Company Registration No. SC239865 (Scotland)
ST & JJ LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
PAGES FOR FILING WITH REGISTRAR
ST & JJ LIMITED
COMPANY INFORMATION
Directors
N R Scott
T J Trotter
T Bruce-Jones
(Appointed 6 September 2019)
Secretary
N R Scott
Company number
SC239865
Registered office
Unit 7
Halbeath Interchange Business Park
Kingseat Road, Halbeath
Dunfermline
KY11 8RY
Accountants
Azets
Titanium 1
King's Inch Place
Renfrew
PA4 8WF
ST & JJ LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ST & JJ LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2019
31 December 2019
- 1 -
2019
2018
Notes
£
£
£
£
Fixed assets
Investments
2
600,000
600,000
Capital and reserves
Called up share capital
3
600,000
600,000
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
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.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 21 December 2020 and are signed on its behalf by:
N R Scott
Director
Company Registration No. SC239865
ST & JJ LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
- 2 -
1
Accounting policies
Company information
ST & JJ Limited is a
private
company
limited by shares
incorporated in Scotland.
The registered office is
Unit 7, Halbeath Interchange Business Park, Kingseat Road, Halbeath, Dunfermline, KY11 8RY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Profit and loss account is presented
in these financial statements.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
1.4
Cash at bank and in hand
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 current liabilities.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Fixed asset investments
2019
2018
£
£
Investments
600,000
600,000
ST & JJ LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
2
Fixed asset investments
(Continued)
- 3 -
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 January 2019 & 31 December 2019
600,000
Carrying amount
At 31 December 2019
600,000
At 31 December 2018
600,000
3
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
300,000 A Ordinary Shares of £1 each
300,000
300,000
300,000 B Ordinary Shares of £1 each
300,000
300,000
600,000
600,000
A and B shares have equal voting rights, and have equal rights to dividends or other distributions of capital.
4
Parent company
The company is a joint venture undertaking controlled by James Jones & Sons Limited and Scott Group Investments Limited. Both companies are incorporated in Scotland.
The company is jointly controlled by the directors of James Jones & Sons Limited and Scott Group Investments Limited.