REGISTERED NUMBER: SC034890 (Scotland)

R & J SYNDICATE GROUP (GLASGOW) LIMITED

(THE)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

H Holden

I Maguire

REGISTERED OFFICE:

272 Bath Street

Glasgow

G2 4JR

REGISTERED NUMBER:

SC034890 (Scotland)

ACCOUNTANTS:

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R & J Syndicate Group (Glasgow) Limited (THE) for the year ended 31st January 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of R & J Syndicate Group (Glasgow) Limited (THE), as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R & J Syndicate Group (Glasgow) Limited (THE) and state those matters that we have agreed to state to the Board of Directors of R & J Syndicate Group (Glasgow) Limited (THE), as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R & J Syndicate Group (Glasgow) Limited (THE) 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 profit of R & J Syndicate Group (Glasgow) Limited (THE). You consider that R & J Syndicate Group (Glasgow) Limited (THE) 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 R & J Syndicate Group (Glasgow) Limited (THE). 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.

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

29th October 2025

FIXED ASSETS

Tangible assets

4

1,234

-

Investment property

5

450,000

450,000

451,234

450,000

CURRENT ASSETS

Debtors

6

92,223

-

Cash at bank

-

83,496

92,223

83,496

CREDITORS

Amounts falling due within one year

7

15,905

18,489

NET CURRENT ASSETS

76,318

65,007

TOTAL ASSETS LESS CURRENT LIABILITIES

527,552

515,007

PROVISIONS FOR LIABILITIES

78,984

78,750

NET ASSETS

448,568

436,257

CAPITAL AND RESERVES

Called up share capital

8

10,000

10,000

Retained earnings

438,568

426,257

SHAREHOLDERS' FUNDS

448,568

436,257

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th October 2025 and were signed on its behalf by:

H Holden - Director

1.	STATUTORY INFORMATION

R & J Syndicate Group (Glasgow) Limited (THE) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern

The financial statements have been prepared on the going concern basis. The directors believe that the company has adequate resources and support to continue to operate for the foreseeable future.

Turnover

The turnover shown in the profit and loss account represents the sales value of work done in relation to renting real estate during the year, exclusive of Value Added Tax.

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.

Computer equipment

-20% straight line

Fixtures and fittings

-20% straight line

Investment property

Investment properties are shown at fair value. Gains are recognised in the income statement. Deferred

taxation is provided on these gains at the rate if the property was sold at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

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 3 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st February 2024

970

-

970

Additions

-

1,397

1,397

At 31st January 2025

970

1,397

2,367

DEPRECIATION

At 1st February 2024

970

-

970

Charge for year

-

163

163

At 31st January 2025

970

163

1,133

NET BOOK VALUE

At 31st January 2025

-

1,234

1,234

At 31st January 2024

-

-

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st February 2024

and 31st January 2025

450,000

NET BOOK VALUE

At 31st January 2025

450,000

At 31st January 2024

450,000

Fair value at 31st January 2025 is represented by:

£

Valuation in 2024

450,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.1.25

31.1.24

as restated

£

£

Cost

38,544

38,544

Investment property was valued on a fair value basis on 31st January 2024 by professional surveyors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

as restated

£

£

Other debtors

92,223

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

as restated

£

£

Taxation and social security

2,750

5,829

Other creditors

13,155

12,660

15,905

18,489

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

as restated

£

£

10,000

Ordinary

1

10,000

10,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.1.25

31.1.24

as restated

£

£

H Holden and I Maguire

Balance outstanding at start of year

-

-

Amounts advanced

92,223

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

92,223

-

This loan bears no interest and was repaid post year end.

10.	ULTIMATE CONTROLLING PARTY

There was no ultimate controlling party throughout the current and previous year.