James Stewart Exhibitions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC065367 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

James Stewart Exhibitions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J S K Hislop

REGISTERED OFFICE:

37 South Barnton Avenue

Edinburgh

EH4 6AN

REGISTERED NUMBER:

SC065367 (Scotland)

ACCOUNTANTS:

Neil Nisbet & Co.

c/o Neil Nisbet & Co.

Thain House

226 Queensferry Road

Edinburgh

EH4 2BP

FIXED ASSETS

Tangible assets

4

1,421

2,024

Investment property

5

1,254,290

1,255,711

1,256,314

CURRENT ASSETS

Debtors

6

10,047

1,060

Cash at bank

409,224

331,619

419,271

332,679

CREDITORS

Amounts falling due within one year

7

98,013

72,171

NET CURRENT ASSETS

321,258

260,508

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,576,969

1,516,822

PROVISIONS FOR LIABILITIES

88,250

88,275

NET ASSETS

1,488,719

1,428,547

CAPITAL AND RESERVES

Called up share capital

2

Non distributable income

reserve

678,199

Retained earnings

810,518

750,346

SHAREHOLDERS' FUNDS

1,488,719

1,428,547

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 director acknowledges his 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 director and authorised for issue on 31 December 2025 and were signed by:

J S K Hislop - Director

1.	STATUTORY INFORMATION

James Stewart Exhibitions 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.

Turnover

Turnover represents net income from operating activities, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

27,910

DEPRECIATION

At 1 April 2024

25,886

Charge for year

603

At 31 March 2025

26,489

NET BOOK VALUE

At 31 March 2025

1,421

At 31 March 2024

2,024

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,254,290

NET BOOK VALUE

At 31 March 2025

1,254,290

At 31 March 2024

1,254,290

Fair value at 31 March 2025 is represented by:

£

Valuation in 2016

461,499

Valuation in 2021

304,700

Cost

488,091

1,254,290

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

31.3.25

31.3.24

£

Cost

488,091

The investment property was valued on an open market value basis on 31 March 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

6,379

1,060

Other debtors

3,668

-

10,047

1,060

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Taxation and social security

16,944

7,235

Other creditors

81,069

64,936

98,013

72,171

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

J S K Hislop

Balance outstanding at start of year

-

Amounts advanced

200,000

-

Amounts repaid

(200,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £500 (2024 - £1,000) were paid to the director .

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J S K Hislop.