REGISTERED NUMBER: SC265091 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

J S Property (Scotland) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C Lowe

Mrs F M Scanlan

SECRETARY:

Mrs F M Scanlan

REGISTERED OFFICE:

4 King's Court

Glen Tye Road

Stirling

FK7 7LH

REGISTERED NUMBER:

SC265091 (Scotland)

FIXED ASSETS

Investment property

4

1,087,962

1,087,962

CURRENT ASSETS

Debtors

5

69,261

45,007

Cash at bank

11,728

2,759

80,989

47,766

CREDITORS

Amounts falling due within one year

6

82,431

82,178

NET CURRENT LIABILITIES

(1,442

)

(34,412

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,086,520

1,053,550

CREDITORS

Amounts falling due after more than one year

7

(118,911

)

(163,827

)

ACCRUALS AND DEFERRED INCOME

(129,242

)

(129,242

)

NET ASSETS

838,367

760,481

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

738,367

660,481

SHAREHOLDERS' FUNDS

838,367

760,481

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 5 December 2025 and were signed on its behalf by:

Mrs F M Scanlan - Director

1.	STATUTORY INFORMATION

J S Property (Scotland) 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.

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 NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,087,962

NET BOOK VALUE

At 31 March 2025

1,087,962

At 31 March 2024

1,087,962

Fair value at 31 March 2025 is represented by:

£

Valuation in 2004

111,265

Valuation in 2013

(187,802

)

Cost

1,164,499

1,087,962

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,136,537

1,136,537

The investment properties were valued on a vacant possession basis on 16 April 2013 by D M Hall. .

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Amounts owed by associates

55,391

32,391

Other debtors

12,720

11,466

68,111

43,857

Amounts falling due after more than one year:

Other debtors

1,150

1,150

Aggregate amounts

69,261

45,007

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

26,240

26,240

Amounts owed to associates

-

3,500

Taxation and social security

25,167

22,643

Other creditors

31,024

29,795

82,431

82,178

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

47,397

77,313

Other creditors

71,514

86,514

118,911

163,827

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

73,637

103,553

9.	RELATED PARTY DISCLOSURES

Democraft Limited

Mrs Lowe, a director of JS Property (Scotland) Limited, controls the company named above. The balance due from that company at the balance sheet date was £10,000.

Logoxpres Limited

Mrs Scanlan, a director of JS Property (Scotland) Limited, control the company named above. Rent, including services charges, was charged to that company during the year concerned in the amount of £33,553. The balance due from that company at the balance sheet date was £45,391.

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.