Registered number
SC070455
S & J D Robertson Group Limited
Financial Statements
for the year ended 31 January 2024
PAGES FOR FILING WITH REGISTRAR
S & J D Robertson Group Limited
Registered number: SC070455
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 5,250 5,833
Tangible assets 4 270,707 318,033
Investments 5 5,214,239 4,466,804
5,490,196 4,790,670
Current assets
Stocks 21,071 21,576
Debtors 6 65,598 88,125
Cash at bank and in hand 1,017,311 1,264,038
1,103,980 1,373,739
Creditors: amounts falling due within one year 7 (600,183) (597,837)
Net current assets 503,797 775,902
Total assets less current liabilities 5,993,993 5,566,572
Deferred grants 8 (814) -
Net assets 5,993,179 5,566,572
Capital and reserves
Called up share capital 4,614 4,614
Capital redemption reserve 5,810 5,810
Fair value reserve 459,742 536,170
Profit and loss reserves 5,523,013 5,019,978
Shareholders' funds 5,993,179 5,566,572
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
F M Bain
Director
Approved by the board on 28 October 2024
S & J D Robertson Group Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006. The presentation currency is £ sterling.
Preparation of consolidated financial statements
The financial statements contain information about S & J D Robertson Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. Group accounts do not need to be prepared as the company and its subsidiary undertakings comprise a small-sized group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Rental income is recognised on a straight-line basis over the term of the relevant lease.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Amortisation is recognised so as to write off the cost less any residual value over the expected live of the asset.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 2% straight line
Plant and machinery 5% to 50% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset. The gain or loss is credited or charged to profit and loss.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments (including investment properties) are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. The valuation of investment properties is made by the directors on an open market value basis by reference to market evidence of transaction prices for similar properties.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and those overheads that have been incurred in bringing the stock to its present location and condition.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is a reasonable assurance that the grant conditions will be met and the grants will be received. Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Cost
At 1 February 2023 11,663
At 31 January 2024 11,663
Amortisation
At 1 February 2023 5,830
Provided during the year 583
At 31 January 2024 6,413
Net book value
At 31 January 2024 5,250
At 31 January 2023 5,833
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2023 206,052 776,610 982,662
Additions 662 3,841 4,503
At 31 January 2024 206,714 780,451 987,165
Depreciation
At 1 February 2023 144,466 520,163 664,629
Charge for the year 1,906 49,923 51,829
At 31 January 2024 146,372 570,086 716,458
Net book value
At 31 January 2024 60,342 210,365 270,707
At 31 January 2023 61,586 256,447 318,033
5 Investments held as fixed assets
Investments in
subsidiaries Investment Other
& associates properties investments Total
£ £ £ £
At Cost or Valuation
At 1 February 2023 2,009,029 2,369,705 88,070 4,466,804
Additions 974,990 - - 974,990
Fair value adjustments - - 12,377 12,377
Disposals - (239,932) - (239,932)
At 31 January 2024 2,984,019 2,129,773 100,447 5,214,239
The company holds 20% or more of the share capital of the following companies:
Class of Proportion Country of
Company name shares held held (%) incorporation
S & J D Robertson Property Ltd Ordinary 100 Scotland
Foveran Hotel Limited Ordinary 100 Scotland
Orkney Media Group Limited Ordinary 50 Scotland
Stanley Services Limited Ordinary 30 Falkland Islands
Other investments includes listed investments measured at fair value.
6 Debtors 2024 2023
£ £
Trade debtors 26,720 24,999
Other debtors 38,878 63,126
65,598 88,125
Amounts due after more than one year included above 2,000 2,000
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 15,970 15,709
Amounts owed to group undertakings and undertakings in which the company has a participating interest 523,516 523,516
Taxation and social security costs 22,964 22,819
Other creditors 37,733 35,793
600,183 597,837
8 Deferred grants
The company received a government grant for capital equipment. The grant is deferred and amortised on a straight line basis over the same term as the related assets.
9 Other information
S & J D Robertson Group Limited is a private company limited by shares and incorporated in Scotland. The registered office is Dunkirk, Shore Street, Kirkwall, Orkney, KW15 1LG.
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