J.R. CONTRACTS LIMITED


Directors	MORRON, Harvey Bernard
	NEVILLE, Stephen Charles
	STOL, Diane


Company Secretary	MORRON, Harvey Bernard


Registered Address	C/O Macdonald Lynch 15/17 Carmunock Road
	Mount Florida
	Glasgow
	G44 4TZ


Registered Number	SC046530 (Scotland)

Statement of Financial Position
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investment property	3		320,000		320,000
			320,000		320,000
Current assets
Debtors	4	200		200
Cash at bank and on hand		107,221		120,387
		107,421		120,587
Creditors amounts falling due within one year	5	(24,327)		(31,347)
Net current assets (liabilities)			83,094		89,240
Total assets less current liabilities			403,094		409,240
Provisions for liabilities			(4,976)		(4,976)
Net assets			398,118		404,264
Capital and reserves
Called up share capital			10,000		10,000
Other reserves			296,198		296,198
Profit and loss account			91,920		98,066
Shareholders' funds			398,118		404,264

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 August 2026, and are signed on its behalf by:

NEVILLE, Stephen Charles
Director
Registered Company No. SC046530

J.R. CONTRACTS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

	Turnover policy
	Turnover represents rental income and costs recharged excluding value added tax. The company's policy is to recognise rental income on a straight line basis in accordance with the terms of the lease agreement.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	Investment property is carried at fair value determined annually by directors and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	1		1

3.	Investment property
	The fair value of the investment property at 31 March 2026 has been arrived at on the basis of a valuation carried out at that date by the company directors who are not professionally qualified valuers. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location and takes into account the current state of the rental market in the area where the properties are situated.

Investment property

The fair value of the investment property at 31 March 2026 has been arrived at on the basis of a valuation carried out at that date by the company directors who are not professionally qualified valuers. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location and takes into account the current state of the rental market in the area where the properties are situated.


		£
	Fair value at 01 April 25	320,000
	At 31 March 26	320,000

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Other debtors	200	200
Total	200	200

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Taxation and social security	5,695	10,276
Other creditors	18,632	21,071
Total	24,327	31,347

6.	Related party transactions
	On 1 April 2025, the company owed the directors £14,773. During the year, the directors were advanced £5,872 and withdrew a further £8,311. As at 31 March 2026, the company owed the directors £12,334. No interest was charged on this loan and it is repayable on demand. S C Neville provided services to the company during the year through a separate company, The Amy Ellis Consultancy Ltd. The total cost to the company was £5,800 (2025: £6,300).

Related party transactions

On 1 April 2025, the company owed the directors £14,773. During the year, the directors were advanced £5,872 and withdrew a further £8,311. As at 31 March 2026, the company owed the directors £12,334. No interest was charged on this loan and it is repayable on demand.

S C Neville provided services to the company during the year through a separate company, The Amy Ellis Consultancy Ltd. The total cost to the company was £5,800 (2025: £6,300).

7.	Exceptional items
	In the previous year, £526 related to the disposal of investment property and is recognised in the Income Statement.