J.F.M. ELECTRICAL (HOLDINGS) LIMITED


Directors	MOORE, Gerard
	MOORE, John Francis
	MOORE, John
	MOORE, Margaret


Registered Address	1 Katrine Avenue
	Righead Industrial Estate
	Bellshill
	ML4 3LS


Registered Number	SC492200 (Scotland)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investments	4		2		2
Investment property	3		7,501,057		7,366,328
			7,501,059		7,366,330
Current assets
Debtors	5	78,297		35,187
Cash at bank and on hand		62,848		177,952
		141,145		213,139
Creditors amounts falling due within one year	6	(228,711)		(572,530)
Net current assets (liabilities)			(87,566)		(359,391)
Total assets less current liabilities			7,413,493		7,006,939
Creditors amounts falling due after one year	7		(1,374,180)		(1,434,699)
Provisions for liabilities			(299,992)		(260,487)
Net assets			5,739,321		5,311,753
Capital and reserves
Called up share capital			202		202
Profit and loss account			5,739,119		5,311,551
Shareholders' funds			5,739,321		5,311,753

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 26 August 2026, and are signed on its behalf by:

MOORE, John Francis
Director
Registered Company No. SC492200

J.F.M. ELECTRICAL (HOLDINGS) LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

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.

	Turnover policy
	Turnover represents rentals receivable under operating leases, which are being recognised on a straight line basis over the term of the lease.

	Dividend income
	Dividend income is recognised when the right to receive payment is established.

	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.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Investment property
	Investment property is carried at fair value determined annually by external valuers 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.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Investment property
	The company's investment properties are held for use under operating leases. The fair value of the investment property at 31 December 2025, 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 directors are of the opinion that the costs continues to be an accurate representation of fair value at the year end.

Investment property

The company's investment properties are held for use under operating leases.  The fair value of the investment property at 31 December 2025, 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 directors are of the opinion that the costs continues to be an accurate representation of fair value at the year end.


		£
	Fair value at 01 January 25	7,366,328
	Additions	134,729
	At 31 December 25	7,501,057

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 January 25	2	2
At 31 December 25	2	2
Net book value
At 31 December 25	2	2
At 31 December 24	2	2

	Notes
	¹Investments in group undertakings and participating interests

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	72,300	10,000
Other debtors	2,998	370
Prepayments and accrued income	2,999	24,817
Total	78,297	35,187

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	82,761
Bank borrowings and overdrafts	58,893	60,444
Taxation and social security	95,237	11,324
Other creditors	-	335,000
Accrued liabilities and deferred income	74,581	83,001
Total	228,711	572,530

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,374,180	1,434,699
Total	1,374,180	1,434,699

8.	Creditors: amounts due after 5 years
	Included in creditors due after one year is £1,374,180 (2024: £1,148,169) of bank borrowings repayable by instalments after 5 years.

9.	Secured creditors
	At the year end the company had secured bank borrowings of £1,433,073 (2024: £1,495,142). The lender holds a fixed and floating charge over the company's investment property.

10.	Related party transactions
	Included in creditors is a loan of £nil (2025: £335,000) from the directors. The loan is interest free, unsecured and payable on demand.