Accounts filed on 30-06-2018

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			Company registration number:			09646794
JAW (PROPERTIES) LIMITED
REPORT OF THE DIRECTORS' AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2018

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JAW (PROPERTIES) LIMITED
BALANCE SHEET
AS AT 30 June 2018
					2018				2017
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			310,673				743,543
							310,673				743,543
CURRENT ASSETS
Debtors					774				874
Cash at bank and in hand					857,746				44,329
					858,520				45,203
CREDITORS
Amounts falling due within one year					(811,552)				(746,882)
NET CURRENT ASSETS							46,968				(701,679)
TOTAL ASSETS LESS
CURRENT LIABILITIES							357,641				41,864
NET ASSETS							357,641				41,864
CAPITAL AND RESERVES
Called-up equity share capital							3				3
Profit and loss account							357,638				41,861
SHAREHOLDERS FUNDS							357,641				41,864
For the year ending 30 June 2018 the company was entitled to exemption 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 the accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 30 June 2018 in accordance with Section 444(2A) of the Companies Act 2006.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 22 March 2019 and signed on its behalf.
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A A Woodhouse
22 March 2019
The annexed notes form part of these financial statements.

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JAW (PROPERTIES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

1.

Accounting policies

Statutory information

JAW (Properties) Limited is a private company, limited by shares, registered in England and Wales number 09646794. The company's registered office address is Thos. Winnard & Sons, Mangham Road, Parkgate, Rotherham, S62 6EF. The presentation currency of the financial statements is the £ sterling.

Statement of compliance

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. There were no material departures from the standard.

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below.

Turnover

Turnover comprises rent receivable and is recognised when the company obtains the right to receive consideration for the services rendered to its customer.

Financial assets

Investment property is carried at fair value. Revaluation surpluses are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. The recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset from which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit and loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment cease to apply.

Financial Instruments

A financial asset or a financial liability is only recognised when the entity becomes a party to the contractual provisions of the instrument. Except as detailed below, basic financial assets, including trade and other receivables, cash and bank balances, loans receivable and investments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of future receipts discounted at a market rate of interest for a similar debt instrument. Such assets are subsequently carried at amortised cost, using the effective interest method. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting period. Investments in non-convertible preference and non-puttable ordinary shares are measured at fair value, with the changes recognised in profit and loss account. Derivative financial instruments are initially recorded at cost and thereafter at fair value with the changes recognised in the profit and loss account. Basic financial liabilities, including trade and other payables, bank loans, other loans and preference shares that are classified as debt are initially recognised at the transaction price, net of transaction costs, unless the transaction constitutes a financing transaction, where the debt instrument is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost, using the effective interest method. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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 substantively enacted by the balance sheet date.

2.

Employees

The average number of persons employed by the company (including directors during the year was 3 (2017 : 3).

3.	Tangible fixed assets
				Total
	Cost
	At start of period			743,543
	Disposals			(432,870)
	At end of period			310,673
	Net Book Value
	At start of period			743,543
	At end of period			310,673