Company No: SC697773 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2025		31.03.2025
		£		£
Current assets
Debtors	3	135,861		230,294
Cash at bank and in hand		56,804		116,456
		192,665		346,750
Creditors: amounts falling due within one year	4	( 192,664)		( 346,749)
Net current assets		1		1
Total assets less current liabilities		1		1
Net assets		1		1
Capital and reserves
Called-up share capital	5	1		1
Total shareholder's funds		1		1

For the financial period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial period 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Jellie Trading Limited (registered number: SC697773) were approved and authorised for issue by the Board of Directors on 04 September 2026. They were signed on its behalf by:

Graham Wood Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Jellie Trading Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the company's registered office is Blenheim House, Fountainhall Road, Aberdeen, AB15 4DT, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least twelve months from the date of signing the financial statements. Thus the directors have continued to adopt the going concern basis of accounting in preparing the financial statements.

Reporting period length

During the period, the directors approved a change in the entity’s accounting reference date from 31 March to 31 December to allow for better operational planning, in line with Section 392 of CA 2006. As a result, the current financial statements cover a 9-month period from 1 April 2025 to 31 December 2025, whereas the comparative figures cover a 12-month period from 1 April 2024 to 31 March 2025.

Turnover

Revenue is recognised to extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue which can be measured reliably; and
- it is probable that the Company will receive the consideration due under the contract.

Taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Short-term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Distribution under gift aid

Distributions under gift aid to the parent charity are recognised when there is a legal obligation to make the payment.

2. Employees

	Period from 01.04.2025 to 31.12.2025		Year ended 31.03.2025
	Number		Number
Monthly average number of persons employed by the company during the period, including directors	2		2

The company has no employees other than the directors, who did not receive any remuneration.

3. Debtors

	31.12.2025		31.03.2025
	£		£
Trade debtors	0		8,000
Amounts owed by group undertakings	3,741		14,814
Other debtors	132,120		207,480
	135,861		230,294

4. Creditors: amounts falling due within one year

	31.12.2025		31.03.2025
	£		£
Trade creditors	8,839		90,815
Amounts owed to directors	164,225		168,225
Accruals	6,000		26,509
Other creditors	13,600		61,200
	192,664		346,749

5. Called-up share capital

	31.12.2025		31.03.2025
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

6. Related party transactions

Transactions with the entity's directors

The Company has taken advantage of the exemption granted by FRS 102 not to disclose transactions with other group companies.

Included within other creditors are amounts due to a director of £164,225 (31 March 2025 : £168,225). The director's loan has no fixed terms of repayment, and no interest is payable on the loan.

Other related party transactions

The Company received income from an entity under the control of a close family member totalling £100,000 (31 March 2025 : £100,000) during the year. At 31 December 2025 the total amount due from this entity was £nil (31 March 2025 : £nil).

The Company received services from a company with a common director totalling £113,658 (31 March 2025 : £157,376) during the year. The Company provided services to a company with a common director totalling £nil (31 March 2025 : £1,053) during the year. At 31 December 2025 the total amount due to this company was £nil (31 March 2025 : £1,434).

7. Financial Instruments

Financial assets

	31.12.2025		31.03.2025
	£		£
Financial assets measured at fair value and through profit or loss	56,804		116,456

Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.

8. Ultimate controlling party

The Company is a wholly owned subsidiary of The JEllie Foundation, a charitable company limited by guarantee and registered in Scotland. The results of the Company are included within the consolidated and financial statements of The JEllie Foundation. The consolidated financial statements can be obtained from Blenheim House, Fountainhall Road, Aberdeen, Aberdeenshire, AB15 4DT.