Company registration number SC189215 (Scotland)
JAMIESON BLAIR LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
JAMIESON BLAIR LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
JAMIESON BLAIR LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
108,516
69,621
Investment property
4
702,081
649,688
Investments
5
34
67
810,631
719,376
Current assets
Debtors
6
13,900
1,260
Cash at bank and in hand
51,707
22,782
65,607
24,042
Creditors: amounts falling due within one year
7
(103,228)
(100,506)
Net current liabilities
(37,621)
(76,464)
Total assets less current liabilities
773,010
642,912
Creditors: amounts falling due after more than one year
8
(100,000)
(12,461)
Net assets
673,010
630,451
Capital and reserves
Called up share capital
9
1,000
1,000
Revaluation reserve
9
9
Other reserves
145,681
145,681
Profit and loss reserves
526,320
483,761
Total equity
673,010
630,451

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

JAMIESON BLAIR LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 14 March 2025 and are signed on its behalf by:
Ms C C Howat
Director
Company Registration No. SC189215
JAMIESON BLAIR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Jamieson Blair Limited is a private company limited by shares incorporated in Scotland. The registered office is Sea Salt, East Cliff, Portpatrick, Stranraer, Wigtownshire, United Kingdom, DG9 8JT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown inclusive of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% Reducing balance
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Listed investments are included at market value in the financial statements. Any unrealised gain or loss on revaluation in the year is adjusted to the relevant revaluation reserve.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

JAMIESON BLAIR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
JAMIESON BLAIR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 January 2024
53,031
194,600
247,631
Additions
-
0
98,656
98,656
Disposals
-
0
(77,100)
(77,100)
At 31 December 2024
53,031
216,156
269,187
Depreciation and impairment
At 1 January 2024
50,248
127,762
178,010
Depreciation charged in the year
525
29,575
30,100
Eliminated in respect of disposals
-
0
(47,439)
(47,439)
At 31 December 2024
50,773
109,898
160,671
Carrying amount
At 31 December 2024
2,258
106,258
108,516
At 31 December 2023
2,783
66,838
69,621
4
Investment property
2024
£
Fair value
At 1 January 2024
649,688
Additions
112,393
Disposals
(60,000)
At 31 December 2024
702,081

The fair value of the investment property has been arrived at on the basis of valuations carried out in 2020 by J & E Shephard Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The directors consider the valuation to be a fair reflection of open market value at the balance sheet date.

 

5
Fixed asset investments
2024
2023
£
£
Other investments other than loans
34
67
JAMIESON BLAIR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
5
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 January 2024
67
Disposals
(33)
At 31 December 2024
34
Carrying amount
At 31 December 2024
34
At 31 December 2023
67
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
13,900
1,260
13,900
1,260
7
Creditors: amounts falling due within one year
2024
2023
£
£
Other borrowings
5,833
15,833
Corporation tax
14,177
12,362
Other creditors
77,328
66,421
Accruals and deferred income
5,890
5,890
103,228
100,506
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
12,461
Other borrowings
100,000
-
0
100,000
12,461
JAMIESON BLAIR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
1,000
1,000
1,000
1,000
2024-12-312024-01-01falsefalsefalse14 March 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMs C C HowatMrs S MilliganSC1892152024-01-012024-12-31SC1892152024-12-31SC1892152023-12-31SC189215core:FurnitureFittings2024-12-31SC189215core:MotorVehicles2024-12-31SC189215core:FurnitureFittings2023-12-31SC189215core:MotorVehicles2023-12-31SC189215core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-31SC189215core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-31SC189215core:Non-currentFinancialInstrumentscore:AfterOneYear2024-12-31SC189215core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-31SC189215core:CurrentFinancialInstruments2024-12-31SC189215core:CurrentFinancialInstruments2023-12-31SC189215core:Non-currentFinancialInstruments2024-12-31SC189215core:Non-currentFinancialInstruments2023-12-31SC189215core:ShareCapital2024-12-31SC189215core:ShareCapital2023-12-31SC189215core:RevaluationReserve2024-12-31SC189215core:RevaluationReserve2023-12-31SC189215core:OtherMiscellaneousReserve2024-12-31SC189215core:OtherMiscellaneousReserve2023-12-31SC189215core:RetainedEarningsAccumulatedLosses2024-12-31SC189215core:RetainedEarningsAccumulatedLosses2023-12-31SC189215bus:Director12024-01-012024-12-31SC189215core:FurnitureFittings2024-01-012024-12-31SC189215core:MotorVehicles2024-01-012024-12-31SC1892152023-01-012023-12-31SC189215core:FurnitureFittings2023-12-31SC189215core:MotorVehicles2023-12-31SC1892152023-12-31SC189215bus:PrivateLimitedCompanyLtd2024-01-012024-12-31SC189215bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-31SC189215bus:FRS1022024-01-012024-12-31SC189215bus:AuditExemptWithAccountantsReport2024-01-012024-12-31SC189215bus:Director22024-01-012024-12-31SC189215bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP