Jardine Funeral Directors Limited 31/12/2024 iXBRL

Company registration number: SC413589

Jardine Funeral Directors Limited

Unaudited filleted financial statements

31 December 2024

Jardine Funeral Directors Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Jardine Funeral Directors Limited

Directors and other information


	Directors	Mr AHG Jardine
		Mr MAJ Jardine


	Company number	SC413589


	Registered office	Three Crowns Court
		Dumfries
		DG1 1HU


	Business address	Three Crowns Court
		Dumfries
		DG1 1HU


	Accountants	Carson & Trotter
		Chartered Accountants
		123 Irish Street
		Dumfries
		DG1 2PE

Jardine Funeral Directors Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Jardine Funeral Directors Limited

Year ended 31st December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jardine Funeral Directors Limited for the year ended 31st December 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the board of directors of Jardine Funeral Directors Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Jardine Funeral Directors Limited and state those matters that we have agreed to state to the board of directors of Jardine Funeral Directors Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jardine Funeral Directors Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Jardine Funeral Directors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Jardine Funeral Directors Limited. You consider that Jardine Funeral Directors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jardine Funeral Directors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Carson & Trotter

Chartered Accountants

123 Irish Street

Dumfries

DG1 2PE

25th September 2025

Jardine Funeral Directors Limited

Statement of financial position

31st December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Intangible assets	5	175,000		200,000
Tangible assets	6	491,754		1,116,496
		_______		_______
			666,754		1,316,496

Current assets
Stocks		10,000		10,000
Debtors	7	619,393		648,666
Cash at bank and in hand		2,158,791		1,889,253
		_______		_______
		2,788,184		2,547,919
Creditors: amounts falling due
within one year	8	( 226,873)		( 191,334)
		_______		_______
Net current assets			2,561,311		2,356,585
			_______		_______
Total assets less current liabilities			3,228,065		3,673,081


Provisions for liabilities			( 25,529)		( 24,325)

			_______		_______
Net assets			3,202,536		3,648,756
			_______		_______

Capital and reserves
Called up share capital	9		206,500		206,500
Capital redemption reserve			695,500		695,500
Profit and loss account			2,300,536		2,746,756
			_______		_______
Shareholders funds			3,202,536		3,648,756
			_______		_______

For the 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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 19 September 2025 , and are signed on behalf of the board by:

Mr MAJ Jardine

Director

Company registration number: SC413589

Jardine Funeral Directors Limited

Notes to the financial statements

Year ended 31st December 2024

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Jardine Funeral Directors Limited, Three Crowns Court, Dumfries, DG1 1HU.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	5 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	Land & buildings are not depreciated due to the level of maintenance work performed.
Plant and machinery	-	10 %	reducing balance
Fittings fixtures and equipment	-	10 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2023: 15 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1st January 2024 and 31st December 2024	500,000	500,000
	_______	_______
Amortisation
At 1st January 2024	300,000	300,000
Charge for the year	25,000	25,000
	_______	_______
At 31st December 2024	325,000	325,000
	_______	_______
Carrying amount
At 31st December 2024	175,000	175,000
	_______	_______
At 31st December 2023	200,000	200,000
	_______	_______

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1st January 2024	876,099	100,622	74,584	466,918	1,518,223
Additions	-	47,233	204	-	47,437
	_______	_______	_______	_______	_______
At 31st December 2024	876,099	147,855	74,788	466,918	1,565,660
	_______	_______	_______	_______	_______
Depreciation
At 1st January 2024	-	48,941	36,510	316,276	401,727
Charge for the year	-	9,892	3,827	37,661	51,380
Impairment losses	620,799	-	-	-	620,799
	_______	_______	_______	_______	_______
At 31st December 2024	620,799	58,833	40,337	353,937	1,073,906
	_______	_______	_______	_______	_______
Carrying amount
At 31st December 2024	255,300	89,022	34,451	112,981	491,754
	_______	_______	_______	_______	_______
At 31st December 2023	876,099	51,681	38,074	150,642	1,116,496
	_______	_______	_______	_______	_______

Freehold property was revalued as at 2nd July, 2025 to its fair value of £225,300 by GM Thomson & Co, Chartered Surveyors who are independent of the company and have experience of valuing similar properties.

6. Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


	Freehold property	Total
	£	£
At 31st December 2024
Aggregate cost	876,099	876,099
Aggregate depreciation	-	-
	_______	_______
Carrying amount	876,099	876,099
	_______	_______

At 31st December 2023
Aggregate cost	876,099	876,099
Aggregate depreciation	-	-
	_______	_______
Carrying amount	876,099	876,099
	_______	_______

7. Debtors

	2024	2023
	£	£
Trade debtors	57,959	83,818
Other debtors	561,434	564,848
	_______	_______
	619,393	648,666
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	90,311	45,221
Corporation tax	106,614	110,153
Social security and other taxes	12,188	12,153
Other creditors	17,760	23,807
	_______	_______
	226,873	191,334
	_______	_______

9. Called up share capital

Issued, called up and fully paid

	2024		2023
	No	£	No	£
Ordinary redeemable shares shares of £ 1.00 each	204,500	204,500	204,500	204,500
Ordinary 'A' shares shares of £ 1.00 each	1,000	1,000	1,000	1,000
Ordinary 'B' shares shares of £ 1.00 each	1,000	1,000	1,000	1,000
	_______	_______	_______	_______
	206,500	206,500	206,500	206,500
	_______	_______	_______	_______

10. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr AHG Jardine	127,938	24,253	( 152,191)	-
	Mr MAJ Jardine	( 6,087)	284,836	( 135,624)	143,125
		_______	_______	_______	_______
		121,851	309,089	( 287,815)	143,125
		_______	_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr AHG Jardine	112,752	31,106	( 15,920)	127,938
	Mr MAJ Jardine	76,677	130,725	( 213,489)	( 6,087)
		_______	_______	_______	_______
		189,429	161,831	( 229,409)	121,851
		_______	_______	_______	_______

11. Related party transactions

Mr M.A.J. Jardine a director in the company, is also a director and shareholder in Roucan Loch Crematorium Limited. During the year the company purchased cremation services to the value of £413,361 (31 December 2023 - £401,371).

During the year the company provided Roucan Loch Crematorium Limited with services in the sum of £35,000 (2023 - £30,000).

In previous years the company made a loan in the sum of £407,180 to a company in which Mark Jardine is a director. The full amount of this loan is outstanding at the year end. No interest was payable on the loan and there are no repayment conditions in place.

During the year the company paid dividends of £122,000 to directors.

12. Controlling party

The company is under the control of the directors.