Registration number: SC625857

J.A.M.S. Carlogie Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

J.A.M.S. Carlogie Limited

(Registration number: SC625857)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	842,381	842,381
Current assets
Debtors	5	535	1,395
Cash at bank and in hand		9,858	10,905
		10,393	12,300
Creditors: Amounts falling due within one year	6	(231,255)	(235,138)
Net current liabilities		(220,862)	(222,838)
Total assets less current liabilities		621,519	619,543
Creditors: Amounts falling due after more than one year	6	(599,891)	(599,906)
Net assets		21,628	19,637
Capital and reserves
Called up share capital		20	20
Retained earnings		21,608	19,617
Shareholders' funds		21,628	19,637

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... Mr G M Strachan Director

J.A.M.S. Carlogie Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
Tayside
DD1 3DG
Scotland

The principal place of business is:
36 Carlogie Road
Carnoustie
Angus
DD7 6HA
Scotland

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

J.A.M.S. Carlogie Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, 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.
 

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 0 (2024 - 0).

J.A.M.S. Carlogie Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Investment properties

	2025 £
At 1 April	842,381
At 31 March	842,381

The last valuation of the properties was at 31 March 2025 by the directors and they are of the opinion that they are stated at fair value in these accounts.

5

Debtors

Current	2025 £	2024 £
Trade debtors	-	755
Prepayments	535	640
	535	1,395

J.A.M.S. Carlogie Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	702	3,389
Accruals and deferred income	1,961	1,801
Other creditors	228,592	229,948
	231,255	235,138

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		599,891	599,906

7

Dividends

Final dividends paid

		2025 £		2024 £
Final dividend of £50.00 (2024 - £100.00) per each Ordinary A		500		1,000
Final dividend of £50.00 (2024 - £100.00) per each Ordinary B		500		1,000
		1,000		2,000