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COMPANY REGISTRATION NUMBER: SC178555

The JFK Partnership Limited

Filleted Unaudited Financial Statements

31 December 2025

The JFK Partnership Limited

Financial Statements

Year ended 31 December 2025

Contents | Pages

Statement of financial position | 1

Notes to the financial statements | 2 to 4

The JFK Partnership Limited

Statement of Financial Position

31 December 2025

| 2025 | 2024
Note | £ | £ | £

Current assets

Debtors | 6 | 14,755 |  | 17,367
Cash at bank and in hand | 9,418 |  | 8,375
| -------- |  | --------
| 24,173 |  | 25,742

Creditors: amounts falling due within one year | 7 | ( 10,161) |  | ( 13,774)
| -------- |  | --------
Net current assets |  | 14,012 | 11,968
|  | -------- | --------
Total assets less current liabilities |  | 14,012 | 11,968
|  | -------- | --------
Net assets |  | 14,012 | 11,968
|  | -------- | --------

Capital and reserves

Called up share capital |  | 1,000 | 1,000
Profit and loss account |  | 13,012 | 10,968
|  | -------- | --------
Shareholders funds |  | 14,012 | 11,968
|  | -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 April 2026 , and are signed on behalf of the board by:

J F Kerr |
Director |

Company registration number: SC178555

The JFK Partnership Limited

Notes to the Financial Statements

Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 2 Newton Place, Elgin, Morayshire, IV30 6AZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents commission earned during the year. The income relating to commission is recognised on the accruals basis.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures & fittings | - | 20% straight line

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, 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. Cash and cash equivalents in the statement of financial position comprise cash at bank and in hand held on demand. Bank overdrafts are shown within creditors due within one year. Trade debtors and creditors are measured at the undiscounted amounts receivable from the customer or payable to a supplier, which is normally the invoiced price. Trade debtors are assessed at the end of each reporting period for the objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of income and retained earnings. Directors' loans to the company which are repayable on demand are measured at the undiscounted amount of the cash expected to be paid.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).
5. Tangible assets

| Fixtures and fittings | Total
| £ | £
Cost |  |
At 1 January 2025 and 31 December 2025 | 18,512 | 18,512
| -------- | --------
Depreciation |  |
At 1 January 2025 and 31 December 2025 | 18,512 | 18,512
| -------- | --------
Carrying amount |  |
At 31 December 2025 | – | –
| -------- | --------
At 31 December 2024 | – | –
| -------- | --------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 14,755 | 16,080
Other debtors | – | 1,287
| -------- | --------
| 14,755 | 17,367
| -------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | – | 1,894
Corporation tax | 25 | –
Social security and other taxes | 7,050 | 9,752
Other creditors | 3,086 | 2,128
| -------- | --------
| 10,161 | 13,774
| -------- | --------

8. Directors' advances, credits and guarantees
The director, Mr J F Kerr , has granted a personal guarantee to the Royal Bank of Scotland plc in respect of the company's overdraft facility.
9. Related party transactions
A balance of £6,060 (2024 - £4,800) was charged for heat and light by Mrs E T Kerr, who is a director, to the company during the year.