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REGISTERED NUMBER: SC017668 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

S & J Ltd.

S & J Ltd. (Registered number: SC017668)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S & J Ltd.

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs A J Ferguson
G J Jeffrey
Mrs J J Jeffrey





REGISTERED OFFICE: 31 The Ness
Dollar
Clackmannanshire
FK14 7EB





REGISTERED NUMBER: SC017668 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

S & J Ltd. (Registered number: SC017668)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 503 -
Investments 5 225,542 213,880
Investment property 6 1,450,000 1,450,000
1,676,045 1,663,880

CURRENT ASSETS
Debtors 7 1,426 1,011
Cash at bank 53,038 47,282
54,464 48,293
CREDITORS
Amounts falling due within one year 8 61,624 55,744
NET CURRENT LIABILITIES (7,160 ) (7,451 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,668,885

1,656,429

PROVISIONS FOR LIABILITIES 2,888 1,973
NET ASSETS 1,665,997 1,654,456

CAPITAL AND RESERVES
Called up share capital 14,023 14,023
Share premium 9 710,423 710,423
Capital redemption reserve 9 9,156 9,156
Fair value reserve 9 (820,591 ) (820,591 )
Retained earnings 9 1,752,986 1,741,445
1,665,997 1,654,456

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 16 July 2025 and were signed on its behalf by:





Mrs A J Ferguson - Director


S & J Ltd. (Registered number: SC017668)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

S & J Ltd. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income from the company's investment properties is recognised equally over the length of the rental
agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipments - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Where a fair value adjustment has been made, the amount has been transferred from retained earnings to a fair value reserve in order to distinguish between distributable and non distributable reserves.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and other
accounts receivable and payable are initially measured at transaction price adjusted for transaction costs. They are subsequently recognised at amortised costs using the effective interest method.

Creditors payable with one year, typically trade payables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid.

Debtors receivable within one year, typically trade receivables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be received.

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.

S & J Ltd. (Registered number: SC017668)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Fixed asset investments
Investments held as fixed assets are stated at fair value. Deferred tax is provided on these gains at the rate expected to apply when the assets are sold.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipments
£   
COST
Additions 541
At 31 December 2024 541
DEPRECIATION
Charge for year 38
At 31 December 2024 38
NET BOOK VALUE
At 31 December 2024 503

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2024 213,880
Additions 53,719
Disposals (54,827 )
Revaluations 12,770
At 31 December 2024 225,542
NET BOOK VALUE
At 31 December 2024 225,542
At 31 December 2023 213,880

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£   
Valuation in 2023 5,085
Valuation in 2024 11,049
Cost 209,408
225,542

S & J Ltd. (Registered number: SC017668)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 209,408 203,932

Fixed asset investments were valued on an open market basis on 31 December 2024 by Investec Wealth and Investment Limited .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 1,450,000
NET BOOK VALUE
At 31 December 2024 1,450,000
At 31 December 2023 1,450,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2018 (470,778 )
Valuation in 2021 (349,813 )
Cost 2,270,591
1,450,000

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

31.12.24 31.12.23
£    £   
Cost 2,270,591 2,270,591

Investment property was valued on an open market basis on 27 April 2022 by J & E Shepherd .

The directors do not believe that there are any significant differences between that valuation and the one pertaining to the year end.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 804 -
Prepayments and accrued income 622 1,011
1,426 1,011

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 25,889 25,476
Social security and other taxes 1,145 295
VAT 7,249 7,208
Accrued expenses 27,341 22,765
61,624 55,744

S & J Ltd. (Registered number: SC017668)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. RESERVES
Capital Fair
Retained Share redemption value
earnings premium reserve reserve Totals
£    £    £    £    £   

At 1 January 2024 1,741,445 710,423 9,156 (820,591 ) 1,640,433
Profit for the year 95,679 95,679
Dividends (84,138 ) (84,138 )
At 31 December 2024 1,752,986 710,423 9,156 (820,591 ) 1,651,974

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £69,288 (2023 - £69,288) were paid to the directors .