REGISTERED NUMBER: SC605619 (Scotland)

LMJB Properties Ltd

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

6

Directors:

J G Bell

L J Bell

M S Bell

Registered office:

1 Waverley Gardens

Darnick

Melrose

Roxburghshire

TD6 9AF

Registered number:

SC605619 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Investment property

4

170,000

340,000

Current assets

Debtors

5

60,034

-

Cash at bank

1,867

283

61,901

283

Creditors

Amounts falling due within one year

6

8,279

43,077

Net current assets/(liabilities)

53,622

(42,794

)

Total assets less current liabilities

223,622

297,206

Creditors

Amounts falling due after more than one year

7

(92,000

)

(151,000

)

Provisions for liabilities

(8,600

)

-

Net assets

123,022

146,206

Capital and reserves

Called up share capital

100

100

Retained earnings

122,922

146,106

123,022

146,206

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

LMJB Properties 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 as modified by the revaluation of certain assets.

Investment property

Investment property is shown at the cost of acquisition. The directors will review this on an annual basis and any aggregate surplus or deficit arising from changes in fair value will be recognised in profit or loss.

Financial instruments

The following assets and liabilities are classified as financial instruments - 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 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.

Provisions

Provisions are set up only where it is probable 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.

3.	Employees and directors

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

4.	Investment property

Total

£

Fair value

At 1st April 2024

340,000

Disposals

(170,000

)

At 31st March 2025

170,000

Net book value

At 31st March 2025

170,000

At 31st March 2024

340,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2024

45,263

Cost

124,737

170,000

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Other debtors

60,034

-

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Taxation and social security

7,230

900

Other creditors

1,049

42,177

8,279

43,077

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other creditors

92,000

151,000

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Mortgages

92,000

151,000

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Mortgages

92,000

151,000

Paragon bank holds security over one of the properties in the company.

9.	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

-

-

Amounts advanced

78,311

-

Amount repaid

(41,177

)

-

37,134

-

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