REGISTERED NUMBER: SC791607 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Joe Cool (Property) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs K M Malcolm

J M J Watts

REGISTERED OFFICE:

Unit 25, Cupar Trading Estate

Cupar

Fife

KY15 4SX

REGISTERED NUMBER:

SC791607 (Scotland)

ACCOUNTANTS:

Gibson McKerrell Burrows Limited

28 Rutland Square

Edinburgh

EH1 2BW

FIXED ASSETS

Investment property

4

850,000

850,000

CURRENT ASSETS

Cash at bank and in hand

10,854

17,179

CREDITORS

Amounts falling due within one year

5

19,849

18,892

NET CURRENT LIABILITIES

(8,995

)

(1,713

)

TOTAL ASSETS LESS CURRENT LIABILITIES

841,005

848,287

PROVISIONS FOR LIABILITIES

100,349

100,349

NET ASSETS

740,656

747,938

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

6

321,845

321,845

Retained earnings

418,810

426,092

740,656

747,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

J M J Watts - Director

1.	STATUTORY INFORMATION

Joe Cool (Property) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2025 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

850,000

NET BOOK VALUE

At 31 January 2026

850,000

At 31 January 2025

850,000

Fair value at 31 January 2026 is represented by:

£

Valuation in 2026

850,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

1

-

Taxation and social security

11,048

6,682

Other creditors

8,800

12,210

19,849

18,892

6.

RESERVES

Revaluation

reserve

£

At 1 February 2025

and 31 January 2026

321,845

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company is owned by Joe Cool Trading Limited, a company which is owned by M Watts and K Malcolm.