REGISTERED NUMBER: SC021364 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

James C. Hogg Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N G Hogg

REGISTERED OFFICE:

28 Albyn Place

Aberdeen

AB10 1YL

REGISTERED NUMBER:

SC021364 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

432

744

Investment property

5

338,239

338,239

338,671

338,983

CURRENT ASSETS

Debtors

6

7,153

1,365

Cash at bank

4,959

3,719

12,112

5,084

CREDITORS

Amounts falling due within one year

7

31,800

23,539

NET CURRENT LIABILITIES

(19,688

)

(18,455

)

TOTAL ASSETS LESS CURRENT LIABILITIES

318,983

320,528

PROVISIONS FOR LIABILITIES

51,344

51,403

NET ASSETS

267,639

269,125

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Other reserves

257,971

257,971

Retained earnings

4,668

6,154

267,639

269,125

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2025 and were signed by:

Mr N G Hogg - Director

1.	STATUTORY INFORMATION

James C. Hogg Limited 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

5,449

17,940

23,389

DEPRECIATION

At 1 January 2024

5,264

17,381

22,645

Charge for year

37

275

312

At 31 December 2024

5,301

17,656

22,957

NET BOOK VALUE

At 31 December 2024

148

284

432

At 31 December 2023

185

559

744

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

338,239

NET BOOK VALUE

At 31 December 2024

338,239

At 31 December 2023

338,239

The value of the investment property is based on the directors opinion and local knowledge, and an independent valuation has not been sought.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

6,374

1,270

Other debtors

779

95

7,153

1,365

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

-

395

Trade creditors

-

437

Taxation and social security

6,188

3,257

Other creditors

25,612

19,450

31,800

23,539

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Mr N G Hogg

Balance outstanding at start of year

(10,018

)

3,164

Amounts advanced

36,847

7,418

Amounts repaid

(45,250

)

(20,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(18,421

)

(10,018

)

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr N G Hogg.