company reviews the carrying amount of the 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, if any.

Taxation
Taxation for the period 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 only in those instances where the amount is deemed to be material.

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 period 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 period was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 November 2022
and 31 December 2023 334,915
DEPRECIATION
At 1 November 2022 45,151
Charge for period 5,795
At 31 December 2023 50,946
NET BOOK VALUE
At 31 December 2023 283,969
At 31 October 2022 289,764

JAG INVESTMENT GROUP LTD (REGISTERED NUMBER: SC488478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 5,012
Other creditors 1,232 824
1,232 5,836

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 290,967 286,000

7. RELATED PARTY DISCLOSURES

Included within creditors due after more than one year are the following amounts -

- £47,967 due to Mr J. T. Fordyce and Mrs G. Cameron Fordyce (2022 - £43,000). The loan is interest free and has no fixed terms of repayment.
- £243,000 due to Mr & Mrs Fordyce (parents of Mr J.T. Fordyce). (2022 - £243,000). The interest on the loan is payable monthly at a rate of 2% per annum.