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REGISTERED NUMBER: SC021364 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

James C. Hogg Limited

James C. Hogg Limited (Registered number: SC021364)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


James C. Hogg Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr N G Hogg





REGISTERED OFFICE: 28 Albyn Place
Aberdeen
AB10 1YL





REGISTERED NUMBER: SC021364 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

James C. Hogg Limited (Registered number: SC021364)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 744 231
Investment property 5 338,239 338,239
338,983 338,470

CURRENT ASSETS
Debtors 6 1,365 4,462
Cash at bank 3,719 3,675
5,084 8,137
CREDITORS
Amounts falling due within one year 7 23,539 29,727
NET CURRENT LIABILITIES (18,455 ) (21,590 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

320,528

316,880

PROVISIONS FOR LIABILITIES 51,403 51,191
NET ASSETS 269,125 265,689

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Other reserves 257,971 257,971
Retained earnings 6,154 2,718
269,125 265,689

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

James C. Hogg Limited (Registered number: SC021364)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 24 September 2024 and were signed by:





Mr N G Hogg - Director


James C. Hogg Limited (Registered number: SC021364)

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

1. STATUTORY INFORMATION

James C. Hogg 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2022 - 1 ) .

James C. Hogg Limited (Registered number: SC021364)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 5,449 17,105 22,554
Additions - 835 835
At 31 December 2023 5,449 17,940 23,389
DEPRECIATION
At 1 January 2023 5,218 17,105 22,323
Charge for year 46 276 322
At 31 December 2023 5,264 17,381 22,645
NET BOOK VALUE
At 31 December 2023 185 559 744
At 31 December 2022 231 - 231

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 338,239
NET BOOK VALUE
At 31 December 2023 338,239
At 31 December 2022 338,239

The value of the investment property is based on the directors opinion and local knowledge, and an independent valuation has not been sought.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,270 1,074
Other debtors 95 3,388
1,365 4,462

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 395 18,404
Trade creditors 437 -
Taxation and social security 3,257 1,636
Other creditors 19,450 9,687
23,539 29,727

James C. Hogg Limited (Registered number: SC021364)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr N G Hogg
Balance outstanding at start of year 3,164 3,571
Amounts advanced 7,418 8,025
Amounts repaid (20,600 ) (8,432 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,018 ) 3,164

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N G Hogg.