Company registration number SC688026 (Scotland)
JAMES CRAIG MARTS HOLDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
JAMES CRAIG MARTS HOLDINGS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
JAMES CRAIG MARTS HOLDINGS LTD
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
830,546
542,951
Current assets
Debtors
4
3,678
6,539
Cash at bank and in hand
12,593
385
16,271
6,924
Creditors: amounts falling due within one year
5
(610)
(605)
Net current assets
15,661
6,319
Net assets
846,207
549,270
Capital and reserves
Called up share capital
400
400
Revaluation reserve
830,545
542,951
Profit and loss reserves
15,262
5,919
Total equity
846,207
549,270

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 January 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 members have 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.

The financial statements were approved by the board of directors and authorised for issue on 3 April 2025 and are signed on its behalf by:
Mr J T Craig
Director
Company Registration No. SC688026
JAMES CRAIG MARTS HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information

James Craig Marts Holdings Ltd is a private company limited by shares incorporated in Scotland. The registered office is Livestock Auction Mart, Whitefordhill, Ayr, Ayrshire, United Kingdom, KA6 5JW.

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
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
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.

2
Employees

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

2025
2024
Number
Number
Total
2
2
JAMES CRAIG MARTS HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
3
Fixed asset investments
2025
2024
£
£
Other investments other than loans
830,546
542,951
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 February 2024
542,951
Valuation changes
287,595
At 31 January 2025
830,546
Carrying amount
At 31 January 2025
830,546
At 31 January 2024
542,951
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
3,678
6,539
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
610
605
6
Related party transactions

James Craig Limited

At the balance sheet date, £11,362 (2023 - £500) was owed by the company to James Craig Limited, a company under common control of directors, M D & J T Craig.

 

James Craig Marts Limited

At the balance sheet date, £15,039 (2023 - £NIL) was owed by the company from James Craig Marts Limited, a company under common control of directors, M D & J T Craig.

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