John Livingston & Sons,Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 00197966

		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		1,305,141		1,520,565

			1,305,141		1,520,565
CURRENT ASSETS
Debtors	5	4,889		3,587
Cash at bank and in hand		4,363		6,535

		9,252		10,122
Creditors: Amounts Falling Due Within One Year	6	(711,988 )		(666,100 )

NET CURRENT ASSETS (LIABILITIES)			(702,736 )		(655,978 )

TOTAL ASSETS LESS CURRENT LIABILITIES			602,405		864,587

Creditors: Amounts Falling Due After More Than One Year			2,601,000		1,951,000

PROVISIONS FOR LIABILITIES
Deferred Taxation			(494,190 )		(370,690 )

NET ASSETS			2,709,215		2,444,897

CAPITAL AND RESERVES
Called up share capital	7		95,700		95,700
Capital redemption reserve			4,300		4,300
Profit and Loss Account			2,609,215		2,344,897

SHAREHOLDERS' FUNDS			2,709,215		2,444,897

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John Livingston & Sons,Limited

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr B J Ord

Director

23 June 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

John Livingston & Sons,Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00197966 . The registered office is 80 Borough Road, Middlesbrough, TS1 2JN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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John Livingston & Sons,Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.4. Pensions

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

The company also operates a pension scheme providing benefits based on final pensionable pay.

On 1 November 2000 the John Livingston & Sons Limited Retirement Benefits Scheme ceased and benefits entitlements of members of the scheme were transferred to a new scheme, the John Livingston & Sons Limited Retirement Benefits Scheme (2000) ('the scheme'). With effect from 30th November 2000 the active members of the scheme ceased to accrue benefits and the scheme was made paid-up. The latest full actuarial valuation was carried out 5 April 2023 and was updated for FRS 102 purposes to 30 September 2025 by a qualified independent actuary.

The net interest element is determined by multiplying the net defined benefit liability by the discount rate, taking into account any changes in the net defined benefit liability during the period as a result of contribution and benefit payments. The net interest is recognised in the profit and loss as other finance revenue or cost.

Remeasurement changes comprise actuarial gains and losses, the effect of the asset ceiling and the return on the net defined benefit liability excluding amounts included in net interest. These are recognised immediately in other comprehensive income in the period in which they occur and are not reclassified to profit and loss in subsequent periods.

The net defined benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information, and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed refunds from the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Investments

	Listed	Unlisted	Total
	£	£	£
Cost or Valuation
As at 1 October 2024	45,000	1,475,565	1,520,565
Revaluations	(2,228 )	-	(2,228 )
Fair value adjustments	-	(213,196 )	(213,196 )

As at 30 September 2025	42,772	1,262,369	1,305,141

Provision
As at 1 October 2024	-	-	-

As at 30 September 2025	-	-	-

Net Book Value
As at 30 September 2025	42,772	1,262,369	1,305,141

As at 1 October 2024	45,000	1,475,565	1,520,565

5. Debtors

	2025	2024 as restated
	£	£
Due within one year
Other debtors	4,889	3,587

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John Livingston & Sons,Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	7,786	5,031
Amounts owed to group undertakings	631,650	639,792
Other creditors	72,119	20,437
Taxation and social security	433	840

	711,988	666,100

Bank facilities are secured by a fixed and floating charge over the company's assets, together with cross guarantees.

7. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	95,700	95,700

8. Related Party Transactions

Amounts owed to/ from related undertakings at the year end were as follows:

Owed to Fairfield Industries Limited £631,650 (2024: £639,791)

Owed to Erimus Securities Limited £57,000 (2024: £20,000)

Owed to John Livingston Estates Limited £15,119 (2024: owed from £1,881)

9. Ultimate Parent Undertaking and Controlling Party

The company is a subsidiary undertaking of John Livingston & Sons Holdings Limited, the ultimate parent undertaking incorporated in England and Wales. There are no group accounts prepared which include the results of the company.

In the opinion of the directors, the ultimate controlling party is BJ Ord, the largest individual shareholder in the ultimate parent undertaking.

10. Financial commitments, guarentees and contingent liabilities

The company, together with certain of its group and related undertakings subject to common control, has entered into a composite banking arrangement and cross guarantees to secure banking facilities.

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