Company registration number SC087649 (Scotland)
R & J MILNE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
R & J MILNE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
R & J MILNE LIMITED
BALANCE SHEET
AS AT
30 OCTOBER 2025
30 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
596,830
528,073
Current assets
Cash at bank and in hand
62,850
67,245
Creditors: amounts falling due within one year
4
(6,097)
(6,022)
Net current assets
56,753
61,223
Net assets
653,583
589,296
Capital and reserves
Called up share capital
30,000
30,000
Profit and loss reserves
623,583
559,296
Total equity
653,583
589,296

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

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 June 2026 and are signed on its behalf by:
S Milne
Director
Company registration number SC087649 (Scotland)
R & J MILNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2025
- 2 -
1
Accounting policies
Company information

R & J Milne Limited (SC087649) is a private company limited by shares incorporated in Scotland. The registered office is 7 Muiresk Drive, Turriff, Scotland, AB53 4SB,

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Investment assets publically traded are initially measured at cost and subsequently measured at fair value. The investments are assessed at each reporting date and any change in fair value is recognised in profit or loss.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

R & J MILNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Fixed asset investments
2025
2024
£
£
Other investments other than loans
596,830
528,073
Movements in fixed asset investments
Investments
£
Cost or valuation
At 31 October 2024
528,073
Additions
550,945
Valuation changes
69,622
Net charges
609
Gain/(loss) on disposal
442
Disposals
(552,861)
At 30 October 2025
596,830
Carrying amount
At 30 October 2025
596,830
At 30 October 2024
528,073
R & J MILNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2025
- 4 -
4
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
4,537
4,537
Accruals and deferred income
1,560
1,485
6,097
6,022
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