REGISTERED NUMBER: SO305678 (Scotland)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

JOHN FERGUSON MORTGAGES LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

J C Ferguson

Mrs C Ferguson

REGISTERED OFFICE:

Morvern

Glen Nevis

FORT WILLIAM

Inverness-shire

PH33 6PF

REGISTERED NUMBER:

SO305678 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

OBAN

Argyll

PA34 4AZ

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

DESIGNATED MEMBERS

The designated members during the year under review were:

J C Ferguson

Mrs C Ferguson

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £65,861 (2024 - £31,686 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

J C Ferguson - Designated member

15 September 2025

TURNOVER

114,689

71,130

Cost of sales

3,313

11,000

GROSS PROFIT

111,376

60,130

Administrative expenses

44,963

28,279

OPERATING PROFIT

4

66,413

31,851

Interest payable and similar expenses

552

165

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

65,861

31,686

FIXED ASSETS

Tangible assets

5

67,586

76,625

CURRENT ASSETS

Debtors

6

13,064

22,100

Cash at bank

45,494

43,811

58,558

65,911

CREDITORS

Amounts falling due within one year

7

8,059

8,064

NET CURRENT ASSETS

50,499

57,847

TOTAL ASSETS LESS CURRENT LIABILITIES

118,085

134,472

CREDITORS

Amounts falling due after more than one year

8

26,700

39,527

NET ASSETS ATTRIBUTABLE TO MEMBERS

91,385

94,945

LOANS AND OTHER DEBTS DUE TO MEMBERS

91,385

94,945

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

91,385

94,945

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 15 September 2025 and were signed by:

J C Ferguson - Designated member

1.	STATUTORY INFORMATION

John Ferguson Mortgages LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2024 - 1 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.10.23

Year Ended

to

31.3.25

31.3.24

£

£

Depreciation - owned assets

9,789

11,066

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

121,998

Additions

750

At 31 March 2025

122,748

DEPRECIATION

At 1 April 2024

45,373

Charge for year

9,789

At 31 March 2025

55,162

NET BOOK VALUE

At 31 March 2025

67,586

At 31 March 2024

76,625

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,064

22,100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

8,059

8,064

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

19,426

27,481

Other creditors

7,274

12,046

26,700

39,527

Amounts falling due in more than five years:

Repayable by instalments

Loan

7,274

12,046