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Company No: SC396858 (Scotland)

R FERGUSSON LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

R FERGUSSON LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

R FERGUSSON LTD

COMPANY INFORMATION

For the financial year ended 31 December 2024
R FERGUSSON LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTOR Robert Fergusson
REGISTERED OFFICE 14 Castle Walk
Ayr
KA7 4HH
United Kingdom
COMPANY NUMBER SC396858 (Scotland)
ACCOUNTANT Dains
Ellersley House
30 Miller Road
Ayr
KA7 2AY
R FERGUSSON LTD

BALANCE SHEET

As at 31 December 2024
R FERGUSSON LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 31.12.2023
£ £
Fixed assets
Tangible assets 3 56,162 74,883
Investment property 4 265,921 265,921
Investments 5 451,250 1,562,000
773,333 1,902,804
Current assets
Debtors 6 1,235,514 0
Cash at bank and in hand 7 22,718 85,954
1,258,232 85,954
Creditors: amounts falling due within one year 8 ( 203,907) ( 39,646)
Net current assets 1,054,325 46,308
Total assets less current liabilities 1,827,658 1,949,112
Net assets 1,827,658 1,949,112
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 1,827,558 1,949,012
Total shareholders' funds 1,827,658 1,949,112

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

Director's responsibilities:

The financial statements of R Fergusson Ltd (registered number: SC396858) were approved and authorised for issue by the Director on 23 August 2025. They were signed on its behalf by:

Robert Fergusson
Director
R FERGUSSON LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
R FERGUSSON LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

R Fergusson Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 14 Castle Walk, Ayr, KA7 4HH, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

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 net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

31.12.2024 31.12.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2024 106,500 106,500
At 31 December 2024 106,500 106,500
Accumulated depreciation
At 01 January 2024 31,617 31,617
Charge for the financial year 18,721 18,721
At 31 December 2024 50,338 50,338
Net book value
At 31 December 2024 56,162 56,162
At 31 December 2023 74,883 74,883

4. Investment property

Investment property
£
Valuation
As at 01 January 2024 265,921
As at 31 December 2024 265,921

5. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2024 1,562,000 1,562,000
Additions 450,000 450,000
Disposals ( 1,560,750) ( 1,560,750)
At 31 December 2024 451,250 451,250
Carrying value at 31 December 2024 451,250 451,250
Carrying value at 31 December 2023 1,562,000 1,562,000

6. Debtors

31.12.2024 31.12.2023
£ £
Other debtors 1,235,514 0

7. Cash and cash equivalents

31.12.2024 31.12.2023
£ £
Cash at bank and in hand 22,718 85,954

8. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
£ £
Taxation and social security 72,908 8,899
Other creditors 130,999 30,747
203,907 39,646

9. Called-up share capital

31.12.2024 31.12.2023
£ £
Allotted, called-up and fully-paid
52 A ordinary shares of £ 1.00 each 52 52
10 B ordinary shares of £ 1.00 each 10 10
18 C ordinary shares of £ 1.00 each 18 18
18 D ordinary shares of £ 1.00 each 18 18
2 E ordinary shares of £ 1.00 each 2 2
100 100