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REGISTERED NUMBER: SC629933 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

C J BRUCE INVESTMENTS LIMITED

C J BRUCE INVESTMENTS LIMITED (REGISTERED NUMBER: SC629933)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

C J BRUCE INVESTMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: Mr C J Bruce





REGISTERED OFFICE: 12 Whitehills Rise
Cove Bay
Aberdeen
AB12 3UH





REGISTERED NUMBER: SC629933 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

C J BRUCE INVESTMENTS LIMITED (REGISTERED NUMBER: SC629933)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 65
Investment property 5 214,510 222,007
214,510 222,072

CURRENT ASSETS
Cash at bank 235 8

CREDITORS
Amounts falling due within one year 6 77,572 75,704
NET CURRENT LIABILITIES (77,337 ) (75,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,173

146,376

CREDITORS
Amounts falling due after more than one year 7 140,944 145,291
NET (LIABILITIES)/ASSETS (3,771 ) 1,085

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (3,772 ) 1,084
SHAREHOLDERS' FUNDS (3,771 ) 1,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 director and authorised for issue on 12 February 2025 and were signed by:





Mr C J Bruce - Director


C J BRUCE INVESTMENTS LIMITED (REGISTERED NUMBER: SC629933)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

C J Bruce Investments 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. 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 - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 1,230
DEPRECIATION
At 1 June 2023 1,165
Charge for year 65
At 31 May 2024 1,230
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 65

C J BRUCE INVESTMENTS LIMITED (REGISTERED NUMBER: SC629933)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 June 2023 222,007
Revaluations (7,497 )
At 31 May 2024 214,510
NET BOOK VALUE
At 31 May 2024 214,510
At 31 May 2023 222,007

Cost or valuation at 31 May 2024 is represented by:
£   
Valuation in 2022 222,007
Valuation in 2024 (7,497 )
214,510

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 222,007 222,007

Investment property was valued on an open market basis on 15 January 2024 by The Mortgage works .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,936 5,048
Trade creditors 720 -
Tax 260 512
Directors' current accounts 73,057 69,424
Accruals and deferred income 599 720
77,572 75,704

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 3,183 4,500
Bank loans - 2-5 years 15,346 14,831
Bank loans more 5 yr by instal 122,415 125,960
140,944 145,291

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 122,415 125,960

C J BRUCE INVESTMENTS LIMITED (REGISTERED NUMBER: SC629933)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 143,880 150,339

There is a standing security charge by The Mortgage Works (UK) Plc over all and the whole of the subject known as 161 Bloomfield Court, Aberdeen, AB10 6DU.

There is a standing security charge by The Mortgage Works (UK) Plc over all and the whole of the subject known as 134 Hardgate, Aberdeen, AB11 6YU

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr C J Bruce
Balance outstanding at start of year (69,424 ) (69,807 )
Amounts advanced 172 6,250
Amounts repaid (3,804 ) (5,867 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (73,056 ) (69,424 )

The loan is interest free and there is no fixed repayment date.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
C J BRUCE INVESTMENTS LIMITED

The following reproduces the text of the report prepared for the director 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 Director 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 C J Bruce Investments Limited for the year ended 31 May 2024 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of C J Bruce Investments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C J Bruce Investments Limited and state those matters that we have agreed to state to the director of C J Bruce Investments Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that C J Bruce Investments 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 loss of C J Bruce Investments Limited. You consider that C J Bruce Investments 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 C J Bruce Investments 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.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


13 February 2025