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Registration number: SC244994

John McGregor (Bro'ty) Limited
Unaudited Financial Statements
for the Year Ended 30 June 2025

John McGregor (Bro'ty) Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

John McGregor (Bro'ty) Limited

(Registration number: SC244994)
Statement of Financial Position as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 247,622 | 239,154
Investment property | 6 | 170,750 | 170,750
|  | 418,372 | 409,904
Current assets |  |  |
Stocks | 7 | 206,553 | 228,315
Debtors | 8 | 2,679 | 3,766
Cash at bank and in hand |  | 599,171 | 513,990
|  | 808,403 | 746,071
Creditors: Amounts falling due within one year | 9 | (299,621) | (253,740)
Net current assets |  | 508,782 | 492,331
Total assets less current liabilities |  | 927,154 | 902,235
Creditors: Amounts falling due after more than one year | 9 | - | (9,121)
Provisions for liabilities |  | (228) | (305)
Net assets |  | 926,926 | 892,809
Capital and reserves |  |  |
Called up share capital |  | 4 | 4
Revaluation reserve |  | 5,000 | 5,000
Retained earnings |  | 921,922 | 887,805
Shareholders' funds |  | 926,926 | 892,809

For the financial year ending 30 June 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.

John McGregor (Bro'ty) Limited

(Registration number: SC244994)
Statement of Financial Position as at 30 June 2025

Approved and authorised by the Board on 27 January 2026 and signed on its behalf by:

......................................... Mrs Jennifer Leslie McGregor Director
......................................... Mr John K McGregor Director

John McGregor (Bro'ty) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

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

The address of its registered office is:
20 Dalhousie Road
Barnhill
Dundee
DD5 2SW

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, 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.

Tax

The tax expense for the period comprises current and deferred 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.

John McGregor (Bro'ty) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Property & Improvements | 2% reducing balance
Fixtures & Fittings | 25% reducing balance
Office equipment | 25% reducing balance

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.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 5% straight line

John McGregor (Bro'ty) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

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 7 (2024 - 7).

John McGregor (Bro'ty) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 July 2024 | 105,000 | 105,000
At 30 June 2025 | 105,000 | 105,000
Amortisation
At 1 July 2024 | 105,000 | 105,000
At 30 June 2025 | 105,000 | 105,000
Carrying amount
At 30 June 2025 | - | -

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 July 2024 | 342,529 | 29,584 | 372,113
Additions | 13,623 | - | 13,623
At 30 June 2025 | 356,152 | 29,584 | 385,736
Depreciation
At 1 July 2024 | 104,977 | 27,982 | 132,959
Charge for the year | 4,753 | 402 | 5,155
At 30 June 2025 | 109,730 | 28,384 | 138,114
Carrying amount
At 30 June 2025 | 246,422 | 1,200 | 247,622
At 30 June 2024 | 237,552 | 1,602 | 239,154

Included within the net book value of land and buildings above is £246,422 (2024 - £237,552) in respect of freehold land and buildings.

John McGregor (Bro'ty) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

6 | Investment properties

| 2025 £
At 1 July | 170,750
At 30 June | 170,750

The last valuation of the properties was at 30 June 2025 by the directors and they are of the opinion that they are fairly stated in these accounts.

There has been no valuation of investment property by an independent valuer.

7 | Stocks

| 2025 £ | 2024 £
Other inventories | 206,553 | 228,315

8 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 2,679 | 3,766
| 2,679 | 3,766

John McGregor (Bro'ty) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 9,149 | 10,000
Trade creditors |  | 18,911 | 15,993
Taxation and social security |  | 59,203 | 69,200
Accruals and deferred income |  | 4,599 | 4,340
Other creditors |  | 207,759 | 154,207
|  | 299,621 | 253,740

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 9,121

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 9,149 | 10,000