REGISTERED NUMBER: SC264903 (Scotland)

J & C Bell Developments Limited

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

7

Directors:

J G Bell

Mrs C Bell

Secretary:

Mrs C Bell

Registered office:

1 Waverley Gardens

Darnick

Melrose

Roxburghshire

TD6 9AF

Registered number:

SC264903 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

1,696

1,995

Investment property

5

663,903

663,903

665,599

665,898

Current assets

Stocks

160,527

160,527

Debtors

6

45,884

14,706

Cash at bank

3,255

1,273

209,666

176,506

Creditors

Amounts falling due within one year

7

31,211

9,029

Net current assets

178,455

167,477

Total assets less current liabilities

844,054

833,375

Creditors

Amounts falling due after more than one year

8

(428,943

)

(428,943

)

Provisions for liabilities

(28,210

)

(28,267

)

Net assets

386,901

376,165

Capital and reserves

Called up share capital

2

2

Retained earnings

10

386,899

376,163

Shareholders' funds

386,901

376,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 15th August 2025 and were signed on its behalf by:

J G Bell - Director

1.	Statutory information

J & C Bell Developments 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

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

Turnover

Turnover represents the total invoice value of sales made during the year. Turnover arising from services is recognised when the significant risks and rewards of ownership have passed to the buyer.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Investment property

Investment properties are initially measured at cost. They are subsequently measured at the most recent valuation as carried out by the directors. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Stock

Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade creditors, accruals, bank loans, other loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), other loans, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are set up only where it is possible that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern

The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

3.	Employees and directors

The average number of employees during the year was 3 (2024 - 3 ) .

4.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1st April 2024

and 31st March 2025

8,937

Depreciation

At 1st April 2024

6,942

Charge for year

299

At 31st March 2025

7,241

Net book value

At 31st March 2025

1,696

At 31st March 2024

1,995

5.	Investment property

Total

£

Fair value

At 1st April 2024

and 31st March 2025

663,903

Net book value

At 31st March 2025

663,903

At 31st March 2024

663,903

Fair value at 31st March 2025 is represented by:

£

Valuation in 2023

181,251

Cost

482,652

663,903

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Other debtors

45,884

14,706

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

5,239

3,472

Taxation and social security

3,072

5,557

Other creditors

22,900

-

31,211

9,029

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other creditors

428,943

428,943

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

428,943

428,943

9.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

428,943

428,943

The Royal Bank of Scotland PLC, The Mortgage Lender Limited and Aldermore Bank PLC hold security over the property in the company.

10.

Reserves

Retained earnings include non distributable reserves totalling £153,363 (2024 - £153,363).

11.	Directors' advances, credits and guarantees

The following advances and credits to the director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

Director

Balance outstanding at start of year

14,705

-

Amounts advanced

175,132

179,783

Amount repaid

(148,236

)

(165,078

)

Balance outstanding at end of year

41,601

14,705

This loan is unsecured, interest has been charged at the official rates published by HMRC and it is repayable on demand.