Livingston James (Holdings) Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: SC642239

		2024		2023 as restated
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		2,000,000		2,000,000

			2,000,000		2,000,000
CURRENT ASSETS
Cash at bank and in hand		68,000		68,000

		68,000		68,000
Creditors: Amounts Falling Due Within One Year	5	(68,000 )		(68,000 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,000,000		2,000,000

NET ASSETS			2,000,000		2,000,000

CAPITAL AND RESERVES
Called up share capital	6		1,068,000		1,068,000
Profit and Loss Account			932,000		932,000

SHAREHOLDERS' FUNDS			2,000,000		2,000,000

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

James Livingston

Director

24/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Livingston James (Holdings) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC642239 . The registered office is 218 St. Vincent Street, Glasgow, G2 5SG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

Consolidated accounts have not been prepared as the parent, and the group headed by it, qualify as small under s383 of the Companies Act 2006 and the parent and the group are considered eligible for the exemption as determined by reference to sections 384 and 399(2A) of the Companies Act 2006.

The 2023 financial statements were restated to remove dividend income from Livingston James Limited (£1,522,500) and gifts made to the Livingston James Employee Ownership Trust (£1,522,500) as these transactions did not flow through Livingston James (Holdings) Limited. This has no impact on the net assets of the company.

2.2. Financial Instruments

Financial liabilities and equity are classified according to the substance of the financial instrument’s contractual obligations, rather than the financial instrument’s legal form. Financial liabilities, excluding convertible debt and derivatives, are initially measured at transaction price (after deducting transaction costs) and subsequently held at amortised cost.

2.3. Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Investments

	Subsidiaries
	£
Cost
As at 1 January 2024	2,000,000

As at 31 December 2024	2,000,000

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	2,000,000

As at 1 January 2024	2,000,000

The company owns 100% of the issued share capital of Livingston James Limited, a company registered at 218 St. Vincent Street, Glasgow, G2 5SG. Consolidated accounts have not been prepared as the group meets the definition of a small group.

At 31 December 2024 the subsidiary company's aggregate capital and reserves were £699,829 (2023: £683,864) and its profit for the year to 31 December 2024 was £585,965 (2023: £772.001).

5. Creditors: Amounts Falling Due Within One Year

	2024	2023 as restated
	£	£
Other creditors	68,000	68,000

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Livingston James (Holdings) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Share Capital

	2024	2023 as restated
	£	£
Allotted, Called up and fully paid	1,068,000	1,068,000

7. Ultimate Controlling Party

The shares in then company are fully owned by an Employee Ownership Trust and the trustee, Livingston James Trustees Limited, is the ultimate controlling party.

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