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REGISTERED NUMBER: SC037652 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

JOHN BERESFORD & COMPANY (DEVELOPMENT)
LIMITED

JOHN BERESFORD & COMPANY (DEVELOPMENT)
LIMITED (REGISTERED NUMBER: SC037652)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN BERESFORD & COMPANY (DEVELOPMENT)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mrs R M E De La Hey



SECRETARY: Mrs R M E De La Hey



REGISTERED OFFICE: Mertoun Glebe
St Boswells
Melrose
Roxburghshire
TD6 0DY



REGISTERED NUMBER: SC037652 (Scotland)



ACCOUNTANTS: Stewart Gilmour & Co.
Chartered Accountants
24 Beresford Terrace
Ayr
KA7 2EG



BANKERS: The Royal Bank of Scotland plc
30 Sandgate
Ayr
KA7 1BW

JOHN BERESFORD & COMPANY (DEVELOPMENT)
LIMITED (REGISTERED NUMBER: SC037652)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,785,000 1,600,000
1,785,000 1,600,000

CURRENT ASSETS
Debtors 6 7,412 4,591
Cash at bank 28,761 26,128
36,173 30,719
CREDITORS
Amounts falling due within one year 7 52,416 61,648
NET CURRENT LIABILITIES (16,243 ) (30,929 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,768,757

1,569,071

PROVISIONS FOR LIABILITIES 8 4,197 3,734
NET ASSETS 1,764,560 1,565,337

CAPITAL AND RESERVES
Called up share capital 9 31,840 31,840
Capital redemption reserve 10 42,040 42,040
Retained earnings 10 1,690,680 1,491,457
SHAREHOLDERS' FUNDS 1,764,560 1,565,337

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 her 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.

JOHN BERESFORD & COMPANY (DEVELOPMENT)
LIMITED (REGISTERED NUMBER: SC037652)

BALANCE SHEET - continued
31 MAY 2024


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 25 February 2025 and were signed by:





Mrs R M E De La Hey - Director


JOHN BERESFORD & COMPANY (DEVELOPMENT)
LIMITED (REGISTERED NUMBER: SC037652)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

John Beresford & Company (Development) 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.
Office equipment & fittings - 20% on cost

Investment property
In accordance with FRS 102, investment properties are revalued annually at fair value. Changes to fair value are reflected in the profit and loss account No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principles set out in FRS 102. The director considers that, because these properties are not held for their consumption, but for their investment potential, to depreciate them would not give a true and fair view, and that it is necessary to apply FRS 102 in order to give a true and fair view.

If this departure from the Act had not been made, the reported net profit for the financial year would have been reduced by additional depreciation charges of £26,312 (2023 : £26,312).

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

JOHN BERESFORD & COMPANY (DEVELOPMENT)
LIMITED (REGISTERED NUMBER: SC037652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
& fittings
£   
COST
At 1 June 2023
and 31 May 2024 15,916
DEPRECIATION
At 1 June 2023
and 31 May 2024 15,916
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 1,600,000
Revaluations 185,000
At 31 May 2024 1,785,000
NET BOOK VALUE
At 31 May 2024 1,785,000
At 31 May 2023 1,600,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2016 110,295
Valuation in 2021 133,189
Valuation in 2024 185,000
Cost 1,356,516
1,785,000

JOHN BERESFORD & COMPANY (DEVELOPMENT)
LIMITED (REGISTERED NUMBER: SC037652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,315,609 1,315,609
Aggregate depreciation (410,981 ) (410,981 )

The investment properties were valued on a fair value basis on 31 May 2024 by Mrs R M E De La Hey, director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,220 -
Prepayments and accrued income 5,192 4,591
7,412 4,591

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Current corporation tax 3,168 4,460
Directors' current accounts 35,911 47,911
Accruals and deferred income 13,337 9,277
52,416 61,648

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,197 3,734

Deferred
tax
£   
Balance at 1 June 2023 3,734
Provided during year 463
Released to profit and loss
Balance at 31 May 2024 4,197

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
31,840 Ordinary £1 31,840 31,840

JOHN BERESFORD & COMPANY (DEVELOPMENT)
LIMITED (REGISTERED NUMBER: SC037652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 June 2023 1,491,457 42,040 1,533,497
Profit for the year 14,223 14,223
Unrealised surplus on
revaluation of investment
properties 185,000 - 185,000
At 31 May 2024 1,690,680 42,040 1,732,720

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs R M E De La Hey.