REGISTERED NUMBER: SC215894 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

JOHN REBUS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I J Rankin

A M Harvey

J M Harvey-Rankin

SECRETARY:

A M Harvey

REGISTERED OFFICE:

24A Ainslie Place

Edinburgh

Lothian

EH3 6AJ

REGISTERED NUMBER:

SC215894 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

FIXED ASSETS

Tangible assets

4

660,157

662,702

Investments

5

1,002,270

991,418

Investment property

6

1,472,987

1,464,635

3,135,414

3,118,755

CURRENT ASSETS

Debtors

7

93,277

158,067

Cash at bank

2,557,383

2,199,997

2,650,660

2,358,064

CREDITORS

Amounts falling due within one year

8

339,622

373,349

NET CURRENT ASSETS

2,311,038

1,984,715

TOTAL ASSETS LESS CURRENT LIABILITIES

5,446,452

5,103,470

PROVISIONS FOR LIABILITIES

52,735

52,612

NET ASSETS

5,393,717

5,050,858

CAPITAL AND RESERVES

Called up share capital

200

200

Revaluation reserve

175,819

177,125

Retained earnings

5,217,698

4,873,533

SHAREHOLDERS' FUNDS

5,393,717

5,050,858

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by:

I J Rankin - Director

1.	STATUTORY INFORMATION

John Rebus 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided on tangible assets other than property at 25% on cost. Where the residual value of a property is considered to be less than its historic cost the property is depreciated on a straight line basis over its estimated useful life.

Investment property

Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company makes employer pension contributions to individual directors' own pension schemes. Contributions are charged to the profit and loss account in the period paid.

Listed investments

Fixed asset investments are initially recognised at their transaction value and subsequently measured at their fair value at the balance sheet date using the closing quoted market price. The Income Statement includes the net gains and losses arising on revaluations and disposals throughout the year.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Heritable

machinery

Property

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

660,100

9,243

669,343

DEPRECIATION

At 1 April 2024

-

6,641

6,641

Charge for year

-

2,545

2,545

At 31 March 2025

-

9,186

9,186

NET BOOK VALUE

At 31 March 2025

660,100

57

660,157

At 31 March 2024

660,100

2,602

662,702

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

991,418

Additions

62,291

Disposals

(49,905

)

Revaluations

(1,534

)

At 31 March 2025

1,002,270

NET BOOK VALUE

At 31 March 2025

1,002,270

At 31 March 2024

991,418

Investments are valued at fair value using the closing quoted market price. An decrease in value of £1,534 (2024: increase of £62,886) is included in the Income Statement. The historic cost of the investments is £868,714.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,464,635

Additions

8,352

At 31 March 2025

1,472,987

NET BOOK VALUE

At 31 March 2025

1,472,987

At 31 March 2024

1,464,635

Investment properties were valued by the directors at fair value during the year based on a review of similar transactions in the same locations as the investment properties. The historic cost of the properties is £1,377,987.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

93,177

156,760

Other debtors

100

1,307

93,277

158,067

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,423

-

Taxation and social security

150,117

66,466

Other creditors

188,082

306,883

339,622

373,349

9.	RELATED PARTY DISCLOSURES

During the year charitable donations of £400,000 (2024: £300,000) were paid to a charitable trust whose trustees include directors of the company.