REGISTERED NUMBER: SC021364 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

James C. Hogg Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N G Hogg

REGISTERED OFFICE:

28 Albyn Place

Aberdeen

AB10 1YL

REGISTERED NUMBER:

SC021364 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

17,576

432

Investment property

5

338,239

338,239

355,815

338,671

CURRENT ASSETS

Debtors

6

5,741

7,153

Cash at bank

3,307

4,959

9,048

12,112

CREDITORS

Amounts falling due within one year

7

30,784

31,800

NET CURRENT LIABILITIES

(21,736

)

(19,688

)

TOTAL ASSETS LESS CURRENT LIABILITIES

334,079

318,983

CREDITORS

Amounts falling due after more than one year

8

(11,410

)

-

PROVISIONS FOR LIABILITIES

(51,262

)

(51,344

)

NET ASSETS

271,407

267,639

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Other reserves

257,971

257,971

Retained earnings

8,436

4,668

271,407

267,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2026 and were signed by:

Mr N G Hogg - Director

1.	STATUTORY INFORMATION

James C. Hogg 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

5,449

-

17,940

23,389

Additions

1,098

22,166

-

23,264

Disposals

(5,200

)

-

(17,105

)

(22,305

)

At 31 December 2025

1,347

22,166

835

24,348

DEPRECIATION

At 1 January 2025

5,301

-

17,656

22,957

Charge for year

236

5,542

275

6,053

Eliminated on disposal

(5,134

)

-

(17,104

)

(22,238

)

At 31 December 2025

403

5,542

827

6,772

NET BOOK VALUE

At 31 December 2025

944

16,624

8

17,576

At 31 December 2024

148

-

284

432

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

22,166

At 31 December 2025

22,166

DEPRECIATION

Charge for year

5,542

At 31 December 2025

5,542

NET BOOK VALUE

At 31 December 2025

16,624

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

338,239

NET BOOK VALUE

At 31 December 2025

338,239

At 31 December 2024

338,239

The value of the investment property is based on the directors opinion and local knowledge, and an independent valuation has not been sought.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

4,993

6,374

Other debtors

748

779

5,741

7,153

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

10,989

-

Hire purchase contracts

3,603

-

Taxation and social security

4,775

6,188

Other creditors

11,417

25,612

30,784

31,800

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

11,410

-

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr N G Hogg.