J C S Builders Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC117345 (Scotland)

Unaudited Financial Statements

For The Year Ended 30 November 2024

for

J C S Builders Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

K J B Cullen

P K Cullen

REGISTERED OFFICE:

Old Church

South Craigs Road

Rumford

Polmont

FK2 0SF

REGISTERED NUMBER:

SC117345 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Investments

4

6,236

544

Investment property

5

406,050

272,174

412,286

272,718

CURRENT ASSETS

Debtors

6

6,227

4,647

Cash at bank and in hand

31,252

7,116

37,479

11,763

CREDITORS

Amounts falling due within one year

7

216,372

123,385

NET CURRENT LIABILITIES

(178,893

)

(111,622

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

233,393

161,096

PROVISIONS FOR LIABILITIES

42,131

-

NET ASSETS

191,262

161,096

CAPITAL AND RESERVES

Called up share capital

4

Fair value reserve

8

134,438

96,228

Retained earnings

56,820

64,864

191,262

161,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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 5 November 2025 and were signed on its behalf by:

K J B Cullen - Director

1.	STATUTORY INFORMATION

J C S Builders 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

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 most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

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 2 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 December 2023

544

Revaluations

5,692

At 30 November 2024

6,236

NET BOOK VALUE

At 30 November 2024

6,236

At 30 November 2023

544

Cost or valuation at 30 November 2024 is represented by:

Other

investments

£

Valuation in 2024

6,236

If fixed asset investments had not been revalued they would have been included at the following historical cost:

30.11.24

30.11.23

£

Cost

544

-

Fixed asset investments were valued on an open market basis on 30 November 2024 by the directors .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2023

272,174

Additions

59,226

Revaluations

74,650

At 30 November 2024

406,050

NET BOOK VALUE

At 30 November 2024

406,050

At 30 November 2023

272,174

Fair value at 30 November 2024 is represented by:

£

Valuation in 2024

406,050

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

30.11.24

30.11.23

£

Cost

175,946

-

Investment property was valued on an open market basis on 30 November 2024 by the directors. .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

Other debtors

6,227

4,647

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

Trade creditors

30,986

18,072

Taxation and social security

10

Other creditors

185,376

105,303

216,372

123,385

8.

RESERVES

Fair

value

reserve

£

At 1 December 2023

96,228

Transfer to fair value reserve

80,341

Deferred tax on revaluation

(42,131

)

At 30 November 2024

134,438

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 J C S Builders Limited for the year ended 30 November 2024 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of J C S Builders Limited, 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 J C S Builders Limited and state those matters that we have agreed to state to the Board of Directors of J C S Builders Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. 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 J C S Builders Limited 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 J C S Builders Limited. You consider that J C S Builders Limited 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 J C S Builders Limited. 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.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

5 November 2025