Jm Independent Financial Advisers Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC473934

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Stocks	6	615,000		-
Debtors	7	2,000		2,000
Cash at bank and in hand		8,738,940		6,947,904

		9,355,940		6,949,904
Creditors: Amounts Falling Due Within One Year	8	(3,578,170 )		(2,164,806 )

NET CURRENT ASSETS (LIABILITIES)			5,777,770		4,785,098

TOTAL ASSETS LESS CURRENT LIABILITIES			5,777,770		4,785,098

NET ASSETS			5,777,770		4,785,098

CAPITAL AND RESERVES
Called up share capital	10		2,000		2,000
Profit and Loss Account			5,775,770		4,783,098

SHAREHOLDERS' FUNDS			5,777,770		4,785,098

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Jm Independent Financial Advisers Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr James McLaughlin

Director

12/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Jm Independent Financial Advisers Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC473934 . The registered office is 1 Randolph Cliff, Edinburgh, EH3 7TZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Jm Independent Financial Advisers Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	6	5
Sales, marketing and distribution	3	3

	9	8

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 April 2024	-
Additions	11,475

As at 31 March 2025	11,475

Depreciation
As at 1 April 2024	-
Provided during the period	11,475

As at 31 March 2025	11,475

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Investments

	Listed	Other	Total
	£	£	£
Cost or Valuation
As at 1 April 2024	(1,560,000 )	1,560,000	-

As at 31 March 2025	(1,560,000 )	1,560,000	-

Provision
As at 1 April 2024	-	-	-

As at 31 March 2025	-	-	-

Net Book Value
As at 31 March 2025	(1,560,000 )	1,560,000	-

As at 1 April 2024	(1,560,000 )	1,560,000	-

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Jm Independent Financial Advisers Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	2025	2024
	£	£
Work in progress	615,000	-

7. Debtors

	2025	2024
	£	£
Due within one year
Called up share capital not paid	2,000	2,000

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Director's loan account	3,578,170	2,164,806

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	418	418
Less: Finance charges allocated to future periods	418	418

	-	-

10. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	2,000	2,000

Amount of Allotted, Called Up Share Capital	2,000	2,000

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