REGISTERED NUMBER: SC201268 (Scotland)

J B MANAGEMENT (SCOTLAND) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

W Ure

M A Ure

S Ure

A M Evans

REGISTERED OFFICE:

4 Royal Crescent

Glasgow

G3 7SL

REGISTERED NUMBER:

SC201268 (Scotland)

ACCOUNTANTS:

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J B Management (Scotland) Limited for the year ended 31st March 2026 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of J B Management (Scotland) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J B Management (Scotland) Limited and state those matters that we have agreed to state to the Board of Directors of J B Management (Scotland) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J B Management (Scotland) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J B Management (Scotland) Limited. You consider that J B Management (Scotland) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J B Management (Scotland) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

28th July 2026

FIXED ASSETS

Tangible assets

4

22,666

22,021

Investment property

5

450,000

400,000

472,666

422,021

CURRENT ASSETS

Debtors

6

1,711,886

1,636,815

Cash at bank and in hand

19,086

314,568

1,730,972

1,951,383

CREDITORS

Amounts falling due within one year

7

254,330

266,372

NET CURRENT ASSETS

1,476,642

1,685,011

TOTAL ASSETS LESS CURRENT LIABILITIES

1,949,308

2,107,032

CREDITORS

Amounts falling due after more than one year

8

(20,289

)

(45,000

)

PROVISIONS FOR LIABILITIES

(19,395

)

(6,056

)

NET ASSETS

1,909,624

2,055,976

CAPITAL AND RESERVES

Called up share capital

11

138

138

Capital redemption reserve

24

24

Retained earnings

1,909,462

2,055,814

SHAREHOLDERS' FUNDS

1,909,624

2,055,976

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Income Statement has not been delivered.

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

A M Evans - Director

1.	STATUTORY INFORMATION

J B Management (Scotland) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern

The financial statements have been prepared on the going concern basis. The directors believe that the company has adequate resources and support to continue to operate for the foreseeable future.

Turnover

The turnover shown in the profit and loss account represents amounts receivable for training services and is recognised at key points in the assessment process during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

- 4% straight line.

Fixtures and fittings

- 15% reducing balance.

Computer equipment

- 25% straight line.

Investment property

Investment properties are shown at fair value. Gains are recognised in the income statement. Deferred

taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2025 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2025

16,125

55,520

25,996

97,641

Additions

-

745

5,136

5,881

At 31st March 2026

16,125

56,265

31,132

103,522

DEPRECIATION

At 1st April 2025

16,125

39,016

20,479

75,620

Charge for year

-

2,532

2,704

5,236

At 31st March 2026

16,125

41,548

23,183

80,856

NET BOOK VALUE

At 31st March 2026

-

14,717

7,949

22,666

At 31st March 2025

-

16,504

5,517

22,021

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2025

400,000

Revaluations

50,000

At 31st March 2026

450,000

NET BOOK VALUE

At 31st March 2026

450,000

At 31st March 2025

400,000

Included in fair value of investment property is £450,000 (2025 - £400,000) which is not depreciated.

Fair value at 31st March 2026 is represented by:

£

Valuation in 2017

(1,815

)

Valuation in 2025

50,000

Valuation in 2026

50,000

Cost

351,815

450,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

351,815

351,815

The investment property was valued on a fair value basis on 31st March 2026 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

1,711,886

1,636,815

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts (see note 9)

21,667

21,667

Trade creditors

25,534

25,255

Taxation and social security

132,145

150,006

Other creditors

74,984

69,444

254,330

266,372

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans (see note 9)

20,289

45,000

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.26

31.3.25

£

£

Amounts falling due within one year or on demand:

Bank loans

21,667

21,667

Amounts falling due between one and two years:

Bank loans - 1-2 years

11,667

21,667

Amounts falling due between two and five years:

Bank loans - 2-5 years

8,622

23,333

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

31,955

46,667

There is a legal and floating charge over the assets of the company, including uncalled capital, to secure any sums due or to become due by the lenders.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

10,000

Ordinary

1p

100

100

3,808

B Ordinary

1p

38

38

138

138

12.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £281,995 (2025 - £246,469).

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2026 and 31st March 2025:

31.3.26

31.3.25

£

£

W Ure

Balance outstanding at start of year

598,058

594,842

Amounts advanced

5,400

4,008

Amounts repaid

(1,192

)

(792

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

602,266

598,058

M A Ure

Balance outstanding at start of year

642,853

609,752

Amounts advanced

46,483

33,893

Amounts repaid

(1,092

)

(792

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

688,244

642,853

These amounts bear no interest and have no fixed repayment terms.

14.	ULTIMATE CONTROLLING PARTY

The company had no ultimate controlling party throughout the current and previous year.