J. K. L. Property Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01292788 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2018

for

J. K. L. PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J C Kottler

S E Kottler

Registered office:

Mulberry House

Little Comberton

Pershore

Worcestershire

WR10 3EP

Registered number:

01292788 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

Sterling House

19/23 High Street

Kidlington

Oxfordshire

OX5 2DH

Fixed assets

Investments

4

107,986

112,659

Current assets

Cash at bank

2,229

1,949

Creditors

Amounts falling due within one year

5

122,996

109,054

Net current liabilities

(120,767

)

(107,105

)

Total assets less current liabilities

(12,781

)

5,554

Creditors

Amounts falling due after more than one year

6

40,002

40,002

Net liabilities

(52,783

)

(34,448

)

Capital and reserves

Called up share capital

100

100

Share premium

448,921

448,921

Capital redemption reserve

2,531

2,531

Fair value reserve

7

(3,962

)

1,117

Retained earnings

(500,373

)

(487,117

)

Shareholders' funds

(52,783

)

(34,448

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 February 2019 and were signed on its behalf by:

J C Kottler - Director

1.	Statutory information

J. K. L. Property Limited is a private company, limited by shares , registered in England and Wales. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Going concern

The directors have made an assessment of the company's ability to continue as a going concern and have

identified no material uncertainties that may cast a significant doubt on the ability of the company to continue

as a going concern for the foreseeable future.

3.	Employees and directors

The average number of employees during the year was 3 (2017 - 2 ) .

4.	Fixed asset investments

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Cost or valuation

At 1 July 2017

60,201

864,958

925,159

Disposals

-

(3,680

)

(3,680

)

Share of profit/(loss)

-

4,086

4,086

Revaluations

-

(5,079

)

(5,079

)

At 30 June 2018

60,201

860,285

920,486

Provisions

At 1 July 2017

and 30 June 2018

-

812,500

812,500

Net book value

At 30 June 2018

60,201

47,785

107,986

At 30 June 2017

60,201

52,458

112,659

Cost or valuation at 30 June 2018 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2014

-

(4,016

)

(4,016

)

Valuation in 2017

-

5,133

5,133

Valuation in 2018

-

(5,079

)

(5,079

)

Cost

60,201

864,247

924,448

60,201

860,285

920,486

5.

Creditors: amounts falling due within one year

30/6/18

30/6/17

£

£

Taxation and social security

-

59

Other creditors

122,996

108,995

122,996

109,054

Included in other creditors above is a loan of £117,641 (2017 - £103,641) from J C Kottler.

6.

Creditors: amounts falling due after more than one year

30/6/18

30/6/17

£

£

Other creditors

40,002

40,002

7.

Reserves

Fair value

reserve

£

At 1 July 2017

1,117

Revaluation of investment

(5,079

)

At 30 June 2018

(3,962

)