REGISTERED NUMBER: SC488478 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

JAG INVESTMENT GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J T Cameron-Fordyce

SECRETARY:

REGISTERED OFFICE:

2 Bellefield Lane

Lanark

Lanarkshire

ML11 7AA

REGISTERED NUMBER:

SC488478 (Scotland)

ACCOUNTANTS:

Feely & Company, Chartered Accountants

165 Main Street

Wishaw

Lanarkshire

ML2 7AU

FIXED ASSETS

Tangible assets

4

278,290

283,969

CURRENT ASSETS

Cash at bank

1,738

660

CREDITORS

Amounts falling due within one year

5

2,454

1,232

NET CURRENT LIABILITIES

(716

)

(572

)

TOTAL ASSETS LESS CURRENT LIABILITIES

277,574

283,397

CREDITORS

Amounts falling due after more than one year

6

285,613

290,967

NET LIABILITIES

(8,039

)

(7,570

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(8,041

)

(7,572

)

SHAREHOLDERS' FUNDS

(8,039

)

(7,570

)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

Mr J T Cameron-Fordyce - Director

1.	STATUTORY INFORMATION

Jag Investment Group Ltd 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.

Turnover

Turnover represents net sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Land and buildings

-

2% on reducing balance

At each balance sheet date, the company reviews the carrying amount of the tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 only in those instances where the amount is deemed to be material.

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 NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2024

and 31 December 2024

334,915

DEPRECIATION

At 1 January 2024

50,946

Charge for year

5,679

At 31 December 2024

56,625

NET BOOK VALUE

At 31 December 2024

278,290

At 31 December 2023

283,969

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

1,222

-

Other creditors

1,232

1,232

2,454

1,232

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

285,613

290,967

7.	RELATED PARTY DISCLOSURES

Included within creditors due after more than one year are the following amounts -

- £285,613 due to Mr J. T. Fordyce. The loan is interest free and has no fixed term of repayment.

In 2023 the amounts were as follows -

- £47,967 due to Mr J. T. Fordyce and Mrs G. Cameron Fordyce. The loan is interest free and has no fixed terms of repayment.

- £243,000 due to Mr & Mrs Fordyce (parents of Mr J.T. Fordyce). The interest on the loan is payable monthly at a rate of 2% per annum.