Registered number
SC525382
J2MB SCOTLAND LIMITED
Filleted Accounts
31 January 2025
J2MB SCOTLAND LIMITED
Registered number: SC525382
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Investments 3 210,211 272,784
Current assets
Debtors 4 135,300 35,325
Cash at bank and in hand 1,994 630
137,294 35,955
Creditors: amounts falling due within one year 5 (255,098) (161,460)
Net current liabilities (117,804) (125,505)
Total assets less current liabilities 92,407 147,279
Creditors: amounts falling due after more than one year 6 (23,025) (105,425)
Net assets 69,382 41,854
Capital and reserves
Called up share capital 8 8
Profit and loss account 69,374 41,846
Shareholders' funds 69,382 41,854
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.
Mr Jakub Mateusz Borowicz
Director
Approved by the board on 14 May 2025
J2MB SCOTLAND LIMITED
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts 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).
Turnover
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.
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 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.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investment
properties
£
Cost
At 1 February 2024 272,784
Disposals (62,573)
At 31 January 2025 210,211
4 Debtors 2025 2024
£ £
Other debtors 135,300 35,325
5 Creditors: amounts falling due within one year 2025 2024
£ £
Accruals and deferred income 1,080 -
Taxation and social security costs 6,457 2,586
Other creditors 247,561 158,874
255,098 161,460
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 23,025 105,425
7 Other information
J2MB SCOTLAND LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
Flat 0/1
65 Barmulloch Road
Glasgow
G21 4YG
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